Upstream news

The oil discovery was made in the second exploratory well H2, located in the block KG-OSN-2009/3.

GeoSoftware, part of CGG’s Geoscience Division, has renewed the donation of its HampsonRussell seismic reservoir characterisation software to CERENA/Instituto Superior Técnico (IST) University in Lisbon, Portugal.

Susan Steyn will be based in the firm’s Houston office and will be central to delivering the division’s ambitious global expansion strategy.

Aberdeenshire-based subsea firm Aleron Group has acquired electrical drive engineering specialist IMPAQ Ltd. to support its expansion strategy into new technology and markets including military, defence and nuclear industries.

The acquisition was announced in early February 2019 and was completed effective March 26, 2019.

Covering 270 km2 and in water depths up to 2100 m, the survey will commence in 3Q19 and take approximately 4 months to complete.

The Latin American focused upstream oil and gas company has provided an update on production during 2018.

The Solveig oil discovery in PL359, is located 15 km south of the Edvard Grieg field and will be developed via a subsea tie-back to the Edvard Grieg platform.

The new facility will be used for large scale fabrication of offshore platforms and onshore/offshore modules.

PGNiG Upstream Norway and Aker BP have signed a contract for the lease of a semi-submersible drilling rig.