Offshore news

The total consideration for the equity ownership, excluding associated non-recourse project debt, is approximately US$150 million.

Maersk Viking will be employed by the POSCO International Corporation, a Korean operator, for a three-well campaign offshore Myanmar.

The marketing agreement is for a term of up to 5 years and provides Karoon with access to Shell West’s global marketing and shipping platform.

TechnipFMC will design, manufacture, deliver and install subsea equipment including subsea production system, flexible flowlines and umbilicals for the development of the Pyxis and Xena fields, located offshore North West Australia.

The company recently received two prizes at the Energy Industries Council (EIC) national awards and was awarded the ‘Inspiration from Innovation’ gong at the Northern Star Business Awards.

The INSITE Programme between offshore industries and researchers is designed to give marine scientists access to valuable industry-acquired ecological data.

The FPSO will be designed to produce 220 000 bpd of oil, will have associated gas treatment capacity of 400 million ft3/d and water injection capacity of 250 000 bpd.

The well in the UK Southern Gas Basin was targeting 220 billion ft3 of P50 gross resource, in an undrilled area 4 km east of the 500 billion ft3 Tolmount gas field.

The company provides EPC services to the oil, gas and energy industries including engineering and maintenance of North Sea platforms from concept through to decommissioning.

The total number of registrants is a record for bids in the production sharing regime, surpassing the 16 qualified for the 4th Production Sharing Round, held last year.