Expro Wins BP Extension
Oilfield services company Expro said it has secured a four-year contract extension for BP’s Shah Deniz Stage 2 project in the South Caspian Sea.The contract extension will see Expro continue its provision of subsea landing string equipment and services to the project.In 2014, Expro secured a five-year contract for the project, providing its Landing String Assembly – High Pressure (ELSA-HP) 15k valves in conjunction with its EXPRESS electro hydraulic control systems.Expro's new $5 million purpose-built facility in Baku, Azerbaijan will support the work. The facility opened Thursday will
Subsea 7 Wins Offshore Azerbaijan Deal
Subsea 7 S.A. announced the award of a contract by BP Exploration for the provision of subsea inspection, repair and maintenance (IRM) services on both the Azeri-Chirag-Gunashli (ACG) and Shah Deniz (SD) fields, offshore Azerbaijan. Under the terms of this five year agreement, the scope of work comprises the provision of a Life of Field support vessel complete with work class and observation class ROVs, capable of performing inspection, survey, intervention, light subsea construction, surface diving and emergency response services. The life of field support vessel will be supported by a Baku based
BP, SOCAR to Ink Caspian Sea Exploration Deal
, told Reuters. Block D-230 covers areas in a water depth of up to 300 metres, with a reservoir depth of 3,000-5,000 metres. BP is a main investor and operator of two major projects in Azerbaijan - the Azeri-Chirag-Guneshli (ACG) oilfields, which account for most of Azerbaijan's output, and the Shah Deniz offshore gas field, which is estimated to contain 1.2-1.5 trillion cubic metres of gas. Reporting by Nailia Bagirova; Writing by Margarita Antidz
Subsea Construction Vessel Launched in Azerbaijan
The vessel was named Khankendi by the President of Azerbaijan, H.E. Ilham Aliyev, at a ceremony in Baku Shipyard and launched by the Shah Deniz consortium. Baku Shipyard LLC, a joint venture between Keppel Offshore & Marine Ltd (Keppel O&M), State Oil Company of Azerbaijan Republic (SOCAR) and Azerbaijan Investment Company (AIC), has completed a Subsea Construction Vessel (SCV) for the Caspian region. The Khankendi will be deployed to the Shah Deniz field where it is expected to perform subsea installation and construction work over the next eleven years. The SCV was specifical
Shah Deniz Partners Award Subsea Installation Deal
The Shah Deniz consortium today announced the award of a $1.5 billion contract for the transport and installation of the deeper water subsea production systems for Shah Deniz Stage 2 to the BOS Shelf LLC, Saipem Contracting Netherlands B.V. and Star Gulf FZCO consortium. The scope of work of the contract is for the management and operation of the new-build Subsea Construction Vessel (SCV) Khankendi for the transport and installation of the deeper water subsea production systems and subsea structures at all five flanks of the project. Frank Wilson, BP’s Vice President for the Shah Deniz
Topaz to Supply 14 Vessels for BP in Azerbaijan
secured 14 offshore support vessel contracts with BP Exploration (Caspian Sea) Limited. Under the terms of the agreement, Topaz will supply 14 offshore support vessels for a five-year period plus two one-year options at current market terms, primarily in support of BP’s ACG and Shah Deniz II fields offshore Azerbaijan. The agreement extends currently running contracts for the 14 vessels until 2023 including all options. These contracts bring Topaz’s global revenue backlog to nearly $1.4 billion. Topaz’s fleet contracted by BP through this agreement
Saipem Selects Tritech Sensors
in a dual-head configuration, to provide a wide swathe of high-resolution bathymetry data. Operating at 620 kHz and a range resolution of 10mm alongside an update rate of up to 50 Hz, the Gemini 620pd is ideally suited for use on WROVs. Saipem is to deploy the system as part of their operations on the Shah Deniz Stage 2 (SD2) Project in Azerbaijan. Saipem has also recently purchased additional Tritech products for use on their new Sonsub Innovator 2.0 WROVs. The products purchased for these new WROVs include the industry-standard SeaKing mechanical scanning profiling sonars, real-time Gemini 720i
Offshore Prospects for 2016: Playing the Waiting Game?
, it is important to note that backlogs are falling rapidly – only a few projects have been sanctioned this year. Of these, notable examples of fields receiving Final Investment Decisions over the past year include Statoil’s Johan Sverdrup field, Shell’s Appomattox field and BP’s Shah Deniz Phase 2 subsea development. DW believes subsea installation activity is yet to bottom out, with current backlog disguising the reality of the industry. A decline of at least 15 percent is forecast in global subsea tree installations next year. This undeniably bleak assessment should be
5-Yrs Extension for Rig Heydar Aliyev
Maersk Drilling has been awarded a 5-year contract extension for the semi-submersible Heydar Aliyev rig with BP Exploration (Shah Deniz) Limited acting as Operator of the Shah Deniz field . The rig will continue working on the development of the Shah Deniz field in the Caspian Sea offshore Azerbaijan. The extension is in direct continuation of the current contract ending May 2016 and extends the contract until May 2021. The estimated value of the contract extension is up to USD 523m. “We are very pleased with the extension for the Heydar Aliyev rig and look forward to continue
February 2024
