Offshore & subsea

The base value of the three-year contract amounts to US$40 million with an option to extend.

The agreement, valid for 6 years, covers engineering, procurement, fabrication, transportation and installation of offshore facilities for the development of Saudi Aramco’s offshore projects.

The contract will be performed over an approximately two-year period, with warranty and logistic support continuing for an additional 10 years.

The Aberdeen-based firm is investing in the region of £36 million in the trio of new builds, which will come into service by the end of 2020.

The company has announced updates on changes of the contract for the 3D survey in South America announced November 14, 2018.

The Stena Carron drillship is drilling the well, which is located 19 miles (31 km) east of the Pluma-1 discovery in the southeast Stabroek Block.

The recently launched XLe Spirit is the first observation-class ROV to utilise Forum’s Integrated Control Engine (ICE™) to bring greater functionality commonly only found in larger work-class vehicles.

Mike McNally has more than 25 years’ experience working in the industry both at sea and in senior maritime communications management positions.

The company has announced that as a safety precaution, it has temporarily shut in oil production at the Wassana field in the G10/48 licence in the Gulf of Thailand and halted drilling of infill development wells by the Mist jack-up rig.

The company has entered into an agreement to acquire 70% and operatorship of the Oooguruk oilfield in Alaska from Caelus Natural Resources Alaska LLC.

The company has announced the completion of works required for the restart of production from the Montara oilfield, following an extensive maintenance and inspection shutdown.

The company has relinquished operatorship and participation in Oman Block 8 to the Sultanate of Oman's Ministry of Oil and Gas and state-owned Oman Oil Company Exploration and Production LLC.

Equinor has awarded Aibel the EPC contract for the final bridge on the Johan Sverdrup field.

The company has together with license partner Equinor completed an appraisal in PL 229 in the Barents Sea through the successful drilling of the 7122/7-7 S Goliat West appraisal well.

The company has announced the results of the Brasse East exploration well 31/7-3 S and the Brasse appraisal sidetrack 31/7-3 A in the northern North Sea.