Offshore & subsea

The transaction will contribute to the optimisation of Maersk's fleet in line with the company's strategic priorities.

Production has started from the first two wells at the Roncador increased oil recovery (IOR) project, bringing daily production to approximately 150 000 barrels.

The drilling permit has been granted based upon the petroleum resource act paragraph 13.

Maersk Training is set to increase headcount across its UK sites as it looks to recruit new instructors due to industry demand.

The full development of Area 1 will include 33 wells connected to three wellhead platforms plus one monopod, in addition to the FPSO.

The contract extension has a duration of one year and is expected to commence in July 2023, in direct continuation of the rig’s current contract.

The company's production guidance for the full calendar year 2022 is 7500 - 8600 bpd.

Resources for the entire Cambozola prospect have been estimated at 159 million boe.

Earlier this month, IOG advised that it was pursuing a rapid solution to a mechanical fault on the Blythe topsides, which has has now been temporarily addressed.

A multidisciplinary Wood team will implement a combined production management system (PMS) and virtual metering system (VMS) at the Sangomar FPSO control room.

Production has begun flowing through the Murphy-operated King’s Quay floating production system.

EnerMech has won two contracts in Azerbaijan since entering a new JV with Oil & Gas Proserv, an affiliated company of Nobel Energy Group.

Hunting’s Direct Pull-Through installation methodology is intended to simplify installation and enhance safety during project execution.

UK-based oil and gas subsea equipment specialist Express Engineering has announced a six-figure investment in new precision welding equipment and capabilities as it expands its sector operations to support customers.

The Jade prospect has a GCA audited mean in place potential of 225 million bbl and a P10 in place upside of 395 million bbl.