Upstream news

BV Solutions M&O has been launched to provide technical advisory, asset management and assurance services to the marine and offshore sectors.

The company has strengthened its underwater inspection and maintenance capability with the provision of new mini ROVs for performing subsea operations in challenging environments.

The company is excited for its anticipated delivery of its high quality heavy crude oil into the market.

The company has a 100% working interest. Upon a commercial discovery CNOOC has the right to participate in up to 51% working interest.

The company has announced that the Ocean Rig Poseidon, a sixth generation deepwater drillship, has commenced its mobilisation.

The joint venture will operate under the name Wintershall DEA.

The company has announced that the Mexican oil & gas regulator, the National Hydrocarbons Commission, has approved the appraisal plan for the Zama discovery.

Considerable savings in major torque intervention projects are reported by five subsea operators who were early to adopt the new smart electric torque tool from TMT and Saab Seaeye.

The company has entered into an Operator and Transitional Services Agreement with PTTEP, which will govern the operation and management of the Montara assets and the provision of transitional services in the period from completion until the transfer of operatorship.

The well was drilled about 105 km west of the 7324/8-1 (Wisting) oil discovery in the Barents Sea and about 350 km northwest of Hammerfest.