Monthly Archives: May 2012

SMU Report: Permitting delays & new regs stifling offshore drilling

Rig workers, like Robert Cornett, right, pause while mopping the decks on the Hercules 251. (Photo: Smiley N. Pool, Houston Chronicle)

by Jennifer A. Dlouhy

The offshore drilling industry is still rebounding from a five-month moratorium and new regulations after the 2010 Gulf oil spill, with consumers paying the price at the pump, according to a new report being released today.

The findings buck the conventional wisdom about a recent resurgence in offshore drilling that has caused a spike in demand for workers and a run on rigs to drill new wells.

Drilling contractors, including Diamond Offshore Drilling Inc., Noble Corp., and Rowan Cos., say they are seeing strong demand for their rigs. Energy analysts predict 10 more will float into the Gulf this year. And the number of active offshore rigs in the United States was higher at the end of April 2012 than the average total in 2009, the year before the spill (the economic decline had driven down demand that year).

But according to the new analysis, conducted by the Southern Methodist University Cox Maguire Energy Institute, high rig counts, the numbers of federal permits to drill new wells and other positive stats mask problems that could mean suppressed oil and gas production for years to come.

The study was commissioned by the Gulf Economic Survival Team, which has been lobbying for swifter permitting of offshore projects.

Read more: Fuel Fix » SMU Report: Permitting delays & new regs stifling offshore drilling.

America’s actual health and welfare crisis

EPA rules threaten our energy, economy, health, welfare, justice, and civil rights progress.

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May 30, 2012
by Paul Driessen

EPA Administrator Lisa Jackson says we face grave threats to human health, welfare and justice. She’s absolutely right. However, the dangers are not due to factory or power plant emissions, or supposed effects of “dangerous manmade global warming.”

They are the result of policies and regulations that her EPA is imposing in the name of preventing climate change and other hypothetical and exaggerated environmental problems. It is those government actions that are the gravest threat to Americans’ health, welfare, and pursuit of happiness and justice.

By hyper-regulating carbon dioxide, soot, mercury, “cross-state air pollution” from sources hundreds of miles away, and other air and water emissions, EPA intends to force numerous coal-fired power plants to shut down years before their productive life is over; sharply reduce emissions from cars, factories, refineries and other facilities, regardless of the costs; and block the construction of new coal-fired power plants, because none will be able to slash their carbon dioxide emissions to half of what average coal-fired plants now emit, without employing expensive (and nonexistent) CO2 capture and storage technologies.

EPA has also issued 588 pages of rules for hydraulic fracturing for critically needed oil and natural gas, while the Obama Administration has vetoed the Keystone XL pipeline and made 95% of all publicly owned (but government controlled) energy resources unavailable for leasing, exploration, drilling and mining.

These actions reflect President Obama’s campaign promises to “bankrupt any company that tries to build a new coal-fired power plant,” replace hydrocarbons with heavily subsidized solar, wind and biofuel energy, make energy prices “necessarily skyrocket,” advance rent-seeking crony-corporatism – and “fundamentally transform” America’s constitutional, legal, energy, economic and social structure.

Energy is the lifeblood of our nation’s economy, jobs, living standards and civil rights progress. Anything that affects energy availability, reliability and price affects every aspect of our lives. These federal diktats put bureaucrats and activists in charge of our entire economy – seriously impairing our health and welfare.

Moreover, the anti-hydrocarbon global warming “solutions” the Obama Administration is imposing will bring no real world benefits – even assuming carbon dioxide actually drives climate change. That’s largely because China, India and other developing countries are increasing their use of coal for electricity generation, and thus their CO2 emissions – far beyond our ability to reduce US emissions. These nations rightly refuse to sacrifice economic growth and poverty eradication on the altar of climate alarmism.

Even worse, the health, welfare and environmental justice benefits that EPA claims will result from its regulations are equally exaggerated and illusory. They exist only in the same dishonest computer-generated virtual reality that concocted its alleged climate change, health and environmental cataclysms, and in junk-science analyses that can best be described as borderline fraud.

