Drilling & production - 10 November 2015

Ceragon and Statoil have renewed their frame agreement for five additional years: the new frame agreement will now include the IP-20 platform.

3D Oil Ltd has stated that wireline evaluation and sampling of formation fluids over zones of interest identified on preliminary Sea Lion -1 data have been completed.

Lloyd’s Register Energy launches new asset optimisation software solution to meet industry demand.

McDermott has been awarded a contract for an engineering, procurement, construction and installation pipeline project offshore Qatar.

VNG Norge AS, operator of production licence 586, has announced it is in the process of completing the drilling of wildcat well 6406/12-5 S.

Range has announced that the second development well of the 22 well programme, the GY 180SE well, was spudded on 4 November 2015.

SacOil has announced it will join the consortium of Taleveras Group, Gunvor Group and the Strategic Fuel Fund in developing the Bioko Oil Terminal tank farm in Equatorial Guinea.

Oilfield equipment market predicted to see signs of recovery by 2017.