Upstream news

The repayment leaves the Company debt free, with significant cash on hand, further cash due from the imminent lifting from the FPSO, and ongoing cash generative production from the Lancaster field.

This marks an important milestone in the development of Fenja, which is scheduled to come on stream in the first quarter of 2023 and will produce approximately 28 000 boepd at plateau.

The five-year agreement, which also has two, two-year extension options, will see Sparrows deliver crane operations and maintenance services across 10 of the operator’s assets in the region.

Strohm accepted the Subsea Pipeline Technology Award after impressing the judges with its TCP solution and new innovative fully bonded weight coating designed to keep the pipe steady during the laying process and provide stability on the seabed thereafter.

The company plans to reactivate the S. Antonio-1 well, with an expected initial production rate of 1300 cubic metres of natural gas per day.

To protect Oil India’s data centres, Juniper’s SRX4200 Service Gateways, Security Director, and Junos Space Network Director were selected to configure and manage application security, intelligence and policies across its networks.

Tracerco’s Profiler is set to be installed by September this year into the slug catcher vessel, which provides a buffer volume to accommodate the intermittent high liquid flow in the form of a slug.

The success follows a programme of strategic growth activities including a new equipment investment of approx. US$10 million, signing a number of in-country joint ventures and partnerships, and a major recruitment drive expanding the EnerMech team of local hires across these geographies by a projected 63%.

As well as being used for follow-on OPITO assessments and Lifeboat Coxswain Further Training, the simulators will help improve competency, enhance the learner experience and raise lifeboat safety standards.

A gas leak in a contained area related to a turbine on Sleipner A was reported in the morning of 11 July. The incident was quickly clarified. During the process of resuming production and depressurisation, an additional gas leak occurred on the Sleipner R riser platform late Monday night.