Oil & Gas News

BW Kudu Limited (a wholly owned subsidiary of BW Offshore) has entered into a Farm-Out Agreement for a 56% stake of the Kudu license offshore Namibia. National Petroleum Corporation of Namibia (NAMCOR), the Namibian state-owned oil company, will hold the remaining 44% of the license. BW Kudu will become operator of the Kudu license.

BOURBON announces its first pipelay contract awarded by Total Gabon for the engineering, procurement, construction and installation of 25 km of 6” rigid pipeline as part of the Hylia Water Injection Project using Zap-Lok® technology. This award reflects BOURBON's capacity to offer integrated services and light turnkey projects to major oil & gas companies.

"2016 was the year we made significant strides in creating a stronger platform for growth. We launched six major project start-ups - from Algeria to the Gulf of Mexico - and made final investment decisions on a further five major projects. And we see exciting opportunities ahead, said Bob Dudley, BP group chief executive.

Eni successfully drilled and tested Merakes 2, the first appraisal well of the Merakes discovery under the Production Sharing Contract (PSC) in East Sepinggan. The block is located in the prolific offshore Kutei Basin and the Merakes discovery is 35km from the Eni-operated Jangkrik field, which is expected to start producing through a Floating-Production Unit in the second quarter of this year.

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