Equinor Awards Light Well Intervention Contract to Akofs
Akofs Offshore has been awarded a contract for light well intervention services using the Akofs Seafarer vessel for all Equinor-operated licences in the period 2020 to 2025.Equinor is the operator of about 560 subsea wells on stream on the Norwegian continental shelf. The wells require maintenance, repairs and new production actions. In 2017 Equinor performed 55 light well intervention operations, the average break-even for new production being less than USD 4 per barrel.Granted for a period of five years the contract for wireline operations on Equinor’s subsea wells includes an option for one 3-year extension.
STATS Group Post 65% Profit Increase
Pipeline technology company STATS (UK) Ltd increased profits by 65 percent to £4.3 million ($6 million) while maintaining revenues of £30 million, ($41 million) according to its latest annual accounts lodged at Companies House.The accounts to December 31, 2017, show that despite the continued impact of low oil and gas prices, demand for the group’s isolation and intervention services remained solid with an upturn in project awards from new clients in the UK and internationally.The rise in profit (trading EBITDA) from £2.6 million ($3.6 million) in…
Statoil Awards $1.5 Bln Drilling Contracts
Statoil has awarded drilling contracts to Archer, KCA Deutag and Odfjell Drilling for drilling, completion, intervention services, plugging, maintenance and modifications on 18 of Statoil’s fixed platforms. The contracts take effect from October 1, 2018, initially for a period of four years. The total value is estimated at more than NOK 12 billion ($1.5 billion). The contracts include three two-year extension options. The work will employ around 2,000 people per year. “Safe and efficient operations are our number one priority. These contract awards will help ensure safe and efficient well deliveries, and sustain a high level of activities on the Norwegian continental shelf.
Subsea Infrastructure: Challenges & Solutions
As offshore oil and gas reserves become ever more difficult and costly to recover, the demand for innovative technology has never been greater. Joe Orrell, managing director at RED Engineering, considers some of the challenges in subsea infrastructure design and the role of fast track engineering solutions. The offshore oil and gas industry, even in times of low prices and abundant supply, is driven by the almost relentless search for new fields to replace those coming towards the end of their natural productive lives. Often this forces exploration in ever more challenging environments and places huge demands on the boundaries of technology.
FUGRO, Cross Group Awarded Multi Well GoM Contract
Fugro’s dynamically positioned multi-purpose drilling, well intervention and geotechnical vessel, Fugro Synergy, will showcase her capabilities on a multi well intervention campaign which recently started in the Gulf of Mexico. The campaign involves utilization of a top tensioned 6 5/8” riser and coiled tubing, and fieldwork for the contract is being undertaken jointly by the Cross Group Inc and Fugro, to employ the MODU (mobile offshore drilling unit). The vessel was designed and built specifically for well intervention services, and with her technical specification, Fugro Synergy complements MODU-based operations.
Fugro, Cross Group Bag Multi-Well Contract
Fugro’s dynamically positioned multi-purpose drilling, well intervention and geotechnical vessel, Fugro Synergy, is proving her capabilities on a multi well intervention campaign which recently started in the Gulf of Mexico. The well intervention campaign involves utilisation of a top tensioned 6 5/8” riser and coiled tubing, and fieldwork for the contract is being undertaken jointly by the Cross Group Inc and Fugro. It employs the expertise of both organisations, providing a safe, efficient and cost-effective field-proven MODU (mobile offshore drilling unit).
Proserv Delivers Opening Phase of Record Contract
Proserv has completed the first phase of one of its largest contracts yet to provide subsea control systems for deepwater projects in Brazil. The firm has delivered the initial three of nine control systems that will support drill pipe riser (DPR) intervention services at depths of 2,500 metres. The work forms part of a $40 million deal with a leading oilfield service company. The remaining six systems are expected to be delivered by the turn of the year in line with key project milestones. The project reinforces Proserv’s rapidly evolving global…
Archer Hit by U.S. Shale Rig Squeeze
Oil services firm Archer expects to cut its costs by at least 10 percent through an 11 percent headcount reduction, as it adapts to a weaker market in the North Sea and the U.S., the firm said on Monday. Archer, which offers drilling and well intervention services, is especially hit by the downturn in the U.S. onshore market where the shale rig count has fallen by more than 500, or 30 percent, since the end of November. Archer expects this decline to continue through the first quarter and into the second quarter, it said on a conference call with investors.
