The Floating Storage Unit (FSU) Yoho FSO (ex N’kossa 1) was successfully re-delivered in September 2004 by Malaysia’s Malaysia Shipyard & Engineering (MSE) to SBM-IMODCO for Exxon Mobil Development Company (EMDC), who acted as project manager on behalf of owner, Mobil Producing Nigeria Unlimited (MPN), after undergoing extensive upgrading, life extension and refurbishment work. The FSO will be moored in the Yoho Oil Field, offshore Nigeria. It is capable of producing up to 165,000 barrels/day and accommodate tankers up to 310,000 dwt. It was refurbished to allow effective utilisation of the unit for a further 15 years uninterrupted service on site.
Attempt to Blow Up Platform Foiled
Authorities of the Eastern Naval Command have explained how their officers and men succeeded last weekend in foiling attempts by some militant youths to blow up oil platforms belonging to Mobil Producing Nigeria Unlimited at Ibeno Eket, Akwa Ibom State, the Nigerian Tribune reported. Addressing newsmen in Calabar, the Cross River State capital, the Commanding Officer of NNS Victory, Captain Benjamin Akinwale Coker, said attempts to blow up the oil were a follow up to their forceful invasion of Mobil off-shore platform located at Edop, about 25 nautical miles into the Atlantic Ocean. Security operatives in the Niger Delta region were put on alert and at the weekend…
Horizon To Build OSV Trio
Horizon Shipbuilding and SLOK Nigeria Limited have signed contracts for the construction of three offshore vessels - all of which will operate under a long-term contract with Mobil Producing Nigeria Unlimited. The contract calls for Horizon to build a 200 ft. (61 m) steel Single Point Mooring (SPM) Oil Spill Response Vessel with a total of 4,000-shaft hp. The vessel will be fitted with controllable pitch propellers and a dynamic positioning system, and will be constructed to ABS class requirements for unrestricted service, thus meeting all SOLAS requirements. A second contract calls for Horizon to construct two 155 ft. (47.2 m) aluminum crew boats for SLOK Nigeria. The vessels, which total about 4,000-shaft hp, will be driven with five propulsion shafts.
Global Marine Announces Two Long-Term Drilling Contracts Offshore West Africa
Global Marine today announced it received a letter of commitment from Elf Petroleum Nigeria Limited, a subsidiary of TotalFinaElf, for two-year contracts for both the Glomar Adriatic I and Glomar Baltic I jackup rigs to work on the Amenam/Kpono field offshore Nigeria. Producing Nigeria Unlimited operates this field development project. The contracts for the two units include key rig upgrades, which are anticipated to cost about $23 million in total. The two contracts are expected to generate combined revenues of approximately $121 million to Global Marine. for extension of up to one year. four operating offshore Nigeria," Marion Woolie, president of Global Marine Drilling Company, said. 410 feet of leg.
Exxon Mobil Makes Major Find Off Nigeria
Exxon Mobil Corp. made a major oil and gas discovery in the deepwater off the coast of Nigeria. Located about 100 miles southeast of Lagos, the discovery well, Erha-1, was drilled from December 1998 to February 1999. Exxon Mobil said the appraisal well, Erha-2, stood in 3,860 feet of water and was drilled to a total depth of 12,287 feet. It tested at a flow rate of 2,800 barrels per day. As operator, Exxon will hold a 56.25 percent participating interest and Shell Nigeria Exploration and Production Co., a unit of the Royal Dutch/Shell Group, will a hold 43.75 percent stake. Including the Erha find, Exxon Mobil holds an interest in 44 deepwater blocks in West Africa.
Exxon, Shell Lose Nigerian Field Access
Chevron Corp. and Exxon Mobil lost an auction for Nigeria's most promising oil and gas fields last year to companies controlled by South Korea. In Venezuela, Royal Dutch Shell's bid to develop an offshore gas deposit collapsed when Brazil's state oil company stepped in. The world's biggest publicly traded oil producers are losing reserves to state-run companies willing to pay higher prices for energy needed to fuel growing economies. Petroleo Brasileiro SA, China's Cnooc Ltd. and India's Oil & Natural Gas Corp. have all bought reserves in the past year. The increasing competition for oil and gas fields is driving up costs, hurting corporate profits, while bolstering crude oil prices by inflating the cost of production.
ExxonMobil Replaces Production for Sixth Year in a Row
Exxon Mobil Corporation announced worldwide additions to its proved oil and gas reserves totaled 1.7 billion oil-equivalent barrels in 1999, replacing 106 percent of production. Exxon Mobil Corporation Chairman Lee Raymond said, "This year's strong performance is the sixth year in a row that we've exceeded 100 percent replacement. The 1999 results were led by significant reserve additions in profitable established areas. These include reserves added in Canada associated with Cold Lake expansions, in Norway at Grane and at the Ringhorne/Forseti discoveries which will be produced through the nearby Balder field extending the life of the Balder facilities, and at LaBarge and South Belridge in the U.S.
