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Offshore & subsea - 26 May 2020

BW Offshore reports 1Q20 loss

BW Offshore recorded a non-cash impairment to the book value of the FPSO fleet and other assets of US$233.1 million for 1Q20.


Bahamas Petroleum signs drill rig contract

The company has agreed a contract with Stena Drilling for the provision of an offshore drilling rig, with drilling planned to commence between 15 December 2020 and 1 February 2021.


Resource upgrade confirmed at Mako gas field

The Mako field's 2C (contingent) recoverable resource estimates have been increased to 495 billion ft3, an increase of approximately 79% compared with a 2019 audit.