Once a production sharing contract for blocks 01 and 02 of the Cuu Long Basin expire, PC Vietnam Limited will hand the blocks over to the host authority.
Offshore & subsea - 28 July 2017
The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for well 25/4-11, a wildcat well in production licence 677.
Faroe Petroleum has announced the conditional acquisition of a further 13.9935% interest in the Blane Field in the UK North Sea from JX Nippon Exploration and Production (UK) Limited for a total consideration of US$5.25 million.
Saipem and Petrobel have finalised offshore contract variations worth US$900 million for EPCI activities in relation to the 'Optimised Ramp Up' phase of the 'supergiant' Zohr Field Development Project situated in the Mediterranean Sea off the Egyptian coast.