Offshore news

Vår Energi is the largest independent exploration and production company on the Norwegian continental shelf, with a net production rate of more than 170 000 boe/d in 2018.

The contract will create two new roles (a customer support engineer and a technical advisor) and will also increase the service engineer team by 10%.

UTEC, a global surveying company in subsea services group Acteon, has been awarded a subcontract by McDermott International for a series of survey work scopes offshore eastern India.

The company has announced that drilling at Indico-1 well on the CPO-5 block has reached target depth of 10 604 ft measured depth and has encountered the targeted Lower Sands of the Une formation.

The company has announced that following receipt of necessary approvals, the sale of its interests in the Babbage Area to Verus Petroleum SNS Ltd has now completed.

Afoxé discovery is a further confirmation of the oil exploration potential still held in southern part of Block 15/06, previously considered mainly gas prone.

The company has signed an agreement to dispose of the FSO Belokamenka for recycling in compliance with the Hong Kong Convention.

The integrated business, 'Neptune Energy Norge', will be amongst the top five independent producers on the Norwegian Continental Shelf and will become the operator of the Fenja field development project in the Norwegian Sea.

Leading ROV and hydrographic survey company, Rovco, has been awarded further funding to develop the next stage of its integrated live 3D vision and artificial intelligence (AI) survey technology.

The Ministry of Petroleum and Energy has approved the plan for development and operation of the Troll Phase 3 development.