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Deepwater Project

Shell’s Largest GoM Platform Starts Production

Photo: Shell

Shell has begun production from the Mars B development through Olympus, the company’s seventh and largest floating deepwater platform in the Gulf of Mexico. It is the first deepwater project in the Gulf to expand an existing oil and gas field with significant new infrastructure, which should extend the life of the greater Mars basin to 2050 or beyond. Combined future production from Olympus and the original Mars platform is expected to deliver an estimated resource base of 1 billion barrels of oil equivalent (boe). “With two large platforms now producing from the deep-water Mars field, this project demonstrates our deepwater project delivery and leadership,” said John Hollowell, Executive Vice President for Deep Water, Shell Upstream Americas. “We safely completed construction and installation of the Olympus platform more than six months ahead of schedule, allowing us to begin production early from the development’s first well. Olympus is the latest, successful start-up of our strong portfolio of deepwater projects, which we expect to generate substantial value in the coming years. Deep water will continue to be a core growth opportunity for Shell.” In addition to the Olympus drilling and production platform, the Shell Mars B development (Shell 71.5% operator, BP 28.5%) includes subsea wells at the West Boreas and South Deimos fields, export pipelines, and a shallow-water platform, located at West Delta 143, near the Louisiana coast


FMC Gets Shell Ultra-deep Subsea Equipment Order

FMC Technologies, Inc. to support Shell's ultra-deepwater project in the Walker Ridge area of the Gulf of Mexico. Stones is located approximately 200 miles (322 kilometers) off the Louisiana coast in approximately 9,600 feet (2,926 meters) of water. FMC Technologies' scope of supply includes eight subsea trees, a subsea manifold, topside and subsea controls and associated equipment. "Deepwater operations in the Gulf of Mexico require advanced capabilities and innovative solutions


Crowley Christens Barge 455-3

Crowley Maritime Corporation recently christened and launched barge 455-3, the third heavy-lift 455 series flat-deck barge to be built and delivered to Crowley this year by Gunderson Marine in Portland, Ore. Susan Michel, Crowley's director of people development and learning, had the honor of sponsoring and christening the newest addition to the company's growing big-barge fleet. Barges 455-3, 455-2 and the Marty J, all delivered this year


'Seven Borealis' Nominated for Ship of the Year

Seven Borealis

Subsea 7’s flagship ‘Seven Borealis’, a customized SOC 5000 design designed by Ulstein has been nominated for the prestigious Ship of the Year Award organized by the Offshore Support Journal. Voting is open until close of business on 25 January via this link: www.surveymonkey.com/s/13SVVOTE. The Seven Borealis measures 182.2 x 46.2 meters and has a moulded depth of 16.1 meters. This state-of-the-art pipelay/heavy lift vessel, delivered 2012


News: Cal Dive Riser System Deployed in Deepwater Project

Well Ops, Inc., a subsidiary of Cal Dive International, Inc. had the successful first application of the company's purpose-built, open water intervention riser system. Cal Dive's well intervention vessel, the Q4000, deployed the system in 1,042 ft. of water, where it was latched to a horizontal Cameron tree. The system includes a control umbilical, two-in. annular line, 7.375-in. flowhead and swivel. The riser system was integral to a successful well decommissioning operation


Malaysia Deepwater Project Contract for Technip J/V

Technip in a Joint Venture with MMHE awarded substantial contract for the Malikai Project in Malaysia. Technip in a joint venture with Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) has been awarded a substantial contract by Sabah Shell Petroleum Company Ltd (SSPC) for the engineering, procurement and construction of a tension leg platform (TLP) for the TLP Malikai Deepwater Project. This TLP will be designed as a fully-manned platform to be installed 110 kilometers offshore Sabah


Chevron Reports 1998 Net Income of $1.98 Billion

Chevron Corporation reported 1998 preliminary net income of $1.98 billion, down 39 percent from 1997 net income of $3.3 billion. Net income for 1998 and 1997 included net benefits of $31 million and $76 million, respectively, from special items. For the fourth quarter 1998, net income of $431 million included net charges of $72 million from special items. Charges associated with asset write-downs; reserves for environmental remediation and a litigation issue; and last-in


Floating Production System Orders Outlook

Projected Growth Global Natural Gas Demand  (Quadrillion Btu)

An EPC contract for a production unit can easily exceed $1 billion – and $3 billion for an FPSO has recently been breached.  Overall, this is a $20 to $30 billion annual market.  But, as described below, the sector is hitting some headwinds that could impact future business opportunities. Backlog of Planned Floater Projects 243 floating production projects are in various stages of planning as of beginning May


Deepwater Gulf of Mexico: Bright Future

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Quest Offshore characterizes the U.S. Gulf of Mexico as a deepwater region that is “Transitioning into a Bright Future.” According to the recently released 116-page Quest Deepwater Review Gulf of Mexico report, the Gulf of Mexico has experienced massive changes in the last 5 years with long-term implications for the region and the wider deepwater oil and gas market. The worldwide financial crisis and subsequent recession, shale gas’ implications on U.S


