Upstream news

Maurel & Prom Venezuela, subsidiary of Maurel & Prom, has acquired Shell’s 40% interest in the Petroregional del Lago Mixed Company.

The companies have announced that they have achieved significant progress in the scope of their Strategic Alliance, signed in March 2017.

The company has completed its previously announced sale to BP of a ConocoPhillips subsidiary that holds a 16.5% interest in the BP-operated Clair Field for an undisclosed price.

The Vladimir Filanovsky field accounts for the most significant gain in production.

The new joint venture company is 49% owned by a subsidiary of SEACOR Marine and 51% owned by a subsidiary of Proyectos Globales de Energía y Servicios CME.

The company has announced the award of a sizeable SURF (subsea umbilicals, risers and flowlines) contract by BP for the Manuel project in the US Gulf of Mexico.

Oranje-Nassau Energie B.V. and SHV Holdings have announced that an agreement has been reached on the merger of their upstream energy businesses, in a combined entity called ONE-Dyas.

Saipem and Petrobel have negotiated an offshore contract addendum worth more than US$1.2 billion for EPCI activities in relation to the ‘Ramp Up to Plateau’ phase of the Zohr Field Development Project.

The main objective of the well was to test the reservoir properties and hydrocarbon potential of the Jurassic and Permian formations in the frontier Froan Basin.

The company is progressing the redevelopment of the Balder and Ringhorne area, and a FEED contract for the Jotun FPSO life extension has now been signed.