The CoAs are expected to begin in the first half of 2017 with the requirement for about two shuttle tankers.
PDVSA awarded contracts to drill wells in the Orinoco Belt, although some foreign partners are uncomfortable with the rushed tender and structural problems that could hinder the projects, according to sources close to the matter.
Arctic Securities is the financial adviser and BA-HR law firm is the legal adviser. When the transaction closes, AKOFS will gain US$66 million net of investments in the JV.
Satellite communications provider ITC Global has been awarded a three-year contract to provide broadband connectivity to the world’s largest semisubmersible drilling rig, which is commissioned for work in the Great Australian Bight, the company said in a news release.
In the Sept. 15 press release, Cobalt also said it committed to use Rowan as its exclusive drilling services provider for five years.
Montenegro's economy ministry said exploration will be divided into two stages valued at 85 million euros (US$96 million) and 12 million euros, respectively. Borehole drilling will likely begin this year, Reuters reported.
Emerson and its partner, Western Process Controls, will provide equipment monitoring, diagnostic services, spares support, and maintenance for the facility’s control and safety systems, as well as thousands of instruments and valves, Emerson said.
Statoil has chosen to stick with Aker Solutions for engineering, procurement, construction, installation and commissioning (EPCIC) services to enable a tie-in of the Utgard gas and condensate field to the Statoil-operated Sleipner facilities in the North Sea.
The PSC covers about 1,000 square kilometers at Rong Chang Bei in the Sichuan Basin.
The four-year contract is for front end development, maintenance and modifications, engineering, and late life and decommissioning services, for topsides and subsea facilities.
Statoil has selected Wood Group for the detailed design scope of the subsea tieback from the Utgard gas and condensate field to the Sleipner facilities in the Norwegian North Sea, Wood Group said in a news release.
GE said the SG5 wellheads will be used for the operator’s shallow- and medium-water drilling campaign offshore India. The first wellhead will be supplied in fourth-quarter 2016.