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DeepOcean Pens Long Term Charter Deal for New OSCV

Norway’s DeepOcean has entered into a contract for long term charter of an offshore support and construction vessel (OSCV) from Rem Ship AS.

 “DeepOcean is established as a leading subsea services and installation contractor in the North Sea. In order to maintain and strengthen our leading position in this market, we are currently investing in our fleet of owned and chartered vessels.” says DeepOcean AS President Mads Bardsen.

The new build is a MT6022 design, with length of 108 meters and 22 meters breadth. The vessel is scheduled for delivery in the first quarter of 2014.

In addition to the new build, DeepOcean has already chartered the Rem Forza from Rem Ship AS. The vessel will be fitted with an AHC offshore crane and two work class ROVs and associated Launch and Recovery Systems.

DeepOcean Pens Long Term Charter Deal for New OSCV| Offshore Energy Today.

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KBR to Design Bonaparte FLNG Vessel for GDF Suez

KBR has been selected by GDF SUEZ Bonaparte Pty. Ltd. (GDF SUEZ), operator of the Bonaparte LNG project, to execute floating liquefied natural gas (FLNG) production vessel design work for its project offshore Darwin, Australia.

This award is one of two contracts being let by GDF SUEZ as part of an initial concept definition design competition for the vessel. The award also pre-qualifies KBR as a contender for the EPC delivery phase of the project. The concept definition work is already underway in KBR’s London operations centre in Leatherhead, and is expected to last up to 12 months.

KBR has developed an extensive global FLNG engineering capability in recent years, and draws on its experienced resource pool with capabilities in FPSO and onshore LNG EPC delivery.

“KBR is delighted to be working with GDF SUEZ on this project. We look forward to working together in a new relationship which we hope will prove valuable for both companies as this project moves towards the EPC phase,” said Roy Oelking, Group President, Hydrocarbons.

This work follows KBR’s recent FLNG front-end projects in London, Houston and Perth. FLNG represents a new market for the industry and KBR’s engineering capability is already being utilized in several FLNG projects around the world.

KBR to Design Bonaparte FLNG Vessel for GDF Suez| Offshore Energy Today.

Gulf of Mexico: Quest Offshore Sees Bright Future for Deepwater GoM (USA)

The Gulf of Mexico, more than any other major deepwater region in the world, has experienced massive changes in the last five years with long-term implications for the future of the region and the GoM’s supply & demand effects on the global deepwater oil and gas market, Quest Offshore says in its report.

The worldwide financial crisis and subsequent recession, shale gas’ implications on U.S. natural gas prices and the aftermath of the Macondo incident have led to significant changes in the outlook for the region. Despite those overwhelming obstacles, the U.S. GoM’s future is bright with a pronounced recovery expected in all major market segments from drilling to subsea, floating production and marine construction.

Overall spending in the region is expected to increase significantly starting in 2013 up nearly 30 percent to $40 billion. Total expenditures are expected to reach a significant $167 billion in the 2013 to 2016 period. For the first time, 2012 is expected to represent an investment shift with deepwater CAPEX and OPEX spending surpassing that in shallow water. In the under developed ultra-deepwater frontier areas of the region, challenging technical and reservoir conditions will result in increased spending across the board, a trend expected to continue through the foreseeable future.

Five years ago the region was a mix of major and independent oil companies executing both oil and gas standalone and subsea tieback projects. In 2013 and beyond, Quest sees more oil dominance with offshore gas waning. Large international oil companies will play a larger role with the execution of standalone (hub) projects with niche-focused independents looking to infrastructure-led drilling around existing hubs and mega-independents continuing to grow their strategic portfolios in select basins.

In Quest Offshore’s latest market report, Quest Deepwater Review: Gulf of Mexico 2013 and Beyond, the reader will gain a comprehensive understanding of current trends and expectations from one of the leading deepwater basins, the U.S. Gulf of Mexico.

