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Offshore decommissioning work has inevitably nosedived during 2020, though there are encouraging signs of activity recovering into next year. Christian Berven, Aquaterra Energy, offers his take on where the market may be heading – and how a change of mindset among operators is influencing a new strategic approach.
The equipment will be located onboard a converted FPSO vessel that MODEC is constructing on behalf of Woodside Energy for the Sangomar oilfield offshore Senegal.
The drilling programme for well 2/9-6 S relates to the drilling of a wildcat well in production licence 617, about 31 km east of the Valhall field.
Oil prices got a new boost on Friday, as traders saw the OPEC+ compromise as a bullish development after the supply uncertainty that took the market by surprise since the start of the week.
Denmark has cancelled its latest licensing round and put an end date of 2050 on all oil and gas exploration and extraction in the North Sea.
Rystad Energy is forecasting peak oil demand to arrive earlier and at a lower level than previously thought, leading to reduced E&P investments.
The well was drilled about 100 km southwest of the Snøhvit field.
OGUK’s chief executive Deirdre Michie said the report by the Institute for Public Policy Research showed there is increasing involvement in ensuring a successful migration to greener energies.
The company received the ‘Most Impactful Technology’ award, in recognition of FLI’s contribution to the offshore well intervention industry.
Chevron has cut billions off its long-term capital and exploratory budget after a major restructuring of its operations.
FAR has a 13.67% interest in the Sangomar exploitation area.
The LBPV Drill-Thru System provides greater efficiencies and a safer operating environment for drill-thru operations while the operator is drilling for 4½” or 5½” liner string.