Offshore news

The offshore work includes marine operations for rock removal, installation and tie-in of subsea lines and installation of subsea structures at the Vigdis and Snorre offshore fields.

The Abay block is located in the northern part of the Kazakhstan sector of the Caspian Sea, approximately 50 km from the coast, and is estimated to have significant potential for hydrocarbon resources.

The contract is for the the Shelf Drilling Scepter jack-up rig, and is expected to run from 1Q20 to 2Q22.

Equinor is to divest a 16% shareholding in Lundin Petroleum for a direct interest of 2.56% in the Johan Sverdrup field and a cash consideration of approximately US$650 million.

Eco and its partners on the Orinduik Block, Tullow Guyana B.V. (Operator, 60% Working Interest (WI)) and Total E&P Guyana B.V. (25% WI), estimate the well will take up to 40 days to drill.

Africa Oil will acquire a 20% participating interest and operatorship in the Exploration Right for Block 3B/4B, offshore South Africa.

The contract is for six high-pressure high-temperature exploration wells on two jack-up rigs in the Arabian Gulf.

The license refers to Block WB03, located in the medium deep waters of the Tano Basin offshore Ghana.

The acquisition is set to expand Energean’s operations in the eastern Mediterranean gas hub, where Edison has a significant presence in Egypt’s rapidly-growing offshore basin.

Recoverable resources are estimated at 22 million bbl of oil.