Offshore news

The FPSO is currently operating in the OCTP Block, offshore Ghana, and is chartered to Eni.

The Papa-terra field in the Campos Basin is operated by Petrobras, with Chevron holding the other interest.

Beach Energy and Diamond Offshore are engaging in discussions with regard to the future operations of the Ocean Onyx rig and the Victorian Otway Basin offshore drilling campaign, with a view to agreeing a new contract in due course.

The project will cover both frontier and mature areas where new broadband seismic is needed to enable the interpretation of the internal reflectors of the main Brent Group reservoir level.

BG International, a subsidiary of Shell, and Aker BP have terminated contracts for the Maersk Developer and the Maersk Reacher respectively.

Nine seismic surveys have been carried out on the Troll field by Equinor and other licensees, with the most recent one completed last summer.

The company has been granted patents for its diverless under water inspection in lieu of drydocking (UWILD) and valve inspection and repair technology in the UK and Australia.

Oil production in March was 4.4% lower than the NPD’s forecast, due to technical problems at some fields.

The interests include a 9.57% stake in the Azeri-Chirag-Gunashli oilfield, and an effective 8.9% stake in the Baku-Tbilisi-Ceyhan pipeline that transports crude to the Mediterranean port of Ceyhan.

New licensed offshore acreage is likely to fall by about 60% and onshore acreage by 30% compared with 2019 levels, according to Rystad Energy.