Operating under the joint venture Caspian Integrated Maritime Solutions (CIMS), the vessels represent a combined investment of $35 million and are tailored for the Caspian's shallow draft, meeting international oil companies' requirements.

Initially reported as targeted and boarded, the tanker's 22 crew members are confirmed to be safe and unharmed.

Siem Helix 1 and Siem Helix 2, both constructed in 2016, boast dimensions of 158 meters in length, 31 meters in beam, and an accommodation capacity for 150 individuals.

Currently operational in the Golfinho field offshore Brazil, the FPSO is contributing around 10,000 barrels per day of oil production.

The value of the options amounts to approximately $138 million, excluding integrated services, performance incentives, and fuel.

NEO Energy intends to redeploy the FPSO at the Buchan field redevelopment in the central North Sea, near the United Kingdom.

These agreements mark a strategic move by Karoon to bolster its asset base and broaden its presence in the international oil and gas market.

The approval is for drilling two observation wells at the Statfjord satellites area, specifically related to the Statfjord North field.

The FPSO is expected to achieve an initial production rate of approximately 220,000 barrels per day over the first half of the next year as additional wells are brought online.

Norwegian offshore vessel operator Eidesvik Offshore has once again prolonged its collaboration with Wintershall Dea, securing an additional contract extension for its renowned platform supply vessel (PSV) Viking Princess.