Oceaneering Wins Integrated Rig Services Deal in Gulf of Mexico
Oceaneering's Subsea Robotics (SSR) and Offshore Projects Group (OPG) have been awarded an integrated rig services contract covering the Murphy Oil-operated Khaleesi/Mormont and Samurai fields in the U.S. Gulf of Mexico.The work scope includes the provision of remotely operated vehicles (ROVs) with collocated ROV tooling and technicians, remote positioning and metrology survey resources, and installation and workover control system (IWOCS) equipment and technicians. Work is scheduled to begin in early 2021 and carry into 2022. Earl Childress, Senior Vice President and Chief Commercial
TechnipFMC Orders Oceaneering Connectors for Gulf of Mexico Projects
Oceaneering has been awarded a connector supply contract from TechnipFMC to provide 2-inch M5 Connectors and Chemical Throttle Valves (CTV) for Murphy Oil's Khaleesi/Mormont and Samurai tieback project in the U.S. Gulf of Mexico (GoM).Oceaneering said that its M5 connector provides an easy-to-install, fly-to-place connection solution that enables injection of gas or chemicals into subsea infrastructure and serves as an access point for future subsea field intervention activities such as gas lift, chemical injection, well stimulation, hydrate remediation, flooding and venting operations, acid
Aker Solutions' Umbilicals for Murphy's King’s Quay FPS
the umbilicals and distribution equipment will take place at Aker Solutions' facility in Mobile, Alabama in the United States. The work starts immediately and the delivery is planned for the fourth quarter of 2021, Aker Solutions said.The Norwegian company did not provide details on the financials.Murphy Oil sanctioned the King’s Quay project in the US Gulf of Mexico in 2019. Anchored by the deepwater Khaleesi/Mormont and Samurai developments, the King’s Quay floating production system (FPS) facility will receive and process up to 80 MBOPD. The semi-submersible production unit is scheduled
Murphy Oil Closes Gulf of Mexico JV
Murphy Oil Corporation announced that it has closed its previously announced deal to form a Gulf of Mexico joint venture with Petrobras.The global independent oil and natural gas exploration and production company said in a press release that its wholly owned subsidiary, Murphy Exploration & Production Company - USA, has closed the previously announced strategic deep water Gulf of Mexico joint venture with Petrobras America (PAI), a subsidiary of Petrobras for net cash consideration of approximately $795 million.The transaction has an effective date of October 1, 2018, it added.Murphy’s
Subsea Integration Alliance Awarded Deepwater Integrated EPCIC Contract
Subsea Integration Alliance has announced the industry’s first deepwater integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) multiphase boosting system award. This award, by Murphy Exploration & Production Company–USA, a subsidiary of Murphy Oil Corporation, is for the industry’s longest deepwater subsea multiphase boosting tieback. Building on a track record of numerous engineering studies, this is the first EPCIC project award for Subsea Integration Alliance, which was formed July 2015 between OneSubsea, Schlumberger, and Subsea
Transocean's Discoverer Deep Seas Contract Terminated
Transocean Ltd. (NYSE: RIG) announced today that Murphy Exploration & Production Company - USA, a subsidiary of Murphy Oil Corporation, has elected to terminate the contract for the ultra-deepwater drillship Discoverer Deep Seas. The rig's contract was scheduled to end in November 2016. Transocean will be compensated for the early termination through a lump-sum payment that includes adjustments for operating costs.
Gulf of Mexico Oil Production on the Rise
. The forecasted production growth is driven both by new projects and the redevelopment and expansion of older producing fields. Five deepwater projects began in the last three months of 2014: Stone Energy-operated Cardamom Deep and Cardona projects, Chevron-operated Jack/St. Malo fields, Murphy Oil-operated Dalmatian, and Hess-operated Tubular Bells. Also occurring at the end of 2014 was the redevelopment of Mars (Mars B) and Na Kika (Na Kika Phase 3), both of which are mature fields. Cardamom Deep, Jack/St. Malo, and Tubular Bells were slated for a late 2014 start-up, as well. Although industry
Ecopetrol to Drill 3 Wells After Cutting Budget
budget to $200 million down from $632 million last year, the company said. The two Caribbean wells, Calasu and Kronos, will be operated by Texas-based Anadarko Petroleum Corp which has an equal sized stake in the projects with Ecopetrol. The U.S. well, Sea Eagle, will be drilled by partner Murphy Oil Corp. In 2014, Ecopetrol discovered hydrocarbons in three out of eight wells it drilled, five of which were in the Gulf of Mexico. Ecopetrol has cut its investment budget this year to $7.86 billion down from $10.6 billion last year due to the plunge in oil prices. The exploration budget as
Diamond Offshore Revenue Rises on Ultra-deepwater Demand
top five offshore rig contractors, reported a 4.5 percent rise in third-quarter revenue, helped by higher demand and improved rates for its ultra-deepwater rigs. The company also said on Thursday it contracted two new-build rigs to oil producer Hess Corp at a rate much lower than previous client Murphy Oil Corp would have paid if they continued the lease. "... Contracting seventh-gen rigs at $400,000 per day suggests some desperation on the part of management to secure tenor at the expense of rate," Barclays analysts wrote in a note. Diamond Offshore said Petrobras has extended contracts
February 2024
