Upstream news

Tullow Oil plc (Tullow), the independent oil and gas exploration and production group, announces its full year results for the year ended 31 December 2017.

Further to the announcement on 27 December 2017, the completion of flow testing at its 100% owned Broadford Bridge-1z exploration discovery is now expected during February 2018.

Comet Ridge Limited has provided an operational update on the progress of the Mira Pilot Scheme in the Mahalo Block in central Queensland.

Bibby Offshore has been awarded the contract with a consortium of companies including The Port of Cromarty Firth. The scope of the contract includes the subsea infrastructure associated with the Osprey and Merlin subsea fields and other infrastructure tied back to the Dunlin Alpha Platform.

AVEVA has acquired the intellectual property rights to the engineering design database and design productivity software known as EDD and PDMSi, developed by Shell International Exploration and Production Inc., a member of the Royal Dutch Shell plc group.

The new company will deliver advanced production technologies and expertise to the global oil and gas industry, offering products and systems which are highly differentiated, low risk and significantly enhance well performance.

Effective immediately, the contract is for two years with three one-year extension options, and includes the provision of rigging and scaffolding services on the facility, currently operating in the Pierce field.

Phase 1 of the Johan Sverdrup project continues to progress according to plan and is now close to 70% complete.

Over US$54 billion will be spent on Brazil’s upstream oil & gas capital expenditure to 2020, says GlobalData.

Benthic, a global geosciences company, has secured a contract for an offshore geotechnical investigation in the proposed Azeri Central East platform location in the Caspian.