Offshore & subsea - 28 April 2020

Fenja is Neptune’s first operated development project on the Norwegian Shelf and is estimated to contain 97 million boe.

The current Covid-19 virus crisis has accelerated the need to reduce personnel on board (POB) on floating assets to a minimum.

Diamond intends to use the proceedings to restructure and strengthen its balance sheet and achieve a more sustainable debt profile.

Petrobras has extended its lease of the BW Cidade de São Vicente FPSO by 48 days.