Offshore news

Petróleo Brasileiro S.A.’s (Petrobras) liquids production is expected to grow to 2.7 million bpd by 2021.

Aker BP ASA, operator of production licence 790, has concluded the drilling of wildcat well 34/2-5 S. The well is dry.

MMT has extended its contract with Simon Møkster Shipping AS for the DP2 multipurpose support vessel Stril Explorer.

The Petroleum Safety Authority Norway have given Wellesley Petroleum (Wellesley) consent for exploration drilling of well 35/12-6 S in production licence 925 in the North Sea.

The company currently holds a 50% non-operated interest in the Icacos Field, via its subsidiary Leni Trinidad Limited ("LTL").

The award scope initially covers the refurbishment and upgrade of the existing subsea control system.

Managed Pressure Drilling (MPD) is an adaptive drilling process that allows greater control of the annular pressure profile throughout the wellbore.

The agreement between the two companies provides a mechanism to allow a transition of the contract to an Engineering, Procurement, Construction and Installation (EPCI) contract at a later stage.

Lundin Petroleum AB (Lundin Petroleum) has announced that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced drilling well 7220/11-5 on the Alta discovery in PL609 in the southern Barents Sea. Following drilling, the well will be used for extended well testing.

Noting a significant upturn in marine activity supporting the UKCS oil and gas sector, Aberdeen-based Seacroft Marine Consultants Limited has reported more than £500,000 in new contracts won in the first 3 months of 2018.