Offshore & subsea

Petrofac has secured a further six-month contract extension with Basra Oil Company for its long-standing Iraq Crude Oil Export Expansion Project.

Applied Petroleum Technology has identified Lower Jurassic source rocks and a genetically related set of oil show in the Southern Grand Banks.

The seismic data is being processed in the company's Weybridge imaging centre and early results will be available in August.

The company recorded a revenue of US$279 million in 1Q20, compared to US$305 million in 4Q19.

Well 6506/11-12 S. will be drilled about 4 kilometres west of the Morvin field.

Ashtead will provide subsea survey and ROV equipment to Reliance for use on offshore drilling, field development, IRM and decommissioning projects.

Lukoil has completed installation of a jacket for an accommodation platform topside at the V.I. Grayfer field.

Hurricane Energy has been given further time by the Oil and Gas Authority to carry out work in the Lincoln subarea of Licence P1368 in the UK North Sea.

Petrofac will provide well operator, well engineering and project management services to decommission four wells within the Rubie and Renee fields, 200 km north east of Aberdeen.

The AM20 survey covers the latest APA19 awards in the Norwegian Sea.

BW Offshore recorded a non-cash impairment to the book value of the FPSO fleet and other assets of US$233.1 million for 1Q20.

The royalty payments came from oil production at the offshore Stabroek block.

Gas extracted from the UK Continental Shelf has an average emission intensity of 22 kgCO2e/boe, whereas imported LNG has an average intensity of 59 kgCO2e/boe, according to data from the Oil and Gas Authority.

The scope of the agreement extends, but is not limited, to offshore trunklines.

The agreement has been made with an unnamed company.