Offshore news

The semi-submersible crane vessel Sleipnir has successfully removed the 8100 mT Jotun-B jacket for Vår Energi.

The Luda 21-2/16-3 regional development is expected to reach its peak production of approximately 25 600 bpd in 2022.

Providence Resources is working with SpotOn Energy and members of a consortium to finalise the farm out work programme for Exploration Licence SEL1/11, which includes the Barryroe oil and gas field offshore Ireland.

The projects will commence in 3Q20 and are expected to be completed by 1Q21.

The acquisitions remain conditional on agreeing the terms of the refinancing of Premier’s existing credit facilities, equity funding and customary other approvals, including shareholder approval.

Lease Sale 256, originally scheduled for August 2020, will include approximately 14 755 unleased blocks – all of the available unleased areas in federal waters of the Gulf of Mexico.

The company is to resume drilling in the Barents Sea and the North Sea.

The project involved acquiring high-resolution geophysical and geotechnical data within the Stabroek block.

Petrobras has sold its interest in two onshore production fields in the Potiguar Basin and 10 shallow water fields that comprise the Pampo and Enchova Clusters.

In the short-term, Westwood expects FPS engineering, procurement and construction (EPC) contract awards to reach a total of just over US$5 billion in 2020 – a 59% decline from 2019’s ~US$13 billion.