Gulf of Mexico upstream news
Covid-19 and low oil prices could cancel over half of 2020’s licensing rounds globally, predicts Rystad Energy
New licensed offshore acreage is likely to fall by about 60% and onshore acreage by 30% compared with 2019 levels, according to Rystad Energy.
Chevron awards Subsea 7 Anchor field contract
Subsea 7 will provide subsea installation services at the Anchor field in the Green Canyon area of the Gulf of Mexico.
Oil discovery made in US Gulf of Mexico
The Monument exploration well found approximately 200 ft (c. 60 m) of net oil pay with good reservoir characteristics in Paleogene sandstone.
BHP awards McDermott contract for Trion FPU pre-FEED design
The pre-FEED scope includes engineering tasks related to the configuration, sizing and preliminary analysis of the FPU, including topsides, hull, risers and mooring.
Magseis Fairfield awarded Gulf of Mexico OBN contract
The project in the Mexican sector of the Gulf of Mexico is scheduled to commence in 3Q20 and will take approximately 60 days.
Aker Solutions secures umbilicals order from Chevron
The contract includes work for the Anchor project in the US Gulf of Mexico.
Tracerco awarded deepwater subsea inspection project
The Gulf of Mexico operator will deploy DiscoveryTM, Tracerco’s Subsea CT Scanner, to obtain critical baseline integrity data on the new pipeline system.
Gulf of Mexico lease sale generates US$93 million in high bids
A total of 22 companies participated in Lease Sale 254, submitting US$108 587 185 in total bids.
Weatherford works with IOC to save rig days and money in Gulf of Mexico operation
By sidetracking from a collapsed expandable liner, the re-entry operation eliminated the time and cost associated with re-drilling and re-casing a 3000-ft hole.
BW Offshore leases BW Pioneer FPSO for Gulf of Mexico work
BW Offshore has signed a five-year contract for the lease and operation of the BW Pioneer FPSO on the Cascade and Chinook fields on behalf of MP Gulf of Mexico.