Offshore news

The combined awards are valued at around US$60 million.

SM 71 F2 drilling ahead at 4895 ft MD after setting 10 3/4 in. surface casing at 3685 ft MD. Drilling is proceeding according to plan and the well will reach TD prior to the end of December.

The oil and gas industry has just 18 months to upgrade critical release hook systems on offshore lifeboats to meet new regulations imposed by the International Maritime Organisation (IMO) to improve safety at sea.

The transaction nearly triples Statoil’s production in Brazil, with attractive break-evens and potential for additional value creation for both parties through the application of Statoil’s expertise in improved oil recovery (IOR).

Aker BP has awarded Kvaerner a contract for delivery of the topside and steel jacket substructure for Valhall Flank West. This is the first project in the Wellhead Platform Alliance, which was established in the spring of 2017 between Aker BP, Kvaerner, ABB and Aker Solutions.

Project costs for subsea field reduced by more than 20%. Production in Norway to increase to more than 100 000 boe/d.

The Industry Technology Facilitator (ITF), in collaboration with Maersk Oil, Nexen, Shell, Siccar Point Energy, TechnipFMC and the Oil and Gas Technology Centre (OGTC), is leading a joint industry project (JIP) to investigate an alternative well foundation technology for subsea exploration and production wells.

Subsea 7 S.A. has announced the award of two contracts from alliance partner Aker BP in the Norwegian North Sea.

Atkins has been awarded a contract with Repsol Norge AS (RNAS) to provide structural front end engineering design (FEED) and detailed design services for the remediation of the Yme asset in the Norwegian Central North Sea following completion of Repsol’s project sanction.

The new licences provide further exploration potential around the Company’s Karish and Tanin development.