Offshore news

Revenue was up on 2016 by 23% at £278 million, with profit of £0.8 million, down £0.2 million on 2016.

Wellhead fatigue mitigation system now available for improving safety and fatigue life offshore Norway.

The contract is extended through October 2021 and includes a blend and extend modification to the previous contract dayrate, effective September 2018.

BV Solutions M&O has been launched to provide technical advisory, asset management and assurance services to the marine and offshore sectors.

The company has strengthened its underwater inspection and maintenance capability with the provision of new mini ROVs for performing subsea operations in challenging environments.

The company has announced that the Ocean Rig Poseidon, a sixth generation deepwater drillship, has commenced its mobilisation.

The well was drilled about 105 km west of the 7324/8-1 (Wisting) oil discovery in the Barents Sea and about 350 km northwest of Hammerfest.

The production start-up of the Umm Lulu and SARB (Satah Al Razboot) fields shows an initial capacity of 50 000 bpd.

The two-well contract is expected to commence in late 2018.

A milestone was achieved in the large-scale investment in the new test facility at Trelleborg’s offshore operation in Skelmersdale, England, as the first of two vessels arrived on site.