Stay Connected

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

WGPSN secures contract extension on Hibernia platform

Nov 19, 2014 Wood Group PSN (WGPSN) will continue its provision of engineering, procurement, and construction services to the Hibernia platform, offshore Newfoundland and Labrador, under a new multimillion-doll...

AOSL uses Saab Seaeye Falcon ROV in iceberg warning research

Nov 18, 2014 Rigs at risk from drifting icebergs can expect an early warning following research by the Memorial University of Newfoundland in Canada. The Autonomous Ocean Systems Laboratory at the university is...

Arctic exploration requires local engagement, industry cooperation

Nov 14, 2014

To succeed in the emergent High North, companies need to find original solutions and set examples for others, not only technically but also organizationally.

Golden Eagle nearing startup in North Sea

Oct 30, 2014

Suncor Energy expects first oil from the Nexen-operated Golden Eagle project in the UK central North Sea before year-end.

Petrofac to manage Nova Scotia deepwater development study

Oct 29, 2014

The government of Nova Scotia has contracted Petrofac to help identify the best means of exploiting the eastern Canadian province’s ultra-deepwater oil potential.

Trending News

ExxonMobil awards Alternate Path completion license to Delta Screens

Nov 21, 2014

ExxonMobil Upstream Research Co. has awarded Delta Screens & Filtration LLC a limited international license to ExxonMobil’s Alternate Path technology patent portfolio for gravel packing cased-hole and openhole completion wells.

 

EMGS receives survey contract award in Brazil

Nov 21, 2014

Electromagnetic Geoservices ASA has received a contract worth $1.5 million for a research project in Brazil.

QinetiQ acquires seismic capabilities from SR2020

Nov 21, 2014

QinetiQ has acquired the seismic processing and imaging capability of SR2020 Inc. for a purchase price of up to $1.7 million.

Ocean Installer to place Delta House umbilicals

Nov 21, 2014

Ocean Installer has been awarded a contract for an umbilical installation project with Oceaneering for LLOG Exploration on the Delta House project.

Petrobras starts-up FPSO Cidade de Ilhabela

Nov 21, 2014

Petrobras has started production through the FPSO Cidade de Ilhabela from the Sapinhoá field in the Santos basin presalt offshore Brazil.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

Search More Job Listings >>