Offshore news

Planned 2020 CAPEX on the company's UK producing assets is expected to be below US$45 million, reduced from the original forecast of US$65 million.

The ARO-2003 (SAR201) jack-up rig has been repaired and overhauled for ARO Drilling.

The Framo TransRec system is designed to handle any oil spill, whether it occurs in the process of oil production or as the result of a vessel-related incident.

The first uncrewed surface vessels (USVs) will be launched before the end of this year, and a larger USV model is being designed for delivery in 2021.

The company, which had planned to lift capital spending to US$13.37 billion this year, is still discussing the scale of the cuts.

The well was brought onto production on 21 March 2020 at an initial flow rate of approximately 2200 gross bpd.

Searcher, in collaboration with Discover Geoscience, is offering an open-file seismic package to assist in the evaluation of the country’s second petroleum licensing round.

Woodside, Cairn Energy Plc, FAR Ltd and the Senegal government just began development of the offshore oil project, following final investment decisions in January.

The company's total net oil and gas production in 2019 amounted to 506.5 million boe, exceeding 500 million boe for the first time.

Unique Group will represent OTAQ Offshore's technology and products across the Middle East, APAC and the Americas.