Offshore news

The Caofeidian 6-4 oilfield, located in the midwest of the Bohai sea, is expected to reach its peak production of approximately 15 000 bpd in 2023.

The economic impact analysis, from Oxford Economics, quantified the direct impact Neptune has on the UK, Norway, Germany and the Netherlands through its operations, the indirect impact generated through its supply chain and the induced impact due to spending by Neptune staff and suppliers’ staff.

Tullow Oil, Eco Atlantic and TOQAP will maintain control of the Orinduik Block licence offshore Guyana through to 13 January 2023 and until the second renewal period.

The acquisition comprises a controlling (60%) interest in the Q10-A offshore gas field together with interests in a suite of offshore exploration and production licences in the Dutch North Sea.

The reductions in flaring follow increased focus by the UK's Oil and Gas Authority, which started benchmarking performance in 2020 and now also publishes data every month.

The company has completed a top-hole batch drilling campaign for five wells for Sabah Shell Petroleum Company’s Malikai Phase 2 Project.

The seven-figure deal will see Sparrows’ Houston team deliver crane inspection, maintenance, testing and repair services at two onshore facilities and a platform in the Gulf of Mexico.

The campaign involves geophysical data collection, heat flow measurements, core sampling and onboard geochemical analyses, which aim to optimise future exploration activities offshore Suriname.

The installation of new technology will allow the centre in Aberdeen, UK, to enhances its service offering to the oil and gas sector.

Recoverable resources at exploration well 7220/7-4 in production licence 532 are so far estimated at between 5 and 8 million m3 of recoverable oil, corresponding to 31 – 50 million bbl of recoverable oil.