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SPE.org 

Ashtead Technology has acquired Louisiana-based subsea equipment rental and cutting services specialist, Aqua-Tech Solutions, as part of the company’s international growth plans in the US. The decision comes after the company’s discovery of an additional 400 million bbl of oil in place at Atlantis, one of the largest fields in the gulf. The expansion is expected to boost production of the deepwater Gulf of Mexico platform by approximately 30,000 BOE/D. It is the fourth major upstream project to begin production for BP in 2018. The Port Fourchon, Louisiana, facility will serve as the base for the company’s operations in the area.