Offshore & subsea

Although a FID for the project is on hold, Aker Energy has said it is working actively to confirm the feasibility of a phased field development by executing conceptual studies.

Premier Oil will pay BP a reduced fee of US$210 million for the Andrew Area and Shearwater assets.

The additional work will commence directly after the conclusion of a previously announced contract, and will last approximately two weeks.

The first phase of the exploration period at block 29/11 has been extended to 12 June 2022.

Exploration drilling is anticipated to commence at the Pensacola gas prospect in 2H21 and in 2022 at the Selene gas prospect.

The Semakovskoye field in the Yamal-Nenets Autonomous Area has recoverable gas reserves in excess of 320 billion m3.

KrisEnergy has attributed the suspension to the economic uncertainty generated by the Covid-19 pandemic and the current state of oil prices.

Siemens Gas and Power is to supply three SGT-300 industrial gas turbine generators (GTG), three mechanical-drive SGT-300 gas turbines and three DATUM centrifugal compressors.

The collaboration will see WFS utilise its smart wireless Seatooth® technologies with SES’s offshore cable and subsea umbilical, riser and flowline protection systems.

Proserv has been commissioned by Independent Oil and Gas (IOG) to provide a complete subsea controls system for IOG’s Core project phase 1 development.

In the second part of this two-part article, Svein Strømberg, Baker Hughes, considers the role of new digital technologies in the development of tie-back technology.

A total of 57 marginal oilfields, located onshore and in shallow offshore areas, are on offer.

Seadrill has said it will delist from the New York Stock Exchange and maintain a single listing on the Oslo Stock Exchange.

The sale is in line with the company's decision to focus its resources increasingly on deep and ultra-deep waters.

In the first part of a two-part article, Svein Strømberg, Baker Hughes, explores how investment emphasis in subsea projects has shifted from high-profile standalone developments to exploitation of existing discoveries.