Offshore & subsea - 15 October 2018

The company has provided an update on FEL 6/14 that contains the Newgrange Prospect.

The company has entered into an agreement with Equinor Energy to acquire its 77.8% interest in the King Lear gas/condensate discovery in the Norwegian North Sea.

The overall value of the contracts is approximately US$400 million.

A first-time contract for the world’s largest drilling company, and a first-time valve double isolation using an ODIN® inflatable plug installed with an ROV.

On 14 October the Oseberg Vestflanken 2 field in the North Sea came on stream.