Smedvig Secured New Assignments for West Navion
Smedvig has been awarded a letter of intent by ChevronTexaco, U.K. for the assignment of the deepwater drillship West Navion. The assignment includes drilling of one deepwater exploration well in approximately 1000 meters of water west of Shetland. The estimated contract value is approximately $ 8 million, and the drilling period is estimated to 45 days, with start-up late March. Furthermore, the existing contract for West Navion with Esso Norge AS has been extended by two months. The contract value for the extension period is approximately $ 10 million. The contract extension, which is a sublet to Statoil, includes drilling of one deepwater exploration well in 1150 meters of water in the Norwegian Sea. This will keep the unit continuously employed for an estimated period from end March to October 2003.
China's First Deepwater LNG Pipe-Layer Sets Sail
China's first 3,000 m deepwater pipe laying crane vessel 'Hai Yang Shi You 201; set sail for South China Sea operations China Rongsheng Heavy Industries Group has collaborated with China National Offshore Oil Corporation (“CNOOC”) to complete construction of a 3,000-meter deepwater pipe laying crane vessel (“DPV”) “HAI YANG SHI YOU 201.” The vessel has set sail for the “Liwan 3-1” gas field in the South China Sea today and will prepare for pipe
BOEMRE Approves GOM Deepwater Exploration Plan
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) announced the approval of a deepwater Gulf of Mexico Exploration Plan (EP) following the completion of a site-specific Environmental Assessment (SEA) for deepwater oil and gas exploration. Shell Offshore, Inc.’s Supplemental EP includes five proposed exploratory wells in approximately 7,160 to 7,259 feet water depth, as well as three previously approved wells approximately 72 miles offshore Louisiana.
BOEMRE Approves GOM Deepwater Exploration Plan
First Initial Plan to Undergo Site-Specific Environmental Review The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today announced the approval of an Initial Exploration Plan (EP), submitted by BHP Billiton, Inc., for activities in deepwater Gulf of Mexico. The EP was completed in accordance with new safety and environmental standards implemented since the Deepwater Horizon explosion and oil spill
Keppel to Build New Drillship to its Proprietary Design
The CAN DO drillship will be the front runner in exploration, development and completion operations. Following positive feedback and strong enquiries from the market, Keppel FELS Ltd (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Ltd. (Keppel O&M), is proceeding with the building of its new CAN DO drillship. When completed in 2016, the drillship is expected to be a state-of-the-art deepwater exploration, development and completion drilling vessel.
D’Appolonia Takes Majority Stake in SeaTech
D’Appolonia, the independent engineering consulting company of RINA Group, headquartered in Italy, announced it has acquired a majority stake in Fano-based SeaTech Srl. According to D’Appolonia, the acquisition aims to strengthen its position in the marine offshore oil and gas sector. SeaTech provides analysis and design services, manages projects for offshore pipelines, subsea systems and structures and met-ocean monitoring systems
Crowley, Triunfo To Establish Joint Venture
Crowley Marine Services and Triunfo Operadora Portuaria Ltd., intend to form a joint venture to operate a deepwater logistics base in the State of Rio de Janeiro, Brazil. GAIA Comercial Exterior will participate as Crowley's Brazilian representative for energy logistics services. The partners announced the joint venture during a signing ceremony at Rio's prestigious Naval Club. The deepwater logistics base will be located at Triunfo's marine terminal on Guanabara Bay and will manage the
Energy Use Enjoys Strong Growth
Worldwide energy consumption will grow by 60% over the next two decades, according to the reference case projection released today by the Energy Information Administration (EIA) in its annual forecast of international energy demand. The "International Energy Outlook 2002" (IEO2002) expects much of the growth to occur in the developing world, with the regions of developing Asia (including China, India, and South Korea) and Central and South America leading the way as their consuming
Brazil Offshore Shipbuilding 'Center of Excellence' Planned
Petrobras plans to build the center, which is intended to help shipbuilders meet the company's pre-salt oil & gas exploration needs. The plans to build a center of excellence for the shipbuilding industry in Brazil were highlighted in the presentation made by Paulo Sergio Rodrigues Alonso, Petrobras Local Content Advisor to the President and the Executive Coordinator of Prominp, during an event sponsored by the Brazil-Texas Chamber of Commerce (Bratecc), in Houston
Study: Outlook Strong for Offshore Pipe Industry
The European outlook for the offshore pipe industry in 2014 is positive, according to a recent report conducted by Tata Steel, a supplier of innovative deep-water pipe line solutions. The study, conducted by Europe’s second largest steel producer, points to high energy demand from Africa, Asia and BRIC (Brazil, Russia, India and China) nations which will continue to drive offshore developments. The study highlights the growth in deepwater developments in Africa and Europe as signs
Offshore Deepwater Rebound?
Statoil awarded licences in Mexico’s Deepwater round Statoil was awarded blocks 1 and 3 in the Saline Basin in the Deepwater exploration tender in the Mexican Round 1. The blocks cover an area of about 5,650 km2 (18,500 square miles) in the largely unexplored deepwater areas of the Saline Basin. Statoil will be the operator of blocks 1 and 3, at 33.4% equity, with partners BP and Total participating equally with the remaining equity.
BHP Billiton, Pemex sign Trion Contract
BHP Billiton has advanced its exploration and production interests in the Gulf of Mexico by executing a contract with PEMEX Exploration & Production Mexico (Pemex) to complete work on the significant Trion discovery in Mexico. In December 2016, BHP Billiton successfully bid on the resource that, once fully appraised, is expected to be in the top 10 fields discovered in the Gulf of Mexico in the last decade.
