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The Heads of Terms is for the use of the CTF-4, a 2000-horsepower onshore rig, or equivalent drilling rig, for the drilling of the Salloum West-1 well located in the Sfax Offshore Exploration Permit.
The company has announced that the Oil and Gas Authority (OGA) has approved the Field Development Plan (FDP) for the North Sea Columbus Development.
The company has received follow-up orders from its contract partner, the Norwegian service company Aibel, that are to tie in with phase 1 of the Johan Sverdrup oil field project.
The LOI was signed on 29 October, 2018 at an executive level meeting in Beijing led by Lei Fanpei, the CSSC Chairman and Michel van Roozendaal, MacGregor President.
Total E & P Norge AS has received consent to use Skirne and Byggve beyond the originally planned operational life.
The company celebrates mobile offshore unit rig move number 2000, just over five years after the company was launched.
A new gas module has been put on stream on Troll B, boosting the oil production and processing capacity on the Troll field.
The company has signed five contracts for FPSO vessels offshore Brazil.
Maersk Invincible has completed the plug and abandonment (P&A) programme of wells at the Valhall field centre.
The contract is expected to commence the first quarter of 2019.
The company, through its 51%-owned joint-venture with PetroVietnam Technical Services Corporation, has been awarded a time charter contract by Idemitsu Kosan Co., Ltd. for the provision of a Floating, Storage and Offloading Vessel in Vietnam.
The companies signed two agreements which include an exclusive partnership for offshore exploration in Algeria in a virtually unexplored geological province.