Offshore & subsea

The company, and partners ENI and Petoro, have completed the Skruis exploration well in the Johan Castberg licence. The well confirms a volume of 12-25 million recoverable bbls.

The company has announced that its 100% subsidiary Cue Exploration Pty Ltd, has executed an agreement with BP, Beach Energy Limited and New Zealand Oil & Gas.

The company will provide Qatargas with underwater inspection, geotechnical and geophysical services for its offshore operations in Qatar under a new 5-year call off contract.

The Norwegian company has reported adjusted earnings of US$2 billion after tax in 3Q18, and reduced its net debt ratio by 1.5% to 25.7%.

Total company revenue was US$3 143.8 million, while net income was US$136.9 million, or US$0.30 per diluted share.

Interior’s Bureau of Ocean Energy Management (BOEM) issued conditional approval to Hilcorp Alaska LLC for its Liberty Project oil and gas development and production plan.

The company has announced that the Greater Western Flank Phase 2 (GWF-2) Project off the north-west coast of Australia has commenced gas production.

The company has expanded its ROV and hydrographic survey capabilities with the addition of a Saab Seaeye Falcon DR ROV to its fleet.

The award will see the firm continuing to support all of the operator’s North Sea facilities, including the Lomond, Everest and Armada installations.

The company received a notification of award for orders valued at more than NOK 1.7 billion from the China National Offshore Oil Corporation to provide the subsea production system and umbilicals for the Lingshui 17-2 gas field.

The Samo-1 well will be drilled in 1000 m of water depth to a planned depth of approximately 3100 m.

The company has announced that its deepwater drillship the Pacific Bora has been awarded a contract by Nigerian Agip Exploration Limited (a subsidiary of Eni SpA) for drilling operations in Nigeria.

The company has been awarded a contract by an affiliate of ExxonMobil Corporation for the engineering of the subsea system for the proposed Liza Phase 2 project.

Following over a year of development, BiSN’s award-winning Wel-lok M2M technology was deployed via E-line in collaboration with Altus Intervention in AkerBP’s Valhall A-30 well in the Norwegian North Sea.

Rowan Norway Limited has been awarded a contract for drilling two wells at the Gudrun field by use of the Rowan Stavanger jack-up rig. The rig has furthermore been awarded five options for drilling of single wells.