Offshore & subsea

Norway spent US$18 billion in 2017 on offshore developments, with the US and Mozambique also making significant contributions.

The seismic acquisition over Otakikpo is expected to commence in Q1 2018 to kick-off phase two development of Otakikpo. All relevant permits are currently being pursued prior to commencing mobilisation.

Polarcus has extended the agreement with TGS for an additional year.

The contract, which was signed December 2017, is expected to commence in February 2018 and covers development drilling on the Jubilee and TEN fields offshore Ghana.

The move is a response to increasing demands for ship-to-ship transfers to support Brazil’s soaring oil exports.

Trelleborg is the first company to win the Oil and Gas Engineering Product of the Year Gold Award for its newly developed Standardized Buoyancy Module.

The collaboration between the two companies saw them identify and map oil seepage off the coast of California.

The company has surpassed 1500 days, more than four years, without a lost time injury at any of its global operations and offices, fabrication sites, warehouses and workshops.

The project will comprise acquisition of a 10 000 km 2D long-offset broadband multiclient seismic survey. Advanced new acquisition and imaging techniques will provide better illumination of complex subsalt structures.

The Snorre Expansion contract covers the delivery of subsea production systems and includes 6 subsea templates and subsea production equipment.

Beryl, an already discovered but undeveloped gas field, lies in the shallower zone in the same location as the underlying Helang Gas Field (“Helang”) and Layang Oil and Gas Field (“Layang”) in Block SK10, Offshore Sarawak.

SBM Offshore has announced that on December 19, 2017 it completed the project financing of FPSO Liza for a total of US$720 million.

Global Offshore will focus the staff, vessels and subsea equipment needed to meet the demands of oil & gas companies operating around the world.

ROVOP Limited, an independent operator of underwater remotely operated vehicles (ROVs), is to immediately increase its fleet by 50% to meet ongoing customer demand following a funding boost of £56 million.

Repsol has submitted a new Plan for Development and Operation (PDO) for the Yme field in the North Sea. More eight billion kroner will be invested in the development. The planned start-up is 2020.