Upstream news

The company has emerged from chapter 11 and appointed a new board of directors.

The three-year contract will support both onshore and offshore activity for BP operated projects in the Caspian Sea area including Azeri-Chirag-Gunashli (ACG), Shah Deniz, Baku-Tbilisi-Ceyhan (BTC), South Caucasus Pipeline (SCP) and Western Route Export Pipeline (WREP).

The contract is expected to commence in 2Q20 and will contribute approximately US$91 million of contract backlog, excluding mobilisation reimbursement.

CGG has completed JumpStart™ multi-client geoscience packages for the North West Shelf (NWS) of Australia and the Banda Arc in the Asia-Pacific region.

The framework agreements cover operation of all the company’s installations on the Norwegian continental shelf (NCS) and onshore plants in Norway.

The Ministry of Mines and Hydrocarbons of Equatorial Guinea has granted ExxonMobil a six-month extension for offshore blocks EG06 and EG-11.

The two framework agreements are for the provision of Engineering, Procurement, Construction and Commissioning (EPCC) services.

North Sea Blocks 15/18d and 15/19b (Licence P2366) have been sold to Anasuria Hibiscus UK Limited for a headline consideration of up to US$5 million.

OneSubsea will supply vertical monobore production trees and multiphase flowmeters rated up to 20 000 psi.

An FID has been announced for the Anchor oilfield and FEED has begun for the North Platte discovery.