Offshore & subsea - 14 July 2020

ExxonMobil accepted the thermoplastic composite pipe jumper product for water injection purposes on its affiliates’ projects worldwide.

Head Energy was awarded the frame agreement for modifications at Brage in 2016 and the extension means that the contract now runs to 2022.

Profit before taxes amounted to US$151 million, compared to a loss before taxes of US$414 million in 1Q20.

The preliminary calculation of the size of the discovery is between 0.9 and 1.5 million m3 of recoverable oil.

The company carried out electrical diagnostics for Serica Energy as part of a multi-year campaign of preventive maintenance on the subsea cable network.