Upstream news

The company's cash balance at year-end was US$331 000, compared to US$2.2 million at year-end 2017.

PGNiG Upstream Norway holds an 11.92% interest in the Ærfugl project in the Norwegian Sea. The operator is Aker BP, while the other partners are Equinor Energy and Wintershall DEA.

A final investment decision is planned to be taken by May 2022.

The two companies are to form a strategic partnership for marine seismic acquisition services and the creation of a new streamer technology company.

2H’s new office is in La Défense, a major business district in Paris.

Rystad Energy forecasts that 2019 production will average 1.95 million bpd, with some months potentially touching the 2 million bpd ceiling.

TopSeis, a marine source-over-spread acquisition and imaging solution, is the outcome of five years of close technical collaboration between CGG and Lundin Norway AS.

The contract is with DeepOcean to support the hook-up and commissioning of the Valhall Flank West project, operated by Aker BP.

Alessandro Puliti will begin his new role on 1 September 2019, succeeding Antonio Vella.

The company has sold its its 15% participating interest in the Atrush Block in Kurdistan.