Offshore news

The government of South Africa has approved Africa Oil Corp's acquisition of a 20% participating interest in the Block 3B/4B Exploration Right from Azinam Ltd. by its wholly-owned subsidiary, Africa Oil SA Corp.

The results of the surveys in the Ceiba and Okume fields are due to become available in 4Q20.

The surveys will obtain critical seabed and sub-seabed information to facilitate the planning and emplacement of the Pecan subsea infrastructure and the FPSO ship.

Hurricane is planning an accelerated Lancaster Area work programme, focussed on drilling an additional production well on Lancaster in 2020.

The launch of Armada will initially add fifteen bespoke designed marine robots to Ocean Infinity’s current fleet of autonomous underwater vehicles.

The company has also appointed Chris Forde as its regional vice-president for Asia-Pacific.

The Thailand-based company intends to utilise the subsidiary as a vehicle to expand the provision of its subsea and related services into the UK North Sea.

Following the agreement, Shell will assume the operation of the Fuerte Sur, Purple Angel and COL-5 blocks.

The company recorded underlying EBITDA of £8.8 million in 2019 (FY18 £8.7 million) after £1.1 million OPEX investment in global operations.

Grupo R is to lease the La Muralla IV platform for Shell to operate in the deepwaters of the Gulf of Mexico.