The agreement is non-exclusive and establishes the general legal framework and specific terms in relation to the engineering, procurement, construction and installation work regarding potential future contracts relating to leased FPSOs.
After reaching plateau for the first phase of the Johan Sverdrup development, expected during the summer of 2020, Equinor expects operating costs below US$2 per barrel.
The new and renewed awards have resulted in over 100 additional personnel being employed to support projects in the North Sea and Azerbaijan.
The work will be delivered by Wood’s Aberdeen-based operations and engineering teams, with construction and maintenance operatives working offshore.
The company has also appointed a new chairman to replace Jock Lennox, who will step down from his position at the end of September.
The company has received a firm Letter of Award for the high-specification jack-up drilling unit Energy Emerger.
Most of the companies that are active on the Norwegian shelf have submitted applications in this year’s Awards in Predefined Areas (APA) round.
The company will provide engineering support services as a tier 1 contractor for brownfield modifications and projects across Repsol Sinopec Resources UK’s operated assets and terminal at Flotta.
Recoverable resources for Snefrid Nord, located in the Norwegian continental shelf, are estimated at 4.4 billion m3 of gas (27.5 million boe), along with some condensate.
The company has developed a Subsea Safety Module, which can operate in the higher pressure (15ksi) wells common in the Gulf of Mexico and West Africa.
VIC/P75 is in the central area of the Gippsland Basin offshore Victoria, Australia.
The contract is for the Libongos drillship, which is owned by Sonangol.
The contracts, with major North Sea operators, are for TWMA to provide offshore processing of drilling waste.
The company's drilling technology has increased accessible reserves on Ivar Aasen, while its Fishbones jetting system has matched the productivity of proppant fractured wells on Valhall.
Ecobuy, being launched at Offshore Europe, will offer customers the option to buy more environmentally friendly and less wasteful products, as well as limiting the number of journeys by vehicles and vessels in the delivery of these.