Offshore news

Saipem has been awarded a new offshore contract by Azule Energy Angola S.p.A., subsidiary of Azule Energy Holdings Ltd. an incorporated joint venture between Eni and bp, for the development of the Ndungu Field as part of Agogo Integrated West Hub Project, located approximately 180 km off the coast of Angola. The value of the contract is around US$850 million.

Seadrill has announced that it has entered into a definitive agreement to sell three jack-up rigs—the West Castor, the West Telesto and the West Tucana, and its 50% equity interest in the joint venture that operates these rigs offshore Qatar to Seadrill’s joint venture partner gulf drilling international for cash proceeds of US$338 million.

PETRONAS Suriname E&P B.V. a subsidiary of PETRONAS, has made a third hydrocarbon discovery in Block 52 at the Fusaea-1 exploration well in Suriname’s Block 52, located about 170 km offshore and 9 km east from Roystonea-1.

Seatrium has announced that it has been awarded a contract by Single Buoy Moorings Inc, a SBM Offshore company, for the topsides fabrication and integration of a floating production storage and offloading (FPSO) vessel.

Odfjell Technology has secured an important contract with COSL Drilling Europe AS. The fixed part of the contract, valued at approximately 160 million NOK, encompasses Tubular Running Services has a duration of three years, with the option for two additional one-year periods.

PETRONAS E&P Bobara Sdn. Bhd has signed a production sharing contract (PSC) for the Bobara working area located at the offshore of West Papua, Eastern Indonesia.

QatarEnergy has signed a farm-in agreement with ExxonMobil to acquire a 40% participating interest in two exploration blocks offshore Egypt.

The offshore decommissioning project utilised real time cutting verification technology to remove 25 dormant gas platforms in support of the client’s wider asset end-of-life campaign.

Solutions for rigless plug and abandonment will be key for cost-efficient, environmentally sensitive, and compliant decommissioning of wells.

Orders from Petrobras correspond to a third of the global demand for FPSOs. Of the total units planned until 2028, 10 are already contracted.