Highlights of the Week

Business & Finance

Highlights-of-the-week..

Subsea World News has put together a recap of the most interesting articles from the previous week (June 19 – June 25).


Aquaterra Energy has won a contract to supply subsea high pressure riser (HPR) equipment and services for a subsea abandonment project in the central North Sea.

The multi-million pound deal will see Aquaterra facilitate the abandonment of ten subsea wells via deployment of a subsea HPR system from a jack-up rig.

Riser analysis was completed in-house by Aquaterra and validated by Bureau Veritas.


Skills Development Scotland has awarded The Underwater Centre in Fort William funding to help ensure that Scotland is ready to supply the qualified workforce that the subsea industry will need in the future.

The downturn in the oil and gas industry has led to a reduction in training, both by individuals and companies. Without ongoing investment in training, skills will be lost to the industry as older workers retire without the skilled workforce to replace them.


Ocean Installer has been awarded a SURF project at the Al Jurf oil field in the Mediterranean.

The Al Jurf oil field is located about 150 km northwest off the coast of Tripoli, Libya, at a water depth of approximately 80-90 meters.

The field is operated by Mabruk Oil Operations, a joint venture (JV) between Total E&P and the National Oil Cooperation (NOC) of Libya.


Statoil has informed that the plans for development and operation (PDO) of Njord and Bauge in the Norwegian Sea have now been approved by the authorities.

The Njord A platform and the Njord Bravo floating storage and offloading vessel (FSO) will be upgraded to recover the remaining resources in the Njord and Hyme fields, whereas Bauge is a new field development to be tied in to the Njord A platform.


The Norwegian Directorate of Fisheries has decided to reject the application from Aqualine for 10 development permits for the concept of “Aqualine Subsea System – submerged industrial production”.

Last year Aqualine applied for the development permits with aim to develop and market a submersible system that could contribute to solving salmon louse problems in the aquaculture industry.