Offshore news

The company, and partners ENI and Petoro, have completed the Skruis exploration well in the Johan Castberg licence. The well confirms a volume of 12-25 million recoverable bbls.

The company has announced that its 100% subsidiary Cue Exploration Pty Ltd, has executed an agreement with BP, Beach Energy Limited and New Zealand Oil & Gas.

The company will provide Qatargas with underwater inspection, geotechnical and geophysical services for its offshore operations in Qatar under a new 5-year call off contract.

The Norwegian company has reported adjusted earnings of US$2 billion after tax in 3Q18, and reduced its net debt ratio by 1.5% to 25.7%.

Total company revenue was US$3 143.8 million, while net income was US$136.9 million, or US$0.30 per diluted share.

Interior’s Bureau of Ocean Energy Management (BOEM) issued conditional approval to Hilcorp Alaska LLC for its Liberty Project oil and gas development and production plan.

The company has announced that the Greater Western Flank Phase 2 (GWF-2) Project off the north-west coast of Australia has commenced gas production.

The award will see the firm continuing to support all of the operator’s North Sea facilities, including the Lomond, Everest and Armada installations.

The company received a notification of award for orders valued at more than NOK 1.7 billion from the China National Offshore Oil Corporation to provide the subsea production system and umbilicals for the Lingshui 17-2 gas field.

The Samo-1 well will be drilled in 1000 m of water depth to a planned depth of approximately 3100 m.