Offshore news

The work for Santos included geophysical and geotechnical surveys, consisting of multiple Cone Penetration Testing (CPT) and borehole locations up to 100 m.

The loss includes impairment charges totalling US$567.1 million in respect of the Lancaster field, West of Shetland, and the company’s exploration assets and an associated deferred tax write-off of US$54.2 million.

Serica Energy said the well requires sand screens to be installed to prevent fine particles being produced – difficulties were encountered while running the screens and it was ultimately not possible to install them.

UK Energy Minister Anne-Marie Trevelyan also backed Subsea UK's plans for a Global Underwater Hub while speaking at Subsea Live.

The National Petroleum Construction Co. has been awarded a contract to deliver engineering, procurement, construction, and commissioning activities for the offshore facilities required to enable full production capacity of 45 000 bpd of light crude.

The programme comprises three production wells and will develop additional natural gas and liquids reserves, extending the life of the Bayu-Undan field as well as production from the offshore facilities and the Darwin LNG plant.

The contract is with a wholly-owned subsidiary of the BW Offshore group.

BP currently holds a 27.5% non-operated interest in the Shearwater condensate and gas field, operated by Shell, in the UK Central North Sea.

The contract, which started in January 2021, has been awarded for three years and extends 80:20’s coverage to all of TEPUK’s North Sea assets.

The combined company will continue as Delmar Systems and as Vryhof.