Aker BP has tapped Optime Subsea to provide a well access system and services on the Norwegian Continental Shelf (NCS) for the next two years, with extension options, according to a news release.
Optime Subsea said its Subsea Controls and Intervention Light System will be used as part of the long-term contract. The system will be deployed this spring on Aker BP’s Jette Field as part of plug and abandonment operations and at Skogul for its installation campaign, Optime Subsea said in the release.
The value of the contract was not disclosed.
BP and partners have sanctioned the Azeri Central East (ACE) project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oilfield complex in the Azerbaijan sector of the Caspian Sea.
Exxon Mobil Corp. and offshore Guyana partners continue their success with their 13th discovery on the Stabroek Block and fifth discovery in the Turbot area.
The rig count fell for the past four months and production growth in the Permian Basin and other key shale basins have slowed as oil prices fell and many independent shale companies cut spending.