Norway’s Polarcus has failed to obtain a firm seismic contract offshore West Africa with an undisclosed client after previously notifying in June that it had obtained a letter of intent for a 3-D marine acquisition program. Polarcus declared in early August that due to equity changes in the relevant license block in Angola, the LOI has not materialised into a service contract.
TechnipFMC has been awarded a significant integrated engineering, procurement, construction and installation (iEPCI) contract from ConocoPhillips for the TOR II development, the company said on April 23.
Turan Drilling, a JV between KCA Deutag and SOCAR AQS, secured the contract for operations and maintenance of seven platform drilling rigs operated by BP in the Caspian Sea, SOCAR AQS head said
Italian oil services group Saipem is looking for partners for its drilling business, while it has ruled out a trade sale, the company's CEO said on April 18.