Implementing EPA’s regulatory agenda will inflict severe economic dislocations and send shock waves through America’s factories, farmlands and families. Far from improving our health and welfare – they will make our economy, unemployment, living standards, health and welfare even worse.

EPA’s new automobile mileage standards alone will result in thousands of additional serious injuries and deaths every year, as cars are further downsized to meet its arbitrary 54.5 mpg requirements. Its anti-coal and anti-fracking rules will severely impact electricity generation, reliability and prices; factory, office and hospital operations and budgets; American industries’ competitiveness in global markets; employment, hiring and layoffs; and the well-being of families and entire communities. Especially for areas that depend on mining and manufacturing – and the 26 states where coal-based power generation keeps electricity rates at half of what they are in states with the least coal use and toughest renewable energy mandates (6-9 cents versus 13-17 cents per kilowatt hour) – it will be all pain, for no gain.

According to the Wall Street Journal, a White House letter to House Speaker John Boehner inadvertently acknowledged that EPA alone is still working on new regulations that the agency itself calculates will impose $105 billion in additional regulatory burdens and compliance costs. Win or lose in November, the Administration will likely impose these and other postponed rules after the elections. We, our children and grandchildren will pay for them in countless ways.

Utilities will have to spend $130 billion to retrofit or replace older coal-fired units, says energy analyst Roger Bezdek – and another $30 billion a year for operations, maintenance and extra fuel for energy-intensive scrubbers and other equipment, to generate increasingly expensive electricity.

Duke Energy’s new $3.3 billion coal gasification and “carbon dioxide capture” power plant will increase rates for its Indiana customers by some 15% the next two years. Hospitals, factories, shopping malls and school districts will have to pay an extra $150,000 a year in operating expenses for each million dollars in annual electricity bills. That’s four or five entry-level jobs that won’t be created or preserved.

Nationwide, 319 coal-fueled power plants totaling 42,895 megawatts (13% of the nation’s coal fleet and enough for 40 million homes and small businesses) are already slated to close, the Sierra Club joyfully proclaimed. Illinois families and businesses could pay 20% more for electricity by 2014, the Chicago Tribune reports. Chicago public schools may have to find an extra $2.7 million a year to keep the lights and heat on and computers running.

Higher electricity prices will further strain refineries already struggling with soaring electricity costs and EPA’s sulfur and other regulations, restrictions on refinery upgrades and construction, constraints on moving crude oil to East Coast refineries, and other compliance costs – all for dubious environmental or health benefits. Three East Coast refineries have already closed, costing thousands of jobs and causing the Department of Energy to warn that pump prices are likely to soar even higher in Eastern states.

When we include discouraged workers who have given up looking for jobs, and people who have been forced to work fewer hours or at temporary jobs, our unemployment rate is a whopping 19 percent – and double that for black and Hispanic young people. America’s labor force participation rate is at a 30-year low. Our nation’s 2011 economic growth rate was a dismal 1.7 percent.

Well over a million U.S. workers age 55 and older have now been out of work for 27 weeks or more. Not only do prospects plummet for re-employment of older workers. The longer they are unemployed, the more they are disconnected from society, the further their living standards fall, the more their physical and emotional well-being deteriorates, and the more likely they are to die prematurely.

The cumulative effect is that families have even less money to buy food, pay the rent or mortgage, repair the car or house, save for college and retirement, take a vacation – and keep people comfortable (and alive) on frigid winter nights and sweltering summer afternoons. Workers lose jobs. Health and welfare, family relationships, future prospects and psychological well-being plummet. Because they spend the highest proportion of their incomes on energy, poor and minority families suffer disproportionately.

And yet the EPA and White House regulatory agenda, regulatory onslaught and horse-blinder definition of health, welfare and justice ignore these realities – and ensure that this unconscionable situation will only get worse. In fact, the only welfare EPA’s rules will ensure is the expansion of our welfare rolls, unemployment lines and already record-setting food stamp programs.

