TechnipFMC Lands Contracts Offshore Malaysia, GoM, Israel

TechnipFMC said March 26 it has landed three separate engineering, procurement, construction and installation (EPCI) contracts offshore Malaysia, the Gulf of Mexico (GoM) and Israel.

TechnipFMC’s EPCI contract from Sabah Shell Petroleum Co. Ltd. covers the delivery and installation of subsea equipment including umbilicals, flowlines and the subsea production system for the Gumusut-Kakap Phase 2 Project.

The company’s integrated EPCI contract from LLOG Exploration covers the Who Dat Field in the GoM and includes the delivery and installation of a multiphase pumping system, including a manifold, umbilical termination assembly, power umbilical, jumper and topside control equipment. The new contract builds on the existing 10-plus year alliance relationship between LLOG Exploration and TechnipFMC.

Lastly, TechnipFMC has been awarded an integrated EPCI contract by Energean Oil & Gas for the Karish full field development, located offshore Israel at a water depth of 1,750 m (5,741 ft).

Japan’s Inpex Delays Ichthys LNG Project

Oil and gas producer Inpex Corp. said it has delayed the start-up of the Ichthys LNG project in Australia to April or May from the end of March due to bad weather such as cyclones.

The company said in a statement that gas production will start at the same time that commissioning of the central processing facility is completed between April and May. The facility is an offshore platform that will collect gas and condensate output from the Ichthys underwater wells and carry out some initial processing.

An Inpex spokeswoman said, “A major reason [for the delay] is bad weather such as cyclones that have hit the area several times since around the end of 2017.”

She added that the project’s delay would not have an impact on its earnings for the next business year from April.

Inpex’s statement said it has completed the commissioning of the project's first train at the onshore gas liquefaction plant, the FPSO facility, the Ichthys Venturer, and subsea production systems.

Ichthys was planned to start production in 2016. It was originally expected to cost $34 billion, but Inpex in 2015 raised that to $37 billion. In late March Inpex kept its cost estimate unchanged from a previous forecast of overruns of up to a few percent from about $37 billion.

Bureau Veritas Wins Contract For North Sea Drilling Operation

Bureau Veritas has been awarded a six-figure contract to support drilling operations in the North Sea, the company said in a press release.

The long-term frame agreement will see Bureau Veritas provide inspection and verification services for nine rigs, with the project coordinated out of Bureau Veritas’s Aberdeen base.

The client, a global drilling contractor, is also receiving streamlined data tracking and reporting from the project as a result of Bureau Veritas’s Compliance System. The cloud-based system has been developed by Bureau Veritas to gather clients’ disparate maintenance, inspection and verification data into one centralized hub, giving the client full detailed visibility at any time, in one view.

The built-in dashboards provide a fully interactive, real-time, health check of clients’ assets—with areas of concern highlighted in a transparent and justified way, and through the use of an intuitive user interface and customizable database queries, the user is easily able to scrutinize large amounts of data in a quick, targeted and renationalized manner.

Siccar Point Divests Interest In Greater Cambo Area To Shell

Siccar Point Energy inked a sale and purchase agreement with Shell U.K. Ltd., divesting its minority interest in the Greater Cambo Area.

Under the agreement Shell will acquire a 30% nonoperated working interest in U.K. Continental Shelf licenses P1028 and P1189 (incorporating the Cambo discovery) and a 22.5% nonoperated working interest in P1830 (including the Blackrock prospect), both located 125 km (77 miles) north-west of the Shetland Islands.

A final appraisal well is planned on the Cambo discovery in second-quarter 2018 and an exploration well is planned on the Blackrock prospect in 2019. Details of the consideration are not being disclosed, but the key elements are a cost carry contribution on both the wells and any subsequently approved development on Cambo.

Completion of the transaction remains subject to customary regulatory and partner consents.

—Staff & Reuters Reports