Offshore news

Petrofac has secured a two-year contract extension on Eni UK Limited’s Liverpool Bay Development, valued in the region of US$65 million.

With first oil scheduled for 2022, the Johan Castberg field in the Barents Sea has a production horizon of 30 years.

The Action Platform for Sustainable Ocean Business, which launched last week, is a three-year global programme designed to bring together business, civil society, the UN and governments to advance the ocean economy and sustainable development.

Following on from a period of significant investment for Montrose Port Authority, the funding feeds into the Port’s strategic growth plans which will allow larger cargo vessels to dock in Montrose.

Reliance Industries’ recent move to invite bids for provision of an FPSO for its MJ gas and condensate field stands as the latest example of deepwater projects that are fuelling a revival of activity in India, a Rystad Energy study reflects.

The discovery is currently estimated to contain 15 - 35 million bbls of recoverable oil equivalent.

The Veristar AIM3D software will be used to plan interventions, provide onboard contractors with detailed work instructions and to evaluate asset conditions.

Umbilicals International (UI) has opened its doors to a new manufacturing facility in Rosyth, heralding the move as purposeful and optimistic during tough market recovery.

The contract includes the engineering, procurement, construction, installation and commissioning (EPCIC) of the Pluto Water Handling Module.

After initial preparations, the actual installation job took only three hours and was achieved in one single lift.