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Offshore news

 
 

Statoil: Trestakk approved

Norwegian authorities have approved the PDO of the Trestakk discovery on the Halten Bank in the Norwegian Sea. Investments are calculated at NOK 5.5 billion, almost half of the original estimate.

 
 

BP to sell Forties Pipeline System to INEOS

BP has announced it has agreed to sell its Forties Pipeline System (FPS) business, with assets including the main Forties offshore and onshore pipelines and other associated pipeline interests and facilities, to INEOS.

 
 

FAR signs strategic AMI Agreement with CNOOC UK Limited

The AMI provides FAR and CNOOC UK with agreed arrangements to partner in evaluating, bidding, negotiating and managing joint ventures on farm-in and open acreage opportunities for oil and gas licences. The AMI agreement period is for two years.