Offshore news

Hydrocarbons were encountered at the Isabella exploration well, with 64 m net pay encountered, consisting of lean gas and condensate and high-quality light oil.

The Kenli 6-1 discovery is expected to be the first large-sized oilfield in the Laibei lower uplift.

Carnarvon Petroleum and Santos, the operator of the offshore Dorado field, are working on entering the FEED phase.

A review of 66 projects on the Norwegian continental shelf (NCS) between 2007– 2018 has revealed that most have kept their estimated costs.

An XArray™ marine seismic acquisition project due to be carried out in the Asia Pacific region has been cancelled.

The company's separation into TechnipFMC and Technip Energies has been delayed by the Covid-19 pandemic, the sharp decline in commodity prices, and the heightened volatility in global equity markets.

Activity reductions are planned in the Permian Basin, Egypt and the North Sea.

A surge in offshore well intervention activity over recent years is helping the North Sea develop into a global centre of excellence for innovative oilfield services.

A significant portion of the acreage available in 1Q20 is located in either deep or ultra-deep water, up from the previous quarter, according to GlobalData.

Worley will provide engineering, procurement and construction services to support production operations on the Chirag platform in the Caspian Sea.