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August 3, 2018

Deals this week: Aker BP, Pilot Energy, Socar AQS

Aker BP has signed an agreement to purchase working interest in 11 oil licences from Total E&P Norge for $205m.

Aker BP has signed an agreement to purchase working interest in 11 oil licences from Total E&P Norge for $205m.

The licenses are located in Alvheim, Ula, Skarv and Noaka of Norwegian Continental Shelf, as well as include four discoveries, namely Trine, Trell, Alve Nord, and Rind.

Aker BP is an oil exploration and production company, while Total E&P Norge is an oil and gas company. Both companies are based in Norway.

The transaction is expected to strengthen Aker BP’s oil and gas assets portfolio in the Norwegian Continental Shelf.

Pilot Energy has entered an agreement to divest a certain stake in the WA-503-P exploration permit to Black Swan Resources Pty Ltd.

Black Swan will become the operator of the permit and bear all the expenses associated with the development activities and management of the permit, while Pilot Energy will gain certain share in the profit interest from the permit, as part of the agreement.

The exploration permit is located in Northern Carnarvon Basin, 80km offshore Western Australia, in water depths of 70m.

“The transaction is expected to strengthen Black Swan’s oil and gas assets base in Western Australia.”

Both the companies are Australian oil and gas companies.

The transaction is expected to strengthen Black Swan’s oil and gas assets base in Western Australia.

Socar AQS has entered an agreement with KCA Deutag to form a new offshore and onshore joint venture (JV) named Turan Drilling & Engineering Company.

To be jointly owned and managed by the two companies, the new Azerbaijan-based JV will provide oil and gas well drilling and engineering services in the offshore Caspian Sea and Central Asia.

Based in Azerbaijan, Socar AQS is a drilling and well services management company, while KCA Deutag is an oil and gas services company based in the UK.

TechnipFMC has secured a subsea umbilicals installation contract for stage two of the Gorgon project from Chevron Australia.

The Gorgon stage two project is located offshore Western Australia in water depths between 250m and 1,340m.

The contractual scope includes overseeing project management and engineering, transportation, installation and pre-commissioning of umbilicals, flying leads and manifolds. It also covers fabrication, transportation, installation and testing of rigid spools.

TechnipFMC is a French project lifecycle services provider, while Chevron Australia is an integrated energy company.

Ecochlor has secured a contract to supply its ballast water treatment systems (BWTS) for 55 product carriers from Scorpio Tankers.

The BWT systems will be retrofitted on the carriers of Ecochlor having a range between 38,000dwt and 100,000dwt.

Ecochlor is a US-based provider of cost-effective, environmentally-safe ballast water treatment solutions to shipowners, while Scorpio Tankers is one of the leading owners and operators in the tanker industry in France.

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