Offshore news

Wildcat well 30/6-31 S encountered poorly developed sandstones in the Intra Heather Formation with poor reservoir quality and no traces of petroleum.

The company has reduced its annual net production target and CAPEX for 2020.

OKEA has announced that its assets produced a total of 19 099 boe/d in 1Q20, compared to 19 498 boe/d in 1Q19.

Fugro will support Global Marine Group with the upgrading of the Normand Clipper.

Under the agreement, Sumitomo will have a 25% stake in the FPSO Anna Nery project, which was awarded to Yinson by Petrobras in October 2019.

The agreement has been signed with an unnamed European E&P company for licence P2478 in the Inner Moray Firth, UK.

Fenja is Neptune’s first operated development project on the Norwegian Shelf and is estimated to contain 97 million boe.

The current Covid-19 virus crisis has accelerated the need to reduce personnel on board (POB) on floating assets to a minimum.

Diamond intends to use the proceedings to restructure and strengthen its balance sheet and achieve a more sustainable debt profile.

Petrobras has extended its lease of the BW Cidade de São Vicente FPSO by 48 days.