Lundin Extends Contract for Ocean Rig
Ocean Rig UDW, contractor of offshore deepwater drilling services, has announced that Lundin Norway AS, has declared their third option to extend the existing contract of the Leiv Eiriksson. In addition, Ocean Rig has granted Lundin 2 additional options to drill further wells in the future. As a result of these developments, the rig now has firm employment until at least the end of September of 2017 and should Lundin exercise its additional seven one-well options
Total, Chevron Team up in Gulf of Mexico Oil Exploration
Total announced that its subsidiary, TOTAL E&P USA, INC., has entered into an agreement to capture seven prospects operated by CHEVRON U.S.A. INC. in the deepwater Gulf of Mexico. The agreement covers 16 blocks. The associated prospects are located in two promising plays and areas of the GoM: Wilcox in Central GoM next to the Anchor discovery, and Norphlet in Eastern GoM nearby to the Appomattox discovery
Petrobras Sets Well Depth Record
Petrobras has broken a new domestic record for exploratory drilling by reaching a water depth of 2,990 meters. This was achieved in February while drilling a well in the Moita Bonita area of Sergipe-Alagoas Basin, 92 km from the city of Aracaju. Only six exploration wells across the world have exceeded this depth. Of the 50 deepest wells in the world, Petrobras has drilled 15 (30%) of them. The deepwater discoveries made in Sergipe-Alagoas Basin since 2010 have revealed a new
BP Terminates GoM Rig Contracts
BP terminated contracts for two deepwater oil drilling rigs in the Gulf of Mexico as the British oil company slashes its exploration budget due to fallen oil prices. Offshore drilling company Ensco said it had received notice to terminate BP-operated rig DS-4 in the Gulf of Mexico. Rival Seadrill Partners announced this week that BP had also cancelled a contract for the West Sirius field in the same region. BP confirmed the termination of both contracts
NOAA to Explore Depths of Caribbean Sea
Public can watch seafloor discoveries live online April 9-30. Beginning April 9, scientists aboard NOAA Ship Okeanos Explorer will begin a series of 20 dives to investigate previously unseen depths of the Caribbean Sea and Atlantic Ocean – and the public can follow along online. During dives that are expected to go as deep as 3.7 miles, a sophisticated unmanned submarine, called a remotely operated vehicle, or ROV, will broadcast live video from the seafloor
Total Pulls Out of Oman Offshore Exploration Block
French oil and gas giant Total has pulled out of a deepwater block in offshore Oman after failing to make commercially attractive discoveries, a senior Omani official told reporters on Monday. Nasser Al Aufi, undersecretary at the Ministry of Oil and Gas, did not provide details regarding Total's decision. The company signed an exploration and production-sharing agreement in December 2013 for Block 41, which lies off the Omani coast northwest of Muscat and covers almost 24
Myanmar Awards Statoil, Conoco Phillips Deepsea Exploration Contract
Myanmar has awarded contracts to international oil majors Statoil and ConocoPhillips for oil and gas exploration in a deepwater offshore block, the official Kyemon Daily said on Sunday. The Myanmar newspaper said the two companies' regional subsidiaries - Singapore-registered Statoil Myanmar Private Ltd and ConocoPhillips Myanmar E&P Pte. Ltd. - agreed to invest $323 million in oil and gas exploration in Deepsea Block AD.10, off Myanmar's western Rakhine coast.
Shell Starts Bonga Phase 3 in Nigeria
Shell Nigeria Exploration and Production Company Ltd (SNEPCo) announced the start-up of production from the Bonga Phase 3 project. Bonga Phase 3 is an expansion of the Bonga Main development, with peak production expected to be some 50,000 barrels of oil equivalent, Shell said. This will be transported through existing pipelines to the Bonga floating production storage and offloading (FPSO) facility, which has the capacity to produce more than 200
Update: Statoil Follows Shell out of Alaska
Norwegian oil major Statoil said on Tuesday it will pull out of Alaska's Chukchi Sea, just weeks after Royal Dutch Shell abandoned the treacherous waters there after spending billions on oil exploration work. The latest pullback comes as oil companies slash spending on expensive offshore projects during the worst price crash in six years. Businesses, politicians and environmental groups have squared off over drilling in the Arctic
Maersk Venturer to Drill for Total
Maersk Drilling has been awarded a contract for the drillship Maersk Venturer with oil major Total. The contract covers one exploration well (estimated duration 120 days) in block 14 offshore Uruguay. The estimated contract value for the programme is USD 44m excluding mobilisation. The drilling programme is expected to commence in March 2016. “We have collaborated and partnered with Total many times over the years
Pemex Extends Fugro Campaign
Mexican national oil company, Pemex, has awarded a further extension to Fugro’s contract to support its exploration drilling activities in the Bay of Campeche. The contract extension is valued at approximately $20 million and the workscope includes geophysical and geotechnical field operations, laboratory testing and geoconsulting activities. The field program commences in December 2015 from the ultra-deepwater geotechnical and well services vessel Fugro Synergy
Lloyd's Register Extends Drilling Rig Integrity Support
Exploration begins by BHP Billiton using the Deepwater Invictus rig and supported by Lloyd’s Register’s rig integrity team. Lloyd’s Register (LR) announced it has extended rig integrity support for the Deepwater Invictus drilling rig. The company’s expertise in blow-out preventers (BOPs) and rig integrity will be used to provide confidence in how risk is managed for deepwater drilling and well exploration.
As Operators Look for the Bottom, Gulf Gloom Persists
Gulf of Mexico vessel operators want to see sustained, higher oil prices. After a rough two years, supply boat owners and operators in the Gulf of Mexico hope crude oil prices will improve in 2017. That would encourage activity among the offshore drillers that they service and would put unemployed boats back in the water. Vessel owners aren’t necessarily banking on a good year ahead, however. “Utilization of OSVs and PSVs in the Gulf is below 50 percent now