GlobalData: Over US$58.5 billion will be spent on North Sea’s upstream CAPEX by 2020
Shallow water projects will be responsible for over 92% of upstream CAPEX.
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Shallow water projects will be responsible for over 92% of upstream CAPEX.
The project represents the first offshore application for the SGT-750 gas turbine. Equipment delivery is anticipated mid-2019 with first oil planned for 2022.
The contract covers four cranes utilised on two Floating Production Offloading and Storage (FPSO) vessels, the Greater Plutonio and the PSVM, located in Blocks 18 and 31 respectively, which are situated 160 km north-west of Angola’s capital Luanda.
Heerema Fabrication Group awarded DGI Doedijns, specialist in engineered hydraulic solutions, to design and deliver the Flooding System Upend Control System for the ‘Peregrino II Jacket’.
Royal IHC has signed up TMC Compressors of the seas (TMC) to deliver a complete marine compressed air system to the integrated reel lay vessel the Dutch shipbuilder is constructing for Subsea 7.
Carnarvon aims to mature the identified leads to prospects within the block, with a number of geoscience work-flows as part of the work programme, including a satellite seep survey, petrophysical reviews, burial modelling, fault seal analysis, rock physics analysis and seismic inversion of the Cygnus MC3D.
Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, has announced that it has executed a transaction with Suncor Energy Norge AS for the sale of a 17.5% working interest in the Fenja development located in PL586 in the Norwegian Sea.
The blocks were awarded to the consortium of Total (operator, 40%), ENI (40%) and Novatek (20%) in the frame of the 1st offshore licensing round, launched by the Lebanese government in January 2017.
The contract includes the construction and installation of the topside structure for the floating production, storage and offloading vessel (FPSO) to be located on the Johan Castberg field in the Barents Sea.
The release of Searcher’s technical dataset comes in preparation for the highly-anticipated Argentina Offshore Bidding Round 1, which is expected to be announced later this year.
The three month project, which commenced in February 2018, will see TWMA provide an at source drilling waste management package at the Orlando Field in the UK northern North Sea.
Subsea engineering analysis consultancy, AgileTek, has won the Small Company of the Year Award at this year’s Subsea UK awards. Winners were announced at a prestigious awards ceremony Aberdeen.