EPA is also giving billions of taxpayer dollars to activist groups, to advance its agenda and dominate our media and hearings with false or misleading information about the costs and benefits of its programs.

Worst of all, our Congress and courts have completely abdicated their obligations to provide oversight and control of this dictatorial agency and Obama Administration. If this is the hope, change and future we can look “forward” to, our nation’s health, well-being and justice will be rolled backward.

Paul Driessen

Paul Driessen is senior policy adviser for the Committee For A Constructive Tomorrow (CFACT), which is sponsoring the All Pain No Gain petition against global-warming hype. He also is a senior policy adviser to the Congress of Racial Equality and author of Eco-Imperialism: Green Power – Black Death.

Recap: Worldwide Field Development News (May 18 – May 24, 2012)

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This week the SubseaIQ team added 5 new projects and updated 33 projects. You can see all the updates made over any time period via the Project Update History search. The latest offshore field develoment news and activities are listed below for your convenience.

N. America – Mexico
McDermott to Build, Install Ayatsil Platform
May 23, 2012 – McDermott International has received a contract for the new Ayatsil-B drilling platform for PEMEX in the Bay of Campeche Ayatsil field. McDermott will undertake the engineering, procurement, fabrication, pre-commissioning, load-out and sea fastening of the Ayatsil-B eight-leg jacket and deck, weighing about 11,650 tonnes for installation in waters 377 feet (115 meters) deep. McDermott will also carry out transportation and installation analysis of the structures, and will conduct training for Pemex personnel for the facility operation and maintenance. At peak, more than 500 personnel will be engaged on the project. Completion is expected during the third quarter of 2013.
Project Details: Ayatsil
Africa – Other
Anadarko Finds Major Gas Accumulation in Rovuma Basin
May 22, 2012 – Anadarko Petroleum has discovered a major natural gas accumulation in the Golfinho exploration well offshore Area 1 of the Rovuma Basin. The Golfinho discovery well encountered more than 193 net feet (59 net meters) of natural gas pay in two high-quality Oligocene fan systems that are age-equivalent to, but geologically distinct from, the previous discoveries in the Prosperidade complex. “The Golfinho discovery, which is entirely contained within the Offshore Area 1 block, adds an estimated 7 to 20-plus Tcf of incremental recoverable resources over a significant areal extent. This new discovery is only 10 miles offshore, providing potential cost advantages for future development options,” stated Anadarko. The Golfinho exploration well was drilled to a total depth of approximately 14,885 feet (4,537 meters), in water depths of approximately 3,370 feet (1,027 meters). Once operations are complete at Golfinho, the partnership plans to mobilize the Belford Dolphin (UDW drillship) to drill the Atum-1 exploration well.
Project Details: Golfinho (Anadarko)
Australia
AWE Identifies Potential Prospects in Tui Area
May 23, 2012 – Pan Pacific Petroleum, a partner on the Tui field, reported that the joint venture has further progressed evaluation of the Tui Area upside and has identified two potential development infill opportunities and two prospects, which are currently being further matured to enable the JV to decide on possible drilling plans. Subject to approval and rig availability, drilling is planned for 4Q 2012 – 1Q 2013.
Project Details: Tui
Oilex Plans to Drill Bazertete, Tutuala Prospects by Year-End
May 23, 2012 – Oilex has finalized evaluation of the Bazartete and Tutuala prospects which have both emerged as attractive drilling candidates, according to the company. The Bazartete prospect has been selected by the Joint Venture participants as the third commitment well based on an assessment of a higher chance of success than Tutuala and proximity to potential oil charge modeled from the southern part of the contract area based on offset well calibration. Oilex estimates mean recoverable resources for Bazartete (within JPDA06-103) of 65 MMbbls with an upside of 164 MMbbls. Subject to rig availability, drilling is targeted for 3Q 2012.
Project Details: Tutuala
Africa – West
Chariot Secures Rig to Drill Nimrod Prospect
