Offshore & subsea

The company has entered into an agreement to acquire 70% of the Maromba field offshore Brazil for a total acquisition cost of US$90 million from Petrobras.

The Colter well (98/11a-6) was drilled as a vertical well with the Ensco-72 jack-up rig and reached a total depth of 1870 m MD in the Sherwood Sandstone.

The result is in line with PTTEP’s expectation and will be incorporated into development planning of Cash-Maple field which contains 3.5 trillion ft3 of resources.

BP and Enpro Subsea have announces the execution of a global frame agreement aimed at providing an enhanced subsea architecture and smart standardisation using Enpro’s patented Flow Access Module (FAM) technology.

Norway is expected to spend the highest new-build CAPEX of US$21.2 billion on the development of the planned and announced projects, among the countries in the North Sea, during the period 2019 - 2025.

Byron has closed the previously announced acquisition of the South Marsh Island 58 (‘SM58’) lease block including the SM58 #E1 producing wellbore and the SM69 E platform and flowlines.

Each contract is for engineering studies and includes an option for Woodside to proceed to the execute phase with an engineering, procurement, construction and installation (EPCI) contract.

Political and economic instability may affect Lebanon’s second offshore licensing round, according to GlobalData.

Magma sought to further improve the thermal insulation properties of m-pipe in order to maintain flow temperature for a number of current projects. Shawcor’s Thermotite® ULTRA™ was identified as having the required thermal insulation to achieve this.

The system, Sonardyne’s wide-area Sentry Integrity Monitoring Sonar (IMS), has been deployed on the seafloor at more than 2000 m (6500 ft) water depth.

The Norwegian Petroleum Directorate is giving a green light to using the C platform on the Gullfaks field in the North Sea until 30 June 2036.

Following the recent news that ExxonMobil Corp has discovered a significant gas field offshore Cyprus via the Glaucus-1 exploration well, Daniel Rogers, Upstream Oil & Gas Analyst at GlobalData,offers his insight on the matter.

After activity levels fell to only 240 subsea trees installed globally in 2017 – the lowest level since the turn of the century – Rystad Energy forecasts that over 350 subsea trees will be installed per year by 2021.

The Dutch offshore access provider has secured its first contract in Mexico, adding a new region to its global portfolio.

The company has announced that drilling operations have commenced on well 20/05b-14 on UK Seaward Licence P2170, Blocks 20/5b & 21/1d using the semi-submersible rig West Phoenix.