Upstream news

Touchstone Exploration Inc., has announced that it intends to complete a private placement directed towards United Kingdom institutional investors.

Sparrows Group has secured a new five-year contract with Premier Oil for the provision of crane operations and maintenance across two of its North Sea assets.

CGG Multi-Physics has announced completion of the acquisition, processing and interpretation of a multi-client airborne gravity and magnetic survey of approximately 38 000 line km over the Perdido Fold Belt.

D&L Oil Tools has unveiled a new design for hydraulically and mechanically-set retrievable tubing anchors/catchers aptly named Trilobite Anchors.

V.Ships Offshore, part of V.Group, has been awarded the contract to provide operations and full technical management of the floating storage and offloading (FSO) vessel – Pertamina Abherka in Indonesia.

Statoil has signed a contract with SBM Offshore for delivery of the turret mooring system on the floating production ship (FPSO) for the Johan Castberg field. The contract is an exercise of an option in connection with the conclusion of a FEED contract with the same company.

ION has delivered a regional framework consisting of approximately 30 000 km of data over the Austral and Malvinas basins' relatively under-explored petroleum region.

Blocks C22, C17 and C14 are located an average of 124 miles, or 200 km, offshore Mauritania. Together they measure nearly 8.4 million acres in water depths ranging from 3300 ft to 11 500 ft, or 1000 m to more than 3500 m.

The company will supply the subsea production system and design the topside of the floating production, storage and offloading (FPSO) facility, which will be the largest-ever of its kind offshore Norway.

Total and Sonangol signed several agreements covering both upstream and downstream activities.