Industry News

Fugro signed two three-year contracts with Constellation to support responsible deepwater exploration activities in Brazil’s mature Campos Basin and the emerging Equatorial Margin.Fugro’s work will involve deploying advanced remotely operated vehicles (ROVs) aboard Constellation-managed vessels to carry out subsea equipment inspections, interventions and a range of observation and survey activities. The first campaign will begin this quarter in the Campos Basin on board the ultra-deepwater drillship Tidal Action, followed by a second deployment in early 2026 in the Equatorial Margin on board the drillship Amaralina Star.Fugro will outfit both vessels with its FCV 3000 ROV systems, a class of deepwater

TotalEnergies and its partner South Atlantic Petroleum signed the Production Sharing Contract (PSC) for the PPL 2000 and PPL 2001 exploration licenses offshore Nigeria, which were awarded following the 2024 Exploration Round organized by the Nigerian Upstream Petroleum Regulatory Commission.PPL 2000 & 2001, covering an area of approximately 2,000 sq km, are located in the prolific West Delta basin. The work program includes drilling one firm exploration well.（2025-09-03）

Subsea7 was awarded a ontract by Turkish Petroleum Offshore Technology Center (TP-OTC). The project was awarded for the development of phase 3 of the Sakarya field development in the Black Sea, offshore Turkey.Subsea7’s scope includes engineering, procurement, construction and installation (EPCI) of the subsea umbilicals, risers and flowlines (SURF). Project management and engineering will start immediately and will be managed by the Subsea7 office in Istanbul, Turkey.（2025-08-29）

Borr Drilling announced new contract commitments for two of its premium jackup rigs and an additional fleet update.In the North Sea, the Prospector 1 has received separate binding Letters of Award from Dana Petroleum and ONE-Dyas in the Netherlands. The Dana Petroleum commitment is for one well, with an anticipated duration of 30 days, scheduled to commence in November 2025.The ONE-Dyas commitment covers a period of three wells, with an anticipated duration of 210 days, and is expected to commence in December 2025, in direct continuation of the previous contract. The ONE-Dyas award includes options that may extend the work

SLB’s OneSubsea joint venture was awarded an engineering, procurement and construction (EPC) contract by Equinor for a 12-well, all-electric Subsea Production System (SPS) in the Fram Sør field, offshore Norway. The award follows a collaborative, year-long Front-End Engineering Design phase, where Equinor and SLB OneSubsea jointly matured the project, culminating in the development plan and final investment decision (FID).As part of the resulting EPC scope, SLB OneSubsea will deliver four subsea templates and 12 all-electric subsea trees, eliminating the need for hydraulic fluid supplied by the host platform and keeping topside modifications to a minimum.“Fram Sør marks the first large-scale

Equinor and partners have struck oil and gas in the Fram area, 9 km north of the Troll field in the North Sea. The discoveries were made in exploration well 35/11-31 S in production license 090.One exploration well has encountered petroleum in two reservoirs. One of the discoveries consists of both oil and gas, while the other one is just gas. In total, the resources are estimated at between 0.1 and 1.1 million standard cu m. The reservoir properties are assessed as moderate to very good. The preliminary name of the discovery is F-South.“These are discoveries in an interesting area

Tampnet secured a five-year contract with Island Drilling AS to supply a complete, next-generation communications stack for the harsh-environment semisubmersible Island Innovator. The service includes low-earth-orbit (LEO) satellite back-haul from Starlink and OneWeb, integrated with the Tampnet North Sea LTE and T-FAST (Multiple Carrier, Low Footprint, High Speed Antenna) microwave/fibre backbone.Combining this with an AI-driven orchestration layer that automatically routes each packet over the optimal path, the fully managed private 4G/5G network delivers seamless mobility and digitalization across the entire rig.“A well-connected rig is no longer a nice-to-have; it’s the backbone for remote operations and data-driven decision-making,” said Trygve Hagevik,

Aker BP has completed its Omega Alfa exploration campaign in the Norwegian North Sea, resulting in a significant oil discovery that adds substantial new resources to the Yggdrasil area. The recoverable volume is estimated at 96–134 million barrels of oil equivalent (boe).The campaign had five exploration targets – Omega, Alfa, Alfa South, Sigma NE, and Pi – through a multilateral well located west of Yggdrasil. In July, Aker BP preliminarily reported a discovery of 20–40 million boe from two of these targets. Following the completion of the campaign, the combined recoverable volumes have increased to 96–134 million boe.Drilling operations began