Offshore & subsea - 11 February 2019

The company has released a report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.

The three-year agreement, which includes options to extend, is estimated to be worth up to US$95 million over the term.

The company has announced the signing of a binding conditional agreement as it takes its next step in building its portfolio in SE Asia.

The company has announced that it has signed a rig contract for infill drilling on the Stag oilfield, located offshore Australia.

This follows a change to section three of the Petroleum Safety Authority’s (PSA) framework HSE regulations, which now permits mobile units employed in petroleum activities on the NCS to be designed in accordance with relevant maritime requirements.

The survey will include the highly prospective Castberg area, and cover existing and newly awarded licenses in addition to open acreage with several play models in multiple geological layers.