Oil & Gas News

Polarcus has commenced the acquisition of the latest phase of the Cygnus regional multi-client 3D survey in the Vulcan Sub-basin, offshore north-west Australia. The 1,500 sq. km Phase 3 South survey, covering the Skua, Swift and Montara area, completes over 7,200 sq. km of continuous XArray™ Triple Source coverage.

The Arctic region is largely under-explored due to its cold, harsh climatic conditions, frozen seas and lack of investment in infrastructure development. However, this picture is gradually changing. Dwindling oil and gas reserves worldwide is raising the case for exploration and production (E&P) companies to venture into the Arctic in search of hydrocarbons, according to GlobalData, a leading data and analytics company.

On behalf of the Troll partners, Equinor has awarded Aker Solutions a front-end engineering and design contract (FEED) for topside modifications to accommodate power from shore at the Troll B and C platforms.

Eni reports the start-up of its offshore Agogo oilfield, situated in the 15/06 Block in the Angolan waters. The start-up takes place just nine months after its discovery thanks to the operational synergies facilitated by the Floating Production Storage Offloading (FPSO) Ngoma, West Hub production center, situated 15km from the oilfield.

Maersk Drilling has been awarded a contract for the 7th generation drillship Maersk Valiant which will be employed by Noble Energy for a one-well campaign offshore Colombia. The contract is expected to commence in Q3 2020, in direct continuation of the rig’s previous contract. The contract has an estimated duration of 65 days and a contract value of USD 18.2m, including mobilization and demobilization fees.

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