Keppel Bags Awilco's Semi-submersible Rig Order
Following the Letter of Intent signed by Keppel Offshore & Marine Ltd through its wholly-owned subsidiary, Keppel FELS Limited, with Awilco Drilling PLC, Keppel has secured the contract to construct a mid-water semisubmersible (semi) drilling rig for harsh environment use worth about $425 million. As part of the transaction, Awilco has independent options to order up to another three similar rigs to be exercised within 12, 24 and 36 months respectively. The prices of the three…
Transocean to Create New Offshore Drilling Company
Transocean Ltd. says that it intends to pursue the creation of an entity comprising 8 of its UK North Sea midwater drilling rigs. The new entity, Caledonia Offshore Drilling Company (Caledonia) is expected to be established during the second half of 2014. Sedco 704, Sedco 711, Sedco 712, Sedco 714, Transocean John Shaw, Transocean Prospect, GSF Arctic III and J.W. McLean. Transocean explains that the UK North Sea remains an important market for them and the company is committed to maintaining its presence in the region.
UK North Sea Gas Discovery 'Significant' Say E&P
E.ON Exploration & Production's (E&P) Tolmount gas discovery in the UK North Sea could contain significantly higher volumes than originally estimated, making it one of the largest discoveries made in this part of the North Sea for several years. The recently completed appraisal well reached its targets within time and budget on 6th July. A 855 m side-track was completed on 30th July, 2013. "This successful discovery in UK is an important step for our growing upstream business. Tolmount will significantly contribute to the implementation of our business strategy," said Jørgen Kildahl, member of the E.ON Board of Management. The Tolmount gas accumulation is situated near existing gas infrastructure in the UK North Sea.
Massive UK Long-term North Sea Energy Project Welcomed
UK offshore industry welcomes the news that EnQuest’s £4-billion Kraken development is to go ahead, a project set to recover around 140 million barrels of oil from the North Sea, secure thousands of jobs and generate billions of pounds of revenue for the Treasury over the next 25 years. The project, EnQuest’s sixth production hub in the UK North Sea, will benefit from heavy oil allowances which the Government has provided to stimulate investment in the UK North Sea. “This is yet another clear sign that opportunity remains in the North Sea. This project reiterates the importance of the measures that need to be taken to secure the continued success of our industry.
Expro Wins Maersk Oil Contract
Expro won a multi-million dollar contract with Maersk Oil. The contract involves providing surface well testing, clean-up services and large bore subsea safety systems for Maersk Oil UK’s contracted mobile offshore drilling unit(s) in the UK North Sea. Running for the duration of three years with a possible two year extension, the contract has a value of £3.2 million. UK business development manager Tim Horsfall said: “Over the past few years, our team has built up a strong relationship with Maersk Oil and this contract award further cements this. More importantly it allows us to continue supporting Maersk Oil UK’s North Sea operations.”…
Huge Offshore Engineering Contract for CB&I
US-based CB&I wins a project contract worth US$250-million from Korea's Daewoo Shipbuilding & Marine Engineering Co, Ltd. (DSME). CB&I's scope of work, which will commence in the first quarter, includes detailed engineering design services for the Mariner Topsides project that is part of the Mariner oil field development project being operated by Statoil in the UK North Sea. The Mariner heavy oil field is located on the East Shetland Platform of the UK North Sea, approximately 150 kilometers east of the Shetland Isles. Pending final approval of the field development plan by the UK authorities, Statoil expects to start production from Mariner in 2017. The field is estimated to produce for 30 years with an average production of around 55,000 barrels of oil per day.
BG Group Completes Sale in CATS
BG Group today announced it had completed the sale of its 62.78% equity interest in the Central Area Transmission System (CATS) gas pipeline in the UK North Sea and associated infrastructure to Antin Infrastructure Partners. Total proceeds from the transaction, announced on 17 June 2014, are up to £562 million, or approximately $961 million at current exchange rates, comprising a payment on completion of £523 million and a deferred amount up to £39 million. A post-tax profit on disposal of approximately $700 million will be recorded in BG Group's third quarter accounts.
