Offshore & subsea - 15 June 2018

The Norwegian Petroleum Directorate has consented to the start on the Conoco Phillips-operated installation Ekofisk 2/4 VC in the North Sea.

Subsea 7 has announced the award of a sizeable contract by Shell as part of the deepwater Vito development, approximately 150 miles south of New Orleans, in the US Gulf of Mexico. 

TechnipFMC and DOF Subsea (DOF) announce that the Skandi Recife, a Brazilian-flagged flexible lay and construction vessel owned by the joint venture formed between TechnipFMC (50%) and DOF (50%), commenced its 8 year charter contract with Petróleo Brasileiro S.A. (Petrobras). The vessel will work in the Campos, Santos and Espírito Santo basins. 

Reflecting equity volumes produced since the effective date of 1 January 2018 and the deposit paid upon the signing of the transaction, Equinor has paid Petrobras an adjusted cash consideration of US$2 billion.