ATP Oil & Gas Sees Lower 2010 Production
According to a June 4 report from Reuters, ATP Oil & Gas Corp (ATPG.O) expects a lower production for 2010 and said its full-year budget will likely be reduced by $50m to $100m as a result of the Gulf of Mexico offshore drilling moratorium. ATP said the six-month moratorium would delay production from three of its wells, two at the Telemark Hub and one at the Canyon Express Hub. (Source: Reuters)
Positive Outlook for Global Subsea Development, Deepwater Strengthening
There are 2,511 identified pending, probable and possible subsea production wells forecast (base case) worldwide over the next six years. Some 18 percent of these subsea completions will be installed in North America, 30 percent in Africa/Mediterranean, eight percent in Asia-Pacific, 26 percent in the North Sea and 18 percent in Brazil. These subsea projects are in various development stages, including: 23 percent at the pending/construction stage, 11 percent bidding, 9 percent in detailed engineering, 16 percent at the front-end engineering design (FEED) stage, 16 percent of the wells probable and 26 percent possible indicating possible development in the future.
First Contract for the Saibos FDS in GOM
Bouygues Offshore, through its Saibos CML subsidiary, has signed with Saipem Inc. a pipelaying contract for the Canyon Express project in the Gulf of Mexico for TotalFinaElf E&P USA Inc. The $30 million contract (USD 15 million for Bouygues Offshore) consists in: Commenting on this contract, Herve Le Bouc, Chairman & CEO of Bouygues Offshore stated: "It will be the first time in the world that one put down rigid pipe in such water depths. After Canyon Express, the Saibos FDS(R), a dynamically positioned vessel especially designed for deep water fields developments, will set sail for West Africa to start the Girassol project."
Williams Commissions New Offshore Platform
A unit of Williams has announced that it has commissioned a new production handling platform in federal waters approximately 60 miles south of Mobile Bay, Ala. Gas production from approximately 35,000 acres of federal leases is dedicated to the platform. Construction of Williams' Canyon Station -- a fixed-leg platform in 300 feet of water in East Main Pass Block 261 -- was completed on schedule at the end of June. The jacket was installed in October 2001, followed by the deck and all of the topsides equipment in May 2002. Phil Wright, president and chief executive officer of Williams' energy services unit, said, "The deck is set, the generators are running and we're raring to go.
Canyon Offshore Wins Contract on Deepwater Canyon Express
Canyon Offshore has been awarded a one-year Remotely Operated Vehicle services contract to support maintenance on the Canyon Express development in Mississippi Canyon in the Gulf of Mexico. At 7,200 feet of water, Canyon Express is the deepest operating production project in the world and includes three separate gas fields, King’s Peak, Aconcagua and Camden Hills. Under the terms of the contract, Canyon will provide integrated ROV and DP vessel services on an ongoing scheduled and callout basis. Initial planned work includes a detailed baseline CP and visual survey of the East and West flowlines, and the main umbilical and methanol coiled tubing lines. In addition, Canyon will replace subsea chemical injection valves and undertake other field maintenance and intervention tasks as required.