DeepOcean to Provide MPV to Tullow Ghana
DeepOcean Ghana Limited, a Ghanaian company with 51% Ghanaian owned share structure, has been awarded a contract to provide the services of a multipurpose construction vessel (MPV) to Tullow Ghana Limited. The scope of work for the contract is inspection, survey and subsea construction on the Tullow operated deepwater Jubilee and TEN Fields offshore Ghana. The contract includes subsea tree and jumper installations in approximately 1,100 - 2,000 m water depth. Following the signing of the contract, DeepOcean Ghana Limited is currently mobilizing the Rem Forza, a subsea construction vessel for a six-month charter from March to August 2015, with the possibility of extension into 2016.
Aker Wayfarer Wins 5-Yr Contract from Petrobras
Aker Solutions' subsidiary Aker Oilfield Services (AKOFS) has won a contract worth USD 465 million over five years from Petrobras to provide subsea intervention services offshore Brazil from the Aker Wayfarer vessel. The contract will start within the fourth quarter of 2016 and has a five-year option extension. AKOFS will at the end of September become part of Akastor, an oilfield services investment company that will be one of two companies formed as part of the announced separation of Aker Solutions. The Aker Wayfarer vessel will be outfitted at a yard in Norway to become a deepwater subsea equipment support vessel (SESV).
Qinterra Contracted for $20m Petronas Deal
International specialists well intervention technology company Qinterra Technologies has been awarded a contract worth up to $20miliion (USD) to support Petronas Carigali Sdn Bhd operations in Malaysia. The three year deal, will see Qinterra Technologies provide tractor services for all of Petronas Carigali Snd Bhd offshore assets in Malaysia. The scope for work, which covers more than 50 wells, will see the introduction of next generation tractor applications including debris collector and rotational equipment. It is the first contract between the two companies and it followed a competitive tendering process.
STATS Group Announces New UK Facility
STATS Group has opened a new Intervention Engineering and Technical Support hub and recruited two of the energy industry’s leading experts in pipeline intervention services. The Aberdeenshire-headquartered pipeline engineering specialist has invested in a new facility in Kendal, Cumbria,(U.K.), which will be the focus of its technical and operational support, coupled with research and development work for its hot tap and BISEP* product lines. The 2,500-square-foot office and research base is headed up by Martin Wilson in the newly created post of Director of Intervention Services, and he is supported by Dr. Mark Burton, Technical Director of Intervention Services.
Ziebel to Provide DFO Intervention Services for ConocoPhillips
Ziebel AS, a Stavanger-based provider of specialist well intervention services for the oil and gas industry, announced that it has reached an agreement with ConocoPhillips to provide distributed fiber optic (DFO) intervention services in the continental United States. Ziebel will offer its DFO intervention services beginning in the first quarter of 2015 from its base in Houston, Texas. Ziebel will employ a purpose-built, trailer-mounted Z-System, which uses fiber optic composite rod technology to access and visualize wellbores in real-time. During the campaign…
Keppel, Seafox Partner to Build Jackups
The accommodation jackup rig with Plug & Abandonment (P&A) features will be based on Keppel’s KFELS J Class design which is suited for the harsh environment of the Norwegian North Sea. Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has signed an engineering services agreement with Workfox B.V, a subsidiary of the Seafox Group (Seafox), to embark on an engineering study of a purpose-built accommodation jackup rig with well intervention and P&A features. The project, which is named Seafox 8, is being developed to address a gap in the current P&A market.
Subsea Pipeline Pressure Intervention Averts Major Disruprtion
Pipeline Re-routed Without Interrupting Production Offshore Jakarta. T.D. Williamson, Inc. (TDW) announced that as a result of a complex subsea pipeline pressure intervention carried out in record time offshore Indonesia, it helped to prevent a major gas supply interruption for millions of residents and businesses in Jakarta. The operation made company history as the largest subsea pipeline pressure intervention that TDW has ever executed. The challenging hot tap and STOPPLE plugging operation was carried out for main contractor Timas Suplindo in cooperation with Offshore Construction Specialists on behalf of Pertamina EP…
