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Offshore news

 

Vaalco signs binding letter of intent for FSO at Etame

According to Vaalco, compared to the current FPSO solution the Cap Diamant FSO will reduce storage and offloading costs at the Etame field offshore Gabon by almost 50%, as well as lower total operating costs by approximately 17% to 20% through to 2030.

 

Spirit Energy discovers more gas at North Sea field

The Grove North East development well (49/10a-G7) encountered carboniferous reservoir units at the target depth, with around 250 ft (gross) gas-bearing B & C sandstones present.

 
 
 
 

BW Energy makes discovery at Dussafu licence

The discovery of the Hibiscus North exploration well (DHBNM-1) in the Dussafu Block, offshore Gabon, will add to the gross discovered recoverable resource estimate for the block, which is currently estimated to be approximately 105 million barrels gross.