Offshore news

The agreement covers all OKEA fields in the Norwegian Continental Shelf.

Otto Energy Limited provides the following update on field production and specifically well performance of the SM 71 F2 well at its South Marsh Island 71 project in the Gulf of Mexico.

CNOOC Limited has announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed a production sharing contract (PSC) with Roc Oil (Bohai) Company (Roc Oil) and Smart Oil Investment Ltd. (Smart Oil) for Weizhou 10-3W oilfield and Block 22/04 (contract area) in the South China Sea.

Equinor is to acquire Barra Energia’s 10% interest in the BM-S-8 licence in Brazil’s Santos basin.

The DAV MX™ CircSub is a dart activated downhole bypass tool from Churchill Drilling Tools.

Al Yasat Company for Petroleum Operations (Al Yasat), a subsidiary of the Abu Dhabi National Oil Company (ADNOC) has awarded the Engineering, Procurement and Construction (EPC) contract, for the full development of the offshore Bu Haseer field, to Abu Dhabi’s National Petroleum Construction Company (NPCC).

MODEC, Inc. has announced that its subsidiary, MODEC International Inc., has been awarded a contract by ConocoPhillips Australia, as operator of the Barossa joint venture, for the Front End Engineering Design (FEED) of a Floating Production Storage and Offloading (FPSO) vessel for Australian waters.

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 6307/1-1 S, cf. Section 15 of the Resource Management Regulations.

Following FEED and subject to requisite government approvals, project sanction and an authorisation to proceed with the next phase, SBM Offshore will construct, install and then lease and operate the FPSO for a period of up to 2 years.

The capital expenditures for the project are estimated at NOK 7.8 billion, helping extend the productive life of the Troll field beyond 2050.