Offshore news

With the successful Serenity discovery and remaining potential at Liberator, the company has begun planning a mid-2020, multi-well appraisal programme and is simultaneously conducting a farm-down process of its licences to potentially fund the 2020 drilling campaign.

While net pay was lower than pre-drill forecasts, the company has said that the 27 degree API oil supports the significant potential of the Cretaceous play on both the Kanuku and adjacent Orinduik licences.

The work is expected to commence in early January 2020 and will continue through most of 1Q20.

CGG has agreed to transfer its 40% shareholding in Seabed Geosolutions to Fugro before the end of 1Q20.

Under the terms of the agreement, Apache and Total will each hold a 50% working interest in Block 58, which comprises approximately 1.4 million acres in water depths ranging from less than 100 m to more than 2100 m.

The acquisition includes acreage in the 1.2 million North Marakia Offshore block, which is located approximately five miles offshore Egypt’s northern coast in the Herodotus basin.

The Leviathan field was discovered in 2010, and the initial development phase was sanctioned in 2017.

Marine services company Malin Group has appointed oil and gas expert Alan Hunter in a new business development role.

EM&I has used its NoMan remote camera technology for inspections of difficult to access to areas, including on an FPSO in New Zealand.

From Malaysia and Singapore to new frontiers like Myanmar, firms are looking for ways to reach first gas efficiently and cost-effectively in the face of significant challenges. Stewart Maxwell, Aquaterra Energy, looks at the fundamental issues facing these potential operators, and asks whether new ways of thinking about offshore platform design can increase the number of viable projects in the region.