“Through this transformational acquisition, Noreco will become the second largest oil and gas producer in Denmark and establish itself as a considerable exploration and production company in the North Sea,” said Riulf Rustad, Chairman of the Board of Noreco.
Interventek aims to complete the project, valued at a six-figure sum, and deliver a function tested prototype by the end of 2019.
Paul Allan, who has more than 10-years’ experience in delivering naval architecture and marine warranty surveying (MWS) to the oil and gas industry, has been appointed to the position by the Scotland-based firm.
The collective depth of these wells is the equivalent of 25 times around the equator – or 2.5 times the distance to the moon.
Delek said it believed that if a deal is reached, it could be completed this year and would be financed through bank loans and its own resources.
The company is currently working on a revised Plan for Development and Operations, following scheduled feedback from Ghanaian authorities.
The agreement relates to gas sales from the Nam Du and U Minh gas fields in block 46/07 and block 51, respectively, offshore Southwest Vietnam.
Empyrean, Conrad Petroleum, and Coro Energy Plc have agreed the upcoming drilling programme in the Duyung PSC in the West Natuna basin, offshore Indonesia.
The public inquiry will commence on 5 November 2019 with the hearing expected to last up to six days.
The company has elected to terminate the current farmout agreement.
ENSCO 123 is the ninth harsh environment jackup built and successfully delivered by Keppel to EnscoRowan.
This latest transaction is the fourth deal completed by Ashtead Technology since the business was acquired by Buckthorn Partners and APICORP in April 2016.
Agreements signed with the government of Namibia and NAMCOR will add approximately 7 million net acres to the company’s exploration acreage.
Sparrows Group has reinforced its leading position in the North Sea following contract renewals worth an estimated £30 million in revenue in the first quarter of 2019.
The company will acquire the Havyard 832 PSV vessel Olympus through its subsidiary Wanax AS.