Offshore & subsea

CEO Pat Lawless will be visiting Guyana as soon as current travel restrictions allow to work with existing clients and to introduce EM&I’s diverless, robotic, and digital asset integrity technologies.

The Bonga Main FPSO, which became operational in 2004, has a capacity of 225 000 bpd and weighs over 300 000 t, making it the largest asset in the world to be protected by a structural Digital Twin.

The 113 licences have been offered over 259 blocks or part-blocks to 65 companies.

The TCP jumpers are planned for delivery later this year, and will be deployed in the Julimar field, located approximately 200 km offshore North Western Australia.

The contract with an unnamed UK oil and gas operator, worth an annual six figure sum, has two additional one-year extension options.

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.