Maersk Establishes Decomissioning Company
A 50/50 joint venture (JV) between Maersk Drilling and Maersk Supply Service will provide decommissioning services to oil and gas operators. After decades of production, an increasing amount of offshore oil and gas fields are approaching the end of their economic life. In the North Sea alone, more than 400 fields are expected to cease production by 2026 at an estimated cost of $56 billion. Globally, more than 700 fields are expected to require decommissioning. The JV will initially offer bundled solutions for up to 80 percent of the oil field decommissioning process, including project
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
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.
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.
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.
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,
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
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,"
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
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
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
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
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
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
PG-MACS Chosen by Shell and Siem for Newbuild PSV
new dual fueled (LNG/Diesel) large-size platform supply vessel (PSV). Remontowa Shipyard /Poland will construct the vessel as their H/N 856/1.The new PSV shall commence operations in Q1/'15 for operations in the North Sea, to support offshore activities at, among others, the Draugen and Ormen Lange oil and gas fields. The under deck tank configuration shall include systems for handling of drill cuttings, in addition to liquid and dry bulk. Consequently the vessel will have 6 PG-MACS tanks, providing approximately 400m3 capacity, with full cargo flexibility for wet-bulk, dry-bulk, drill cuttings, rig
Clarkson Research Launch 2014 Offshore Vessel Registers
successive time. At ONS, Clarkson Research will be launching the 2014 editions of its definitive Offshore Vessel Registers. Clarkson Research is a leading provider of data to the offshore industry, providing market intelligence on more than 25,000 structures, vessels and companies, 6,000 oil and gas fields, either in production or in the planning stage, global Geographical Information System (GIS) coverage and a wealth of commercial data.
Barakah Offshore Wins Petronas Subsea Work
PBJV Group Sdn Bhd ("PBJV") wholly-owned subsidiary company of the Barakah Offshore Petroleum Berhad ("Barakah" or the "Company")has received the Letter of Award from PETRONAS Carigali Sdn Bhd ("PCSB") for the Provision of Underwater Services for oil and gas fields in East Malaysia ("Contract"). The Contract requires the provision of Main and Support Vessel, Air and Saturation Diving, Remotely Operated Vehicle (ROV) and other related underwater services, which includes Inspection, Maintenance, Repair, drilling support and other work to PCSB's