The transaction is anticipated to conclude in the first quarter of 2024, pending approval from Norwegian authorities.

The recent appraisal well, drilled by the Transocean Norge rig, aimed to minimize uncertainties in volumetrics and subsurface conditions within the Bergknapp discovery.

The Plataforma Deltana region is divided into five blocks, extending into the waters of Trinidad and Tobago.

With plans to commission 65 development wells, CNOOC aims for a peak production of around 37,000 barrels of oil equivalent per day (boepd) in 2024.

Developed by Neptune Energy, the Seagull field serves as a subsea tieback to the BP-operated central processing facility of the Eastern Trough Area Project.

Despite the prospectivity of the license, the undermining of investor confidence in the sector's development potential has impeded the transaction.

The contract encompasses the installation of approximately 75 kilometers of the two 16-inch export pipelines, along with field termination assemblies, in water depths ranging from 1,500 to 2,800 meters.

Initially planned for September 27, 2023, the sale will now take place on November 8, 2023.

Abu Dhabi-based Ocean Oilfield Integrated Solutions has embarked on a significant maintenance and upgrade project for a jack-up barge, a contract awarded by Gulf Marine Services.

The project aims to demonstrate the potential of on-demand cargo drone services in addressing logistical challenges, improving safety, and enhancing sustainability in offshore operations.