May 21, 2012 – Chariot Oil & Gas Limited and partners have reached an agreement with Ocean Rig UDW to use the Ocean Rig Poseidon (UDW drillship) to drill the Kabelijou (2714/6-1) well at the Nimrod prospect. The Poseidon, which is currently on a long-term contract with the operator, is anticipated to arrive on location in July 2012. Drilling operations will commence shortly thereafter. The Nimrod prospect is located in the Orange Basin in Southern Block 2714A where Chariot has a 25 percent equity interest. The Kabeljou well is expected to take approximately two months to drill. The drilling location is 48 miles (77 kilometers) offshore Namibia in 1,181 feet (360 meters) of water with an estimated total drilling depth of 10,171 feet (3,100 meters).
Project Details: Nimrod
Asia – SouthEast
AWE Ready to Spin Bit at Atlas Prospect
May 23, 2012 – AWE reported it is ready to start drilling the Atlas-1 well in May 2012. The prospect is targeting a large gas opportunity in East Java Basin, and if successful, will provide ongoing prospects for further exploration.
Project Details: Atlas
Premier Reviewing Commercial Potential of CRD Discovery
May 23, 2012 – Premier has completed an extensive assessment of exploration opportunities remaining in Block 07/03 and of the commercial potential of the CRD oil and gas/condensate discovery, including whether additional appraisal drilling is required. The JV participants are considering future drilling plans based on the results of this work. At least one exploration well is required to be drilled as a commitment well prior to the end of November 2013.
Project Details: Ca Rong Do (CRD)
Premier Oil Moves Forward with Dua Development
May 21, 2012 – Premier Oil announced that the Dua project, a tie-in to the Chim Sao field, was formally sanctioned by Premier and Santos in April. It is expected that the necessary Vietnamese government approvals will be received during the second quarter of 2012. In the meantime, bids for FPSO modifications and the drilling rig have been received and are being evaluated. Premier continues to target 2014 for first oil.
Project Details: Chim Sao
Otto Energy Updates Galoc Oil Reserves
May 21, 2012 – Otto Energy provided an update on remaining oil reserves balances at the Galoc oil field in the Philippines, performed by independent consulting firm RISC. The company confirmed the reported increase in reserves is attributable to better than expected reservoir performance to date and an extension of field life due to higher prevailing oil prices. Galoc is expected to remain in production until 2016 to 2018 on the basis of the existing two wells alone. Otto Energy estimates Contingent Resources of 1.49 MMboe (Otto share) at 2C level attributable to the Galoc Phase II development, currently progressing through Front End Engineering and Design, with a target Final Investment Decision around mid-2012.
Project Details: Galoc
Black Sea
Sterling Resources to Drill in Black Sea
May 24, 2012 – Sterling Resources and partners intend to drill two offshore prospects in the Romanian sector of the Black Sea by year-end. The first of the two wells to be drilled will be the Ioana prospect, located in the gas-prone Midia Block, directly northeast of the Ana and Doina discoveries. Following drilling of the Ioana well, the jackup will be relocated to the Eugenia prospect in the Pelican Block.
Project Details: Ioana
Asia – Far East
CNOOC Finds Oil in Liaodong Bay
May 24, 2012 – CNOOC Limited has made a discovery in the Luda (LD) 21-2 prospect in the Bohai Bay. LD 21-2 is located in the inverted structure belt of LD 22-27 in south Liaodong Bay, with its south part adjacent to the LD 27-2 oilfield. The average water depth is 66 feet (20 meters). The discovery well of LD 21-2-1D was drilled and completed at a depth of 9,288 feet (2,831 meters) and encountered oil pay zones with a total thickness of about 558 feet (170 meters), representing the thickest oil layers found in the exploration of Bohai clastic rocks in recent years. Currently, oil production at the Luda well tested at around 608 barrels per day.
S. America – Other & Carib.
Repsol Drills Duster at Jaguey Prospect
May 21, 2012 – Repsol failed to hit pay at the Jaguey prospect offshore Cuba and will begin operations to plug and abandon the well.
Project Details: Jaguey
S. America – Brazil
Respol Gears Up Appraisal Plans for BM-C-33 Block