Aker Solutions Opens Malaysia Base

International oil services company Aker Solutions has expanded its subsea business by establishing a subsea lifecycle service base in Labuan, Malaysia. The objective is to support all installed and future shallow and deepwater projects within the Asia Pacific region. The new service base, which is located in Labuan Federal Territory in Eastern Malaysia, will provide strategic and effective support services for Aker Solutions' onshore and offshore oil and gas customers


Kleven Shipbuilding Wins IES Pioneer Contract

Image courtesy of Kleven Shipbuilding

Norway’s Kleven announced it has signed a shipbuilding contract with Malaysian based joint venture company IES Pioneer Ltd. The vessel is of Norwegian design company MarinTeknikk’s MT 6015 MPSV design and will be outfitted with a crane, helideck and FiFi II


2H Offshore Joins Deepwater Mining Consortium

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2H Offshore, an Acteon company, has joined an international European consortium comprising nineteen industry and research organizations to develop deepwater mining solutions. Over the next four years, the European Commission funded project, known as Blue Mining


Maersk Drilling Orders 20K™ Blow Out Preventer & Risers

Maersk Drilling logo

  Maersk Drilling has ordered four Blow Out Preventers (BOPs) and two risers from GE Oil and Gas to be used in the Project 20K™ agreement with BP. The BOPs and risers are intended to be delivered and deployed on two Maersk Drilling 20K™ Rigs by year-end 2018


Rigid Reel-Lay Pipe-in-Pipe Installed Offshore Malaysia

McDermott’s Lay Vessel North Ocean 105 (courtesy McDermott)

McDermott International, Inc. reports that its subsidiary has become the first to install rigid reel-lay pipe-in-pipe in Asia-Pacific for the Siakap North-Petai (SNP) development project offshore Malaysia. At more than 3,900 feet (1,190 meters)


Saipem: A Fleet Grows in Brazil

Saipem FDS 2 with new J Lay tower at anchor. (Photo Saipem)

As some pre-salt plays begin production, a wide range of subsea infrastructure is being built, with O&G transportation pipeline grids being one of the vital downstream systems. Saipem has been recipient of the first major contracts to install deepwater pre-salt pipelines by national operator


Offshore Floating Production Hits Headwinds

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Floating Production inventory continues to grow, but rising costs, shale oil and gas are starting to create significant headwinds Floating production has been one of the most significant developments in the oil and gas industry over the past four decades


Three European firms win Angola deepwater deals

Three European companies have won contracts for almost half the value of Angola's $16 billion ultra-deepwater Kaombo oil project, confirming a trend toward bigger scale and risk for the deep-sea contracting and construction sector. Saipem of Italy announced a $4 billion contract related to


Polar Onyx Readies for Brazilian Depths

Photo: ULSTEIN/Marius Beck Dahle

The offshore construction vessel Polar Onyx was delivered on March 4, 2014 from Ulstein Verft to GC Rieber Shipping, as the latest addition to their growing investments into the subsea segment. The vessel’s first assignment will be to work for deepwater projects serving as pipelay support


Floating Production Market Forecast

Jim McCaul, IMA

$136 billion expenditures forecast for Floating Production Unit purchases over the next five years Today, 319 oil/gas floating production units are now in service, on order or available for reuse on another field. FPSOs account for 65% of the existing systems, 74% of systems on order.


DryShips Re-state Amended US$1.9-Billion Credit Agreement

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From HQ in Athens, Greece, DryShips Inc. announce that through its majority owned subsidiary Ocean Rig, and its wholly-owned subsidiaries, Drillships Financing Holding Inc. (“DFHI”), and Drillships Projects Inc., have entered into an Amendment and Restatement Agreement to the


Petrofac Order Hi-end Offshore Construction Vessel

Image courtesy of Petrofac

Service provider to the oil and gas industry, UK-based Petrofac, confirms placement orders to build its new proprietary design Petrofac JSD 6000 deepwater derrick lay vessel, which will be available for construction and installation activities in early 2017.


Subsea Vessels Poised for Increased Global Demand

Calvin Ling, Douglas-Westwood, Singapore

In its latest subsea vessels report Douglas-Westwood (DW) forecast more than $100b of expenditure on subsea vessel operations over the next five years – with global demand is expected to increase by 23%. The increase in expenditure is expected to be higher than the growth in vessel days


U.S. Court Case against Bollinger Dismissed

Photo: Bollinger

The United States filed a complaint against Bollinger Shipyards, Inc. in July 2011 based on allegations that "Bollinger knowingly misled the Coast Guard to enter into a contract for the lengthening of Coast Guard cutters by falsifying data relating to the structural strength of the converted


Oceaneering Announces Newbuild Subsea Support Vessel

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Oceaneering International, Inc. announced it has commissioned the construction of a subsea support vessel from BAE Systems.  The vessel is expected for delivery by the end of the first quarter of 2016. This vessel will be U.S. flagged and documented with a coastwise endorsement by the U.S


New Subsea Support Vessel Ordered by Oceaneering

An Oceaneering DSV: Photo courtesy of Oceaneering

Oceaneering International, Inc. has commissioned the construction of a subsea support vessel from BAE Systems, expected to be delivered by the end of the first quarter of 2016. The new ship will be U.S. flagged and documented with a coastwise endorsement by the U.S. Coast Guard






 
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