A recent report by Wood Mackenzie for the Oil & Gas Technology Centre stated the growth in offshore renewables, hydrogen and CCUS could more than double the economic impact of the UKCS, contributing £2.5 trillion to the UK economy and creating over 200 000 new jobs.
Nexans will design, manufacture and supply 44 km of steel tube umbilicals and accessories for the Bacalhau ultra-deepwater oilfield development project.
The Kulintang-1 wildcat well in Block SK438 was successfully drilled to a total depth of 2238 m in April 2021.
Up to 30 FPSO units could potentially become available by the end of 2022, according to analysis by Westwood Global Energy Group.