Oil And Gas Fields News

Discovery of the Pobeda Field

Discovery of the Pobeda Field Confirmed

State commission on reserves confirmed the fact of discovery of the new arctic oil and gas field Pobeda on the Kara sea shelf. The field was discovered as the result of the drilling of the northernmost well in the world – the Universitetskaya-1 well. The expert commission accepted the fact of discovery of the Pobeda field and advised FSI RPE Rosgeolfond to register the oil and gas field Pobeda on government accounting with recoverable reserves of 130 mln tons of oil and 499 bcm of gas. The gas reserves were discovered in the chalk deposits of Cenomanian Age and Apt-Alb Age, the oil reserves

Subsea Support Vessel“Skandi Santos” Photo MOL

MOL Moves into OSV Field

through a three-way joint venture company called Avium Subsea ASand started the business effective on November 23. Brazil’s national oil company, Petróleo Brasileiro S.A., has chartered the Skandi Santos from AKOFS since 2010, using it to install subsea facilities in deep-sea oil and gas fields off Brazil. The project is MOL’s first step into the subsea business, where the company expects stable demand and steady earnings through the overall lifecycle of oil and gas projects—from survey of subsea oil and gas fields, to installation, inspection, maintenance, repair,

Photo: DNV KEMA

DNV KEMA’s Open Multiphase Flow Lab

and trading of gas. As the MPFL is operating in a unique true-to-life environment, the facility will help increasing the accuracy of future multiphase flow meters, as well as the efficiency of future multiphase separators. As a result, it is expected that the economical and operational risks of oil and gas fields can be better managed. With the MPFL, DNV KEMA responds to the increasing global demand for and supply of gas. The production of gases in deep waters, oil sands or shale formations is complex and needs high-tech equipment. As oil and gas wells typically output a fluid mixture composed of

Seabed Geosolutions Mobilzes for OBN Survey in West Africa

Seabed Geosolutions has been awarded a 4D baseline ocean bottom node project in West Africa, with a duration of six-weeks.   The crew is currently in the mobilization phase of the project, which will support the optimization of the recovery rate during the development and production phases of oil and gas fields, by providing high quality data on hydrocarbon prospects, reservoir characteristics and potential geohazards. The project positions the company well to respond to other potential projects in the region.

Partnering for a Wellsite solution Photo Fugro

Seabed Geosolutions mobilizes for West African OBN survey

Seabed Geosolutions has been awarded a 4D baseline ocean bottom node project in West Africa, with a duration of six-weeks. The crew is currently in the mobilisation phase of the project, which will support the optimisation of the recovery rate during the development and production phases of oil and gas fields, by providing high quality data on hydrocarbon prospects, reservoir characteristics and potential geohazards. The project positions the company well to respond to other potential projects in the region.  

Petroci, Vioco Petroleum to Invest $255m in Offshore Field

Ivory Coast's state oil company Petroci and Vioco Petroleum will invest $255 million to bring into production the Gazelle oil and natural gas field on the West African nation's CI-202 offshore block, the government said on Wednesday.   Vioco, a joint venture between the exploration and production arm of Switzerland's Vitol and Azonto Petroleum, holds an 87 percent stake in CI-202 under a production sharing agreement signed last year. Petroci owns the remaining 13 percent.   "The council adopted a decree authorising the exclusive exploitation of the Gazelle oil and gas field,"

Aker Solutions to Provide Subsea Engineering Services to BP

Aker Solutions secured a global framework agreement to deliver engineering and project management services at BP-operated subsea oil and gas fields. The contract has a fixed period of five years and may be extended by two years. It covers subsea engineering services, asset integrity management and operations support. Aker Solutions will execute the work through a global delivery model. Both parties agreed not to disclose the contract value.  

Subsea Transformer Located in Åsgard Compressor Station: Schematic credit ABB

Power Below the Waves: ABB Subsea Transformers

North & Norwegian seas & the Gulf of Mexico for operation at depths of up to 2,000 m. Subsea transformers are an ABB innovation. Deployed in extreme conditions in ultra-deepwater, these high-tech workhorses provide the power for heavy-duty equipment on the sea floor - enabling declining oil and gas fields to be more productive and making new deepwater fields accessible. ABB delivered the world’s first commercial subsea transformers in 1998 – a pioneering achievement that helped take subsea oil and gas extraction into a new and more productive dimension. These robust, maintenance-fr

Malaysia's Petronas Looking to Sell Vietnam Offshore Fields

wants to sell its stakes in five offshore oilfields in Vietnam for a combined $300 million, two company sources said, as the Malaysian state oil firm streamlines its assets and raises funds for expansion. Petronas, like many other oil companies, is looking to sell aging and less productive oil and gas fields to invest in more profitable assets. The planned asset sale comes as Petronas taps into North America's shale boom and further develops Malaysian oil and gas fields. The two sources did not give further details of the fields. They declined to be identified as they are not authorised to speak

