Offshore & subsea - 24 September 2021

The project, located in the south of the Bohai Sea, is expected to reach its peak production of approximately 11 000 bpd of crude oil in 2022.

Ramform Tethys is scheduled to commence acquisition during 4Q21, and it is planned to complete in 1Q22.

The company has completed more than 300 measurements campaigns in the North Sea across a decade of digital twin technology.

The US$635 million bridge loan facility will be fully drawn in the coming days to finance the ongoing construction of the FPSO Almirante Tamandaré.