Drilling & production

As a globally renowned expert, Pieper’s appointment will consolidate the organisation’s multiphase testing and research capability.

The company has signed an agreement to acquire Chevron’s 40% operated interest in the Rosebank project, one of the largest undeveloped fields on the UK Continental Shelf (UKCS).

Cia Brasileira de Offshore has contracted PG Flow Solutions to supply liquid mud agitators for two of the shipowner’s offshore supply vessels.

Revenue was up on 2016 by 23% at £278 million, with profit of £0.8 million, down £0.2 million on 2016.

The contract is extended through October 2021 and includes a blend and extend modification to the previous contract dayrate, effective September 2018.

The company is excited for its anticipated delivery of its high quality heavy crude oil into the market.

The company has announced that the Ocean Rig Poseidon, a sixth generation deepwater drillship, has commenced its mobilisation.

The company has announced that the Mexican oil & gas regulator, the National Hydrocarbons Commission, has approved the appraisal plan for the Zama discovery.

The well was drilled about 105 km west of the 7324/8-1 (Wisting) oil discovery in the Barents Sea and about 350 km northwest of Hammerfest.

The well, on P1918 in the Wessex Basin, remains on track to be drilled in Q4 2018.

The production start-up of the Umm Lulu and SARB (Satah Al Razboot) fields shows an initial capacity of 50 000 bpd.

The two-well contract is expected to commence in late 2018.

Equinor has entered into time charter contracts for two newbuilt shuttle tankers with the shipowner Knutsen NYK Offshore Tankers AS (Knutsen).

The company has also announced a successful exploration well at Ewing Bank 910 field.

The company has announced the receipt of the Presidential Decree approving the successful execution of an Amendment to the Etame Marin Production Sharing Contract (PSC) in Gabon between the Government of Gabon and the Etame Participating Interest owners.