Teekay Offshore Partners has awarded a $166m engineering, procurement and construction (EPC) contract to Sembcorp Marine Rigs & Floaters for the modification and repair of the Petrojarl Varg floating production storage and offloading (FPSO) vessel.
The scope of the contract includes engineering, fabrication, installation and integration of the topside process skid. Sembcorp Marine will also perform repair works on the existing internal turret, power generation system, hull, tanks, and onboard systems of the FPSO vessel to extend its operational life.
The Petrojarl Varg FPSO will be operated by Alpha Petroleum Resources in the UK North Sea, upon completion of the repair work in July 2020.
Teekay Offshore Partners is a shipping company based in Bermuda, while Sembcorp Marine is a marine and offshore engineering group based in Singapore.
Norwegian Energy Company (Noreco) has entered an agreement to purchase shares of Shell Overseas Holdings’ Danish upstream assets for $1.9bn.
Noreco will acquire a 100% interest in Shell’s subsidiary Shell Olie-og Gasudvinding Danmark (SOGU), which owns a 36.8% non-operating stake in the Danish Underground Consortium (DUC).
The transaction is expected to be closed next year and will increase the acquirer’s production portfolio by 67,000 barrels of oil equivalent per day (boepd).
Shell Trading and Supply, along with Shell Energy Europe, will continue to own the oil and gas lifting rights of SOGU’s assets, following the completion of the transaction.
Noreco is an oil and gas company, while Shell Overseas Holdings is a subsidiary of Shell.
The deal is part of Shell’s $30bn divestment programme aimed at simplifying its portfolio.
China National Offshore Oil Corporation (CNOOC) has awarded a Nkr1.7bn ($206.31m) subsea contract to Aker Solutions for its Lingshui 17-2 subsea deepwater project in the South China Sea.
Aker will supply subsea production system, consisting of 11 horizontal subsea trees, four manifolds, a vertical tie-in connection system, and a topside and subsea control system, under the contract.
The scope of supply also includes laying approximately 70km of static and dynamic umbilicals to connect the subsea development to a new semisubmersible platform.
Scheduled to be delivered between 2019 and 2020, both the subsea production system and umbilicals are expected to increase field production by reducing costs.
The subsea manifold will be manufactured and tested by China Offshore Oil Engineering Company (COOEC).
CNOOC is a China-based oil and gas exploration and development company, while Aker is a Norwegian provider of products and services to the oil and gas industry.
Energy firm Equinor has awarded a $23m contract to Rowan Norway for the drilling of two wells at the Gudrun oil and gas condensate field.
Located in production licence (PL) 025 in the central North Sea, the Gudrun field is estimated to hold 184 million barrels of oil equivalent (Mboe).
The wells will be drilled using the Rowan Stavanger jack-up rig beginning Q3 2019.
Rowan will also provide services such as casing running, cuttings handling and slop treatment under the five-month contract, which also includes five extension options for the drilling of single wells.
The partners also signed a master framework agreement for future contracts.
Norway-based oil and gas company Equinor has signed an agreement to sell a 42.38% interest in the Tommeliten Alpha gas and condensate field to Polish oil and gas firm PGNiG Upstream Norway for $220m.
Located in the Norwegian Continental Shelf in the Greater Ekofisk Area, Tommeliten Alpha field holds estimated net recoverable resources of 52Mboe.
PGNiG aims to extract approximately 0.5 million tonnes of oil and natural gas liquids (NGL) in the peak production year from the field.
The acquisition will help increase PGNiG’s annual gas production output from Norwegian operations by 0.5 billion cubic metres (bcm) in the initial six years of production.