Talisman, SBM agree to end Yme MOPUstor project

Offshore staff

CALGARY, Canada – Talisman Energy Norge AS (TSX:TLM;NYSE:TLM) has agreed with SBM Offshore (AMS:SBMO) to terminate the YME MOPUstor project offshore Norway. The agreement calls for scrapping the existing above-surface structure.

Ownership of the in situ subsea structure will transfer from SBM Offshore to the Yme license holders who plan to assess options for field development.

SBM Offshore will pay the Yme partners $470 million, then Talisman will ensure safe re-manning and will then remove the MOPU from Yme. SBM will manage the transportation and scrapping.

“Recent analysis has concluded that a new topsides solution is needed in order to develop the Yme field,” said Paul Warwick EVP, Europe-Atlantic for Talisman. “Our first priority will be to remove the existing platform, safely and expeditiously.”

3/12/2013

Related Articles

TGS signs LOA for 2D surveys over Mexico, US Atlantic

Jan 14, 2015

TGS has signed a letter of award (LOA) with SeaBird Exploration to acquire up to 300,000 km (186,411 mi) of 2D seismic data offshore Mexico and in US Atlantic waters.

Suncor eases back on eastern Canada commitments

Jan 14, 2015

Suncor Energy says it plans a $1-billion reduction in its capital spending program this year.

Woodside secures farm-in offshore Nova Scotia

Jan 8, 2015

Woodside Petroleum has finalized an agreement with BP to farm in to 20% of various offshore blocks in Nova Scotia’s Scotian basin.

Husky targets mid-year start-up for South White Rose offshore Newfoundland

Dec 17, 2014

Husky Oil expects first oil in mid-2015 from the South White Rose satellite extension offshore Newfoundland & Labrador.

Exxon awards 52-well Hebron wellhead and production tree order to Cameron

Dec 2, 2014

ExxonMobil Canada Properties has contracted Cameron to supply wellhead equipment and production trees for the Hebron project offshore Newfoundland.

Trending News

Online exclusive: Oil and gas M&A activity on the uptick in 2015

May 21, 2015

While this year is likely to see a renewed level of mergers and acquisitions activity across the oil and gas sector globally, 1Q 2015 witnessed stalled activity due to a low oil price environment. 

Jee to engineer injection riser system for North Sea polymer platform

May 21, 2015

Amec Foster Wheeler has awarded Jee a front-end engineering and design contract for a jacket rigid polymer injection riser package, including J-tubes.

Bahamas moves closer to Petroleum Act

May 21, 2015

The Bahamian House of Assembly is reviewing a Petroleum Bill and associated regulations and a Sovereign Wealth Bill. 

Gazprom to re-start drilling in Yuzhno-Kirinksoye area

May 21, 2015

Gazprom has outlined its main exploration goals this year on the Russian continental shelf.

UK North Sea CO2 storage study moves into appraisal phase

May 21, 2015

The Energy Technologies Institute has selected a consortium led by Aberdeen-based consultancy Pale Blue Dot Energy to work on an offshore carbon dioxide storage project.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

Search More Job Listings >>