C-Innovation acquires Caltex Oil Tools
C-Innovation has acquired the controlling interest in Caltex Oil Tools, which provides equipment rentals, services and customised engineering capabilities to the offshore industry.
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C-Innovation has acquired the controlling interest in Caltex Oil Tools, which provides equipment rentals, services and customised engineering capabilities to the offshore industry.
The two companies are to construct an oil well stimulation vessel as part of the agreement.
The Jinzhou 25-1 oilfield 6/11 area is expected to reach peak production of approximately 16 500 bpd in 2023.
Wintershall Noordzee is currently finalising the hook-up activities to the D12-B production platform, from where the produced gas will be transported via the Neptune Energy-operated D15-A production platform, through the NGT gas transportation system to shore.
The API has responded to the Trump administration’s announcement to extend the existing offshore moratorium in the Eastern Gulf of Mexico to include additional areas off the Atlantic Outer Continental Shelf (OCS) through the year 2032.
The contract covers the delivery of four subsea templates and up to 23 subsea trees and associated components.
The Santos-operated field is located in Permit WA-33-R off the coast of Western Australia.
Neptune Energy will remain as operator of the prospect with a 30% working interest in the licence.
Following the transaction, the PGNiG Group’s own gas production in Norway will increase to 0.9 billion m3 in 2021.
The policy measure is designed to allow all future bid deposit forfeitures to be reinvested as received.
The contract covers the provision of platform drilling operations and maintenance services on Beryl Alpha and Bravo, Forties Alpha, Bravo, Charlie and Delta in the UK North Sea.
First images from the Central North Sea survey are targeted for 1Q21.