May 24, 2012 – Repsol Sinopec Brazil reported that Block BM-C-33, in the deepwater Campos Basin, contains resources of more than 700 million barrels of light oil and 3 trillion cubic feet of gas. The partners are working on an appraisal plan for the area, which contains the recently discovered Seat, Gavea and Pao de Acucar fields. The latter is reportedly one of the world’s top five discoveries in 2012. The latest well, Pao de Acucar, was drilled in approximately 9,186 feet (2,800 meters) of water and 121 miles (195 kilometers) from the coast of Rio de Janeiro, and found a 1,640 foot-thick (500 meter-thick) oil column. The consortium is preparing to submit an appraisal plan for submission to ANP.
Project Details: Pao de Acucar
Wartsila Hamworthy to Deliver Inert Gas Generator Units for Tupi, Guara FPSOs
May 21, 2012 – Wartsila Hamworthy will deliver inert gas generator units to eight FPSOs in the Santos Basin. Six of the units will be deployed for the Tupi fields with the other two being utilized for the Guara field. The first two units will undergo full scale testing at the factory in Moss prior to delivery, starting as soon as the end of December this year and up to the end of January 2015. Each of the units will be installed on the utility module on the FPSO inside a dedicated compartment. The eight FPSOs are currently under construction in Brazil.
Project Details: Lula (Tupi)
Europe – North Sea
Barryroe Proves Production Potential
May 24, 2012 – Providence Resources reported that it is “dealing with a high productivity oil system” at its Barryroe discovery, offshore Ireland in the North Celtic Sea. Providence said that well test analysis at Barryroe indicates a high-permeability basal oil-bearing reservoir interval, while the firm expects horizontal development wells to deliver “significant production rates”. Data acquired by Schlumberger during well-testing operations of the 48/24-10z Barryroe well was analyzed to find an average permeability of around 400 millidarcies, confirming high permeability. The analysis forecasts that a 1000-foot (305-meter) horizontal well could deliver around 12,500 barrels of oil per day and 11 million standard cubic feet of gas per day through a standard 4.5-ince outer diameter production tubing under natural lift.
Project Details: Barryroe
Faroe Spuds Clapton
May 24, 2012 – Faroe Petroleum has commenced drilling at the Clapton prospect in the Norwegian sector of the North Sea. Clapton is a chalk prospect on the flanks of the salt induced Mode Dome. The well will target the Ekofisk, Tor and Hod formations, which are the main producing reservoirs in the neighboring fields. The well is being drilled using the Maersk Guardian (350′ ILC) jackup.
Project Details: Clapton
Total to Appraise Norvarg in 2013
May 24, 2012 – Total is preparing for an appraisal well on the Norvarg discovery for 2013. Total currently carries a resource estimate in excess of 200 million barrels of oil equivalent (mmboe). However, the resource range is wide and the need for appraisal apparent, stated the company.
Project Details: Norvarg
MPX Halts Timon Drilling Ops
May 24, 2012 – The WilHunter (UDW semisub), which is drilling the Timon exploration well in the UK sector of the North Sea, has incurred technical downtime due to equipment failure. Therefore, operations at the Timon well have been temporarily suspended and the current estimated length of downtime is roughly 18 days. A further update will be released once the semisub is able to recommence normal operations, which is expected to be in early June 2012.
Project Details: Timon
Wintershall Succesfully Appraises Maria
May 22, 2012 – Wintershall has successfully appraised the Maria well (6407/1-5 S) in the Norwegian sector of the North Sea. The purpose of the appraisal well was to delineate the Maria discovery and prove hydrocarbons in the northern extent of the structure. “Our preliminary calculations do not only confirm our original resource estimates, but support the upper end of our discovery volumes”, said Bernd Schrimpf, Managing Director of Wintershall Norge. The original Maria discovery has been estimated to contain between 60 and 120 million barrels of recoverable oil and between 2 and 5 billion standard cubic meters (sm3) of recoverable gas.
Project Details: Maria
Development Progresses at EnQuest’s Alma/Galia Project
May 21, 2012 – EnQuest reported that development of the Alma/Galia project is continuing on schedule for start-up in 4Q 2013. Batch drilling of the first three wells continues; the first of these wells is in the reservoir and on prognosis.
BG Group Updates Ops at Bream
