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Ezra Secures USD 65 Million Contracts in GoM and West Africa

Ezra Holdings Limited (Ezra, the Group), a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, today announced that its subsea construction division, EMAS AMC, has secured contracts worth more than US$65 million, including options, for projects in the Gulf of Mexico and West Africa.

The Gulf of Mexico work will see EMAS AMC introduce the Lewek Falcon, a versatile subsea construction vessel, into the Gulf of Mexico for a long-term campaign on the Walker Ridge Gathering System (WRGS), which is an ultra-deep (2500 metres) setup to provide natural gas gathering services. The scope of work will consist of the transportation and installation of suction piles, manifolds and jumpers along with pipeline pre-commissioning support, and work is expected to commence first half of 2013.

The West Africa-Equatorial Guinea contract extends an existing general service agreement with ExxonMobil for subsea engineering, subsea construction and ROV support activities in West Africa through mid-2014.

Mr Lionel Lee, Managing Director of Ezra Holdings, said: “These project wins demonstrate that our subsea focus is paying off. We have been building a strong track record for our subsea construction division the past year, with past and recent project awards in remote areas and ultra-deep waters. Our continuous investment in people and key assets will reinforce our ability to efficiently and reliably support our growing global client base.”

Project management and engineering will begin immediately from EMAS AMC’s Houston office.

Subsea World News – Ezra Secures USD 65 Million Contracts in GoM and West Africa.

Worldwide Field Development News Sep 1 – Sep 7, 2012

This week the SubseaIQ team added 0 new projects and updated 8 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.

Europe – North Sea

Valiant Considering Alternative Development Options for Crawford

Sep 6, 2012 – Valiant Petroleum, along with its joint venture partners, is actively pursuing other development solutions for the Crawford discovery in the UK North Sea; the partners concluded the original development plan created by Fairfield is not the best way to proceed. A broad range of development options are under consideration for both surface and subsurface. The timeframe for a fully supported field development plan may extend into 2013.

Project Details: Crawford

Norway’s PSA Approves Geite Permit

Sep 6, 2012 – The Petroleum Safety Authority Norway has given its consent to Det norske to drill their Geite prospect in PL 497. Well 7/11-13 will be drilled using the Maersk Guardian (350′ ILC). Drilling is estimated to take approximately 80 days, but could take as long as 135 days if a sidetrack is drilled.

Project Details: Geite

Lundin Receives NPD Nod for Johan Sverdrup Sidetrack

Sep 6, 2012 – Lundin Petroleum has received approval from the Norwegian Petroleum Directorate to drill an appraisal well at the Johan Sverdrup discovery located in production license 501. Well 16/2-13A will be drilled using the Transocean Arctic (mid-water semisub).

Project Details: Johan Sverdrup

Ithaca Successfully Completes Hurricane DST

Sep 6, 2012 – Ithaca Energy has completed a successful drill stem test (DST) on the Andrew sandstone interval in the Hurricane appraisal well, achieving a maximum flow rate of approximately 24 MMscf/d with associated condensate of 1,200 bopd. The well is being suspended as a future producer from the Andrew reservoir along with the capability to produce from the Rogaland reservoir. During the 24-hour test period, the Andrew interval achieved an average gross flow rate of approximately 17 MMscf/d with associated condensate of 870 bopd from a half-inch choke. Plans are already underway to assess development options.

Project Details: Stella/Harrier

EMAS AMC Wins Cable Installation Work at Troll

Sep 6, 2012 – EMAS AMC has been awarded a contract by ABB for the installation of subsea power cables at the Troll A Platform located offshore Norway. The work scope includes the installation of one HVAC cable and two circuits of HVDC subsea cable from Troll A to the land station Kollsnes. These new cables will provide power to run two compressor drive systems, which will improve production capacity and extend the platform’s lifespan. The Lewek Connector is scheduled to begin operations during 2Q 2014. EMAS AMC is the subsea construction division of Ezra Holdings and the contract was awarded as part of a large strategic cooperation agreement between the two companies.

Project Details: Troll Area

Asia – SouthEast

South Kecapi Expected to Spud by Year End

Sep 6, 2012 – Salamander Energy is expected to spud its South Kecapi prospect by the end of 2012. The Ocean General (mid-water semisub) has been selected to drill the well. Gross mean unrisked resource potential for South Kecapi is 274 Bcf. Salamander Energy estimates its odds of success are 44 percent.

Partners Select Prospect to Drill on Thailand Block G2/48

Sep 5, 2012 – Pearl Oil along with its JV partner, Rayong Offshore Exploration, has selected the Sainampeung-1 prospect as the optimal location to test the G2/48 concession located in the Gulf of Thailand. Sainampueng-1 will be drilled in 4Q 2012 using the Ensco 85 (300′ ILC). Estimates suggest the mean unrisked prospective resources to be 10 million stock tank barrels (MMstb) with a high side of up to 27 MMstb (P10). Sainampueng-1 has the potential to open a new basin with significant follow-up potential.

Project Details: Sainampueng

Australia

ConocoPhillips Intersects Primary Objective at Boreas-1

Sep 6, 2012 – Boreas-1 has intersected the primary reservoir objective and the drilling assembly is being pulled so that coring operations can commence. The well intersected a sand interval characterized by a Rate of Penetration increase, sandy drill cuttings and an increase in the mudlog gas readings indicating a potential gas bearing reservoir. Coring operations will be undertaken to allow more extensive analysis of rock properties in potential reservoir intervals. Production testing will be undertaken if hydrocarbon bearing sands are encountered and confirmed by the wireline logging and the pressure and sampling programs.

Project Details: Boreas

Farm-Out Negotiations Open for La Bella

Sep 4, 2012 – WHL Energy announced they have formally commenced the farm-out process on its VIC/P67 oil and gas permit in the offshore Otway Basin off the Victorian coast of Australia. Strong industry interest to participate in the development of the permit has prompted this Australian-based operator to open a data room in Perth, providing potential partners with access to past exploration and study data from previous operators as well as WHL Energy. The farm-out process is expected wrap up by the end of 2012. The VIC/P67 permit is located approximately 124 miles (200 km) West-Southwest of Melbourne and is wholly owned by WHL Energy.

Project Details: La Bella

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