Premier Oil News

OPT, Acteon Exploring Joint Opportunites

solutions, coupled with its global network of facilities, personnel and market positioning, can provide significant value to our customers,” said George H. Kirby, President and Chief Executive Officer of OPT.The companies are currently collaborating on an Exclusion Zone Monitoring project for Premier Oil in the Central North Sea. The project will include the deployment of OPT’s PowerBuoy system, and surveillance and monitoring technology and a turnkey mooring and deployment solution provided respectively by Acteon operating companies Pulse Structural Monitoring and InterMoor.Tim Martin,

Mike Arnold (Photo: M2 Subsea)

M2 Subsea Wins Premier Oil Contract

Remotely operated vehicle (ROV) services provider M2 Subsea has said it has secured a contract to provide inspection services for Premier Oil’s Balmoral Floating Production Vessel (FPV).M2 Subsea, which has bases in Aberdeen and Houston, will carry out the 2018 inspection of the vessel’s hull, flowlines, umbilicals, risers and subsea template.The Balmoral is a purpose built semi-submersible FPV which is situated in the Balmoral field, block 16/21a and 16/21b of the central North Sea.  The work scope will be carried out by M2 Subsea’s Mohican ROV at a depth of 140m. The Mohican

(Photo: The Underwater Centre)

Closed Bell Diving Courses Relaunched at The Underwater Centre

as key to maintaining the U.K.’s ability to train closed bell divers and underlines confidence that demand for saturation divers will grow as the energy sector continues to recover from the global downturn.Industry and public bodies including Oil & Gas UK, Subsea UK, Subsea 7, TechnipFMC, Premier Oil and Highlands and Islands Enterprise (HIE) recently collaborated to support The Underwater Centre and ensure its future success.Located in Fort William in the Scottish Highlands, the company now operates as a not-for-profit company limited by guarantee and is funded and supported by its members

(Photo: The Underwater Centre)

The Underwater Centre Under New Ownership

The Underwater Centre, a subsea training and trials center located in the Scottish Highlands, has turned a corner after receiving industry support to secure its future.Industry and public bodies including Oil & Gas UK, Subsea 7, TechnipFMC, Premier Oil and Highlands and Islands Enterprise (HIE) have collaborated to support The Underwater Centre and ensure that the industry continues to have access to critical, world-leading underwater training and can undertake vital subsea equipment trials.The company will now operate as a not-for-profit company limited by guarantee, which will be funded and

PB3 PowerBuoy (Photo: OPT)

Premier Oil Looking into PB3 PowerBuoy

Premier Oil inks contract to study the use of the PB3 PowerBuoy for offshore decommissioning operations   Ocean Power Technologies, Inc. (OPT) said it has signed an agreement with an international oil and gas company Premier Oil to conduct a three-month study into the feasibility of using OPT’s PB3 PowerBuoy for decommissioning operations in the North Sea.   The PB3 PowerBuoy uses ocean waves to provide clean, reliable and persistent electric power and real-time communications for remote offshore applications.   The contract outlines work that will determine the viability of

Photo: Proserv

Proserv Secures Decommissioning Work in Asia Pacific

Energy services company Proserv has been awarded a series of contracts worth around $4m for its well severance, platform and FPSO decommissioning services in the Asia Pacific region. The contracts have been awarded by Premier Oil in Indonesia; Chevron, through Baker Hughes, in the Gulf of Thailand; BHP, through Fugro, in Western Australia and by PCPP Operating Company, through Sapura Technology Solutions Sdn Bhd in Malaysia.   As part of the project work-scopes, Proserv will provide abrasive cutting, cold cutting and dredging services using its wide portfolio of field-proven products and

Photo: Proserv

Proserv Seals Subsea Contract with Premier Oil

Energy services company Proserv said it has been awarded a multimillion dollar contract with Premier Oil for subsea work in Asia Pacific.   Proserv will supply a subsea control system and associated equipment for the BIGP (Bison, Iguana & Gajah Puteri) development project, located in the Natuna Sea, Indonesia.   The scope of supply is a three well subsea control system, which includes the company’s award winning Artemis 2G subsea electronics module, tied back to two platforms, Naga and Pelikan, in approximately 90m water depth. Bison and Iguana will tie back to the Pelikan

Katy Heidenreich

Cost Reduction of Well Construction on UK Continental Shelf

Schlumberger, she joined Oil & Gas UK.   The presentation will take place on Wednesday 21 September at the Aberdeen Douglas Hotel from 6.30 – 8.30 pm. This presentation is a part of a monthly programme of technical presentations organised by SPE Aberdeen and sponsored by Expro and Premier Oil.  


