Smart torque tool takes off
Considerable savings in major torque intervention projects are reported by five subsea operators who were early to adopt the new smart electric torque tool from TMT and Saab Seaeye.
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Considerable savings in major torque intervention projects are reported by five subsea operators who were early to adopt the new smart electric torque tool from TMT and Saab Seaeye.
The company has entered into an Operator and Transitional Services Agreement with PTTEP, which will govern the operation and management of the Montara assets and the provision of transitional services in the period from completion until the transfer of operatorship.
The well was drilled about 105 km west of the 7324/8-1 (Wisting) oil discovery in the Barents Sea and about 350 km northwest of Hammerfest.
The company has announced its interim results for the six months ended 30 June 2018.
The well, on P1918 in the Wessex Basin, remains on track to be drilled in Q4 2018.
The production start-up of the Umm Lulu and SARB (Satah Al Razboot) fields shows an initial capacity of 50 000 bpd.
The two-well contract is expected to commence in late 2018.
A milestone was achieved in the large-scale investment in the new test facility at Trelleborg’s offshore operation in Skelmersdale, England, as the first of two vessels arrived on site.
The Roxar FSM Log 48 Area Corrosion Monitor™ detects both localised and generalised corrosion, aids in boosting pipeline availability and capacity, and delivers cost-effective monitoring.
Equinor has entered into time charter contracts for two newbuilt shuttle tankers with the shipowner Knutsen NYK Offshore Tankers AS (Knutsen).
Awarded under an existing framework agreement signed in 2016, the scope of the contract includes engineering, procurement, construction, installation and commissioning (EPCIC) associated with well hook-up on the facility.
The company has announced that it has entered into a share option agreement with its joint venture partner, Grupo IDESA, S.A de C.V.