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Borr Drilling’s high-spec
Prospector 1 has returned to work after a brief stay in Den
Helder while in between contracts. The jack-up is on contract with Total in the
Dutch sector and is reported to be on location in block K/4. The firm period
for the fixture is expected to last up to four months, although the operator
has an option to extend the contract if required.
Meanwhile, the Valaris
has finished a P&A programme in the Fulmar field for Repsol which signalled the end of a five-month commitment with the operator. It is now with DNO and
is on location in the Ketch gasfield, in southern UK block 44/28b, for another abandonment programme covering nine wells. It is
JU-100 will be on contract until June 2020, but currently
has no forward work in place after the commitment with DNO.
The North Sea has the potential to become a global showcase for the energy transition as a number of low carbon solutions grow in prominence, with partnership models becoming critical for the future of the basin, according to Turning the Tide – the Transformation of the North Sea, a new report from PwC and Oil & Gas UK. The report shows the North Sea can become a global leader for the energy transition through the likes of carbon capture, utilisation and storage technology, aided by the alternative use of infrastructure and the production of hydrogen. The industry can
expect to see an increased focus on innovation to drive the next wave of
competitiveness, given that operators and service companies have cut costs as
far as is sustainably possible. There is now a need for new
solutions for driving performance.
CGG plans to undertake the biggest multi-client ocean bottom node survey to date in the UK Central North Sea. In the first phase of the multi-year programme, CGG aims to acquire over 2,000 sq km of data using long-offset, full-azimuth coverage and good low-frequency signal in shallow water aimed at improving imaging deeper reservoir targets in the CNS, where complex salt diapirism presents significant challenges. The survey, scheduled to start in early-2020, has already received significant industry interest and is being prefunded in part by BP. First results are targeted for first-quarter 2021. CGG CEO Sophie Zurquiyah says: “The new data set will complement CGG’s extensive high-quality Cornerstone towed-streamer data library in the area and support the OGA's strategy for maximising economic recovery.”