Offshore & subsea

Eigen has rolled out a new safety barrier management solution for the Lundin operated Edvard Greig platform.

The presence of gas clouds has been used as an effective exploration tool in prolific basins worldwide, contributing to the discovery of significant amounts of oil.

The company recorded revenue of US$147.2 million and Adjusted EBITDA of US$49.4 million in 1Q19.

Talon now holds 100% interests in EnCounter’s exploration licences in the UK North Sea.

The contract entails engineering, procurement, construction and installation of subsea risers and flowlines for the first phase of the Sepia field, offshore Rio de Janerio.

The study, targeting deepwater offshore and subsea well applications, is sponsored and funded by the Nippon Foundation - DeepStar Joint Ocean Innovation programme and supported by Chevron, Shell, Petrobras and Equinor.

The new discovery, in Block 15/06, is estimated to contain up to 250 million bbls of light oil in place.

In its first deployment, the Surface Intervention System (SIS) was mobilised off the coast of Tunisia to set two frac sleeves on two wells.

Equinor, the operator of the field located in the Norwegian Sea, estimates recoverable volume to be 67 million bbls of oil and 1.4 billion m3 of gas.

The company’s share will increase from 23.55% to 46%.

Aqualis ASA has entered into an agreement to acquire the Offshore, Adjusting and Marine business lines from Braemar Shipping Services Plc.

The company’s latest research reveals the top five companies with the greatest ABEX exposure from producing fields in the UK.

With the ability to withstand high temperatures without shrinking, melting and no drip-off, RADOX provides an extended temperature range for both hot and cold applications.

The Lancaster field, offshore the West of Shetlands area, is Hurricane’s most appraised asset, with five wells drilled by the company to date.

SBM Offshore will construct, install and thereafter lease and operate for up to two years the Liza Unity FPSO.