Offshore & subsea

PFS was asked to carry out work to wet test nine deluge systems on Chrysaor's Britannia platform.

Asso.subsea have taken delivery of an SMD Quasar 150hp 1000m rated ROV from SMD.

Of the 100 listed energy service companies analysed by Rystad Energy across the various service segments for this research, more than two-thirds are unlikely to be able to meet their interest payment obligations on time this year.

The work commitment on Licence P2470 consisted of a small volume of 3D seismic reprocessing.

The contract has been extended until at least March 2022.

In January 2020 there were plans for approximately 50 exploration wells, but this has been reduced to 40 by the effects of the Covid-19 pandemic and low oil prices.

Allseas’ heavy lift vessel Pioneering Spirit will execute the work for Aker BP at the Valhall oilfield between 2021 and 2026.

The module was lifted onto a barge at the Rosenberg Worley yard in Stavanger, Norway, and will be transferred to the world's largest crane vessel, Heerema’s Sleipnir, then installed on the Neptune-operated Gjøa platform.

The company said it would still maintain its goal of increasing domestic crude oil and natural gas production for the year.

The consideration for the disposal is US$15 million, subject to a retention sum of US$1.7 million.

The oil was discovered in the exploratory Natator well in the Sudoeste de Tartaruga Verde block.

The data covers the company’s Welwitschia Deep prospect and Marula lead.

The company's contract with Dubai Petroleum will end in October 2020 rather than January 2022.

The divestments include the sale of Total E&P Deep Offshore Borneo BV, which holds an 86.95% interest in Block CA1 offshore Brunei, to Shell.

Initial recoverable resource estimates put the discovery at between 26 and 97 million boe.