In-well fiber optic technology can lead to production improvements in the order of several hundred million dollars per asset.

Acoustic Data, a global leader in wireless well technology, has developed a new slickline deployed high expansion retainer for cement and metal alloy plug and abandonment (P&A) applications. In the case of new-generation metal alloy plugs, the HEX-Retainer™ can be integrated with the company’s SonicGauge™ Plug Verification System (PVS) for real-time long-term barrier integrity monitoring purposes.

Baker Hughes has announced the successful launch of Terminator, its vessel-deployed subsea wellhead cutting system. Using a first-of-its-kind mechanical wellhead removal method, the Terminator system has already proven its capabilities by successfully cutting a subsea wellhead from an abandoned exploration well owned by Wintershall DEA in Norway.

The theme for Subsea Expo in 2021 will be Oceans of Opportunity – harnessing the Blue Economy.  

C-Kore Systems has finished a series of deployments with an Australian operator to perform detailed measurements of downhole gauges.

TechnipFMC has been awarded a large⁽¹⁾ contract by Exxon Mobil Corporation (subsidiary Esso Exploration and Production Guyana Limited (“EEPGL”) for the subsea system for the proposed Payara project.

CGG GeoSoftware has launched WellPath, a new interactive 3D well path planning solution for optimal well planning in unconventional and fractured reservoirs and offshore development platforms, as part of its InsightEarth® 3D visualization and interpretation software suite.

Aker Solutions has been awarded a contract from Equinor for the delivery of a subsea production system for the Breidablikk development in the North Sea. The contract value is estimated at about NOK 2.5 billion, including options.

Aker Solutions won an order from ConocoPhillips to deliver the subsea production system for the Tommeliten Alpha development offshore Norway. The estimated contract value is about NOK 1.2 billion.

SBM Offshore announces that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of Exxon Mobil Corporation, has confirmed the award of contracts for the next phase of the Payara development project located in the Stabroek block in Guyana.

Nexans has signed a contract with Subsea 7 to design and manufacture 46 km of umbilicals for the Sangomar field, offshore Senegal.

ProSep, a global solutions provider of proprietary high-efficiency mixers and clean water technologies, has recently secured a multi-million dollar contract with a leading Middle-East based contractor.

Mammoet was selected by PTSC Mechanical & Construction Company to complete a four-phase project for the Sao Vang and Dai Nguyet (SVDN) gas and condensate development project, located approximately 300km south-east of Ho Chi Minh City, offshore Vietnam.

Hess  announced it has made a final investment decision to proceed with development of the Payara Field offshore Guyana after the development plan received approval from the government of Guyana. Payara is the third oil development on the Stabroek Block; gross production capacity from the three developments is expected to reach approximately 560,000 barrels of oil per day in 2024.

Equinor and its license partners Petoro AS and Wellesley Petroleum AS have found oil and gas in the Swisher prospect. Recoverable resources are estimated to be in the range of 2-6 million standard cubic meters of oil equivalent, corresponding to 13-38 million barrels of oil equivalent.

Equinor and partners Petoro, Vår Energi and ConocoPhillips Skandinavia have decided to develop the Breidablikk field in the North Sea. The partnership will submit the plan for development and operation to the Minister of Petroleum and Energy, in addition to awarding contracts for subsea facilities and upgrading of the Grane platform.