Offshore & subsea

By sidetracking from a collapsed expandable liner, the re-entry operation eliminated the time and cost associated with re-drilling and re-casing a 3000-ft hole.

BW Offshore has signed a five-year contract for the lease and operation of the BW Pioneer FPSO on the Cascade and Chinook fields on behalf of MP Gulf of Mexico.

The contract is for the development, qualification and field trials of autonomous inspection/intervention subsea drones.

The company has reduced its estimate of 2020 capital expenditures to US$15 million to US$25 million from its prior level of US$50 million to US$100 million.

The discoveries were made at the Evra and Iving exploration well, close to the Balder and Ringhorne field.

The Norwegian Petroleum Directorate has granted the company a permit for well 35/8-7S in production licence 880.

The wider Greater Buchan Area in the UK North Sea contains discovered oil and gas resources in excess of 200 million boe.

Hydrocarbons were encountered at the Isabella exploration well, with 64 m net pay encountered, consisting of lean gas and condensate and high-quality light oil.

The Kenli 6-1 discovery is expected to be the first large-sized oilfield in the Laibei lower uplift.

Carnarvon Petroleum and Santos, the operator of the offshore Dorado field, are working on entering the FEED phase.

A review of 66 projects on the Norwegian continental shelf (NCS) between 2007– 2018 has revealed that most have kept their estimated costs.

The company's separation into TechnipFMC and Technip Energies has been delayed by the Covid-19 pandemic, the sharp decline in commodity prices, and the heightened volatility in global equity markets.

Malampaya services approximately 30% of the Philippines' demand for electricity.

Activity reductions are planned in the Permian Basin, Egypt and the North Sea.

A significant portion of the acreage available in 1Q20 is located in either deep or ultra-deep water, up from the previous quarter, according to GlobalData.