Leasing Activity Positive for Deep and Ultra-deepwater

Leasing activity is rightly seen as the furthest leading indicator for prospective oil and gas activity not only in the Gulf but throughout the world. Due to the relatively long lead times between leasing, drilling and production, leasing trends can be expected to provide insight on future activity for years to come. With one-third of active deepwater leases, oil majors and national oil companies are expected to continue to be the driving force for pushing the boundaries of the Gulf of Mexico’s development. Excluding Anadarko and Conoco, all recent frontier projects have been undertaken through operatorship’s of one of the majors or national oil companies (BP, Chevron, Exxon, Shell, Total, Statoil, Petrobras), and we expect this theme to persist moving forward.

Drilling Permitting on an Upward Trend

Drilling permit approvals are showing noticeable increases over the past six months with total counts back to pre-Macondo levels. As of the end of September there have been 78 new exploration drilling permits and 36 new development drilling permits approved over the year.

While raw permit counts are showing positive movement this year, the comparison in permits issued per project highlights the underlying cause for such steep increases in the first half of 2012. Multi-well projects (defined as five or more wells) have seen a record permitting pace since late 2011; examples of this trend include Chevron’s Jack/St. Malo Project, Shell’s Mars B Project, Hess’s Tubular Bells project, Chevron’s Big Foot and most recently the BP’s Atlantis North development, while true wildcat exploration permit numbers are still well below levels seen prior to the drilling moratorium.

Drilling Market Accelerating

Notable discoveries of ultra-deepwater fields in the Lower Tertiary continue to increase the reserve and production expectations for the region. The shift in the Gulf is most apparent in the floating rig market with four operators now possessing 50 percent of the contracted rig fleet. Ninety percent of rigs operating are high-spec and rated for ultra-deepwater.

Robust Outlook for Deepwater Development

Since 2008, the U.S. Gulf of Mexico has undergone a shift in project development mix from heavy in small, independent-operated subsea tiebacks to one that is grounded in fewer, larger subsea tiebacks and high-investment standalone developments developed by international oil companies and mega-independents.

This shift towards fewer, larger subsea tiebacks as well as increased FPS units will have profound effects on the future of the subsea sector as the hardware installed evolves as a direct result of fewer gas developments and deeper, more challenging fields. Subsea equipment manufacturers will experience fewer, but larger scope, award opportunities through the forecast period. As these developments move into more challenging areas, the value of these subsea production packages are expected to increase significantly as HP/HT trees and subsea processing become an enabler for these complex, capital-intensive projects.

This next wave of FPS developments is, for the most part, in ultra-deepwater and in more remote areas not currently connected to shallow water or onshore infrastructure. These developments will materially impact the pipeline and marine construction markets (SURF) as these production hubs are connected to existing export infrastructure through 2016 and beyond. The subsea tieback potential for these hubs is most likely to be seen in the latter half of this decade and into the following, with these latest hubs laying the foundation for the next generation of deepwater developments in the region.

Quest Offshore Sees Bright Future for Deepwater GoM (USA)| Offshore Energy Today.

BMT to Provide EFMS Services for Chevron’s Big Foot TLP (USA)

Chevron has awarded a contract to BMT Scientific Marine Services Inc (BMT) to provide an Environmental and Facilities Monitoring System (EFMS) for the Chevron operated Big Foot Tension Leg Platform (TLP) at the Big Foot field in the U.S. Gulf of Mexico.

“The EFMS monitors, logs and displays data in real-time on the local environment and facility motions. It archives the data for assessing the TLP’s integrity over time and interfaces with the facility’s other platform control systems,” explains BMT in a press release.

The Big Foot EFMS will measure factors such as wind speed and direction, platform position, wave frequency and high frequency platform motions, air gap, surface currents and draft.

A TLP is a vertically moored floating structure suited for use in a wide range of water depths.

The Big Foot TLP will be Chevron’s sixth operated facility in the deepwater Gulf of Mexico and will be located approximately 225 miles south of New Orleans. The TLP will include an on-board drilling rig and will have a production capacity of 75,000 barrels of oil and 25 million cubic feet of natural gas per day. Installation of the TLP is scheduled to begin in November 2012 and first oil is expected in 2014.

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Forum Subsea Deploys Perry T-1200 Trencher in UK

Forum Subsea Technologies, a business line of Forum Energy Technologies, Inc. announces the completed deployment and successful operation of the new Perry T-1200 Trencher for Canyon Offshore, a subsidiary of Helix Energy Solutions Group.

