Offshore news

A report by the data and analytics company reveals that Guyana, Mauritania and Russia hosted the most significant finds of 2019.

The discovery in the Sureste Basin may contain between 200 and 300 million bbl of oil in place.

Mudlogging and LWD logging results from the Primary targets in the Tumbes Formation indicated that the Marina-1 well encountered thin water bearing sands with no oil and only minor gas shows.

The company is to transfer its entire working interest in the Block 115/09 production sharing contract, offshore Vietnam, to an unnamed major international oil and gas company.

The Petrobras-led Búzios Project will be recognised at this year's Offshore Technology Conference for the use of technological advancements in extreme conditions.

The company recorded revenue of US$2171 million in 2019.

Over half of respondents (57%) believe ‘duration of contract’ is the key motivation when they consider employment opportunities.

The company has completed subsea installation monitoring work to support the Northern Lights carbon capture storage (CCS) project in the North Sea.

The Bozhong 24-9 oilfield in the Bohai Sea is expected to reach its peak production of approximately 22 500 bpd in 2022.

The joint venture will be based in Baku, Azerbaijan, and will focus its business development and operations both on onshore and offshore Azerbaijan.