Drilling & production - 19 March 2019

The company has entered into an agreement with Gabon Oil Company (GOC) for the acquisition of a 10% interest in the Dussafu production sharing contract.

The newly built rig will drill six wells in the Norwegian sector of the North Sea.

The Oda field is Spirit Energy’s first development as operator on the Norwegian Continental Shelf.

Not until 2025, 11 years after the last peak, are global service market revenues again likely to have made it back to the US$920 billion mark seen in 2014, according to Rystad Energy.