UK Oil, Gas Exploration Faces Collapse
According to a March 19 report from Dow Jones & Company, Inc., investment and exploration in the U.K. North Sea oil and gas basin could collapse this year because of high costs and a funding drought, said the head of the country's oil and gas industry lobby. Investment could have halved within two years and exploration and appraisal of new reserves in 2009 could fall to a third of the 2008 level, Oil and Gas U.K. Chief Executive Malcolm Webb told a special session of the U.K. parliament's Energy and Climate Change Committee in Aberdeen, Scotland. (Source Dow Jones & Company, Inc.)
PSV 'Skandi Caledonia' Hire Extended, Rate Increased
Three more years North Sea hire for DOP platform supply vessel 'Skandi Caledonia' Norwegian offshore vessel owner DOF has secured a three-year contract extension with Danish operator Maersk Oil for its platform supply vessel Skandi Caledonia for work in the UK North Sea sector. The three-year option now exercised from October this year replaces an earlier one-year option, with the dayrate for the new period - which was not disclosed - set to increase 25%. The vessel has been working for Maersk since delivery in 2003.
DNV GL, Chrysaor Pact for North Sea Operations
DNV GL has secured a combined engineering services agreement with Chrysaor Holdings Ltd. to deliver a unique range of services to the company in support of its North Sea Operations. Chrysaor recently completed the acquisition of a package of assets in the UK North Sea from Shell for a price of $3.0 billion. The transaction sees Chrysaor become the leading independent E&P company in the UK. It currently has more than 400 staff working in the UKCS. Hari Vamadevan, Regional Manager UK & West Africa…
Aker Solutions Three-Yr Extension with Nexen
Aker Solutions secured a three-year contract extension for engineering and construction work with client Nexen Petroleum UK Limited in the UK sector of the North Sea. Aker Solutions estimates the contract value to be approximately $90.2m. Nexen Petroleum UK Limited is extending the engineering and construction contract with Aker Solutions, releasing an extended option on the existing agreement. The original E&C contract with Nexen was signed in April 2005. Aker Solutions scope of work for Nexen involves engineering, procurement and construction services for Nexen's UK North Sea assets. Work under the extended contract is ongoing and will last until April 2013.
Big Abandonment & Recovery Missions Offshore for AF
AF Group's wholly owned subsidiary, AF Decom Offshore UK Limited, has in a consortium with Heerema Marine Contractors Nederland SE (Heerema AF Consortium), entered into an agreement with CNR, Canadian Natural Resources International (UK) Limited for decommissioning of the Murchison platform in the UK North Sea. MoU includes a major contract for engineering, preparatory, removal and recycling (EPRD) of both tires and steel foundations, in all, a combined weight of more than 37,000 tons.
Accident Prompts TAQA to Shut Down UK North Sea Platform
The 12,000 barrel-per-day (bpd) Harding oil platform in the UK North Sea is being shut down as a precaution after a worker fell off and died early on Thursday, a spokesman for operator TAQA said. "Production is being shut down," the spokesman for the Abu Dhabi National Energy Co. (TAQA) said. "It is what we feel is the appropriate response to the tragic loss of life and the effect it has had on our colleagues on the platform."
New Safety Milestone for EnQuest
EnQuest PLC, the largest UK independent production company in the UK North Sea, has reached a new North Sea safety milestone by recording five years free of Lost Time Incidents (LTIs) on drilling operations in the Thistle field. The LTI achievement covers a period of major operational activity which saw EnQuest bring Thistle drilling back online to drill its first new wells in 20 years. EnQuest’s drilling team, supported by a KCA Deutag drill crew, an Aker well services crew and a range of other offshore contractors have taken Thistle from a rig upgrade through to rig start up…
ADIL Inks Oil & Gas Contract with Iona
Energy consultancy ADIL announces six-figure contract win with Iona Energy. ADIL, the Aberdeen-based independent energy consultancy, announces a £500,000 contract win with oil and gas company, Iona Energy. ADIL will provide management support, enabling its client to develop a recently purchased field in the UKCS. Iona completed the acquisition of North Sea Block 3/8d, containing the Kells (formerly Staffa) Oil Field, earlier in January. The company is primarily focused on the acquisition, appraisal and development of oil and gas discoveries in the UK North Sea.