Total Says Nigeria’s Oil Bill Will Hurt Industry
According to a September 21 report from the Associated Press, a top official at French oil major Total SA warned that a proposal to overhaul Nigeria's oil industry would hobble foreign investment, just as the firm prepares to bring a major offshore field into production. Analysts said the petroleum bill would sharply reduce the profits of foreign oil companies like Chevron Corp., Exxon Mobil Corp., Royal Dutch Shell PLC and Total, all of whom have subsidiaries operating oil fields in Nigeria. Government officials said the bill would allow more oil money to return to Nigeria's people. The bill also would require the government-run Nigerian National Petroleum Corp., which partners with all foreign oil firms, to seek profits like a private business and not rely on government subsidies.
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 200,000 barrels of oil and 150 million standard cubic feet of gas a day.
ExxonMobil Terminates Seadrill Contract
Exxon Mobil terminates earlier the West Capella working in Nigeria in the Usan Field. John Fredriksen-backed drilling firm Seadrill Partners LLC has received a notice of termination from Exxon Mobil. In accordance with the cancellation for convenience provisions in the West Capella contract, Seadrill Partners will receive a payment of approximately $125 million in two equal installments, the first in the second quarter of 2016 and the second in the first quarter of 2017, plus other direct costs incurred as a result of the early termination.
Mobil Prepares To Make Millennium Uneventful
In contrast to people who may still be hoping to find space on a cruise ship, Dan Zivney knows exactly where he'll be on New Year's Eve. He'll be watching for "Y2K bugs." As project director for Mobil's Year 2000 project, Zivney will be in one of seven regional Mobil incident response centers that will follow the new millennium as it makes its entrance around the world. "Quite frankly, I'm optimistic that our preparedness will reduce or eliminate the work for the response centers," he says. "I want our program to be so successful that the end of 1999 and the beginning of the year 2000 will be remembered as nothing more than a big yawn.
Mobil Announces 1999 Investment Program of $4.8 Billion
Mobil Corporation said it expects 1999 capital and exploration expenditures, including cash investments in equity companies, to be $4.8 billion, down about 11 percent from the estimated 1998 spending level of $5.4 billion. Mobil retains flexibility to revise the 1999 spending budget if crude oil prices fail to improve from current depressed levels or if additional attractive investment opportunities develop during the year. Mobil Chairman Lucio A. Noto said, "The 1999 investment program has been prudently scaled back in view of depressed industry conditions in most of our businesses, and Mobil's commitment to a disciplined level of spending.
Chevron Completes Nigerian Relief Well
Chevron Corporation said that its subsidiary, Chevron Nigeria Limited (CNL), has sealed and abandoned the shallow water Funiwa 1A natural gas well after completing the drilling of a relief well. Production at the North Apoi field, which had been shut in as a precaution, has also been restored and the field is now producing approximately 2,000 barrels of oil per day. On Jan. 16, 2012, a fire started aboard the shallow-water jack-up drilling rig KS Endeavor. Contracted by Chevron Nigeria Limited (CNL) and operated by FODE Drilling Nigeria Limited, the rig was drilling a natural gas exploration well approximately six miles (10 km) off the coast of Nigeria and in roughly 40 feet (12 m) of water. There were 154 personnel on the rig and a support barge, and 152 were safely evacuated.
Exxon Selling Stake in Terra Nova Oil Project
Exxon Mobil Corp is selling its entire stake in the Terra Nova oil project off the eastern coast of Canada, though the world's largest publicly traded oil producer said it was committed to remaining an investor in the region. The project, located about 217 miles (350 km) off Newfoundland and Labrador, produced about 5,000 barrels of oil per day in 2016. Exxon is selling all of its 19 percent stake in the project and initial bids are due March 30, according to data and a document from Schlumberger's oil and gas asset sale business.
A Quality Blend
A recent clutch of 'Rolls-Royce' shipboard equipment and technology contracts in Norway arising out of specialized, capital-intensive newbuild projects testified to the U.K. group's march into the commercial marine domain. For sure, the emergence of the engineering group's name in new mercantile circles is the outcome of last year's acquisition of Vickers, and its Vickers-Ulstein Marine division, rather than the result of U.K. home-grown product diversification. But the new proprietor of the former Ulstein and Vickers' interests intends to build on the platform and integrated system opportunities offered by ownership of the industry's most extensive global network of marine equipment production.
