Offshore news

The engineering work is expected to begin immediately, and the contract will be reflected in McDermott's 2Q19 backlog.

The agreement covers Keathley Canyon blocks 642, 643, 686, and 687 and provides for the drilling of a delineation well at Repsol’s Leon discovery.

The five-year agreement aims to provide Pacific’s customers with better reliability and improved throughput enabling streaming video and real-time data.

“Through this transformational acquisition, Noreco will become the second largest oil and gas producer in Denmark and establish itself as a considerable exploration and production company in the North Sea,” said Riulf Rustad, Chairman of the Board of Noreco.

Paul Allan, who has more than 10-years’ experience in delivering naval architecture and marine warranty surveying (MWS) to the oil and gas industry, has been appointed to the position by the Scotland-based firm.

The collective depth of these wells is the equivalent of 25 times around the equator – or 2.5 times the distance to the moon.

The company is currently working on a revised Plan for Development and Operations, following scheduled feedback from Ghanaian authorities.

The agreement relates to gas sales from the Nam Du and U Minh gas fields in block 46/07 and block 51, respectively, offshore Southwest Vietnam.

Empyrean, Conrad Petroleum, and Coro Energy Plc have agreed the upcoming drilling programme in the Duyung PSC in the West Natuna basin, offshore Indonesia.

The company has elected to terminate the current farmout agreement.