Offshore news

Drilling at Ken Bau-2X, located in Block 114, Song Hong Basin, offshore Vietnam, has confirmed a significant hydrocarbon accumulation on the Ken Bau discovery.

The renegotiated terms are due to the COVID-19 pandemic and the difficulty to address the previous conditions initially defined, according to Petrobras.

The three new FPSO units are part of an asset development plan for the Búzios field which envisages a total of 12 units installed by the end of the decade.

Lukoil has purchased Cairn Energy's 40% interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) Contract Area project.

ION will integrate and reimage approximately 24 000 km2 of MPME-held 3D data and can expand the scope to include 15 000 km of 2D data pending industry support.

The maintenance work started on 23 June and ended 20 July, two days ahead of schedule.

Gjøa P1 is on track to achieve first oil two months ahead of the original plan.

Yannis Bassias, former President & CEO at Hellenic Hydrocarbon Resources Management (HHRM), talks about exploration in the Mediterranean, changes in the gas market, ultra-deepwater drilling, and explains why Greece “is not a declared gas province yet”.

Saipem and Vår Energi have reached an agreement for the execution of 4 wells to be drilled in the Barents Sea and in the North Sea.

The fieldwork started in March and, while phase one marks completion of the geophysical scope, the geotechnical scope in phase two will run as planned until August this year.