BOEM OKs Equinor – Shell Caesar Tonga Deal

The Bureau of Ocean Energy Management has approved Equinor and Shell’s transaction, whereby Equinor exercised its preferential right to acquire 22.45% interest in the Caesar Tonga oil field from Shell.

The deal is for a total consideration of USD 965 million in cash and it raises Equinor’s interest in the field at 46%.

Caesar-Tonga is located approximately 300 kilometers south-southwest from New Orleans, Louisiana in the Green Canyon area of the US Gulf of Mexico.

The development area covers blocks GC683, GC726, GC727 and GC770 at water depths of about 4,900 feet (1,500 meters).

The field is operated by Anadarko Petroleum Corporation, holder of the 33.75% interest. The remaining interest is distributed between Equinor (46%.) and Chevron (20.25%). The asset is tied back to Anadarko’s Constitution SPAR through subsea equipment.

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OTC ASIA 2020

The Offshore Technology Conference Asia (OTC Asia) is where energy professionals meet to exchange…

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

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For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

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Underwater Intervention (UI) 2020

Underwater Intervention Conference is a conference where oil and gas industry professionals, senior decision…

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Subsea Expo 2020

Subsea Expo is the world’s largest subsea exhibition and conference and is completely free to attend.

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