Subsea 7 SA announced the award of a contract by Shell for the Arran gas field development on March 29, located approximately 150 miles (241 km) east of Aberdeen.
The contract scope includes project management, engineering, procurement, construction and installation of 60 km of mechanically lined pipe-in-pipe production flowline, together with subsea structures and tie-ins at the Arran and Columbus gas condensate fields and the Shearwater platform.
Project management and detailed engineering has commenced at Subsea 7’s office in Aberdeen, with offshore activities due to commence in 2020.
“This latest contract builds on our strong and established relationship with Shell, which has seen us deliver our design, engineering and technology expertise on a range of their projects for over 35 years,” Jonathan Tame, vice president U.K. & Canada, said.
EOG Resources said it started to restore curtailed production in June as oil prices recovered from their April lows, and it expects nearly all shut-in wells to begin production before the third quarter ends.
If successful, the offer to buy PGS’s multiclient library would significantly broaden TGS’s worldwide geophysical data offering, TGS said.
Exxon Mobil Corp. is suspending the company's contribution to the U.S. employee retirement savings plan beginning in October, the company confirmed on Aug. 5.