Cash Deal
Serica Energy has agreed to acquire Pharos Energy in a cash deal, valuing the oil and gas producer at approximately $194.5 million.
[Read more…] about Serica Energy agrees $194m Pharos Energy acquisitionPharos expands jet trenching fleet with 620hp TROV
General – Trenching Fleet
Pharos Offshore Group announced the expansion of its trenching fleet with the acquisition of UTV620.
[Read more…] about Pharos expands jet trenching fleet with 620hp TROVPharos Energy launches six-well drilling campaign
Fossil Energy – Drilling Vietnam
Pharos Energy has officially kicked off a six-well drilling campaign offshore Vietnam.
[Read more…] about Pharos Energy launches six-well drilling campaignNew UTV1100 contract for work on UK OWF
Wind Energy – Export Cables
Pharos Offshore announced the award of a new contract for the burial of export cables on one of the world’s largest wind farms to the UK power grid.
[Read more…] about New UTV1100 contract for work on UK OWFQ1000 jet trencher completed trenching campaign
Fossil Energy – Trenching
The Q1000 jet trencher of Pharos Offshore recently completed a trenching campaign in the Cassiopea field, burying over 115km of rigid pipeline, umbilicals, and flexible flowlines.
[Read more…] about Q1000 jet trencher completed trenching campaignUTV670 completed cable burial installation campaign
Wind Energy – Burial Installation Campaign
Pharos Offshore Group announced that its surface fed trenching vehicle UTV670 has completed her most recent cable burial installation campaign on a European Offshore Windfarm.
[Read more…] about UTV670 completed cable burial installation campaignTrenching contract for Pharos in Red Sea
General – Red Sea
The Pharos Offshore Group announced the award of a significant trenching scope of works within the Red Sea.
[Read more…] about Trenching contract for Pharos in Red Sea