May 21, 2012 – BG Group reported that the conceptual design of the Bream project was formally agreed among the JV partners in March and the operator has signed a FEED agreement. An invitation to tender to drill the development wells has also been issued and the JV partners anticipate achieving formal project sanction in the second half of 2012.
Project Details: Bream
Emerson to Deliver Subsea Instrumentation for Brynhild Development
May 21, 2012 – Emerson will deliver its Roxar subsea instrumentation for the Brynhild field in the North Sea. The contract was awarded by Aker Solutions and covers Roxar subsea multiphase meters, subsea Sencorr pressure and temperature sensors, subsea chemical injection valves, and sand monitors. Aker Solutions will use the instrumentation as part of the rolling out of a complete subsea production system on Brynhild, with Emerson also delivering a number of downhole pressure and temperature gauges directly to Lundin Petroleum. The Brynhild field, which is currently under development, is forecasted to produce first oil in late 2013 at a gross plateau production of 12,000 bopd.
Project Details: Brynhild (Nemo)
Premier Oil Continues with Concept Engineering, Evaluation Design on Catcher
May 21, 2012 – Premier Oil reported that concept engineering and evaluation by the JV partners of the Catcher development continues to progress. It is expected that an agreement on the conceptual design of the development will be reached in the third quarter. The operator continues to target a final investment decision around year-end and first oil in 2015.
Project Details: Catcher
Total Confirms Well Intervention at Elgin Complex
May 21, 2012 – Total has confirmed the success of the G4 well intervention at the Elgin complex. To regain control of the well, heavy mud was pumped into the G4 well from the West Phoenix (UDW semisub). The leak was stopped, stated the company. Following the success of the well intervention, the next phase will be to re-man the Elgin complex and restart the Rowan Viking (430′ ILC) drilling rig in order to set cement plugs in the G4 well. This phase, aiming at completing the plugging and permanent abandonment procedure of the G4 well, will take several weeks. Once the first cement plug is set in the G4 well by the Rowan Viking, the drilling of the ongoing relief well with the Sedco 714 (mid-water semisub) will be stopped. In consultation with the appropriate authorities, it has been decided that drilling a second relief well by the Rowan Gorilla V (400′ ILC) jackup is no longer necessary and has therefore been cancelled.
Project Details: Elgin/Franklin
E.ON to Bring Huntington Online by Year-End
May 21, 2012 – E.ON reported that progress has been made offshore on the Huntington field in the UK sector of the North Sea. The production wells drilled to date have exceeded expectations and development drilling is expected to be completed in July. The infill pipeline is now being laid and a two month installation FPSO window, commencing on September 1, has been secured. Previously announced delays to the upgrade of the FPSO have been addressed by increasing the manpower in the yard. The operator continues to forecast fourth quarter for first oil with an expected plateau production rate of 25,000 bopd.
Project Details: Huntington
N. America – US GOM
Anadarko Fails to Hit Pay in Spartacus
May 24, 2012 – Anadarko has failed to hit commercial pay in the Spartacus oil and gas prospect in the Gulf of Mexico. The well was targeting subsalt layers in the vicinity of Anadarko’s Lucius project, which is currently under development.
Project Details: Spartacus
Shell Begins Development Drilling at Cardamom
May 22, 2012 – Shell has begun development drilling at its Cardamom field in Garden Banks Block 427 using the Noble Jim Thompson (DW semisub). The rig will drill two wells, with each well taking about 90 days. Both wells will be tied-back to the Auger TLP. Shell’s DOCD for Cardamom includes drilling four development wells and permits for all wells have been approved.
Project Details: Auger
Repsol to Drill Leon Prospect in 2012
May 22, 2012 – Repsol reported it has received a drilling permit for its Leon prospect in Keathley Canyon Block 686 in the Gulf of Mexico. Drilling is scheduled to take 140 days. It is reported that the Noble Jim Day (UDW semisub) will drill the well. Leon is a subsalt prospect with a proposed total depth of just over 31,500 feet (9,601 meters) and is located in approximately 6,200 feet (1,890 meters) of water.
Project Details: Leon

