Offshore & subsea - 06 April 2020

The Monument exploration well found approximately 200 ft (c. 60 m) of net oil pay with good reservoir characteristics in Paleogene sandstone.

The company, under contract to TGS, has completed the offshore 'seep-hunting' surface geochemical analysis and geotechnical campaign of the MSGBC Basin.

Upstream Production Solutions has entered into a three-year contract with Triangle Energy for the provision of operations and maintenance services to the Arrowsmith stabilisation plant (ASP) and Cliff Head Alpha offshore platform in the Perth Basin, Western Australia.

A client of SeaBird Exploration has cancelled two OBN surveys off West Africa due to the Covid-19 situation.

The new deadline for the closing date of Lebanon's ongoing second offshore exploration licensing round is 1 June 2020.

Preliminary estimates place the size of the discovery in production licence 1008 between 1 and 2.4 billion m3 of recoverable gas.