Oil prices stabilising
Oil prices have reached stable levels and are staying in the more comfortable US$30-35 range.
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Oil prices have reached stable levels and are staying in the more comfortable US$30-35 range.
The company's Ruche project has also been deferred until efficient project execution can be assured.
Previous deal partner Petrogas is no longer part of the transaction.
Licence P2170 is located in the Greater Buchan Area in the North Sea.
Version 4.5.0 of the facies map browser allows users to expand their subsurface knowledge of these regions of exploration.
The global framework agreements are conceptual engineering and for early engineering and FEED services.
ODE has acted as operations and maintenance provider for the asset since the project phase and successfully transitioned the platform from normally manned to not normally manned status in recent years.
Once the idle period is complete, the rig will be mobilised to South Africa by Total to commence its charter as planned.
Oil prices rose again this morning as the promised production cuts seem to be realised and on signs that demand is indeed picking up globally.
The recovery group convened by OGUK will aim to develop a strategy for the sector to recover as part of OGUK’s three stage framework revealed at the end of April.
The anti-fouling and topside coatings will be used by Total for the advanced drilling platform Deepsea Stavanger, off the coast of South Africa.
Block 52 is located in the prospective Suriname-Guyana Basin, where several major hydrocarbon discoveries have been made recently.