Upstream news

The company has announced that it has entered into a transaction with Hokchi Energy, a subsidiary of Pan American Energy LLC, to cross assign the Company's Participating Interest in Block 2 and Hokchi's PI in Block 31, both in the Sureste Basin offshore Mexico.

As demand increases James Fisher is continuing to invest in mobilising offshore equipment to the region, strengthening the company’s resources and offering faster deployment to projects.

The company has signed the contract for the exclusive exploration and development rights of the offshore block A5-A.

Support will initially cover the identification and evaluation of FPSO options for the development and pre-FEED technical assurance of the subsea design.

The well will be drilled from the Transocean Spitsbergen drilling facility in position 67°37'20.60"N and 6°45'57.57"E.

The post-lay trenching works are planned to commence late 2018 with the T1 trencher.

Recompletion operations on the company’s South Marsh Island 71 F2 well have finished.

Production in the area, which spans Texas and New Mexico, could reach 5.4 million boe per day by 2023, putting it ahead of every OPEC country except Saudi Arabia.

During the period the company maintained production levels in addition to recommencing onshore drilling and increasing offshore activity, resulting in a strong start to Q4.

The contract is to provide high-pressure riser and abrasive jet cutting services to the Deep Panuke decommissioning project offshore Canada.