Upstream news

CGG has closed its strategic partnership transaction for marine seismic acquisition services with Shearwater GeoServices Holding AS (Shearwater).

Both contracts are now firm until the end of December 2020 and will commence in direct continuation of the current contracts.

The one-month survey will cover parts of block A5 offshore Gambia in the rapidly emerging and prolific Mauritania, Senegal, Gambia, Guinea-Bissau, Conakry (MSGBC) Basin.

These petrophysical interpretations, derived from well log and core analysis relationships in approximately 1400 wells within key unconventional basins, will be added to the current TGS data library.

Royston has completed the overhaul of a critical power system onboard another Bluewater Services operated floating production storage and offloading (FPSO) vessel.

Compared with recent years, both crude oil prices traded within relatively narrow price ranges throughout the year.

In a two-year deal valued in the region of US$50 million, Petrofac will integrate the services of its Operations, Projects and Well Engineering service lines.

Wintershall Dea Norge AS, operator of production licence 894, is in the process of concluding the drilling of wildcat well 6604/6-1 in the Norwegian Sea, according to the Norwegian Petroleum Directorate.

The company has said it achieved an estimated 2019 total CAPEX of US$300 million and OPEX (ex-lease costs) of US$11/boe, both below original guidance.

Severn Glocon is one of the biggest manufacturers of control valves for the oil and gas industry, and employs over 900 staff worldwide including 370 in the UK.