Offshore & subsea - 29 April 2020

The company has reduced its annual net production target and CAPEX for 2020.

OKEA has announced that its assets produced a total of 19 099 boe/d in 1Q20, compared to 19 498 boe/d in 1Q19.

Fugro will support Global Marine Group with the upgrading of the Normand Clipper.

Under the agreement, Sumitomo will have a 25% stake in the FPSO Anna Nery project, which was awarded to Yinson by Petrobras in October 2019.

The agreement has been signed with an unnamed European E&P company for licence P2478 in the Inner Moray Firth, UK.