DOC Lets Offshore Oil Exploration Ruling Stand
Commerce Secretary William M. Daley has decided to let stand an earlier Commerce Department ruling in support of the state of North Carolina's objections to exploratory drilling off the state's coast. Mobil Exploration & Producing U. S., Inc., requested that the administrative records on their appeal of the North Carolina objections be reopened so they could include two studies the company felt would address issues relevant to the case. The rulings and appeals are connected with "consistency" provisions of the Coastal Zone Management Act. Under the CZMA, all activities conducted or authorized by federal agencies within a participating state's coastal zone must be consistent with applicable state enforceable policies.
Department of Commerce Lets Ruling Stand
Commerce Secretary William M. Daley has decided to let stand an earlier Commerce Department ruling in support of the state of North Carolina's objections to exploratory drilling off the state's coast. Mobil Exploration & Producing U. S., Inc., requested the administrative records on their appeal of the North Carolina objections be reopened so they could include two studies the company felt would address issues relevant to the case. The rulings and appeals are connected with "consistency" provisions of the Coastal Zone Management Act (CZMA). Under the CZMA, all activities conducted or authorized by federal agencies within a participating state's coastal zone must be consistent with applicable state enforceable policies.
Nigeria Cocoa Shipment Resumes
Exporters have resumed loading of cocoa shipments in Nigeria's second-largest producing area, Cross Rivers state, after the state government suspended on Friday a levy on bean exports, a trade body said. Cocoa shipments from Cross Rivers, which produces annual volumes of around 60,000 tonnes in the world's fourth-biggest producer, had been halted for over a week as exporters protested the state's failure to adhere to a court ruling last week to repeal the tax. About 500 tonnes of cocoa due for export were stuck in warehouses while shipments were suspended. The Cross Rivers state government in 2011 introduced a levy on cocoa exporters who ship the beans through Nigerian seaports other than the state's Calabar port. Exporters went to court to stop the levy.
Nigeria, Equatorial Guinea Sign Maritime Security Agreement
Nigeria and Equatorial Guinea signed an agreement to establish combined patrols to bolster security in the Gulf of Guinea, which has been plagued by piracy in the last few years, a spokesman for Nigeria's president said on Wednesday. Garba Shehu said the agreement, which comes amid the backdrop of a rise in pipeline attacks in the oil-producing Niger Delta region of Africa's biggest crude producer, was signed late on Tuesday by Nigerian President Muhammadu Buhari. Pirate attacks in West Africa's Gulf of Guinea, a significant source of oil, cocoa and metals for world markets, pose a threat to shipping companies. Pirates target oil tankers, usually wanting hostages for ransom and to sell stolen fuel.
Hyundai Heavy Lands $800 Million Order From ExxonMobil
South Korea's Hyundai Heavy Industries said on Monday it has won an $800 million order from Exxon Mobil, to build offshore oil producing facilities in Angola. Hyundai Heavy would oversee the entire construction of the floating production storage and off-loading (FPSO) facilities.
Nigeria Oil Exports Continue to Climb
Nigeria issued its first Forcados oil loading plan since 2016, putting the nation's June oil exports on track to hit thier highest level in at least 15 months. The plan, if realised, would return loadings by Nigeria, normally West Africa's biggest oil exporter, to levels not seen since militant attacks in the oil-rich Niger Delta first shut down Forcados exports in early 2016. It is also likely to put more downward pressure on oil prices, which are already trading more than 16 percent below the highs reached in January on the back of a persistent global excess. Last week the Organization of the Petroleum Exporting Countries along with several other oil producing nations agreed to extend output cuts of 1.8 million bpd, but it gave Nigeria, along with Libya, another exemption.
Shell To Spend $1B To Develop Nigerian Field
Royal Dutch/Shell plans to spend $1 billion developing the 120,000 bpd shallow water EA field off Nigeria using an innovative funding scheme. "The acreage would be developed with no investment by the government, and the private joint venture partners bearing all of the up front cost," Group Managing Director Phill Watts said. The alternative funding scheme is intended to lift the financial burden of state-run Nigerian National Petroleum Corporation - the biggest shareholder in the joint venture operated by Shell, in which Agip and Elf-Aquitaine also hold stakes. EA Field has reserves of 350 million barrels and is due to come onstream in the second half of 2002, producing 100 million standard cubic feet of gas per day in addition to oil, a Shell official said.
Stolt Offshore Wins $150M Contract
Stolt Offshore S.A. signed an interim agreement for the second phase of the Amenam project in Nigeria. The contract, once finalised, is valued at approximately $150 million. It calls for the engineering, procurement, fabrication, installation and commissioning of a 640 tonne water injection platform with 550 tonne topsides at the Stolt Offshore Globestar fabrication yard at Warri in Nigeria. A 60 kilometre, 24-inch diameter gas export line will be installed together with a two kilometre 18-inch diameter pipeline that will link the new water injection platform to a process platform. The offshore installation programme will be in 2005.