Statoil Awards Aker a Contract for New Type of Rig

Press Release
Wednesday, April 18, 2012
A prototype of a Cat B rig installation (Photo: Statoil).

Statoil is awarding Aker Solutions a contract today for hiring of an entirely new type of rig, which represents an important technological advance for the industry.

The category B rig will represent an important contribution toward increasing recovery from existing fields. The rig with associated integrated services is expected to reduce operating costs for well intervention by as much as 40 percent.

Development of technology for increasing the recovery from operating fields is an area of commitment for Statoil. For the last year, the average oil recovery rate from Statoil-operated fields has risen from 49 percent to 50 percent.

The category B rig is designed and equipped for the industrialization of drilling and intervention services in existing production wells and represents a new service.

“This will be a very important part of the tool box for increased recovery on the Norwegian continental shelf, making it possible to produce oil and gas which otherwise would be lost,” said Statoil executive vice president of Technology, Projects and Drilling, Margareth Øvrum. “The category B rig is the result of long-term, targeted technology development to increase subsea well recovery rates.”

In cooperation with the supplier industry, Statoil has developed a new type of rig and well control system specially adapted to carry out well intervention and drilling operations in existing subsea wells.

This type of rig fills the gap between light intervention vessels (category A) and conventional rigs (category C).

The category B design with integrated services is based on Aker Solutions’ own studies with a background in Statoil specifications. The rig type is designed for year-round well service in Statoil-operated activities.

The category B design provides the option for a number of different types of well interventions using wire line and coiled tubing operations.

This type of rig is also designed to carry out sidetrack drilling from production tubing (through tubing drilling – TTD) in a manner that allows simultaneous production from both the new sidetrack and existing production tubing. The well services are conducted through existing subsea Christmas trees.

The key to maintaining the current production level on the Norwegian continental shelf (NCS) is increased recovery from existing fields, along with the development of new fields. Increasing drilling activity on mature fields is important in order to achieve the NCS’ full potential.
Statoil and the licensees will enter into an eight-year contract with options for three times two years for the category B service. The estimated value of the contract is USD 1.9 billion. In addition to rig rental, the contract also includes rental of the necessary equipment and services to carry out well intervention, sidetrack drilling, ROV operations, well testing and cementing.

The rig will be in service in 2015.
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

No Clues on Hanjin's Financial Health

Cash-strapped Hanjin Shipping Co. sources say that the negotiations with tonnage providers for lower rates are undergoing, but wouldn't say much else.   According to Korea Herald, the country's No.

DP World's H1 Volumes Rise

Ports operator DP World reported on Tuesday first-half 2016 gross container volumes up 1.2 percent on a like-for-like basis and up 2.5 percent on a reported basis.

Samil PwC Okays Hyundai's Management Improvement Plan

Hyundai Heavy Industries (HHI) is notified by Samil PwC, a local member of the global accounting firm PwC, that its 3.5 trillion won worth management improvement

Technology

Wärtsilä REvolution system takes sealing technology to New Level

The new Wärtsilä REvolution system is a digital management system that controls, monitors, records and analyses the performance of seals autonomously in real time,

Fuel Consumption, Emissions Monitoring Software Updated

As part of the ongoing Blue Star Delos Renewable Energy Innovation Project, Eco Marine Power (EMP) stated that the Aquarius Management & Automation System (MAS)

MSC Invests in TRAXENS Container Monitoring

MSC Mediterranean Shipping Company has reached an agreement to back French start-up TRAXENS, a developer of cargo logistics solutions and creator of a container monitoring and coordination system.

Contracts

LNG-fueled Bulker Ordered from Korea

Hyundai Mipo Dockyard (HMD) has signed a contract to build a 50,000 dwt bulk carrier with ILSHIN LOGISTICS. The project is a collaboration between POSCO and ILSHIN

Broad Declines drag Baltic Index down

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday on lower rates for capesize, panamax and supramax vessels.

MOL Makes Fleet-wide Migration to Fleet Xpress

Fleet Xpress will deliver data intelligence to drive smarter and greener shipping operations   26 July 2016: Inmarsat (LSE:ISAT.L), the leading provider of global

Offshore

Staying Afloat Down Under?

In recent years, Australia has been a major growth area for offshore gas production and a key driver of offshore CAPEX, says Clarksons Research.   However, the

China Asks U.S. to Support Resumption of Talks with Philippines

China's foreign minister has asked the U.S. secretary of state John Kerry to support the resumption of talks between China and the Philippines over the South China Sea,

VesselValue.com: $28.4B Worth of Ships Delivered to Date

As the calendar now indicates we have passed the half year mark on 2016, VesselValue.com offers insight on the number and value of all the 2016 built vessels that

Energy

Staying Afloat Down Under?

In recent years, Australia has been a major growth area for offshore gas production and a key driver of offshore CAPEX, says Clarksons Research.   However, the

Bahri Q2 Net Profit Soars

National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, reported a 47.2 percent increase in second-quarter net profit on Tuesday.

Fuel Consumption, Emissions Monitoring Software Updated

As part of the ongoing Blue Star Delos Renewable Energy Innovation Project, Eco Marine Power (EMP) stated that the Aquarius Management & Automation System (MAS)

 
 
Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
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: 0.1247 sec (8 req/sec)