ConocoPhillips Skandinavia has awarded Norway-headquartered Prosafe a contract to provide accommodation support using either the Safe Boreas or Safe Zephyrus on the Ekofisk Field in relation to the tie-in of the Tommeliten Alpha field development in the North Sea, Prosafe said in a news release Oct. 26.
The 90-day contract, valued at US$13.6 million, begins in second-quarter 2022 and has an option of up to 60 days. The contact value excludes the option period.
If Norwegian authorities do not approve the Tommeliten Alpha plan for development and operation, contract cancellation charges will apply, according to the news release.
Following a sharp drop in crude prices in early 2020 as the coronavirus pandemic hit demand, Norway in April announced it would slash oil output for the final seven months of the year.
A survey by Reuters shows OPEC pumped 30.17 million bbl/d in May, down 60,000 bbl/d from April and the lowest total for the 14-member group since 2015.
The 14-member OPEC pumped 30.40 million barrels per day last month, the survey showed on April 1, down 280,000 bbl/d from February and the lowest OPEC total since 2015, according to a Reuters survey.