Offshore news

With just 48% of floating rigs under contract presently and more scrapping needed to increase floater utilisation above 70 percent, it’s too soon to be bullish on outlook.

The spudding of the Zama-2 well marks the commencement of the Zama discovery appraisal programme, which will consist of three reservoir penetrations, including two wells and one sidetrack.

The company has announced that the contract for the Noble Tom Prosser jack-up drilling rig has been secured.

The finalists have been announced for next year’s Subsea UK awards, which recognise the companies and individuals who are leading the way in the UK’s £7.5 billion subsea sector.

The company announced that it made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion boe.

The company has closed the previously announced strategic deepwater Gulf of Mexico joint venture with Petrobras America Inc., a subsidiary of Petrobras.

Serica Energy plc has announced the completion of the acquisition of interests in the Bruce, Keith and Rhum fields and associated infrastructure in the UK North Sea from BP by Serica Energy (UK) Limited.

Under the terms of the three-year agreement, Petrofac’s Condition Monitoring team will provide onshore and offshore vibration analyses, and support TAQA in equipment troubleshooting and monitoring for its North Sea assets.

The company has announced that it has completed the acquisition of the remaining 75% interest in the Magnus oil field, an additional 9% interest in the Sullom Voe Oil terminal and supply facility and additional interests in associated infrastructure from BP as planned.

The Petroleum Safety Authority has granted the company consent to drill on the Bøyla field.