Benthic, a global geosciences company, said Feb. 4 it has been awarded a contract by Woodside for an offshore geotechnical investigation in the North Carnarvon Basin, offshore Western Australia.
The contract includes the provision of geotechnical services required by Woodside to investigate geohazard risks in the region of the Pluto escarpment, geophysical interpretation and soil testing for engineering parameters along the pipeline route, and soil sampling and testing for engineering parameters in support of the infield facility, structures and drilling.
Benthic’s PROD2 (Portable Remotely Operated Drill) operating from the MMA Valour, will perform in-situ testing and sampling in water depths up to 1,400 m (4,593 ft) The 55-day campaign is expected to commence in January 2019 and reach completion by end of March.
“Our project teams’ experience working in the area leaves us very confident the campaign will be completed to Woodside’s complete satisfaction,” Chris Howerter, vice president of operations, said.
Production, volumes to process and move, EBITDA are all vulnerable in the near term, says Alerian.
Analysts with Tudor, Pickering, Holt & Co. noted the sale of Quintana’s legacy conventional pressure pumping operations was a small deal but that it also highlighted a “prodigious valuation upside.”
The lender group for Venture Global's $5.8 billion construction financing includes the world's leading Asian, European and North American project finance banks, the company said.