Drilling & production

The company aims to grow turnover by 20% annually for the next five years by expanding its oil and gas, rail, defence and FMCG presence and diversifying into renewables.

The contracts have been awarded for work in Pakistan, Russia, Kurdistan, south-eastern Europe and Germany.

The companies' agreement provides for the creation of a gas and crude oil development hub through a synergy with existing MLE-CAFC installations.

Pro forma for the acquisition, Noble will own and operate a high specification fleet of 24 rigs, with 11 drillships, 1 semisubmersible, and 12 jackups.

The US$615 million deal includes all INEOS Oil & Gas interests in production, licenses, fields, facilities and pipelines, on the Norwegian continental shelf.

The contract covers consolidation of development, exploration and P&A activities in the Dutch and UK sectors of the North Sea.

Rystad Energy expects around 54 000 wells to be drilled worldwide in 2021, a 12% increase from 2020 levels, while in 2022 drilling is set to increase by another 19% year-on-year to about 64 500 wells.

The 10-year master contract enables Chevron Australia to order full-service asset maintenance from AGC, a subsidiary of AusGroup, across Chevron’s onshore and offshore natural gas and oil production facilities located in the north-west of Australia.

The topside modules will be designed and manufactured for MISC Berhad across Asia, with main engineering and execution activities done through Singapore.

LYTT has enhanced production at BP's North Sea Clair Ridge site by 2000 bpd via a 'tuning' strategy informed by real-time in-well data analysis.

Petrofac has been the incumbent operations and maintenance service provider at the facility for eight years. The facility is one of the largest in the Gulf and handles around 55% of Iraq’s crude oil exports.

CRP Subsea has been awarded a contract by Maersk Drilling for the supply of low-drag VIV suppressing Helically Grooved Drill Riser Buoyancy.

The three-year donation provides students at Universiti Teknologi PETRONAS access to Halliburton Landmark’s DecisionSpace® suite of exploration and production software.

The facility will provide simulations which re-create conditions within production and injection wells that will assist clients to not only maximise the absolute recovery, but increase the economic recovery of a field.

The suspension by ADNOC follows the announcement by the UK Serious Fraud Office (SFO) of additional pleas in January by a former Petrofac employee under the Bribery Act 2010 in relation to historic contract awards in the UAE in 2013 and 2014.