Offshore news

After activity levels fell to only 240 subsea trees installed globally in 2017 – the lowest level since the turn of the century – Rystad Energy forecasts that over 350 subsea trees will be installed per year by 2021.

The Dutch offshore access provider has secured its first contract in Mexico, adding a new region to its global portfolio.

The Aberdeen based firm advises international oil companies to consult early with suppliers to prevent lead times lengthening.

The company has announced that drilling operations have commenced on well 20/05b-14 on UK Seaward Licence P2170, Blocks 20/5b & 21/1d using the semi-submersible rig West Phoenix.

The company, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, has announced that it encountered oil in the Pecan South-1A well offshore Ghana.

The company has, together with partners Petoro, ConocoPhillips and Repsol, made an oil discovery from the Visund A platform in the Telesto exploration well in the North Sea.

The Angolan government has introduced a series of reforms to the upstream sector over the past year, however the rebound of the deepwater sector in Africa’s second largest oil producer still needs time, according to GlobalData.

The company has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well.

Under the terms of the agreement, i-Tech Services will provide a Life of Field support vessel complete with work class and observation class ROVs, capable of performing inspection, survey, intervention, light subsea construction and emergency response services.

This award is a continuation to the FEED (front end engineering design) contract awarded in April 2018.