Norwegian Petroleum Directorate (NPD) announced that operators are set to drill 15 new wells in the Barents Sea in 2017.
This year, operators are expected to identify the oil and gas potentiality of south-eastern Barents Sea.
The area was recently opened after the 23rd licensing round where no exploration wells have been drilled to date.
Wintershall Noordzee started production from its Ravn oilfield in Block 5/06 of the Danish North Sea.
The field started producing oil from a depth of nearly 4,000m through a newly constructed production platform approximately 300km from the Dutch town Den Helder.
Oil produced is transported to the Wintershall Noordzee’s A6-A processing platform through a subsea pipeline.
Malaysia Marine and Heavy Engineering (MMHE) secured a RM1bn ($226.7m) contract of central processing platform (CPP) for the Bokor Phase III redevelopment project by Petronas Carigali.
The engineering, procurement, construction, installation and commissioning (EPCIC) contract was awarded through a competitive bidding process.
The company expects that the first steel-cut will start in the third quarter of next year and the project is slated for completion during the second quarter of 2020.
Aker BP entered multiple long-term framework agreements for offshore operations with key suppliers of engineering and construction services, technical systems, and transport and installation of fixed facilities.
It intends to plan and execute development projects at its fields in a safe and cost-effective way.
The intent of the framework agreements is that Aker BP plans to develop and execute work by using a more integrated project delivery model through a 'Platform Alliance' for each project.
Statoil and license partners decided to use the Transocean Spitsbergen semi-submersible rig on three exploration wells in offshore UK and a six-well production drilling campaign on the Aasta Hansteen licence in Norway.
Scheduled to start later this year, the UK exploration campaign will be conducted on Mariner, Jock Scott and Verbier licenses.
Transocean has been contracted for $18m for this campaign that includes integrated drilling services such as fuel, casing running, ROV, slop treatment and cuttings handling.
Ineos agreed to acquire the Forties Pipeline System (FPS) along with associated pipelines and facilities from BP.
Under the agreement, INEOS will pay BP a consideration of up to $250m that includes a cash payment of $125m to be payable on completion of the deal.
The remaining $125m will be paid over seven years under an earn-out arrangement.
The UK's Oil and Gas Authority (OGA) urged the oil and gas industry to accelerate the development of the licensees, in order to enhance a culture of internal and external collaboration with existing joint venture (JV) partnerships.
Recommendations outlined in Sir Ian Wood’s UK Continental Shelf (UKCS) Maximising Recovery Review, Petroleum Act 1998 included collaboration as a key aspect to achieve the principal objective of maximising economic recovery (MER), which now has became a statutory obligation.
The OGA’s Asset Stewardship Collaboration Implementation Guide (SE-09) provides detailed information about the authority’s requirements regarding collaboration, as well as the usage of a recognised collaborative behavioural assessment tool.
Hansa Heavy Lift has successfully transported 24 reels and associated subsea equipment for the Jangkrik Complex Project located off the coast of Indonesia.
The company used the HHL Richards Bay vessel to pick-up the cargo at three different ports, which are Rosyth in the UK, Le Trait in France, and Tanjung Langsat in Malaysia.
The vessel discharged the reels and subsea equipment in Balikpapan, Indonesia, onto the offshore vessel Viking Neptun in five mobilisations.
The pipeline asset will provide the proposed export route for IOG’s southern North Sea assets.
After completion of this transaction, IOG will conduct an intelligent pigging inspection to evaluate the safety of the pipeline for re-use.
Qatar Petroleum and ExxonMobil signed an exploration and production sharing contract with the Cyprus Government for offshore Block 10 in the Mediterranean Sea.
Before the signing ceremony, the Republic of Cyprus President Nicos Anastasiades, Qatar Petroleum president and CEO Saad Sherida Al-Kaabi and ExxonMobil senior vice-president and principal financial officer Andrew Swiger held discussions that focused on current and future cooperation in the energy field.
The signed contract sets the terms for exploring hydrocarbon potential in Block 10 offshore in the Mediterranean Sea.