Optime Subsea Reels In Equinor’s Rosebank Deal
a sustainable and innovative future for the subsea industry,” said Jan-Fredrik Carlsen, CEO of Optime Subsea.Optime has already delivered multiple ROCS systems and observes that this is gradually becoming a new standard method for such operations.To remind, Equinor and its UK-based partner Ithaca Energy made the final investment decision (FID) to progress the Phase 1 of the Rosebank development on the UK Continental Shelf in September 2023.Together, the companies are investing $3.8 billion in the Phase 1 development, targeting an estimated 245 million barrels of oil. Phase 1 and 2 combined are
Countdown is On for SPE Offshore Europe 2023
beyond’.Plenary speakers include:•Kamel Ben Naceur – SPE Offshore Europe Conference Chair, 2022 SPE President and CEO of Nomadia Energy Consulting•The Rt Hon Graham Stuart – Minister of State for Energy Security and Net Zero•Gilad Myerson – Executive Chairman, Ithaca Energy•Chris Weaton – Managing Director, Oil & Gas Stifel•Jarand Rystad – Chief Executive Officer, Rystad Energy•Stuart Payne – CEO, North Sea Transition Authority•Maria Claudia Borras – Executive Vice President, Oilfield Services and Equipment, Baker
Rovco Completes Decom Deal with Well-Safe Solutions
survey work on an abandoned subsea wellhead in UK waters in 2021.During the project, which mobilized in July, Rovco provided Well-Safe Solutions with field survey operations, to decommission a platform which ceased production in 2015. Earlier this year, Well-Safe Solutions signed an agreement with Ithaca Energy to plug and abandon six wells on the platform. Work being carried out by Well-Safe Solutions will continue into 2023.The project used the VOS Star, on charter from Vroon, equipped as standard with Seaeye Leopard work-class ROVs, fitted with multi-beam echo sounders, the highest quality 4K stereo
JF Subtech Wraps Subsea IRM work on Ithaca Energy's North Sea Platform
James Fisher Subtech (JF Subtech), a provider of specialist technical marine support to the offshore energy industry, said Tuesday it had completed a subsea inspection, repair, and maintenance project on Ithaca Energy UK North Sea platform.The project was carried out on the Floating Production Facility, the FPF-1, located around 280 kilometres East-Southeast of Aberdeen."The project, which was prepared for at short notice and partially conducted during the FPF-1 shutdown period, saw JF Subtech achieve incident free operations with a 99 percent equipment operational uptime rate. Its completion
M2 Subsea Completes North Sea Project
ROV services provider M2 Subsea has completed a contract with Ithaca Energy UK Limited to conduct a subsea system survey of a North Sea field.The company deployed the Go Electra multi-service vessel equipped with a Triton XLX work class ROV to the Stella field, located 280km off Aberdeen with a water depth of 85m.The scope of work included the survey and inspection of subsea systems including pipelines and subsea structures.M2 Subsea mobilized a team from its Aberdeen headquarters this month to carry out the work.
DOF Subsea Wins Athena Decommissioning Work
Subsea services provider DOF Subsea said it has been awarded a contract by Ithaca Energy for phase 1 of the decommissioning of the Ithaca operated Athena Field in the U.K. North Sea. Athena is located in U.K. Continental Shelf block 14/18B in the central North Sea (Outer Moray Firth area) at a water depth of 130 meters. DOF’s scope of work includes the removal of the subsea water column infrastructure that has been used on the field, where Ithaca ceased production in January 2016, with the FPSO departing the field in February 2016. The contract involves the removal of mid-water
Ithaca GSA Satellites Acquisitions
Ithaca Energy Inc. has expanded its core position in the Greater Stella Area ("GSA"), with four agreements entered into for the acquisition of additional interests in the "Vorlich" discovery and an operated interest in the "Austen" discovery. Highlights * Interest in the Vorlich discovery increased from approximately 17% to 33% - additional licence interests acquired from ENGIE E&P, INEOS and Maersk * Approximately 4 MMboe1 of net proven and probable reserves added to the portfolio from the additional Vorlich licence interests *
Ithaca Energy Completes RBL Redetermination
Ithaca Energy Inc. announced having successfully completed its planned semi-annual reserves based lending (“RBL”) facilities review and continues to maintain in excess of $100 million of funding headroom ahead of planned first hydrocarbons from the Greater Stella Area in the third quarter of 2016. The Company commenced deleveraging the business in 2015 with net debt reducing from a peak of over $800 million in the first half of 2015 to $630 million at 31 March 2016. Following the RBL redetermination process the Company’s available bank debt capacity is over $430 million prior
Costain Saves Operator Millions in N. Sea Exploration Project
UK engineering solutions provider Costain has been instrumental in helping Ithaca Energy save several millions of pounds, thanks to its sound management of subsea contracts in the operator’s Greater Stella Area (GSA) Development in the central North Sea. Costain has been working on the project, which is driven by the recovery of approximately 60 million barrels of oil equivalent of proven and probable reserves for the GSA co-venturers, since 2010 and will be supporting the project to first oil, which is anticipated in mid-2016. Costain’s involvement started at the concept
February 2024
