Seabird has won a contract for a 3D survey in Asia.
Seabird has won a contract for a 3D survey in Asia. The survey is due to start at the end of Q1 and is expected to be completed in Q2 this year. Seabird will also enter into a framework agreement with the customer, under which further work may be awarded.
Premier Oil has announced the proposed acquisitions of the Andrew Area and Shearwater North Sea assets from BP for $625 million, and an additional 25% interest in the Premier-operated Tolmount Area in the North Sea from Dana for $191 million plus contingent payments of up to $55 million.
Eni has signed a production sharing contract to explore the Dumre Block, onshore Albania after a tender launched in September 2019 by the Albanian National Agency for Natural Resources. The Dumre Block covers 587 km2 and is located 40 km south of Tirana in a ‘proven’ hydrocarbon area with good oil prospectivity.
Weatherford International has completed its financial restructuring and emerged from chapter 11 bankruptcy protection. The company has reduced approx. $6.2 billion of debt, secured $2.6 billion in exit financing facilities, including a $450 million revolving credit facility, secured a $195 million letter of credit facility, and more than $900 million of liquidity. New board members have been appointed including Thomas R. Bates (chairman), Jr, John F. Glick, Neal P. Goldman, Gordon T. Hall, Mark A. McCollum, Jacqueline Mutschler, and Charles M. Sledge.
Hibiscus Petroleum has completed acquisition of North Sea blocks 15/18d and 15/19b in production licence P2366 from United Oil & Gas and Swift Exploration for £5.9 million. The blocks are located offshore in the UK sector of the North Sea, 250 km northeast of Aberdeen. They include the Crown Discovery which consists of 2C contingent resources that range between 4 to 8 million barrels of oil.
