Offshore news

Azule Energy will be independently managed, with more than 200 000 boe/d of net oil and gas production and 2 billion boe of net resources.

The agreement covers IOG's equity gas from all of the Saturn Banks Phase 1 fields in the North Sea.

The extension to an existing maintenance and modifications frame agreement covers work on all installations offshore Norway operated by OKEA.

The loan will enable CGX to continue to finance part of its share of costs related to the Corentyne Block, the Berbice Deepwater Port, and other budgeted costs as agreed to with Frontera.

With the acquisition of Azinam, Eco Atlantic nows owns and operates a number of licences in Guyana, Namibia and South Africa.

Wildcat well 34/4-18 S, drilled about 7 km north-west of the Snorre field in the North Sea, was found to be dry with no trace of hydrocarbons.

McDermott's scope involved a tieback of a single in-field well to existing facilities, re-using existing flexible flowline, with a new umbilical and certain infrastructure.

AGR will progress the preparation and submission of necessary applications to the Australian National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA).

The contract with Bridge Petroleum adds to Fraser Well Management’s expanding well operator portfolio and is Fraser Integrity Management's debut pipeline operatorship appointment.

The transaction includes a 10% share of the Nova field and a total of 11 exploration licences.