The technology, called SmartTouch, will be integrated into remotely operated vehicles (ROVs) equipped with stress wave-based smart touch sensors, video cameras, and scanning sonars.
Energy Minister Giorgos Papanastasiou revealed that the involved parties now have a 30-day window to engage in discussions to seek a resolution.
The initial phase involves conducting a geophysical site survey using a dedicated vessel in the Southern North Sea area.
The project aims to expand the Al Shaheen oilfield, with plans to achieve an oil production plateau of 300,000 barrels per day.
The substantial topsides component was meticulously constructed by Azfen at the Bayil fabrication yard, utilizing local infrastructure and resources.
The comprehensive drilling and completion operations are projected to span approximately 538 days, with an anticipated completion date in February 2025.
The agreement encompasses conventional energy projects and transition projects in the carbon capture, low-carbon fuels, and hydrogen sectors.
UK Prime Minister Rishi Sunak has expressed his commitment to "max out" developments in the North Sea while announcing government support for future oil and gas licensing rounds.
During a call with analysts on Tuesday, following the release of BP's latest results, Looney revealed that the Seagull project is now expected to come online "later" in 2023.
The drilling of the Kupe South 9 development well, contracted for 70 days, was initially scheduled to start in the third quarter of 2023 but has been delayed to late in the first quarter of 2024.
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