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

Further expansion planned for White Rose area offshore eastern Canada

Oct 28, 2013

Husky Energy expects gas injection to start before year-end at the South White Rose extension offshore Newfoundland & Labrador, the aim being to boost oil production.

TGS, PGS to expand seismic coverage offshore Newfoundland

Oct 23, 2013

TGS and PGS will co-operate on a new 2D seismic survey offshore eastern Canada.

Trending News

Uson Marine AB adds Uson Clean Pilot to marine waste management portfolio

Sep 2, 2014

Uson Marine AB, a provider of waste management systems to the marine and offshore industries, and Marine Position AB, have reached an agreement where Uson Marine AB will be the distributor of the Environmental Navigator, a product developed by Marine Position. The product will be sold and marketed under the name Uson Clean Pilot.

Deltamarin expands its services into EPC

Sep 2, 2014

Deltamarin Ltd has established a subsidiary to enlarge the scope of the group’s naval architecture and engineering services. The new company, Deltamarin Floating Construction Ltd, will focus on delivering engineering, procurement, construction, and installation solutions for the marine and offshore industry on turnkey basis.

Salamander plans further Bualuang facilities expansion offshore Thailand

Sep 2, 2014

Salamander Energy says the converted Suksan Salamander FSO has entered service on the Bualuang field in the B8/38 concession in the Gulf of Thailand.

Statoil, DNV GL to collaborate on subsea process standard

Sep 2, 2014

Statoil will work with DNV GL to develop an international industry standard for subsea process technology.

TGT satellite platform in place offshore Vietnam

Sep 2, 2014

SOCO International and its partners in the TGT field offshore southern Vietnam are targeting first oil in September or October 2015 for the nearby H5 accumulation. 

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

View more Job Listings >>