Offshore & subsea

The Abay block is located in the northern part of the Kazakhstan sector of the Caspian Sea, approximately 50 km from the coast, and is estimated to have significant potential for hydrocarbon resources.

The contract is for the the Shelf Drilling Scepter jack-up rig, and is expected to run from 1Q20 to 2Q22.

Equinor is to divest a 16% shareholding in Lundin Petroleum for a direct interest of 2.56% in the Johan Sverdrup field and a cash consideration of approximately US$650 million.

Fiona MacAulay has joined the board of EPI as non-executive director effective 1 July 2019.

Eco and its partners on the Orinduik Block, Tullow Guyana B.V. (Operator, 60% Working Interest (WI)) and Total E&P Guyana B.V. (25% WI), estimate the well will take up to 40 days to drill.

Africa Oil will acquire a 20% participating interest and operatorship in the Exploration Right for Block 3B/4B, offshore South Africa.

The license refers to Block WB03, located in the medium deep waters of the Tano Basin offshore Ghana.

The contract is for six high-pressure high-temperature exploration wells on two jack-up rigs in the Arabian Gulf.

The acquisition is set to expand Energean’s operations in the eastern Mediterranean gas hub, where Edison has a significant presence in Egypt’s rapidly-growing offshore basin.

The contracts utilised Rever Offshore’s multi-purpose dive support and offshore construction vessel the Rever Polaris, and ROV support vessel, the Rever Sapphire.

Recoverable resources are estimated at 22 million bbl of oil.

The four-year contract includes the provision of services for the refurbishment, repair, load test and recertification of rigging lofts and contents.

The OCT®SW was driven by market feedback from offshore oil and gas operators in relation to seawater service valves used for fire safety.

Norwegian based oil and gas solids solutions firm FourPhase is to install a sand management system for an offshore platform in the Gulf of Mexico for a trial period.

Brazil alone is expected to contribute around 18% or 1455 thousand bpd of global crude oil and condensate production from key offshore planned and announced projects (new-build projects) in 2025.