Dron & Dickson Win Multi-Million-Dollar Contracts
Dron & Dickson, a specialist in design, supply and maintenance of hazardous area electrical equipment, has secured £55million (over $89.7 million) in UK North Sea contract wins for the first half of 2011. During the last 6 months, the company has landed both new and extended contracts with oil majors such as Nexen Petroleum U.K Ltd, BP, Talisman Energy (UK) Limited and ConocoPhillips. Work has included the provision of electrical good to support maintenance of offshore assets and hazardous area inspection services to meet operational requirements in the North Sea.
New Samskip Container Service for Amsterdam
A new short-sea container service between Amsterdam and Hull has been formally inaugurated with the first call of the 340-TEU vessel THEA II at Amsterdam Container Terminal (ACT). The new service, operated by leading short sea container operator Samskip, offers three sailings a week on this new route with vessels departing from Amsterdam on Mondays, Wednesdays and Saturdays. Commenting on the new service, Clemence Cheng, Managing Director of Hutchison Ports Europe, said: “Amsterdam Container Terminal offers shipping lines the opportunity to serve their customers in a fast…
CATS Pipeline & Infrastructure Sold for $954m
BG Group agreed to the sale of its equity interest in the Central Area Transmission System (CATS) gas pipeline in the UK North Sea and associated infrastructure to Antin Infrastructure Partners for total proceeds up to $954 million. Under the agreement, BG Group will sell its 62.78% interest in CATS for a consideration comprising $888 million on completion of the transaction and a deferred amount of $66 million. The sale does not impact BG Group's rights to capacity in CATS. CATS comprises a fixed-riser platform linked to the Everest oil and gas platform…
Ezra Wins UK North Sea Contracts
Offshore service provider Ezra Holdings has announced that subsea division, EMAS AMC, has won global contracts values at over $115m including options, reports Business Times. These contracts include one for rigid pipe lay for the Aviat field development in the UK North Sea; engineering and offshore support work in West Africa for an oil major which will be undertaken together with Ezra's subsidiary company, EMAS Offshore Limited. Other subsea contract work includes ROV support services and High Voltage Alternate Current (HVAC) pull-ins.
Major North Sea Contract Win for Expro
International oilfield service company Expro has been awarded a multi-million pound contract by Apache North Sea Ltd in the UK North Sea following completion of a competitive tender process. The contract, worth approximately $7.5m annually, mainly covers work on the Forties field. It sees Expro providing wireline services and establishing an alliance with another leading provider to deliver coiled tubing and pumping services for Apache. In total, 24 offshore employees will be dedicated to this contract. The contract has a firm duration of three years with two optional one-year extensions. Expro is a leading global provider of completion wireline services. Focusing on well performance and service, Expro provides a comprehensive range of services for cost-effective operations.
Aker to Deliver Drilling Package in the North Sea
Aker Solutions won a contract from Daewoo Shipbuilding and Marine Engineering (DSME) to deliver a drilling equipment package for the production platform at the Mariner oilfield in the U.K. North Sea. The parties agreed not to disclose the value of the order, which includes a complete topside equipment package. Aker Solutions will also provide necessary support services at DSME's shipyard in South Korea and during the offshore installation phase. Delivery of the equipment will be completed in 2015.
Aker Solutions Wins MMO Contract in UK
Aker Solutions won a framework agreement to provide engineering and construction services for several offshore oil and gas fields in the UK North Sea. The contract has a fixed period of five years as well as an option to be extended by five years. Aker Solutions' maintenance, modifications and operations (MMO) business in the UK will deliver on the assignment, which was awarded by an international oil and gas operator. "Winning this contract in such a competitive market proves Aker Solutions' ability to find effective ways to support our customers at a challenging time for the industry…
ABS Conducts Regulatory Compliance for Octabuoy
When the ABS-classed ATP Octabuoy semisubmersible, which is intended for installation on the Cheviot Field in the UK North Sea, is completed later this year, it will be the first project for which ABS will have conducted full regulatory compliance services to the UK-HSE scheme. The unique shape of the semisubmersible's hull provides an extremely deep draft with good motion characteristics. The Octabuoy, named for its octagonal ring pontoon, is designed to minimize the parametric motions (pitch, roll, heave) as a result of the unique geometry of the columns. The unit can accommodate the use of top-tensioned risers for dry-tree completions and provides a favorable platform for the use of steel catenary risers (SCRs). First production from the Cheviot Field is expected in 2012.