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Solstad, Ocean Installer Order Subsea Construction Vessel from STX OSV (Norway)

STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels,  has received an order for the design and construction of a large, advanced Offshore Subsea Construction Vessel (OSCV) for Ocean Installer and Solstad Offshore.

The contract value amounts to approximately NOK 1.4 billion. Ocean Installer and Solstad will have joint ownership of the vessel, which is to be operated by Ocean Installer. The vessel is scheduled for delivery from STX OSV in Norway in 2Q  2014. The hull will be delivered from STX OSV in Romania. The contract is subject to board approval by the Norwegian Guarantee Institute for Export Credits (GIEK), expected to be received on or around 20 June 2012.

The vessel, of type OSCV 06L, has been designed by STX OSV and Solstad in close cooperation with Ocean Installer, and is highly advanced in terms of station keeping, efficiency and operational performance. The vessel is designed to operate efficiently under demanding conditions and is well fitted for SURF (Subsea,Umbilicals, Risers, Flowlines) operations.

The vessel is 156.7 meters long, 27 meters wide and has an aft cargo deck area of 2,100 m2. She will be equipped with a 150 t Vertical Lay System (VLS) and a 3,000 t below deck carousel, Remotely Operated Vehicles (ROVs) in hangars launched through moonpools, and two AHC offshore cranes (400 t and 100 t) which both can operate down to depths of 3,000 meters. The accommodation facilities will have a capacity of 140 persons. The vessel is designed according to the latest environmental standards with focus on low fuel consumption.

Steinar Riise, CEO of Ocean Installer said: “We are very satisfied with placing the contract for this new-build, and are looking forward to developing our operations with this vessel, which is built for heavy construction work, and is highly advanced when it comes to station keeping, efficiency and operational performance. This investment is in line with our growth strategy, as the vessel is capable of conducting the full range of subsea construction operations in the global market. Moreover, this joint venture consolidates the strategic cooperation between Solstad and Ocean Installer”

Ocean Installer is a Norwegian subsea entrepreneur headquartered in Stavanger,Norway. Ocean Installer holds strong EPCI expertise within the SURF (Subsea, Umbilicals, Risers, Flowlines) segment and is rapidly expanding its operations andorganization within and beyond the North Sea basin. Solstad Offshore ASA is among the largest shipping companies in Norway, providing advanced vessels and extensive maritime competence for operations related to the offshore petroleum industry. The company has about 1,600 employees, and operates 50 vessels all over the world. Solstad Offshore is headquartered in Skudeneshavn, Norway and has branch offices in Brazil, Singapore, United Kingdom and Australia

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Shell Orders Subsea Connection Systems from Aker Solutions (Norway)

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Aker Solutions has been awarded a contract by A/S Norske Shell, to deliver subsea connection systems for the Draugen field on the Norwegian continental shelf. Contract value is approximately NOK 105 million.

Scope of work includes the delivery of complete tie-in connection systems for production flowlines and umbilicals for the expansion of the Draugen field.

“Aker Solutions has supplied connection systems for the subsea installations on the Draugen field since 2002. We are pleased that we can continue to assist A/S Norske Shell to expand the field and increase the production with our solutions,” says Alan Brunnen, executive vice president of Aker Solutions’ subsea business area.

Management, engineering and procurement of the connection systems will be performed at Aker Solutions’ head office in Fornebu, Norway. Equipment deliveries will be made from 2012 to 2013.

The Draugen field is located in block 6407/9 in the Haltenbanken area of the Norwegian Sea, which is situated about 140 kilometres from Kristiansund, Norway, at a sea depth of 250 metres.

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STX OSV Adds to their Backlog, DOF ASA Sends Newbuild Order for Subsea Construction Vessel

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In their second contract announcement so far today, Norway-based STX OSV adds to their offshore vessel newbuild orderbook with a NOK 650 million contract for the design and construction of an Offshore Subsea Construction Vessel (“OSCV”) for Norway-based offshore vessel owner, DOF ASA.

The vessel is of OSCV 11 design, developed by STX OSV in Ålesund, Norway. It will be designed with the new innovative moon pool concept from STX OSV.

STX OSV Design has together with Marintek and DOF Management just completed an extensive research program supported by the Norwegian Research Council, focusing on safe design and operation of moon pools. The results of the three years’ R&D program have been incorporated into the new moon pool design for the OSCV.  Compared to vessels with conventional moon pool design, the vessel can operate in a wider range of weather conditions in a safer manner for the vessel’s crew and equipment.

The overall length of the vessel will be approximately 121 meters with a beam of 22 meters. It will be equipped with one 250 ton offshore crane and two ROV systems. The vessel will have accommodation for 100 persons.

Delivery is scheduled from STX OSV Søviknes in Norway in 2Q 2013. The hull of the vessel will be delivered from STX OSV Tulcea in Romania.

DOF was founded in 1981 and is today an international group of companies which owns and operates a modern fleet of offshore / subsea vessels. The DOF group’s diversified fleet consists of innovative vessels specialized for different operational purposes; Platform Supply Vessels (PSV), Anchor Handling Tug Supply Vessels (AHTS) and Construction Support /Subsea ROV Vessels (CSV).

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Norway: Statoil Steps Up Technology Efforts to Increase Production

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Norway’s Statoil has singled out four business critical technologies as key to achieving the company’s growth ambitions. Statoil is boosting its R&D investments by 27% and starting to plan Norway’s biggest centre for IOR technology.

In the period up to 2020 Statoil will maintain a high level of production on the Norwegian continental shelf while doubling its international production.

“The oil and gas industry is facing new technological challenges that differ from those we have dealt with so far. We will find the resources of the future at great oceanic depths, in arctic areas where the conditions are extreme, and in new resources such as shale gas and shale oil for example. Statoil is well positioned to lead the continuing development of the oil and gas industry,” says Margareth Øvrum, executive vice president for Technology, Projects and Drilling.

Statoil is now stepping up its technology efforts in order to boost production, reduce energy consumption and support the company’s growth ambitions. Specifically this will mean tougher technology priorities, closer cooperation and the swifter implementation of technology.

Statoil’s new technology strategy builds on the company’s ambitions to boost production from 1.9 million barrels of oil equivalents per day in 2010 to 2.5 million boed in 2020.

The four prioritised technology areas are:

  • Seismic imaging and interpretation – will contribute to making further discoveries and boost the recovery rate by 2020.
  • Reservoir characterisation and recovery – to maximise value. Will contribute to the production a further 1.5 billion boed in reserves by 2020.
  • Efficient well construction – to drill more cost-efficient wells: 30% shorter time on well construction and 15% cost reduction by 2020.
  • Realise subsea compression by 2015 and complete a “subsea factory” by 2020 – to accelerate and boost production.

“We have identified four commercially critical technology areas where Statoil has a competitive advantage and where we have a long history of making the impossible possible. We have set ambitious targets for how technology will help us make further discoveries, boost recovery from existing fields, reduce costs and bring about operational improvements in health, environment and safety,” says Øvrum.

Statoil is increasing its concentration in R&D and IOR (Improved Oil Recovery).

“For 2012 we are increasing our R&D investments by 27% to NOK 2.8 billion. We are also planning for a further increase in our R&D activities going forward. In addition, we have specific plans to expand our R&D Centre at Rotvoll in Trondheim to provide room for Norway’s biggest IOR Centre,” says Øvrum.

“Our technology advances would not have been possible without the solutions developed by an innovative and dynamic supplier industry, as well as by universities and research institutes. In order to succeed in our four prioritised technology areas we require new solutions and closer cooperation with our suppliers, national and international research milieus, and other partners.”

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