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The scope of work includes the submission of a FEED package and proposal for the engineering, procurement, construction and installation (EPCI) for the Belbazem Block Development Project, located offshore Abu Dhabi, UAE.
The acquisition adds approximately 6001 boe of daily net production to Neptune’s production in Germany – an increase of approximately 5%.
The total cash consideration was US$965 million.
11 wells were drilled and four discoveries made by the company in 1H19.
The offshore industry gradually increased the overall headcount of the top 50 oilfield service companies from 2017 to 2018.
The winning technology will be featured at the 2019 Technical Exposition and Conference, 9 - 11 October in New Orleans, Louisiana, US.
Wood Mackenzie's corporate analysis team asks if Tight Oil inc is on the verge of sustained free cash generation.
The contract is for preparatory activities related to offshore deepwater excavation, pipeline crossings, nearshore and shore crossing works for the export trunkline which connects Scarborough to onshore processing infrastructure.
The award recognises a service company or operator who has pushed the boundaries of well intervention and coiled tubing technology.
Experts predict that 2019 and beyond will see deep offshore exploration and mega gas finds in Africa.
Achieving the ISO 9001:2015 quality standard is important for companies involved in the asset integrity management of floating assets.
The contract involved preparing, packing and shipping parts to undertake a major overhaul of the MMA Plover’s DG2 and a straight top end on the MMA Brewster’s DG3.