Offshore news

The contract with an unnamed UK oil and gas operator, worth an annual six figure sum, has two additional one-year extension options.

The deal will see the Blackford Dolphin rig utilised in Mexico for the duration of the work, which is expected to last around 15 months.

Film-Ocean has recently invested a six-figure sum in the design and manufacture of its latest compact ROV launch and recovery system (LARS).  

Turkey has discovered its biggest ever natural gas field, holding 320 billion m3 (11.3 trillion ft3) in the Black Sea.

As a result, FAR’s stake in the Sangomar Exploitation Area decreases from 15% to 13.67%.

Valaris has reached an agreement with approximately 50% of its noteholders on a prearranged plan that would reduce debt by more than US$6.5 billion.

In direct continuation of its previously announced work scope, the Maersk Integrator rig will move to the Ula field offshore Norway in April 2021 to drill the Ula F – Producer 1 well.

The contract covers engineering, procurement, construction, installation and pre-commissioning of the infield rigid riser and flowlines for production, including the water alternate gas wells.

Ampelmann will provide two of its latest version L-type offshore access systems to Brunei Shell Petroleum.

Average OPEX per barrel of oil equivalent for deepwater production in the region has more than halved since 2013, from roughly US$26 to US$12.70 in 2020, a Rystad Energy report shows.