TechnipFMC Picks Up ‘Large’ Subsea Contract for ExxonMobil’s Whiptail Off Guyana
Oilfield services company TechnipFMC has secured a ‘large contract’ from ExxonMobil to supply subsea production systems for the Whiptail development in Guyana’s Stabroek block.TechnipFMC will provide project management, engineering, and manufacturing to deliver 48 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment.For TechnipFMC, a ‘large contract’ is valued between $500 million and $1 billion.“ExxonMobil Guyana will utilize our Subsea 2.0 systems and manifolds, which help provide schedule certainty. We have
GEG Wraps Up Subsea7 Fabrication Scope for Aker BP’s Valhall PWP - Fenris Field
Energy Group Fabrication.GEG's video showing towheads departing the Port of Nigg:In January 2024, Worley Rosenberg in Norway started construction of platform module for the Valhall PWP-Fenris project, being developed by Aker BP and its partners in the Norwegian part of the North Sea.The Valhall oil field has been in production since 1982 and the Valhall PWP-Fenris development project aims to extend the life of the field for another 40 years.Worley Cuts First Stell for Aker BP’s Valhall PWP-Fenris ProjectLocated in the Southern North Sea, the Valhall PWP-Fenris project is one of the largest
TechnipFMC to Supply Subsea Systems for Shell’s Sparta Development
Oilfield services company TechnipFMC has been awarded a ‘substantial contract’ by Shell for the supply of subsea production systems for Sparta development in the Gulf of Mexico.This will be the first integrated engineering, procurement, construction, and installation (iEPCI) project to use high-pressure subsea production systems rated up to 20,000 psi (20K), according to TechnipFMC.The work scope includes manufacturing and installation of subsea production systems, umbilicals, risers, and flowlines for Shell’s Sparta development.The tree systems will be Shell’s first to be
Expro Bolsters Well Construction and Intervention Offer with Coretrax Buy
Oilfield services provider Expro has entered into a definitive agreement to acquire well integrity and production optimization company Coretrax from an investment group led by Buckthorn Partners for $210 million.Subject to customary closing conditions and working capital adjustments, the agreement covers total consideration to be paid at closing of approximately $210 million, including at least $75 million of cash and up to 6.75 million newly issued Expro common shares.The cash component of the proposed transaction may be increased at Expro’s election, and the notional value of any equity
China Puts First ‘Home-Made’ Subsea Xmas Tree Into Operation
from its Suizhong 36-1/Luda 5-2 discovery, located in Liaodong Bay of Bohai Sea.The project is expected to achieve a peak production of approximately 30,300 barrels of crude oil per day in 2025.It represents the largest secondary development and adjustment project in offshore China.CNOOC’s Oil Field in Bohai Sea Starts Productio
CRP Subsea Secures ‘Sizeable’ Supply Deal for GoM Ultra-Deepwater Oil Field
CRP Subsea, an AIS company, has been awarded a ‘sizable’ contract from a major engineering, procurement, construction and installation (EPCI) company for ultra-deepwater oilfield development in the U.S. Gulf of Mexico.The contract entails the provision of vortex induced vibration (VIV) suppression strakes and buoyancy modules for an unnamed company.CRP Subsea will supply over 5 kilometers of Tri-Strakes Lite, to provide VIV suppression to three steel catenary risers (SCRs) and two flowline jumpers.Anti-fouling will be applied to the Tri-Strakes for use on specified sections of the risers
BP Launches Its ‘Largest-Ever’ Seismic Program at Azerbaijan Oil Field
BP has started a new four-dimensional (4D) high-definition ocean bottom node seismic program on its Azeri-Chirag-Deepwater Gunashli (ACG) oil field in the Caspian Sea, offshore Azerbaijan.This is the largest-ever seismic acquisition commitment made by BP globally by all its aspects – area size, cost and program duration, the company said.The program, which will focus on ACG’s Balakhany and Fasila reservoirs, will cover an area of 740 square kilometers under source and 507 square kilometers under receivers, with a total cost of around $370 million and a duration of five years (2024-2028).
TechnipFMC Gets ‘Significant’ Contract from BP in Gulf of Mexico
fifth platform in the Gulf of Mexico and the first new BP-operated production facility in the region since 2008.VIDEO: BP's First New Platform in U.S. Gulf of Mexico Since 2008 Starts ProductionArgos is the centerpiece of BP’s Mad Dog Phase 2 project, which extends the life of the super-giant oil field discovered in 1998.BP is the operator with 60.5% working interest, with co-owners Woodside Energy (23.9%) and Union Oil Company of California, an affiliate of Chevron U.S.A. Inc. (15.6%).
CRP Subsea Put to Work at Brazilian Oil Field
CRP Subsea, an AIS company, has secured a ‘substantial contract’ for the supply of distributed buoyancy modules (DBMs) to a deepwater oil field project in the Santos Basin, offshore Brazil.CRP Subsea secured was hired by a leading energy technology company, whose name was not disclosed.The company DBMs will be utilised on a flexible production riser transporting oil from the subsea facility to the floating, production, storage and offloading (FPSO) vessel above.Specifically engineered, the DBMs will establish a dynamic subsea lazy-wave configuration to mitigate the top tension on the FPSO.
February 2024