Talos Energy to Operate Contracts in Mexico

of a group that won two contracts in an historic Mexican oil auction this week, will carry out production and exploration in the shallow water fields awarded, Mexico's oil and gas regulator said on Friday. Houston-based Talos and its consortium partners, Mexico's Sierra Oil & Gas and Britain's Premier Oil, were the only winners in the disappointing first phase of the oil and gas tender. Talos will conduct all the exploration and drilling because of its technical experience and capabilities, National Hydrocarbons Commission President Juan Carlos Zepeda said, and its partners will provide financing

First Phase of Historic Mexico Oil Auction Misses Expectations

of the government's modest expectations as it begins to open up the long-nationalized industry to private investment.   Both the shallow water exploration and production contracts were awarded to the same consortium made up of Mexico's Sierra Oil & Gas, U.S. firm Talos Energy and Britain's Premier Oil.   The other 12 blocks received no bids, or none that cleared the bar set by Mexico's finance ministry.   All told, it was an inauspicious start to the rollout of President Enrique Pena Nieto's signature economic reform.   In the second block up for grabs, the consortium offered

Siem Spearfish (Photo: Harkand)

Harkand Mobilizes Vessel for Premier Oil in UKCS

Harkand has embarked on  a contract awarded by Premier Oil Plc to support the operator activities on the Solan field development, West of Shetland. The multi-purpose service vessel the Siem Spearfish, which is on long-term charter to Harkand,  arrived in Newcastle earlier this month to begin mobilization for the campaign which will see it perform  walk-to-work duties for the ongoing commissioning work on site. The Spearfish is being fitted with an Ampelmann active motion compensated gangway which will allow personnel to walk onto the Solan platform safely, even in high wave

Courtesy of Ulstein Group/Tonje Alvestad

Subsea Vessel Ops Predicted to Grow Over Coming Years

development spending represents a significant portion of regional vessel operating expenditure (54%). The majority of these developments are led by IOCs and independent oil companies. Key projects driving the UK subsea developments over the medium term include Fair Field Energy’s Darwin and Premier Oil’s Greater Catcher. RoWE The Rest of Western Europe is a mature region with the vast majority of subsea production attributed to shallow waters. The IRM-related vessel expenditure will remain high, driven by a large number of mature subsea infrastructure. The region will experience a

Mike Hawkins

Jee Joins Lineup at Subsea Integrity Conference

focus on educating attendees on the importance of building a robust subsea integrity management strategy to eradicate failure and extend the life of ageing fields. Drawing from more than 30 years’ industry experience, Jee’s technical director, Mike Hawkins will present a review of a Premier Oil case study for effective integrity management of offshore risers. “Identifying and quantifying corrosion concealed by riser guides or insulation is a major headache for operators of offshore facilities. I will be using a case study of corrosion beneath the dead weight support of an offshore

RDS Wins Engineering and Design Contract for Sea Lion

Rig design and engineering specialist RDS has been awarded a front-end engineering design (FEED) contract by AMEC for Premier Oil’s Sea Lion development in the North Falklands Basin. RDS is the rig design and engineering subsidiary of international drilling and engineering contractor, KCA Deutag. The FEED work is part of AMEC’s overall FEED contract for the Sea Lion development and follows a concept study which was executed by an RDS team in Houston. The contract, which is expected to be carried out over the next 12 months, will see RDS deliver the design of drilling rig modules for a

FPSO: Image courtesy of Sevan

North Sea Weather Abates, Iona Increase Production

above 0.7 million barrels of oil equivalent. The Huntington partnership continues to realize Brent prices above the year to date average of USD108.42/bbl, and gas prices in the UK remain robust above USD10.50/mcf.

The working interests in the Huntington field are E.ON E&P UK Ltd (25% Operator), Premier Oil plc (40%), Noreco Oil (UK) Limited (20%), and Iona (15%). In addition to the working interest, Iona holds a gross overriding royalty of 2.55% of the total Huntington production, payable from the other Huntington joint venture partners.    

Maersk Guardian: Image courtesy of the owners

Jack-up 'Maersk Guardian' Secures New Contract

Maersk Drilling has signed a contract with Premier Oil Norge AS for the jack-up 'Maersk Guardian' for a one well drilling operation, the Myrhauk exploration well, in the Norwegian North Sea. The duration of the contract is approximately 62 days. The contract follows on directly from the present Lundin Norway AS contract during Q3 2014. Maersk Drilling says it is the market leader in the Norwegian jack-up market currently owning and operating six of the nine jack-up rigs present in the region. “Norway is a focus area for Maersk Drilling, which is also why we are very pleased that Premier

Map courtesy of Rockhopper Exploration

Rockhopper Make Offshore Falkland Islands Farm Out Deal

Rockhopper recently concluded a farm-out agreement with Premier Oil plc whereby Premier will acquire 60% of Rockhopper's interests in its North Falkland Basin licences. On completion of the farm-out, Premier will become operator of all the licences currently operated by Rockhopper. Rockhopper Exploration plc is an AIM listed oil and gas exploration company based in the UK with interests in the Falkland Islands. It was established in 2004 with a strategy to invest in and undertake an offshore oil exploration programme. It was floated on AIM in August 2005. Rockhopper holds interests in licences PL023

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