Eastern Mediterranean News

(Photo: Jumbo)

Jumbo Wins Leviathan Work

contract to perform the task of lowering the manifold onto the seabed at a 1,643-meter water depth and installing various other SSIV’s and valve skids at a water depth of approximately 86 meters.In addition, Jumbo said it will also transport various equipment from the U.S. Gulf Coast to the Eastern Mediterranean.The Jumbo team will also provide project management and engineering services for this scope of work, including attendance of HIRAs and review of Technip procedures and analyses.“Jumbo will appoint one of her offshore HLCV’s to complete this project in early 2019. By using one

Ardent, Vernicos, EPE have combined forces to form a partnership for future operations within Eastern Mediterranean and the adjacent waters Photo Ardent Global

Ardent, Vernicos, EPE Partner

Ardent, Vernicos Tugs and Salvage, a Greek-based tug & salvage service provider and Environmental Protection Engineering (EPE) a Greek-based Oil Spill Response provider, have formally partnered for future operations within Eastern Mediterranean and the adjacent waters. The three companies signed a cooperation agreement on 20th March 2018 to closely work together on future opportunities and at the same time retain their own corporate identities. Ardent, announces the formation of a partnership with Vernicos Tugs and Environmental Protection Engineering S.A. (EPE). This cooperation strategically

Noble Energy Contract for Schlumberger

Schlumberger today announced the award by Noble Energy of an engineering and supply contract for a two-thousand-ton single-lift process module to be installed on the Leviathan Platform in the Eastern Mediterranean.   The scope of the contract includes pretreatment, salt removal and regeneration of monoethylene glycol (MEG) for reinjection in the subsea flowlines for hydrate inhibition. The Schlumberger PUREMEG reclamation and regeneration system is a proprietary technology that will be supplied as a single-lift module for installation on the production platform.   “Our advances in

MV Kobi Ruegg (Photo: Fugro)

MV Kobi Ruegg Joins Fugro Survey Fleet

a full range of geophysical survey and geotechnical sampling equipment, as well as a Seaeye Panther remotely operated vehicle (ROV), the vessel is based in Alexandria, Egypt. From her new home port of Abu Qir, she will deliver Fugro’s marine site characterization services to clients in the Eastern Mediterranean and Red Sea.   At the formal naming ceremony held in Egypt in September, Fugro’s Regional Director, Mike Dravitzki, highlighted how the new vessel sent signaled Fugro’s commitment to Egypt and the wider Middle East region

The new center will investigate key underwater and coastal archaeological sites around the world. (Photo: Scripps Institution of Oceanography)

Marine Archaeology Center Launched

of 2016, and a scientific expedition in Greece to study the Late Bronze Age collapse of the Mycenaean civilization led by Levy and Scripps paleobiologist Richard Norris in the summer of 2016.    Over the next two years, the center plans to launch a series of research projects in the eastern Mediterranean, southern Peru, Puerto Rico, Belize, and along the California coast.   “There are hidden coastlines all around the world where civilizations and cultures flourished, and so that’s the place that we want to sample when we do these studies,” said Levy, holder of the

Courtesy  Van Oord

Van Oord Bags Two Egyptian Offshore Deals

; The growth of the global economy and the expanding world population are generating an increasing demand for energy worldwide. In North Africa, and especially in Egypt, the demand for gas is rising for electricity generation. A string of sizable natural gas discoveries has been made in the eastern Mediterranean Sea over the past decade. The West Nile Delta development will make an important contribution to Egypt’s economic development and will ensure the country’s energy supply for the long term. Production from the West Nile Delta is expected to be around 1.2 billion cubic feet a day

Subsea Hardware Spend to Remain High Due to Order Backlog

growth story as they benefit from continued hydrocarbon demand growth, declining conventional reserves and technological improvements. Over the next five years, development activity in the established deepwater provinces, coupled with the start of field development in frontier areas, such as the Eastern Mediterranean and East Africa, will support expenditure.   “Subsea hardware spend will be the highest in Africa, Asia and Latin America, with the three regions combining to form almost half of the global total. Expenditure continues trending towards deeper waters with around 42% of total spend

Greece to Launch Major Oil Quest in July

import bill. Several blocks covering a combined area of more than 200,000 square kilometres in the Ionian Sea and south of the island of Crete are expected to go under the hammer. Greece has been encouraged in its quest by big offshore natural gas finds in Israel and Cyprus, nearby in the Eastern Mediterranean. The plan has been code-named "Greece MegaProject" by Petroleum Geo-Services, the Oslo-based firm which completed seismic tests there earlier this year. Energy Minister Yannis Maniatis will present the tender and PGS's geological findings at a London conference on July 1-2

Calvin Ling BEng (Hons), MSc, Douglas-Westwood, Singapore is involved with the day to day execution of strategic consulting & transaction support services for a range of corporate and financial clients within the energy and oil & gas industry.

Increase in Demand for the Hot Subsea Vessel Market

vessel demand for both IRM and field development will account for over 45% of the total. RoWE The Rest of Western Europe is also a mature region, with shallow water production and little deepwater activity to date. However, there are potential deepwater gas developments in the waters of the eastern Mediterranean. Apart from those, the maturity of the infrastructure in the region means that IRM plays a significant role in vessel demand. Conclusions Global demand for subsea vessel operations is expected to grow rapidly over the forecast period particularly for the higher specification vessels.

Photo: Douglas-Westwood

Subsea Vessel Market Poised For Increase in Demand

deeper waters, the requirement for vessels for a longer duration on site and with higher specifications are increasing, giving rise to higher expenditure prospects. Opportunity will also arise from the major pre-salt developments offshore Brazil and potentially West Africa, the prospects in the eastern Mediterranean and eventually the ultimate subsea challenge – the Arctic.” douglas-westwood.com  

Subsea Hardware Spending to Double to $124 Billion

and our study shows the sector has become a very sizable opportunity for the oilfield service and equipment industry. The outlook for the subsea hardware market shows long-term growth potential, particularly in Africa, Asia-Pacific and Brazil and in addition new markets are developing in the Eastern Mediterranean and East Africa,” said MacCormack.  

Marine Technology Magazine Cover Jun 2019 - Hydrographic Survey: Single & Multibeam Sonar

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