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Offshore & subsea - 26 August 2021

Vaalco signs binding letter of intent for FSO at Etame

According to Vaalco, compared to the current FPSO solution the Cap Diamant FSO will reduce storage and offloading costs at the Etame field offshore Gabon by almost 50%, as well as lower total operating costs by approximately 17% to 20% through to 2030.


Spirit Energy discovers more gas at North Sea field

The Grove North East development well (49/10a-G7) encountered carboniferous reservoir units at the target depth, with around 250 ft (gross) gas-bearing B & C sandstones present.