Oil & gas news

The contract, which started in January 2021, has been awarded for three years and extends 80:20’s coverage to all of TEPUK’s North Sea assets.

The combined company will continue as Delmar Systems and as Vryhof.

The site survey is expected to commence at the end of July 2021 and be completed in 3Q21.

The company, founded in 2015, is believed to be close to appointing JP Morgan to explore a listing or sale to a rival.

The transaction has been made with EnVen Energy Ventures, LLC.

The funding facility, provided by Arbuthnot Commercial ABL, will deliver working capital to support anticipated growth as well as potential future acquisitions.

The contract scope includes engineering, fabrication, installation and pre-commissioning of 80 km of rigid risers and flowlines for the steel lazy wave production system, 60 km of flexible service lines, 50 km of umbilicals and associated infrastructure, as well as installation of FPSO mooring lines and hook-up.

Bahamas Petroleum has changed its name to Challenger Energy Group.

The drilling programme for well 16/1-34 S concerns the drilling of an appraisal well in production licence 167. Lundin Energy Norway AS is the operator with an ownership interest of 40%.

Finder Energy has acquired the UK North Sea P2502 and P2524 licences from Azinor Catalyst Ltd.