The process platform will work to ensure stabilization of the oil and processing into rich gas, while the riser platform will serve oil and gas exports, water and gas injection, as well as any future connections, Statoil said.
Critical project equipment for offshore operations will be transported and stored by cargo carrying units under the seven-figure contract. Brazil plans to more than double production by 2020.
“We expect that the resource plays beneath the Blythe and Cronx/Elgood fields are larger than first anticipated, and with additional reservoir understanding we can more than double our proven reserves, which are currently 3.0 MMboe,” IOG CEO Mark Routh said.
The contract has a two-year term starting June 15, with an option to extend, and is worth up to A$100 million (US$77 million).
The scope of the new contract includes the supply of the second of three planned batches of subsea production trees and ancillaries. Deliveries are expected to commence in 2016, according to the news release.
Otis Field is in Block Mississippi Canyon 79 in the U.S. Gulf of Mexico, and will be tied back to the Delta House floating production and storage vessel.
Jubilee’s phase one A will use large-bore subsea completion landing strings, subsea exploration and appraisal landing strings, high flow-rate surface well testing and sampling services.
Initial order for subsea production systems was for well clusters 1 to 2 in Azerbaijan’s area of the Caspian Sea. Field is about 100km south of the city of Baku.
They will be delivered in second-quarter 2019 and first-quarter 2020, respectively. The delivery dates were delayed after the company amended its construction contracts with Sembcorp Marine's subsidiary, Jurong Shipyard.
Houston-based Harvest entered into a term sheet with Venezuela’s state-owned PDVSA, its partner in Petrodelta, to reposition Petrodelta’s business. Harvest has a 20.4% investment in Petrodelta.
The contract includes decommissioning four subsea wells for Antrim Energy and six wells for Centrica, a news release said.
The six-year contract, which includes options for two three-year renewals, includes the establishment of an offshore engineering center of excellence in Al Khobar, Saudi Arabia.