The renewal for Admarine 657, which is currently contracted and operating in Saudi Arabia, is effective after the expiry of its existing contract during Q1 2019.
Drilling & production - 13 December 2018
The companies have signed a memorandum of understanding with Western Gas Corporation Pty Ltd to be the exclusive development partners for the Equus Gas Project in Western Australia.
Serenity provides i3 with exposure to low cost and potentially high return upside that could be tied in to either its Liberator Phase I or incremental Phase II infrastructure.
Adrian Lara, Senior Oil and Gas Analyst at GlobalData, offers his view on the impact on the upstream sector.