Subsea 7 S.A. has announced the award of a three-year $160 million contract extension by BP Exploration & Production Inc. for light subsea construction, inspection, repair and maintenance services in the US Gulf of Mexico.
The contract will run from the second quarter 2014 to the third quarter 2017. The scope covers the provision of two vessels, including a dedicated vessel on a full-time basis, associated project management and engineering support, ROV-based inspection and intervention, and light construction work.
One of the vessels to be utilized in the contract is a new-build offshore subsea construction vessel while the other is a light construction vessel. Both vessels will be chartered on a long- term basis.
John Evans, Subsea 7′s Chief Operating Officer, said: “We are very pleased to have been awarded this important contract extension and to be able to continue growing our valued relationship with BP. This award highlights our proven track record for safely delivering successful Life-of-Field operations.”
Press Release, May 01, 2014
More than one year prior to delivery Denmark’s Maersk Drilling has signed a contract with a major oil company for the first in a series of four identical ultra deepwater drillships currently under construction.
The contract duration is three years and commencement is expected by end 2013 upon delivery from Samsung Heavy Industries in South Korea and mobilization to the US Gulf of Mexico. The estimated contract value is USD 610 million including mobilization, but excluding cost escalation and performance bonus.
“With the signing of this contract for the first of our four ultra deepwater newbuild drillship we are able to add another USD 610 million to our contract backlog providing a solid basis for our further growth,” says Claus V. Hemmingsen, CEO of Maersk Drilling and member of the Executive Board of the A.P. Moller – Maersk Group. “The US Gulf of Mexico remains a focus area of Maersk Drilling, and we are pleased to enhance our presence in this attractive market. With permitting activity normalizing after the Macondo incident in 2010 and the lease sales in the region, we believe the fundamental demand for our services in this region is in place”.
Maersk Drilling has performed deepwater operations in the US Gulf of Mexico since 2009 with the ultra deepwater semi-submersible MÆRSK DEVELOPER.
Facts about the four newbuild ultra deepwater drillships
In 2011 Maersk Drilling ordered four ultra deepwater drillships at Samsung Heavy Industries in South Korea. The rigs will be delivered in 2013 and 2014. The total investment was USD 2.6 billion.
The design and capacities of the new drillships include features for high efficiency operation. Featuring dual derrick and large subsea work and storage areas, the design allows for efficient well construction and field development activities through offline activities.
With their advanced positioning control system, the ships automatically maintain a fixed position in severe weather conditions with waves of up to 11 metres and wind speeds of up to 26 metres per second.
Special attention has been given to safety onboard the drillships. Equipped with Multi Machine Control (MMC) on the drill floor, the high degree of automation ensures safe operation and consistent performance. Higher transit speeds and increased capacity will reduce the overall logistics costs for oil companies.
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- Diamond Offshore Orders New Drillship in South Korea (mb50.wordpress.com)
- Pacific Santa Ana Drillship Arrives in U.S. Gulf of Mexico to Work for Chevron (mb50.wordpress.com)
- UK: Nautronix to Supply Acoustic Positioning System for Noble’s New Drillship (mb50.wordpress.com)
- Ensco in $645m drillship buy (mb50.wordpress.com)
- South Korea: Stena Drilling Wins 5 Year Contract for Its Newbuild Stena IceMAX Drillship (mb50.wordpress.com)
- USA: Vantage Drilling Acquires Titanium Explorer Drillship (mb50.wordpress.com)
By John Konrad On April 5, 2012
Need to cut a 30 foot deep trench in the bottom of the ocean floor to run flowlines out to a new production rig?
No problem. Helix Energy Solutions’ new T1200 subsea trenching behemoth is just what you’re looking for.
Looking like a mix between a space ship and an Abrams battle tank, the T1200 is a massive piece of equipment weighing in at over 33 tons (30,000kg) and towering to a height of 12.6ft (3.8m).
While not yet in service, construction of the T1200 trenching and burial unit is one step closer to entering service following testing and installation of its two enormous caterpillar tracks.
The vehicle also got wet for the first time in the manufacturer’s test tank in central England. Still undergoing final fitting, the T1200 is expected to be delivered to Helix ESG this summer and will begin work on board another new asset to Helix ESG’s ROV Support Vessel fleet, the Grand Canyon.
The 1,125hp ROV will use high-powered water jets to cut up to 30 feet into the seafloor and lay power cables, or other tubular products like oil and gas pipelines.
The Grand Canyon is a new build offshore construction vessel that will host a new T1200 jet trencher, two 200HP XLX ROV systems onboard along with two more ROV systems. The Grand Canyon is 125m x 25m and has a 250t crane, monopool, dynamic positioning systems and helideck. Accommodations are for up to 108 personnel and will be deployed for work in Europe’s growing offshore wind farm projects where her ROVs will conduct power cable trenching and burial operations. (Image: Helix ESG)
- T1200 Trenching Unit Nearing Completion in the UK (mb50.wordpress.com)
- Support vessel Grand Canyon being towed to Norway for completion. (mb50.wordpress.com)
- Helix Well Ops UK Completes Well Intervention in West Africa (mb50.wordpress.com)
- McDermott signs agreement for spool base services in Gulf of Mexico (mb50.wordpress.com)
- USA: Helix to Build New Semi-Sub Well Intervention Vessel (mb50.wordpress.com)
- Helix Orders Semi-Sub Well Intervention Rig in Singapore (mb50.wordpress.com)
- USA: Helix’s Oil & Gas Revenues Rise on High Prices and Lift in Production (mb50.wordpress.com)