Upstream news

The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 35/11-22 S, cf. Section 15 of the Resource Management Regulations.

Aqualis Offshore has entered into a master services agreement with McDermott to provide engineering reviews and marine warranty services for the company’s offshore operations in the Asia Pacific region.

The FrontRow Energy Technology Group company has announced the acquisition of Simmons Edeco Europe from its Canadian owner.

The discovery well, which is located 6 km south of the Beryl Alpha Platform, was placed on production in late November, less than eight months after being drilled in March 2018.

The Cassidy prospect sits within the PL405 Oda licence and is being drilled back-to-back with the production wells on the Oda structure.

The first exploration well on Orinduik is to be drilled in late May - early June 2019, on the Jethro-Lobe prospect.

The programme spans shallow water and deepwater wells in several regions requiring a combination of jack-ups, semi-submersibles, and drillships.

The companies have signed a binding agreement to swap interests on the Norwegian Continental Shelf.

The company has announced it has bolstered its expanding asset integrity business in Chandigarh, India with more capabilities.

Collaboration of Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers in committing and adhering to oil production cuts resulted in the historic Declaration of Cooperation in 2017.