Exclusives

Optime Subsea, Subsea Valley Conference

The company’s subsea control and installation light system does not require a hydraulic umbilical from the support vessel, reducing both the cost and complexity of the topside structure.

Eelume, robot, subsea, snake, ROV, AUV, oil, inspection

The next version of the robot will be capable of diving down to 500 m (1,640 ft), proving the concept of the technology’s self-propelled robotic arms in performing inspection, maintenance and repair jobs.

Petrobras, Total, deal, Iapa, Lara, Santos Basin, presalt, oil, gas, Perdido

The agreement gives Total stakes in the Iara and Lapa fields and gives Petrobras an option to acquire interest in the Perdido Belt area in the Gulf of Mexico.

CGG and the wider industry need to reinvent the way they work with customers, taking a more partnership-style approach, the CEO Jean-Georges Malcor said.

While many upstream companies have pulled back from conventional offshore exploration and development activity, Eni has stuck to what it knows best, according to the company’s chief exploration officer.

Deepwater International

Norway’s Polarcus has been hired to conduct a 3-D marine seismic survey offshore Egypt.

Various subsea equipment will be delivered throughout 2015 and 2016.

GE Oil & Gas has invested more than $20.5 million across its subsea manufacturing facilities in Montrose, Scotland, in a move to enhance its business’s test and assembly and manufacturing capabilities.

Ceona has successfully installed a 570-mt multiple pipelay vertical lay system (VLS) and twin 400-mt cranes onto its next-generation flagship asset, the Ceona Amazon.

Kosmos Energy is taking a fresh look at a handful of new and existing exploration prospects in frontier waters offshore Ireland, according to partner Europa Oil & Gas.

Exploration

SNC-Lavalin Group is expanding its global consulting, design and project management capabilities with the takeover of U.K.-based WS Atkins.

Empyrean Energy Plc entered a sale and purchase agreement (SPA) to conditionally acquire a shareholding of up to 20% in West Natuna Exploration Ltd. (WNEL) from Conrad Petroleum Pte Ltd., the owner of WNEL that holds full participating interest in the Duyung PSC, which includes the Mako shallow gas discovery offshore Indonesia, according to an April 4 press release.

Total had agreed on an option to farm into Egdon's PEDL209 exploration license in Lincolnshire by Dec. 31, 2018, which would earn it a 36% interest. Total's previous option on the license had lapsed.

Repsol will become the operator of the Ioannina and Aitoloakarnania blocks and plans to acquire seismic surveys over the areas in the 2017-2019 period.

Reinertsen is the third-largest maintenance and modifications supplier offshore Norway. The company's order backlog contains key maintenance and modifications contracts with Statoil.

Production

The oil center is located in the Val d’Agri oil concession area which produces around 75,000 barrels of oil per day. It is 61% owned by Eni while the remaining stake is held by Royal Dutch Shell.

Michael Reimer Mortensen, vice president and head of global sales at Maersk Drilling, said the company has secured three new contracts in the past four months.

Maersk Oil CEO Gretchen Watkins said first oil at Flyndre represents new production for both the U.K. and Norway, Reuters reported.

Pending oil ministry formal approval, Njord ownership will be Statoil (operator) with 20%; Engie E&P Norge AS with 20%; DEA Norge AS with 50%; Faroe Petroleum with 7.5%; and VNG Norge AS with 2.5%, Reuters reported.

The subsea facilities include wells and a subsea template, a pipeline to Sleipner A, and an umbilical for controlling and monitoring of wells.

Subsea Engineering

Economic development agency Scottish Enterprise is making a push to keep Scotland at the top of the global subsea market, despite the challenges offered by competition from other regions around the world and the harsh realities of the severe industry downturn.

After meeting in August, Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin hope to remove some barriers preventing the development of a number of joint projects, especially the planned Turkish Stream gas pipeline under the Black Sea. 

The Norwegian Petroleum Directorate is facilitating a competition in hopes of strengthening its technological expertise and capacity.

Subsea technology provider Forum Energy Technologies (UK) Ltd. has unveiled a deepwater test facility and received industry accreditation for the calibration laboratory at its new European Operational Centre in Aberdeen. 

The Irish government has offered 14 new licensing options in the Irish offshore following the conclusion of the 2015 Atlantic Margin Licensing Round.

Technology

The world’s No.1 oilfield services provider said revenue rose 5.7% to $6.89 billion in the quarter ended March 31, but its cost of revenue increased 11.3% to $6.08 billion.

The valve is an ultra-HP/HT version of Interventek’s Revolution safety valve for in-riser landing string systems.

The Leeuwaarden-Arnhem Appeals Court directed them to open an investigation, saying they had not looked carefully enough at whether a crime could be proved.

The contract covers onshore, offshore, subsea, drilling, greenfield and brownfield upstream engineering services in Alaska, Angola, Azerbaijan, Egypt, Gulf of Mexico, Indonesia, Oman, Trinidad and the United Kingdom.

The scope is for a range of fixed facilities from small wellhead platforms to complete oil and gas field centers. The contract covers work in all project phases and includes early-phase studies, FEED, detail engineering and follow-on engineering, the release said.