Offshore & subsea - 07 November 2019

LOC Egypt has been awarded a two-year marine assurance and inspection contract by BP Egypt.

Petrobras and Chinese state firms CNOOC and CNODC made the only bids out of over a dozen major oil firms who had registered. Two of four blocks on offer got no bids.

The well targeted an extension of the Upper Jurassic Rogn Formation sandstone which forms the main reservoir of the producing Draugen field.

The survey started in late 2018 and covered the Buzios field, lying in approximately 2000 m water depth.