China, Zhouhai, Subsea Natural Gas Pipeline Repaired

CNOOC Limited announce that the Zhuhai Terminal subsea natural gas pipeline, leaking since late 2011, has been recently restored and the terminal has resumed normal production. According to the operators, the leakage point of the pipeline was located in a place faced with severe weather conditions which brought challenges to the routine engineering resources and operational techniques. The restoration team achieved zero failure rates through using innovative construction methods and strengthening quality control and lately completed the restoration work successfully. Zhuhai Terminal, located in

(Photo: EMAS Chiyoda Subsea Limited)

NYK Buys Stake in EMAS Chiyoda Subsea

NYK has acquired a 25 percent share of EMAS Chiyoda Subsea Limited (ECS), based on an agreement signed on June 10 with Ezra Holdings Limited (Ezra) and the Chiyoda Corporation (Chiyoda).   ECS is a global player in the engineering, procurement, construction, and installation (EPCI) of subsea facilities — essential components in offshore oil and gas field development. After this acquisition, ECS’s shareholding structure will shift to Ezra 40 percent, Chiyoda 35 percent, and NYK 25 percent.   Based on its medium-term management plan emphasizing differentiation through the use

Rig topsides: Photo Kvaerner

Kvaerner & KBR Ally on Offshore Rig Topside Bids

field development offshore Norway. The alliance combines Kvaerner's expertise and resources as a turn-key contractor for offshore platforms with KBR's competence as a leading international offshore oil and gas contractor.   The Johan Sverdrup field is one of Norway's largest offshore oil and gas fields, and it is expected that the first development phase will include four offshore platforms for a new field center. "KBR sees Kvaerner as one of this industry's most experienced EPC contractor, particularly for demanding projects in Norway, including the Johan Sverdrup field," said

Xodus Group CEO, Wim van der Zande

Xodus wins Subsurface Contract with Cairn Oil and Gas in India

offices in London and The Hague with regular visits to Cairn Oil and Gas’ offices near New Delhi for workshops.   Cairn Oil and Gas operates over a quarter of India's domestic crude oil production. The Mangala, Bhagyam and Aishwariya (MBA) are the three largest finds in Rajasthan. The oil and gas fields in the Rajasthan Block constitute Cairn's key assets in India. The Mangala field - considered to be the largest onshore hydrocarbon find in India in the last two decades - was discovered in January 2004. This was followed by the discovery of the Aishwariya and Bhagyam fields.   Through

Ichtys Project: Image credit ABB

ABB Main Electrical Contractor for Ichthys Offshore Project

ABB appointed main electrical contractor for new semi-submersible central processing facility (CPF) at Ichthys oil & gas field in the Timor Sea off Western Australia. The order is valued at $15 million. ABB was awarded the MEC contract by the engineering, procurement and construction (EPC) contractor for the central processing facility, Samsung Heavy Industries. When completed in 2016 the CPF will be the largest offshore production facility in the world. The Ichthys oil and gas field is estimated to contain 12.8 trillion cubic feet of gas and 527 million barrels of condensate, and have an

Aker Wins Statoil Subsea Trees Contract

Aker Solutions to supply Statoil with subsea trees & control modules for the Visund Field on the Norwegian continental shelf. The contract is for the supply of five subsea trees and eleven control modules, and is valued at aproximately NOK 300-million. Visund is an oil and gas field located 22 kilometres north-east of the Gullfaks field in the Tampen area of the Norwegian North Sea. The field came on stream in the spring of 1999. The five subsea trees for the Visund field will be equipped with Aker Solutions' most advanced subsea technology. This technology enables oil and gas production

Aker OCV: Image courtesy of Aker Solutions

Aker Gets BP Offshore Norway Contract

Aker Solutions says it has secured a framework agreement to provide engineering, modifications and maintenance services for BP-operated oil and gas fields offshore Norway. The contract has a period of up to two years valued at maximum NOK 1.8 billion, with options to extend the work by as many as four years. The agreement starts on June 1, 2014, following the expiration of an existing framework contract for similar services. The agreement is for work on the fields Ula, Tambar, Hod, Skarv and Valhall. The scope includes studies, maintenance and modification project work as well as preparation work

Aker Solutions Secures Aker BP Contract

Aker Solutions secured a framework agreement for as many as 10 years from Aker BP to provide engineering and procurement services for new offshore field installations. The scope is for a range of fixed facilities from small wellhead platforms to complete oil and gas field centers. It covers work in all project phases and includes early-phase studies, front-end engineering and design (FEED), detail engineering and follow-on engineering. The work will mainly involve Aker Solutions' employees in Oslo and Stavanger.   The contract has a fixed term of six years, starting this month, and may be

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