Daily Archives: June 1, 2012

USA: ATP Resumes Recompletion Works at Telemark Hub

ATP Oil & Gas Corporation today announced that it has resumed recompletion operations at the Mississippi Canyon (MC) 941 A-2 well at the company’s Telemark Hub. The recompletion was suspended while the company recovered a piece of tubing that was stuck in the casing.

All of the tubing has now been removed from the casing. The MC 941 A-2 recompletion operations to perforate and frac-pack the B upper and lower sands are expected to conclude during second quarter 2012. MC 941 is located in the Mirage Field at the Telemark Hub location utilizing the ATP Titan floating drilling and production platform.

ATP operates the ATP Titan and Telemark Hub which is in approximately 4,000 feet of water with a 100% working interest and holds a 100% ownership in ATP Titan LLC which owns the ATP Titan and associated pipelines and infrastructure.

ATP Oil & Gas is an international offshore oil and gas development and production company with operations in the Gulf of Mexico, Mediterranean Sea and the North Sea. The company trades publicly as ATPG on the NASDAQ Global Select Market. For more information about ATP Oil & Gas Corporation.

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USA: Schlumberger, NOV Complete Wilson Transaction

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Schlumberger Limited has completed the sale of its Wilson distribution business to National Oil well Varco, Inc.

Terms of the all-cash transaction, which remains subject to customary closing conditions, including regulatory approval, were not disclosed.

Founded in 1921, Wilson is a leading distributor of pipe, valves and fittings as well as mill, tool and safety products and services to the international energy business and to other industrial customers. The company manages a distribution business of approximately 200 sales and operations locations across the United States with a growing presence in other key international geographies. Wilson employs approximately 2,500 employees as a standalone Schlumberger business unit.

National Oilwell Varco is a worldwide leader in the design, manufacture and sale of equipment and components used in oil and gas drilling and production operations, the provision of oilfield services, and supply chain integration services to the upstream oil and gas industry.

Additionally, Schlumberger has committed to divest the remaining portion of its distribution business by agreeing to support NOV’s previously announced proposed acquisition of all outstanding shares of CE Franklin Ltd.  for CAD$12.75 in cash per share. Schlumberger owns 9,729,582 common shares of CE Franklin, or approximately 56% of CE Franklin’s outstanding common shares.

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Canada: ExxonMobil Gets Approval for Hebron Field Development

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has approved ExxonMobil’s Hebron Development Application.

The approval of the Development Plan now enables ExxonMobil Canada Properties Limited to proceed with development of the Hebron Field, which is estimated to contain 707 million barrels of of recoverable resources..

Hebron is a heavy oil field estimated to have 400 – 700 million barrels  The field was first discovered in 1981, and is located offshore Newfoundland and Labrador in the Jeanne d’Arc Basin 350 kilometres southeast of St. John’s, the capital of Newfoundland and Labrador. It is approximately 9 kilometres north of the Terra Nova project, 32 kilometres southeast of the Hibernia project, and 46 kilometres from the White Rose project. The water depth at Hebron is approximately 92 metres.

The Hebron field will be developed using a stand-alone concrete gravity based structure (GBS). The GBS will consist of a reinforced concrete structure designed to withstand sea ice, icebergs, and meteorological and oceanographic conditions at the offshore Hebron Project Area. The preliminary GBS concept has a single main shaft supporting the topsides, encompassing all wells.

The Hebron co-venturers are: ExxonMobil Canada Properties (36%), Chevron Canada Resources (26.7%), Suncor Energy Inc. (22.7%), Statoil Canada (9.7%) and Nalcor Energy (4.9%).

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GC Rieber Shipping Orders Subsea Vessel from Ulstein (Norway)

GC Rieber Shipping has today ordered a new high capacity subsea vessel from Ulstein Verft with an option of one additional vessel. The new building, to be delivered in the first quarter of 2014, represents a total investment of approximately NOK 800 million.

“The market for this type of vessel is expected to be attractive going forward. This investment is consistent with our strategy to strengthen our position in the high end subsea segment. We have an attractive and flexible ship design with interesting potential also in the SURF market as well as a favorable delivery date,” says CEO Irene W. Basili in GC Rieber Shipping.

GC Rieber Shipping concluded 2011 with a fully booked fleet and significantly improved operational performance. The company expects a strong demand within advanced subsea operations in the coming years, which has been the basis for making this investment now.

The vessel is a construction support vessel “CSV” designed to operate in harsh and deep waters with length of 130m and beam of 25m. It is built to the highest standard for dynamic positioning DP-3 and equipped with a 250t AHC offshore crane. Furthermore, the ship is designed to operate in the SURF market, with capacity for pipe loads below deck and on main deck, and a vertical pipe lay system above the moon pool.

The vessel will carry two ROVs; one is to be launched from the starboard side and the other through a moonpool. The ship has a large cargo deck for OCV work. She will have diesel electric propulsion and three main azimuth thrusters. The vessel can accommodate 130 persons and will be constructed in accordance with the latest international environmental regulations.

Basili looks forward to a positive partnership with Ulstein Verft. “GC Rieber Shipping has over many years developed considerable competence in the design of specialized vessels, and the constructive cooperation we have experienced with Ulstein to accommodate for our requirements , has been important. GC Rieber Shipping positions itself in the more challenging niches of the offshore market, and I am very comfortable that we will receive a top-class vessel from Ulstein,” says Basili.

”GC Rieber Shipping is a solid and experienced shipowner, and we are pleased that they have chosen ULSTEIN for this project. Subsea is one of our focus areas, and we will deliver a state-of-the-art offshore construction vessel (OCV) that will serve the shipowner well in the years to come,” states Gunvor Ulstein, CEO in Ulstein Group.

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USA: Congressman Visits Offshore Energy Facilities

During an Offshore Energy Tour hosted by Rep. Steve Scalise (LA-01), congressman Gene Green toured the Shell Brutus 1 platform in the Gulf of Mexico, noting the success of Shell’s production and progress toward restoring the Gulf economy.

“I was glad to see that the Gulf of Mexico is heading in the right direction and getting back to work. There is still a lot of room for improvement but the increase in permitting and production has been crucial in securing American jobs, boosting investment in the local economies, and promoting our energy independence.”

Production in the Gulf of Mexico is critical to the nation as it provides 30 percent of the United States’ domestic crude oil supply.

Prior to the moratorium, the average final approval time from an original submission to final approval was 50 days. Shell’s exploration plan for the deepwater work was approved in about 100 days and required a site specific environmental assessment.

On Noble Energy’s Bully 1 deepwater drill ship, Members had the opportunity to have lunch with Shell employees and hear their stories first-hand on how their lives have been affected by the moratorium.

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