Deepwater ///
Turkey will issue new exploration licenses in the eastern Mediterranean now that it’s set a maritime border with Libya, President Recep Tayyip Erdogan said Thursday, a step liable to exacerbate strains with Greece and the European Union.
The Gulf Research Program (GRP) of the National Academies of Sciences, Engineering, and Medicine today announced $7.25 million in grant awards for eight projects focused on strengthening safety culture in the offshore oil and gas industry.
The new contract was effective January 1, 2020, with a maximum value of $250 million over 5 years, subject to appropriation by Congress.
The well in Angola’s Block 48 will be drilled at a new world record water depth of 3,628 m. The current world record is 3,400 m, set by Maersk Voyager’s sister drillship Maersk Venturer when it drilled the Raya-1 well for Total offshore Uruguay in 2016.
Norway’s vision of establishing a new major oil province off its northern tip has suffered another blow.
The Liberia Petroleum Regulatory Authority has announced the launch of its next offshore licensing round in the Harper basin, one of the last unexplored and undrilled regions offshore West Africa.
Geoffrey Bixby, Forum Energy Technologies
Integrating with next-generation electric ROVs, the newly developed VMAX simulation software has a variety of ROV scenarios to test pilots’ skills. Subsea engineers can use it for modeling and verification of procedures involving intervention tasks.
Hess rose above the carnage in shale stocks with a more traditional approach to oil exploration – partnering in a massive offshore discovery in a frontier nation.
The first phase of development consists of four production wells producing through two 18-inch, 73-mile subsea tiebacks to a processing platform offshore northern Israel.
ExxonMobil and its partners announced another oil discovery on the Stabroek Block offshore Guyana, southeast of the Liza Field. The discovery adds to the current gross recoverable resource estimate of more than 6 Bboe.
Under the agreement, Apache and Total will each hold a 50% working interest in Block 58, which comprises approximately 1.4 MM acres in water depths ranging from less than 100 m to more than 2,100 m.
Magma Global has been selected by C-Innovation to supply m-pipe thermoplastic composite subsea jumpers for flowline intervention in the Gulf of Mexico. The 4-inch diameter 10ksi m-pipes are expected to be deployed in the next few months.
Maersk Drilling has secured a three-well contract for the semi-submersible rig Maersk Discoverer with BP for development drilling at the Matapal project offshore Trinidad and Tobago.
Located at the company’s Kirkbymoorside base in North Yorkshire, UK, the pressure test tank is one of the largest in Europe and provides a well-located facility for the critical testing of subsea equipment.
Talos president and CEO Timothy S. Duncan commented, "The acquisition of these assets significantly strengthens Talos's position as a basin-leading independent E&P company, providing increased scale and free cash flow, greater operational diversity and broader optionality in future growth.”
The equipment that will be deployed in the Anchor project is covered under the 20-year subsea equipment and services master order for Chevron’s development projects in the Gulf of Mexico.
The 20,000-psi field development plan is based on eight subsea wells and two subsea drilling bases connected via two production loops to a newbuild, lightweight floating production unit.
Chevron has sanctioned the Anchor project in the U.S. Gulf of Mexico, marking the industry’s first deepwater high-pressure development to achieve a final investment decision.
FPSO Sepetiba will be deployed at the Mero field in the Santos basin offshore Brazil, 180 kilometers offshore Rio de Janeiro. Delivery is expected in 2022.
Maersk Drilling has signed agreements with Halliburton and Petrofac to collaborate on a shallow and deepwater exploration program to be delivered under Maersk Drilling’s master alliance agreement with Seapulse.