FPSO vessel

Deployment of floating production units is predicted to increase; however, analysts think orders for such units will fall in 2015.

The amendment will defer the commencement of the work, previously scheduled to begin in the third quarter of 2015, to April 1, 2016.

The availability of dual-fuel engines and dedicated natural gas engines has created more fuel options in the oil patch.

Besides cylinders, the corresponding control and storage for the hydraulic system was also delivered.

Supported by an initial investment of 17 million euros, TI Geosciences will be based in Darlington, U.K., with operating bases in Teeside, Singapore and Saldahna Bay, South Africa.

Various subsea equipment will be delivered throughout 2015 and 2016.

Six months after the delivery, Sevan Marine must be paid US$10 million.

The unit features flow rates of 30 bbl per minute and a configuration of proprietary pumps, valves and hosing, the release said.

The drillship, which can accommodate a 20,000-psi BOP system, has been designed in full compliance with the ABS Guide for the Classification of Drilling Systems.

The company began discussions earlier this year with some contractors to lower rig rates and other services, CFO Mario Beauregard said in a telephone interview. 

Following successful first oil in November 2014 and completion of the 72-hour continuous production test in early December 2014, PRN goes into effect retroactively to Nov. 28, 2014.

As part of the contract extension, Ocean Rig will adjust the existing day rate of the drillship contract in exchange for Eni agreeing to enter two new contracts for one or more of Ocean Rig’s available drillships in West Africa.