The Argeo Searcher will be deployed for the project for around 60 days starting in Q3 2024.
Located 220 kilometres off the coast of Trinidad in 2,100 metres of water, the Calypso field is estimated to hold 90.6 bcm (3.2 tcf) of natural gas. It is licensed to Woodside, with a 70% participating interest, and partner BP, which holds 30%.
“This contract ignites our Caribbean and South American campaign to provide top-tier deep-water services within the North and South Americas (NSA) geomarket,” Argeo CEO Trond Figenschou Crantz said.
Argeo is a provider of geophysical surveying and mapping services with a strong focus on robotic solutions.
Last month, Woodside was reported to be seeking improved fiscal terms for developing the project. A report by Reuters cited CEO Meg O’Neill as saying the production-sharing contract for the field was designed for a more lucrative oil discovery rather than natural gas.
In January, BP said an FID on the project was anticipated by end-2025.
Photo courtesy of Argeo.
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More
Presight has acquired a 51% shareholding in AIQ, an energy-focused AI player founded by ADNOC and G42, the companies announced… Read More
UK engineering contractor Wood has been awarded a decarbonisation project by TotalEnergies to support flare gas recovery in the North… Read More
Oslo-listed Shelf Drilling has secured a contract for the Shelf Drilling Fortress jack-up rig with an undisclosed North Sea operator… Read More
This website uses cookies.