Offshore & subsea - 06 May 2021

Drilling of the Hibiscus Extension appraisal well in the Dussafu Marin offshore licence in Gabon encountered water rather than hydrocarbons.

The company will invest a seven-figure sum into its operations and establish new support hubs in Houston, Dubai, Singapore, Perth and the Caspian over the next six months.

COSL will be the exclusive provider of semi-submersible drilling rigs for OKEA’s Norwegian Continental Shelf operations.

Located in water depths from 600 to 1200 m and about 150 km from the Angolan coast, Zinia Phase 2 resources are estimated at 65 million barrels of oil.