The renewal for Admarine 657, which is currently contracted and operating in Saudi Arabia, is effective after the expiry of its existing contract during Q1 2019.
Drilling & production
The contract will create two new roles (a customer support engineer and a technical advisor) and will also increase the service engineer team by 10%.
Collaboration of Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers in committing and adhering to oil production cuts resulted in the historic Declaration of Cooperation in 2017.
More Drilling & production news
The Consortium has announced that it has entered into a Share Purchase Agreement to acquire a 50% ownership interest in Petrobras Oil and Gas B.V.
The Petroleum Safety Authority have given Equinor Energy AS consent for exploration drilling of well 36/1-3.
The company will provide Qatargas with underwater inspection, geotechnical and geophysical services for its offshore operations in Qatar under a new 5-year call off contract.
Interior’s Bureau of Ocean Energy Management (BOEM) issued conditional approval to Hilcorp Alaska LLC for its Liberty Project oil and gas development and production plan.
The contract in Saudi Arabia is for the floatover, from Oman to Saudi Arabia, and installation of multiple platform topsides.