Sea Technology

MAY 2018

The industry's recognized authority for design, engineering and application of equipment and services in the global ocean community

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Page 35 of 44 May 2018 | ST 35 Shell Discovery in Gulf of Mexico Shell Offshore Inc. announced one of its largest U.S. Gulf of Mexico exploration finds in the past decade from the Whale deepwater well. The well encountered more than 1,400 net ft. (427 m) of oil-bearing pay. Evaluation of the discovery is ongoing, and appraisal drilling is underway to further delineate the discovery and define development options. Whale is operated by Shell (60 percent) and co-owned by Chev- ron U.S.A. Inc. (40 percent). It was discovered in the Alaminos Canyon Block 772. This major discovery in a Shell heartland adds to the company's Pa- leogene exploration success in the Perdido area. Through exploration, Royal Dutch Shell has added more than 1 billion barrels of oil equiva- lent resources in the last decade in the Gulf of Mexico. Shell currently has three Gulf of Mexico deepwater projects under construction, as well as investment options for additional subsea tiebacks and Vito, a poten- tial new hub in the region. TechnipFMC to Acquire Island Offshore Subsea TechnipFMC has signed an agreement with the Island Offshore group to acquire a 51 percent stake in Island Offshore's wholly owned subsidiary, Island Offshore Subsea AS. Island Offshore Subsea AS pro- vides riserless light well interven- tion (RLWI) project management and engineering services for plug and abandonment (P&A), riserless coiled tubing and well completion operations. It employs approxi- mately 80 staff. In connection with the acquisi- tion of the controlling interest, Tech- nipFMC and Island Offshore will enter into a strategic cooperation agreement to deliver RLWI services on a worldwide basis, which will also include TechnipFMC's RLWI capabilities. Island Offshore Subsea AS will be rebranded, and it will become the operating unit for TechnipFMC's RLWI activities taking place around the world. Transocean Closes Songa Offshore Acquisition Transocean Ltd. along with Transocean Inc. received all re- quired regulatory approvals and has completed compulsory acquisition of all shares in Songa Offshore SE that were not already owned by Transocean. Transocean pursued a delisting of the Songa Offshore shares from the Oslo Stock Exchange as soon as possible after the compulsory ac- quisition was complete. Songa Offshore's shares re- mained listed on the Oslo Stock Ex- change until March 28, 2018. offshore oil & ocean engineering

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