ANCAP, Uruguay’s state-owned petroleum company, has revealed the British companies BP and BG, the French company Total and the Irish company Tullow Oil as the winners of the Ronda Uruguay II licensing round
BP has decided to extend the maintenance and modification contract with Aker Solutions, exercising an option in the existing agreement for the Ula, Valhall, Skarv, Hod and Tambar fields. Work under the extended contract will last until April 2014, and the contract value is estimated to be in the range of NOK 0,8 to 1,2 [...]
BP announced today that it has agreed to sell its interests in its southern gas assets (SGA) in the UK North Sea to Perenco UK Ltd for $400 million in cash. As it continues the active management of its business portfolios around the world, focusing on core activities and future growth, BP expects to divest [...]
The drilling operation will be undertaken by BP Exploration Operating Company Limited using the Stena Carron drilling rig. The other joint venture partners are CIECO Exploration and Production (UK) Limited, Idemitsu Petroleum UK Ltd, Nexen Petroleum U.K. Limited and Faroe Petroleum
Bergen Group Rosenberg has today signed a contract for acquisition of the majority shareholding (60%) in the engineering company Origo Process AS in Stavanger. Origo Process AS is a well-established supplier of process expertise to the oil and gas industry, and the acquisition will strengthen both the engineering capacity and the process competence for the [...]
Energy Minister Charles Hendry has given BP consent to drill the deepwater North Uist well, northwest of the Shetland Islands. The Department of Energy and Climate Change has subjected BP’s application, including the environmental impact and emergency response plans, to detailed and extensive scrutiny, and the Health and Safety Executive has undertaken a thorough examination [...]
BP has acquired a further 20% equity interest in Block 2714A, offshore Namibia, from its partner in the license Petrobras, reports Chariot Oil & Gas. Chariot, also a partner in the licence, explains that, following the agreement between BP and Petrobras, the ownership of Block 2714A now stands at Petrobras (Operator) 30%, BP 45% with [...]
The deep water geological basins offshore Namibia, including the Luderitz Basin, are at the early frontier stage of exploration. Although the presence of very large structures have been shown to exist from seismic surveys, very few wells have been drilled in the deeper water Namibian basins to date and the full hydrocarbon potential of the area has not yet been fully tested.
The contract follows on the heels of Hamworthy’s recent deal to supply its inert gas generator packages for the same project, with delivery also scheduled for 2012.
Reuters reports that BP has restarted oil production from Foinaven field, located west of the Shetland Islands, after it had been shut due to a small leak in January. “Production re-started from the Foinaven field over the weekend, following a one-month shutdown for precautionary inspections and testing of the pipelines,” Reuters quoted BP’s spokesperson as [...]