PHOTOS: Express installing subsea manifolds « Helix Currents

Photos courtesy of Helix Subsea Construction Field Engineers Robert Bailey & Matt Gonzales.

Taken on board Helix ESG’s pipelay vessel, Express, these photos show two Pipeline End Terminal manifolds (PLETS) as they are hoisted off an adjacent supply boat and lowered down to the seabed.

A PLET is used on one, or both ends of pipelines to provide connection point from the pipeline to existing subsea structures in place.  The existing structure may be a subsea tree, another PLET or a manifold and are connected by a jumper.  The PLETs and other subsea structures have upward looking connectors while the jumpers have downward looking connectors.  This configuration allows the jumpers to be installed using Remotely Operated Vehicles (ROVs).

Helix Subsea Construction, a business unit of Helix ESG, is installing this PLET as part of the overall scope of Subsea Umbilical, Riser and Flowline (SURF) work for Noble Energy at the Noa Field, offshore Israel. The field is in approximately 2,556ft of water (779m) and is being developed for natural gas.

Source: PHOTOS: Express installing subsea manifolds « Helix Currents.

Fincantieri, NLI to Offer New Solutions to Offshore Industry (Norway)

Fincantieri, NLI to Offer New Solutions to Offshore Industry (Norway)| Offshore Energy Today

The shipbuilding giant Fincantieri Cantieri Navali Italiani S.p.A. and NLI, a Norwegian total supplier to oil & gas business, announce today the signing of a collaboration agreement, supporting the aim to penetrating the Mobile Drilling Units construction market.

This agreement includes the development of an innovative high quality drilling tower.  For NLI the partnership is a milestone. In 1974 they delivered the first derrick to the Norwegian offshore industry. Most recently they have developed a drill tower solution new to the global market. With this Italian-Norwegian partnership NLI sees a great opportunity to reach out with their innovative solutions.

From now on the parties will include each other when approaching the market and present their projects to the various contractors and operators / oil companies.

The agreement follows the recent creation of the new Fincantieri Offshore Business Unit, dedicated to the commercialization and production of high valued offshore vessels such as Drill ships, Semisubmersibles Drilling Rigs, Pipe Layers, Construction Vessels and Non Standard Supply Vessels.

The Fincantieri Offshore value proposition is based on the offer of new generation turn-key vessels, tailor made to meet specific client requirements.

Mr. Sigve Barvik, Marketing Director of NLI commented: “We now have a yard, with financial power and world class know-how, which is prepared to support the potential of our drilling tower. Fincantieri’s European deep-water drilling initiative is unique and will allow to fully develop a drilling tower with superior performance, efficiency, eco friendliness, and safety for the personnel”.

Commenting on the agreement, Mr. Giuseppe Coronella, EVP Fincantieri Offshore Business Unit said: ”We are very motivated to start this joint development process with a company delivering quality drilling and topsides engineering solutions. this will strengthen the capability of the established Fincantieri’s drilling supply chain, the “Polo Offshore”.

Read more about NLI’s innovative “Northern Light” derrick.

Source: Fincantieri, NLI to Offer New Solutions to Offshore Industry (Norway)| Offshore Energy Today.

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