Offshore & subsea - 13 January 2026

This contract marks fifth pre-commissioning scope for offshore Guyana.

Exploration spending faces pressure as industry pivots to strategic acreage deals, giant field redevelopment, and next-generation geothermal commercialisation.

By revitalising existing seismic and well data, this project will advance the understanding and promotion of Malta’s offshore petroleum potential in the Central Mediterranean.

Mitchell Wallace, Managing Partner at StreamLynk Partners, a partner of Vroozi, suggests that while procurement perfects compliance metrics, operations burns millions waiting on materials.