Subsea news

Located on Murray Street, Perth, Aquaterra Energy’s new office in Australia’s oil and gas hub comes as the company continues to expand its presence in the Australasia region.

The development project is targeting 30 million boe of gas condensate reserves from two subsea production wells in the UK Central North Sea.

The new technology aims to achieve more efficient and environmentally friendly data collection.

EIVA will join the Sonardyne group of companies while remaining an independent business and brand.

‘Financing for Growth’ is a one-day conference taking place on 30 May 2019 at the Sandman Signature, Aberdeen, aimed at helping companies finance their growth ambitions.

Craig Roberts will be based in the company’s Perth office, in Australia.

The contract entails engineering, procurement, construction and installation of subsea risers and flowlines for the first phase of the Sepia field, offshore Rio de Janerio.

The study, targeting deepwater offshore and subsea well applications, is sponsored and funded by the Nippon Foundation - DeepStar Joint Ocean Innovation programme and supported by Chevron, Shell, Petrobras and Equinor.

In its first deployment, the Surface Intervention System (SIS) was mobilised off the coast of Tunisia to set two frac sleeves on two wells.

The company's management is aiming to increase sales of its subsea Flow Access Modules by a further 100% over the next two years in line with its international business plan.