Offshore & subsea

The contract covers FEED work for offshore wellhead platforms, pipelines and cables associated with the North Field Expansion project.

Acreage is on offer in the Central North Sea, Northern North Sea, Southern North Sea and the West of Shetlands.

The Liatårnet exploration well has proved oil with a gross resource estimate of 80 - 200 million boe.

The 1123 million boe average monthly discovered volumes year-to-date reflect an approximate 35% uplift compared to the 827 million boe seen in 2018.

The contract includes the fabrication of over 165 000 t, consisting of six major topside platforms and jackets, 12 bridges and six bridge support platforms and jackets, as well as over 40 miles (70 km) of 36-in. oil export trunk lines and more than 55 miles (90 km) of 230kV composite subsea cables.

More than 90 companies and institutions were invited to bid on the packages, and 16 Saudi and international companies were chosen in the fields of engineering, supply and construction.

The assets are located in the eastern North Sea and are considered to be non-core by Total.

The company will provide MODEC with three 34-megawatt (MW) SGT-A35 gas turbine power generation packages for an FPSO vessel.

The survey, covering an 8 x 6.13 km grid, was conducted offshore Romania in the Black Sea at approximately 1000 m water depth.

Proserv's survey business unit will join Acteon’s existing UTEC Survey business.

The teaser relates to the sale of the company's entire working interest in the Peroá and Cangoá production fields and in the concession BM-ES-21 (Malombe discovery appraisal plan), located in the Espírito Santo Basin.

The offshore work includes marine operations for rock removal, installation and tie-in of subsea lines and installation of subsea structures at the Vigdis and Snorre offshore fields.

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.