Offshore & subsea - 01 October 2020

The company will begin acquiring and processing new 3D seismic data in 4Q20.

SBM Offshore will construct, install and then lease and operate the Prosperity FPSO for a period of up to two years, while TechnipFMC will manufacture and deliver the subsea production system.

Maersk Drilling will drill two development wells for Dana Petroleum in the Dutch sector of the North Sea in 2Q21.

Payara is the third project in the Stabroek Block and is expected to produce up to 220 000 bpd after startup in 2024, using the Prosperity FPSO vessel.

The Terminator system has been used to successfully cut a subsea wellhead from an abandoned exploration well owned by Wintershall DEA in Norway.