Offshore & subsea

The company is to transfer its entire working interest in the Block 115/09 production sharing contract, offshore Vietnam, to an unnamed major international oil and gas company.

The Petrobras-led Búzios Project will be recognised at this year's Offshore Technology Conference for the use of technological advancements in extreme conditions.

Richard Pugh, Investor at equity investor BGF, discusses why an upturn in the subsea sector may not be plain sailing and outlines why is it crucial to get your funding ducks in a row from the outset.

More than 6600 delegates gathered at Subsea Expo in Aberdeen, UK, this week, one of the biggest attendances on record in the event’s 15 year history.

The company recorded revenue of US$2171 million in 2019.

Over half of respondents (57%) believe ‘duration of contract’ is the key motivation when they consider employment opportunities.

The award was made at the Subsea UK Awards gala dinner, part of Subsea Expo 2020.

The company has completed subsea installation monitoring work to support the Northern Lights carbon capture storage (CCS) project in the North Sea.

The exhibition is taking place 18 – 20 February 2020 at the Henry B. Gonzalez Convention Center in San Antonio, Texas, US.

The Bozhong 24-9 oilfield in the Bohai Sea is expected to reach its peak production of approximately 22 500 bpd in 2022.

Global Oilfield Services will offer a full range of Swire Oilfield Services DNV 2.7-1 certified units, including offshore containers, baskets, waste skips and tanks to support the increased international operator’s drilling campaigns across Guyana.

Neptune Energy has signed an operated exploration licence with the Egyptian General Petroleum Corporation (EGPC) for Egypt’s North West El Amal offshore concession.

The Bureau of Ocean Energy Management will offer over 78 million acres for a region-wide lease sale scheduled for 18 March 2020.

The ultra-deepwater drillships Noble Bob Douglas, Noble Tom Madden and Noble Don Taylor, which are currently executing drilling assignments for ExxonMobil offshore Guyana, are included in the framework agreement, and other drilling rigs may be added to the agreement.

Aker BP will hold a 35% interest in licence 838, which contains the Shrek discovery, and a 88.0825% interest in licence 127C, which contains the Alve Nord discovery and the Alve NE prospect.