Offshore news

Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, has announced that it has executed a transaction with Suncor Energy Norge AS for the sale of a 17.5% working interest in the Fenja development located in PL586 in the Norwegian Sea.

The blocks were awarded to the consortium of Total (operator, 40%), ENI (40%) and Novatek (20%) in the frame of the 1st offshore licensing round, launched by the Lebanese government in January 2017.

The contract includes the construction and installation of the topside structure for the floating production, storage and offloading vessel (FPSO) to be located on the Johan Castberg field in the Barents Sea.

The release of Searcher’s technical dataset comes in preparation for the highly-anticipated Argentina Offshore Bidding Round 1, which is expected to be announced later this year.

The three month project, which commenced in February 2018, will see TWMA provide an at source drilling waste management package at the Orlando Field in the UK northern North Sea.

Subsea engineering analysis consultancy, AgileTek, has won the Small Company of the Year Award at this year’s Subsea UK awards. Winners were announced at a prestigious awards ceremony Aberdeen.

Tekmar Energy Limited was named company of the year at Subsea UK’s annual awards last night while Richard Marsh was recognised for his outstanding contribution to the industry.

Enpro Subsea will support Tullow Oil’s plans in the Jubilee and TEN fields in Ghana.

The four-year contract is valued at about NOK 800 million and includes an option for a one year extension. 

The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for well 16/1-29 S, cf. Section 15 of the Resource Management Regulations.