Recap: Worldwide Field Development News (Jun 29 – Jul 5, 2012)

This week the SubseaIQ team added 1 new projects and updated 11 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.

Australia

ShawCor will Provide Services for Ichthys LNG Subsea Equipment

Jun 29, 2012 – ShawCor announced that its pipecoating division, Bredero Shaw, has received a contract to provide pipeline coatings and related products and services for the flowlines and tie-in spools for the Ichthys LNG project. The contract involves coating approximately 148 km of 6-inch to 18-inch diameter pipe that will be protected with three-layer polypropylene anticorrosion coating and Thermotite multi-layer polypropylene insulation. Work will commence during the second quarter of 2013. The company will execute the work at Bredero Shaw’s facilities in Kabil, Indonesia and Kuantan, Malaysia.

Project Details: Ichthys

Technip Wins Prelude Subsea Installation Contract From Shell

Jun 29, 2012 – Shell awarded Technip a subsea installation contract for the Prelude FLNG facility, which is moored in a water depth of 787 feet (240 meters), about 124 miles (200 kilometers) off the northwest coast of Australia. The contract covers the project management, fabrication, transport and installation by reeling of 12 inch flowlines and the fabrication of pipeline end terminals, flowline appurtenances and rigid spools. It also includes the transportation and installation of the subsea equipment including manifolds, umbilical termination assemblies, rigid spooks and flying leads. Shell said it expects the Prelude FLNG project to be ready in 2017. Once operational, the Prelude FLNG facility will produce at least 5.3 million tones per annum (mtpa) of liquids.

Project Details: Prelude

Europe – North Sea

Statoil Awards Subsea Project to FMC

Jul 5, 2012 – FMC has been awarded a contract for subsea production systems (SPS)for the Gullfaks South field, with options to cover Statoil’s subsea tie-back demand in the fast-track portfolio for 2014 and 2015. Estimated contract value is close to $199 million (NOK 1.2 billion), in addition to possible extensions worth $663 million (NOK 4 billion. Equipment to be supplied includes wellheads, x-mas trees, template structures, manifold and control systems.

Project Details: Greater Gullfaks Area

King Lear Not a Tragedy for Statoil

Jul 2, 2012 – Drilling results confirm Statoil’s earlier expectations that its King Lear prospect would be a high-impact well. Exploration well 2/4-21 drilled by the Maersk Gallant (350′ ILC) in production licences 146 and 333, has proven a 48-meter gas/condensate column in the main bore 2/4-21 and an additional 70-meter gas/condensate column in the side-track 2/4-21A. Statoil estimates the total volumes in King Lear to be between 70 and 200 million barrels of recoverable oil equivalent.

Project Details: King Lear

Faroe Drills Duster in Clapton Prospect

Jun 29, 2012 – Faroe Petroleum will plug and abandon the Clapton exploratory well 2/8-18S on Production License 440S in the Norwegian sector of the North Sea. The well found hydrocarbons in chalks of the Shetland Group and also encountered reservoir rocks, but the reservoir properties were poorer than expected. Reaching a vertical depth of 8,593 feet (2,619 meters) by the Maersk Guardian (350??? ILC) jackup, the well is a dry hole.

Project Details: Clapton

N. America – US GOM

Anadarko Enters Capital Carry Deal for Lucius

Jul 2, 2012 – Anadarko Petroleum has signed a definitive agreement with an undisclosed party to enter into a joint-venture capital carry arrangement for Anadarko’s ownership in the Gulf of Mexico Lucius development project. Under the terms of the agreement, Anadarko will be carried for $556 million, which is estimated to represent 100 percent of its expected capital obligation through the anticipated date of first production at Lucius. In exchange, Anadarko will convey a 7.2-percent working interest in the Lucius development and will continue as operator with a 27.8-percent working interest.

Project Details: Lucius

S. America – Other & Carib.

Gas Flaring Permit Extended for Albacora

Jul 3, 2012 – BPZ Energy has announced that an extension to their gas flaring permit has been granted by the Peruvian Ministry of Energy and Mines. The permit will cover flaring operations at the Company’s Albacora field through December 28, 2012. Gas is flared off when sufficient amounts of gas aren’t being reinjected or sold. At this time, the reinjection equipment at Albacore is sitting idle while the environmental permit to allow for reinjection is finalized.

Project Details: Albacora

Asia – Caspian

Total Sumits Notice of Commerciality for Absheron Discovery

Jul 2, 2012 – Total, on behalf of the Socar/Total/GDF Suez partnership, has submitted a notice of commerciality to the Government of Azerbaijan for the Absheron discovery. This step is an important milestone in the frame work of the Agreement on Exploration, Development and Production Sharing for the Absheron offshore block in the Azerbaijan sector of the Caspian Sea signed in 2009.

Project Details: Absheron

Africa – West

Saipem Signs E&C Contract for Mafumeria Field

Jun 29, 2012 – Saipem has signed a new E&C offshore contract in West Africa for the development of the southern part of the Mafumeira field within Block 0. The contract has been awarded by CABGOC (Cabinda Gulf Oil Company Ltd), wholly owned by Chevron. The Mafumeira Sul EPCI 3 scope of work is for the engineering, procurement and pre-fabrication activities for subsequent offshore modifications and tie-in activities on the existing Mafumeira Norte platform and the future Mafumeira Sul production platforms. Mafumeira Sul EPCI 4 comprises the engineering, procurement, fabrication and installation of an onshore pipeline portion connecting the field to the oil storage and export facilities in the Malongo Terminal. The marine activities will be carried out in different time frames between the fourth quarter of 2013 and the second quarter of 2015.

Project Details: Mafumeira

Allied Energy Preps Drilling Program for Oyo Field

Jun 29, 2012 – Allied Energy reported that it plans to drill a development well on the Oyo field in 4Q 2012. The new well, Oyo No. 7, is being designed to test the prospective resource potential of the deeper Miocene reservoir in the field, but also to increase production in the Pliocene reservoir. With these dual objectives, the No. 7 well is expected to both significantly increase oil production from the currently producing reservoir and de-risk much of the unrisked resource potential in the field.

Project Details: Oyo

Mediterranean

Adira Granted Extension for Samuel License

Jul 3, 2012 – Adira Energy Ltd. announced today that Israel’s Ministry of Energy and Water Resources has granted an extension of the dates for the execution of a drilling contract and the spudding of the first well on the Samuel offshore license. The contract execution date has been extended from July 1 to October 31, 2012 with a requirement that the first well be spud by April 30, 2013. Adira has indicated that the environmental study for Samuel will be submitted by the July 10 deadline.

Shimshon Delivers for ATP

Jul 2, 2012 – ATP Oil & Gas has successfully drilled its Shimshon exploration well in the Levant Basin of offshore Israel encountering more than 62 feet (19 meters) of natural gas pay in the Bet Guvrin sands. The Shimshon well is in a water depth of 3,622 feet and was drilled to a subsea depth of 14,445 feet by the Ensco 5006 semisub.

Project Details: Shimshon

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