Offshore & subsea

Bureau Veritas is working towards real time verification for offshore assets with the global expansion of its remote service centres and pilot projects with leading energy companies. 

Turkey has discovered its biggest ever natural gas field, holding 320 billion m3 (11.3 trillion ft3) in the Black Sea.

As a result, FAR’s stake in the Sangomar Exploitation Area decreases from 15% to 13.67%.

Valaris has reached an agreement with approximately 50% of its noteholders on a prearranged plan that would reduce debt by more than US$6.5 billion.

In direct continuation of its previously announced work scope, the Maersk Integrator rig will move to the Ula field offshore Norway in April 2021 to drill the Ula F – Producer 1 well.

The contract covers engineering, procurement, construction, installation and pre-commissioning of the infield rigid riser and flowlines for production, including the water alternate gas wells.

Ampelmann will provide two of its latest version L-type offshore access systems to Brunei Shell Petroleum.

Average OPEX per barrel of oil equivalent for deepwater production in the region has more than halved since 2013, from roughly US$26 to US$12.70 in 2020, a Rystad Energy report shows.

Estimated decommissioning costs have, to date, reduced by 19% since the OGA began benchmarking in 2017.

The Bass Strait JV is co-owned and operated by ExxonMobil, which has also put its 50% stake up for sale.

Halliburton will design and implement digital transformation projects to improve efficiency and production in four of PTTEP's offshore fields.

Qatar Petroleum has acquired a 30% participating interest in Block 48, located in the ultra-deepwaters offshore Angola.

The partnership with Eserv is part of the first phase of Neptune Energy’s strategy to “digitise” its assets and processes.

BP and Pale Blue Dot Energy were joint winners in the ‘Energy Transition for Future Generations’ category.

Woodside has matched Lukoil's offer of US$400 million to buy Cairn Energy's stake in the Sangomar project offshore Senegal.