The T-1200 is mobilized to bury power cables at Sheringham Shoals, an offshore wind farm in the United Kingdom that is owned equally by Statoil and Statkraft through joint-venture company Scira Offshore Energy Limited. The wind farm, which is currently under construction, has 88 wind turbine generators, located 17 to 23 km offshore from the coastal town of Sheringham, North Norfolk.

Perry trenching systems are recognized by many clients as a market leader in this technology due to their design, reliability and capability and have been successfully utilised in challenging trenching environments throughout the world. The T-1200 Trencher is an update of the successful T-750 trencher also owned and operated by Canyon Offshore since 2004.

Forum Subsea Technologies is a business line of Forum Energy Technologies, Inc. Their ROV product line ranges from electric observation class ROVs to large hydraulic work-class vehicles used for inspection, survey and deep-water construction, as well as other remote intervention technologies and services. Forum Subsea Technologies is positioned to support its customers through a global sales team and a worldwide network of distributors and service centres.

Forum Energy Technologies Inc.,headquartered in Houston, Texas, is a global provider of manufactured technologies and applied products to the energy industry. With approximately 3,300 employees located throughout the world, Forum is well positioned to provide the products and technologies essential to solving the increasingly complex challenges of the subsea, drilling and production sectors of the oil and gas industry.

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US Cal Dive Partners with Dutch Fugro for Toisa Paladin Charter

Cal Dive International, Inc. announced today that it has entered into a 50/50 strategic partnership with Fugro for the long-term charter of the DP2 Toisa Paladin, a 2007 purpose built, DNV classed, diving support vessel.

The charter party agreement with Toisa Pte Ltd will be shared equally between Cal Dive and Fugro and has a three-year term plus two six-month extension periods. Cal Dive and Fugro will bring together their respective expertise to jointly pursue the growing number of subsea projects to provide construction, diving, ROV and other services to the offshore energy industry.

The Toisa Paladin is currently working on its first project in Malaysia. Cal Dive also announced that it has entered into a three-year frame agreement with a major international oil and gas operator under which it expects to keep the Toisa Paladin utilized through the end of the year.

Quinn Hébert, President and Chief Executive Officer of Cal Dive, stated, “We are pleased to announce our alliance with Fugro and the charter of the Toisa Paladin. We have a long and successful relationship with Fugro and are expecting big things from this new venture. They are a world class organization and the Toisa Paladin is a world class vessel. This expands our capabilities and service offering to our client base and fuels our growth plans in Australia and other international markets.”

Subsea World News – US Cal Dive Partners with Dutch Fugro for Toisa Paladin Charter.

Norway: Seadrill Negotiating USD 1.16 bln Gig for West Polaris Drillship

Seadrill, one of the world’s largest drilling contractors, has announced it is in advanced discussions regarding a new five-year contract for the drillship West Polaris.

This new contract will start in direct continuation of the existing assignment which is scheduled to be completed in October 2012. The potential contract revenue for the five-year period is approximately US$1.16 billion. A final agreement is expected within July 2012.

The Samsung-built ultra-deepwater drillship was delivered to Seadrill in 2008.

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DeepOcean Group Wins Trenching Job for COOEC in China

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CTC Marine Projects, Ltd., a subsidiary of DeepOcean Group Holding AS, announced the award of a major trenching contract for COOEC on the Liwan 3-1 Project in China located 350 kilometres offshore Shenzhen, China.

CTC will be responsible for the trenching of approximately 174 kilometres of 30-inch pipeline from the Shallow Water Host Platform of the Liwan field development in water depth of 205 metres. For this workscope, CTC will use the MSV Volantis equipped with two ROVs and the world’s most powerful jet trenching ROV, the 2.1 Megawatt UT-1 Trencher.

imageTony Stokes, Director of CTC’s Asia Pacific operations, states, “This project, along with the recently completed project with the Volantis and UT-1 in South Korea, shows the demand for CTC’s trenching technology in the thriving South East Asia region. We look forward to a successful campaign and are very pleased to cooperate with COOEC Subsea on such an epic project.”

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