The drilling programme for well 24/12-7 relates to the drilling of a wildcat well in production licence 1041.
The contract is for the engineering, procurement, construction and installation (EPCI) of end-to-end production solutions for the Sakarya gas field, Turkey’s largest gas reserve.
TechnipFMC originally acquired an interest in Magma, a provider of composite pipe technology, in 2018.
The exploration period for Block 5, as set out in the PSC, will last 6 years, with Staatsolie retaining the right to a 40% participation.
The survey comprises a 2-month 4D monitor survey in the Louro-Mostarda Development areas of Block 32.
The transaction includes Occidental’s interests in both the Jubilee and TEN fields, which combined had 2Q21 net production of 22 000 boe/d.
The potential Trefoil Project is a subsea development at the Trefoil gas field offshore Australia, with a tie-back to the Yolla Platform.
Valaris upgraded the vessel’s electrical system to secure the notation, which recognises sophisticated system design to improve reliability and enhance protection.