Upstream news

The Norwegian Petroleum Directorate’s forecasts show that, after a minor decline in 2019, oil and gas production will increase from 2020 and up to 2023.

The company has selected Optime Subsea as a provider of well access system and services on the Norwegian Continental Shelf (NCS) for the next 2 years, with extension options.

The well was drilled at the Pecan field in the DWT/CTP block, approximately 166 km southwest of Takoradi in Ghana.

The contract with Chevron Australia will see two of its newbuild anchor handling tug supply vessels support the Chevron-operated Gorgon Stage Two drilling programme.

The company has announced the appointment of Christiaan Vermeijden as Chief Executive Officer, effective immediately.

Sphera Solutions acquires Petrotechnics to enhance end-to-end operational risk solution.

The company has announced that its wholly owned subsidiary Lundin Norway AS has completed exploration well 2/6-6S, targeting the Oppdal and Driva prospects in PL860 in the North Sea.

The company has announced two new contracts for the CSVs ‘Normand Jarstein’ and ‘Normand Clipper’.

The company will provide optimisation services using its SeaCure technology for all 20 in. surface casings, which will be drilled from the Stena DrillMAX in approximately 1750 m of water.

The two wellhead outlets and a cable splice build upon recent growth in the market; product orders are up 26% year-on-year, following a growth of 15% in financial year 2016 - 17.