VetcoGray Wins Shell Contract

Tuesday, July 10, 2007
VetcoGray, a GE Oil & Gas business, is supplying its latest MS-700 system deepwater technology to Shell Group Companies for the deepwater BC-10 project, recently named Parque das Conchas, located in Brazil's Campos Basin.

The contract with Shell includes the supply of 12 MS-700 slimbore subsea wellhead systems and seven 42-inch liners, with delivery beginning in July of 2007. Once installed, the MS-700 slimbore wellhead systems will enable Shell to drill and complete wells in conjunction with their reduced bore riser and a surface blowout-preventer (BOP), thus exploiting the drilling capabilities of rigs with conventional operating envelopes, typically less than the actual water depth at Parque das Conchas (up to 1930m water depth).

The project will mark Shell's first use of a surface BOP system for deepwater in field development. As deepwater exploration and development moves into deeper water and more demanding environments, operators are looking for ways to reduce costs to make projects more economically attractive. A key avenue to achieve cost reduction is to use smaller deepwater rigs for drilling, testing and completing wells. Surface BOP technology facilitates the deployment of smaller rigs in deep water, which results in lower day rates, well costs, and field development costs. The design of the MS-700 slimbore subsea wellhead system, with a 13-5/8 nominal bore design, originated from the MS-700 18-3/4 subsea wellhead. Although smaller in size, the MS-700 slimbore subsea wellhead system utilizes the same (all) metal-to-metal sealing technology as VetcoGray's field proven MS-700 18-3/4 MS-1 seal. Within deepwater applications the MS-700 slimbore subsea wellhead system provides substantial savings in rig cost, rig time and drilling cost. In addition, there is increased flexibility to complete and work-over subsea wells utilizing slender intervention riser systems and smaller less expensive vessels.

VetcoGray has supplied over 60 MS-700 slimbore subsea wellhead systems to customers in Brazil, West Africa, and Asia Pacific, who have all capitalized on the new technology. In keeping with Shell�s commitment to high local content, VetcoGray will manufacture the MS-700 slimbore subsea wellhead systems in Brazil.

The BC-10 block includes the Ostra, Abalone, Nautilus and Argonauta fields in the Campos Basin about 120 kilometers southeast of the city of Vitoria, Brazil in water depths ranging from 1,650 to 1,930 meters. Shell has a 50 per cent operating stake in the BC-10 block, which was declared commercial in December of 2005. Other Partners in the venture include Petrobras (35%) and ONGC (15%). SOURCE: VetcoGray and GE Oil & Gas

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Great Barrier Reef Kept Off UNESCO 'Danger' List

A heritage committee of the UNESCO cultural agency stopped short of placing Australia's Great Barrier Reef on an "in danger" list, but the ruling on Friday raised

World Refugee Crisis to Worsen with Climate Change

A historic 52 million people are fleeing conflict worldwide, a trend that will intensify over the next two decades because of climate change, International Rescue

EXG Wins CII SCALE Award

Express Global Logistics Pvt Ltd (EXG) won the Supply Chain and Logistics Excellence (SCALE) Award 2015 organized by CII (Confederation of Indian Industry).

Offshore

Kongsberg Contracted to Support FLNG Conversion

Kongsberg Maritime secures position in the LNG market with electrical and automation contract for Golar Hilli FLNG   Keppel Shipyard in Singapore and Black & Veatch in the U.

Statoil Awarded Licenses Offshore Nicaragua

Statoil informs it was today awarded four licenses offshore the Nicaraguan Pacific, covering an area of about 16,000 km2 in the largely unexplored Sandino Basin.

Mexico Removes Bid Limit on Shallow Water Oil Tenders

Mexico's oil regulator voted on Friday to relax previously established rules on bidding terms and contracts that form the first step in an historic sector opening

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2421 sec (4 req/sec)