Reposition Contracts for Offshore Installation and Mobilization Risk

FPSO BW Opal; Source: Santos BW Offshore has disclosed the completion of the interim performance test (IPT) for the FPSO BW Opal, as part of the commissioning program for Santos’ Barossa LNG project offshore northern Australia

The company emphasizes that it remains focused on safe and stable operations, the completion of the remaining commissioning activities, and progress toward practical completion, which will mark the commencement of the long-term firm contract period for the vessel. This FPSO, which is situated at the Barossa gas field, approximately 285 kilometers offshore Darwin in the Northern Territory of Australia, is expected to feed the Darwin LNG plant for the next two decades

The company emphasizes that it remains focused on safe and stable operations, the completion of the remaining commissioning activities, and progress toward practical completion, which will mark the commencement of the long-term firm contract period for the vessel

Once the jacket arrives in the Black Sea, it will be lifted and placed vertically by the Saipem 7000 crane vessel, then installed on the seabed and anchored with eight 2

In addition, there is the laying of a 30-inch gas pipeline about 160 kilometers long and an associated fiber-optic cable from the offshore platform to the Romanian coast, including microtunneling for shore landing

A deal for the project was awarded to Saipem in August 2023 and entails the engineering, procurement, construction and installation of a gas production platform, consisting of the jacket fabricated in Arbatax, Sardinia, upon which the topside, the upper part of the platform, will be installed, coming from the firm’s shipyard in Karimun, Indonesia

The consent covers plugging and abandonment of 34/7-K-4 HT2, and the goal of the activity is to permanently plug the reservoir and Lista formation to improve the barrier status of the well

Home Fossil Energy Equinor’s North Sea P&A ops with COSL’s 2012-built rig cleared for action June 12, 2026, by Norway’s state-owned energy giant Equinor has received the Norwegian authorities’ blessing for plugging and abandonment (P&A) activities in the North Sea, which will be undertaken with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling player

COSL Promoter; Source: COSL Drilling Europe The Norwegian Ocean Industry Authority (Havtil) has granted Equinor consent to use the 2012-built COSL Promoter semi-submersible rig for permanent plugging and abandonment on the Tordis field