Oil And Gas Recovery News

Statoil ASA and Petróleo Brasileiro S.A. (Petrobras) have agreed that Statoil will acquire a 25 percent interest in Roncador, a large oil field in the Campos Basin in Brazil. The transaction nearly triples Statoil’s production in Brazil, with attractive break-evens and potential for additional value creation for both parties through the application of Statoil’s expertise in improved oil recovery (IOR). The total consideration comprises an initial payment of $2.35 billion, plus additional contingent payments of up to $550 million. “This transaction adds material and attractive long-term production to our international portfolio, further strengthening the position of Brazil as a core area for Statoil.

The riser platform construction start was marked today at the Samsung Heavy Industries yard in South Korea. Project director for Johan Sverdrup Kjetel Digre (from right), project manager for the riser platform and the processing platform Ståle Nordal and head of Samsung Heavy Industries’ offshore division Younsang Won led the formal celebration of the construction start in South Korea 30 June. “As we are starting the riser platform construction we are taking another important step in delivering the Johan Sverdrup project on schedule,” says project director for Johan Sverdrup Kjetel Digre. The preparations for the riser platform construction started already in January 2015…

Aker Solutions and Fjords Processing have formed an alliance to develop technology and capabilities for advanced, cost-effective wellstream separation and treatment solutions for the subsea and topside oil and gas industry. The WellSep alliance will apply Aker Solutions' subsea processing experience and testing facilities and Fjords' topside and onshore separation technologies to provide complete solutions. "This is a great opportunity to further develop our key technologies with one of our most important partners, Aker Solutions," said Rune Fantoft, chief executive officer of Fjords Processing. "The alliance will further strengthen our wellstream separation technology portfolio, testing and in-house capabilities," said Alan Brunnen, head of subsea at Aker Solutions.

By John Kemp. The opinions expressed here are those of the author, a columnist for Reuters. Britain's North Sea exploration and production business is set to be transformed, with cooperation replacing competition and proactive, intrusive regulation replacing a light touch. On Monday, ministers promised to back fully the recommendations contained in Ian Wood's review on maximising oil and gas recovery from the UK Continental Shelf (www.woodreview.co.uk). A powerful new regulator will be spun out of Britain's Department of Energy and Climate Change (DECC), staffed by industry experts with salaries to match, to end the squabbling among offshore operators and promote a strategy based on shared infrastructure and regional development plans.

Siemens Subsea Products has chosen an all-electric tube bender from Unison to improve the quality and speed the production of the small-bore hydraulic tubes it uses on subsea hydraulic flying leads with Multiple Quick Connections (MQC), Cobra Heads and associated offshore oil and gas recovery equipment. The tubes feature complex bends of extremely high accuracy, and until now the company has either fabricated them manually or bought them in as pre-formed sub-assemblies. Siemens Subsea Products produces a wide range of subsea electric…

Aker Solutions to supply Statoil with subsea trees & control modules for the Visund Field on the Norwegian continental shelf. The contract is for the supply of five subsea trees and eleven control modules, and is valued at aproximately NOK 300-million. Visund is an oil and gas field located 22 kilometres north-east of the Gullfaks field in the Tampen area of the Norwegian North Sea. The field came on stream in the spring of 1999. The five subsea trees for the Visund field will be equipped with Aker Solutions' most advanced subsea technology. This technology enables oil and gas production from intelligent wells which provides higher oil and gas recovery and more reservoir data.

Professor Curtis Hays Whitson has been awarded Statoil’s research prize 2010 for his major input to boosting knowledge about recovery of gas and gas condensate fields and improved recovery of oil fields by the use of gas injection. The prominent researcher came to Norway in the early 1980s. As professor and entrepreneur he has conducted numerous studies for Hydro and Statoil in connection with field implementation of gas injection on the Norwegian continental shelf (NCS) and internationally, as well as studies related to gas field recovery and phase behaviour of reservoirs.

Aker Kvaerner Launches the PodEx - a new, technology solution to the ever-growing challenge of maximizing oil and gas recovery from mature subsea fields. The PodEx is a module that integrates new functionality and instrumentation directly into the existing subsea control system. It is a cost-effective alternative that requires very little installation time. Its ultimate aim is to optimize production at brownfield developments and enhance environmental safety. The PodEx utilizes spare subsea electrical circuitry or co-existent power supplies to convey increased well and reservoir data to topside data acquisition systems for analysis. It is scalable and offers a transparent communication layer which is adaptable to any subsea application.

Norsk Hydro ASA selected SGItechnology to expand its national and international oil exploration efforts as well as for a number of research projects. To perform seismic acoustic tomography and migration velocity analysis to determine optimal oil well drilling sites, Norsk Hydro's facility in Bergen, Norway, selected a large, shared-memory SGI Altix system. For its research center in the port city of Porsgrunn, Norsk Hydro acquired an SGI Altix for computational fluid dynamics applications and a Silicon Graphics Prism visualization system. Norsk Hydro's research center in Bergen is developing and testing different methods of imaging and working on a large variety of technical services for oil and gas production.