Offshore news

Gabon’s Directorate General of Hydrocarbons and PGS have expanded the Gabon MegaSurvey coverage, significantly increasing access to 3D seismic over the 35 blocks on offer as part of the country's offshore licensing round.

The company will provide its continuous environmental compliance and drilling performance management services on both projects.

Global spending is forecasted to reach US$383 billion this year, the lowest level in 15 years and a 29% decrease of US$156 billion compared to 2019.

The company is selling its 6.45% interest in the Kvitebjorn field and pipeline and its 3.225% interest in the Valemon Unit and Valemon Rich Gas Pipeline, according to a document seen by Reuters.

The move provides the company with a new workshop, storage yard, training facilities, and office to deliver its International Organization for Standardization (ISO) certified services in-country.

The Qinhuangdao 33-1S oilfield phase I project is expected to reach its peak production of approximately 6000 bpd of crude oil in 2021.

ConocoPhillips Australia now holds an 80% interest in T/49P in the offshore Otway Basin.

The company has been certified for ISO50001 by ERM CVS.

Europa plans to include FEL 3/19 in a relaunch of the farm-out of its strategic position in the Slyne Basin.

Equinor is the operator of the Krafla licence and Aker BP is the operator of the North of Alvheim and Fulla licences.