Offshore news

The survey is taking place in the MSGBC Basin, with fast-track data available four months after acquisition.

Europa will be assigned a 75% interest in, and operatorship of the licence, located in the Agadir Basin.

Wood Mackenzie research director, Angus Rodger, said that he expects strong interest in the assets from Australian companies.

The work scope, valued at a seven figure sum, includes the inspection of infrastructure on five manned platforms and multiple unmanned satellite platforms.

Recoverable Utgard resources are estimated at around 40 million boe and daily production on plateau will be around 43 000 boe.

The contract saw Ashtead Technology provide its integrated Deflection Monitoring System (DMS) services and equipment to support the installation of eight Integrated Template Structures (ITS) in Equinor’s Askeladd and Johan Castberg fields.

The survey is in the the Salina del Istmo Basin in the Bay of Campeche and includes the recent Zama-1 discovery.

Recoverable resources in the Ørn exploration well are estimated at 8 – 14 million m3 of oil equivalent, corresponding to 50 – 88 million boe.

The Norwegian contractor, who demonstrated and implemented a best practice CMS covering operations on one of its North Sea assets, achieved the accreditation in under four months.

The agreement with Koru Energy is for a potential acquisition of up to a 50% relevant interest in the Knox and Lowry, and Whitbeck gas discoveries in the East Irish Sea.