Axxis Geo Solutions signs Middle East OBN contract
The work is expected to commence in early January 2020 and will continue through most of 1Q20.
Browse the latest upstream news news and articles.
The work is expected to commence in early January 2020 and will continue through most of 1Q20.
As part of the initial closing, WIS acquired businesses and assets in 16 countries. Another 9 jurisdictions are expected to close in the coming months pursuant to the terms of the purchase agreement.
CGG has agreed to transfer its 40% shareholding in Seabed Geosolutions to Fugro before the end of 1Q20.
Under the terms of the agreement, Apache and Total will each hold a 50% working interest in Block 58, which comprises approximately 1.4 million acres in water depths ranging from less than 100 m to more than 2100 m.
The acquisition includes acreage in the 1.2 million North Marakia Offshore block, which is located approximately five miles offshore Egypt’s northern coast in the Herodotus basin.
The Leviathan field was discovered in 2010, and the initial development phase was sanctioned in 2017.
The new contract award, under a 10-year Framework Agreement signed in 2017 with PDO, is an Engineering, Procurement and Construction Management (EPCM) services contract for the Mabrouk North East Development Project in Oman.
Equinor and Rosneft have taken an investment decision on the first stage of the North Komsomolskoye full field development.
Wood Mackenzie has identified five themes related to project sanctions, exploration, M&A, energy transition and IMO 2020 that will impact Asia Pacific’s upstream industry in 2020.
Marine services company Malin Group has appointed oil and gas expert Alan Hunter in a new business development role.
Sandeep Sharma will join EnerMech on 1 January 2020 along with newly appointed Chief Executive Officer Chris Brown.
EM&I has used its NoMan remote camera technology for inspections of difficult to access to areas, including on an FPSO in New Zealand.