Offshore & subsea - 17 April 2020

The SubseaIntel tool has been substantially upgraded to help streamline and improve subsea intelligence-gathering and is being re-launched this week.

The company has been granted patents for its diverless under water inspection in lieu of drydocking (UWILD) and valve inspection and repair technology in the UK and Australia.

SKK Migas, the country's upstream oil and gas regulator, has cut this year’s production outlook for both crude oil and gas to 725 000 bpd and 5727 million ft3/d respectively.

Oil production in March was 4.4% lower than the NPD’s forecast, due to technical problems at some fields.

The interests include a 9.57% stake in the Azeri-Chirag-Gunashli oilfield, and an effective 8.9% stake in the Baku-Tbilisi-Ceyhan pipeline that transports crude to the Mediterranean port of Ceyhan.

The 4770 km2 Gambito 2020 3D survey will cover open acreage in deep and ultra-deep waters.