Upstream news

The project is the fourth major start-up for BP in 2018.

The company is adding to its state-of-the-art fleet with the purchase and major refit of a multi-role ship.

The company has signed an agreement with PGNiG to sell its non-operated interests in the Tommeliten discovery on the Norwegian Continental Shelf (NCS) for a total of US$220 million.

As part of the agreement, Noreco will assume all of Shell’s existing commitments and obligations, including the Tyra redevelopment and the decommissioning costs associated with the assets.

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.