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Chevron Canada Charters Magne Viking AHTS

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Viking Supply Ships, one of TransAtlantic’s two business areas, has with the AHTS-vessel Magne Viking been awarded a term contract by Chevron Canada Ltd for operations on one well.

The contract is on subject and is not yet fully signed by the parties. The well support operations are estimated to last between 150 and 180 days and the charter will commence during the third quarter 2012. The vessel is going to support the drill ship Stena Carron with supply duties, anchor handling, towing, stand-by and rescue services, passenger movement and ice berg management.

Magne Viking is especially designed for subarctic operations and harsh weather conditions. The crew on board is especially trained for working in cold environments and has extensive experience from iceberg management from Greenland. The vessel is ice classed, which is a requirement for operating in Canadian waters, and will be upgraded to a full stand-by class in accordance with Canadian regulations. Magne Viking is furthermore equipped with de-icing systems, fire-fighting, oil recovery, large accommodation and safe deck handling.

The total contract value is estimated at about CAD 11.1 million.

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Norway: Greenland Group to Supply PetroFlame for Island Innovator Rig

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Grenland Group, a full-service engineering, procurement and construction company based in Norway, has been awarded a contract for two PetroFlame® burner booms for the semisubmersible drilling and intervention rig, Island Innovator.

Island Innovator is owned by Marine Accurate Well ASA (Maracc), and the rig is currently under completion at COSCO Shipyard in Qidong, China. Main shareholder of Maracc is the Island Offshore group.

“We are proud to be awarded this contract by Island Offshore, one of the leading providers of well intervention services. This contract proves once again our competitiveness in the global market”, says Erik Taule, EVP Solutions at Grenland Group.

“This taylor-made PetroFlame® system combines our extensive experience of design, fabrication and construction. The design will be done at our office in Sandefjord, and fabrication will be subcontracted to Jutal, China, and closely followed up by our Shanghai office“, says Jan-Erik Totland, Product Manager at Grenland Group.

The PetroFlame® burner booms supplied by Grenland Group is designed for permanent installation on vessels or mobile offshore drilling units, and for the purpose of well testing. The PetroFlame® keeps the gas flare and burner head in safe distance from the vessel structures to achieve low level of heat radiation.

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Here’s Why You Need To Watch The Burgeoning Relationship Between China And Greenland

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by Adam Taylor

Greenland‘s Premier has spoken warmly of embracing Chinese investment in an interview with Chinese news agency Xinhau.

“I think that China together with other nations is taking a huge interest in the Arctic area in general and specifically in Greenland, and we have seen quite a number of visitors from China over the last couple of years,” Prime Minister Kuupik Kleist said this week. “We don’t really have that much co-operation for the time being, but I know that Chinese companies are showing an interest in Greenland.”

“Greenland is also showing an interest in China: my minister for minerals (and industry) and labor is going to China today on an official visit. I would see a future co-operation as a very positive one and we welcome the Chinese interest,” he continued.

There’s a few reasons why this is interesting:

  1. We are already seeing a huge grab for land in the Arctic. The reason? It’s believed that there might be a huge amount of untapped natural oil and gas reserves under the surface.
  2. The key players so far have been Russia and Canada — both countries that actually border the Arctic region. Russia’s push has been particularly notable, with talks of even building an “Arctic city” to house scientists and workers in the region.
  3. Greenland gained self-rule from Denmark in 2009. Since then the country (population 56,534) has been trying to work out a new, more independent economic system. However, Denmark still controls Greenland’s foreign policy.
  4. It is thought that 10 percent of the world’s unproven oil reserves and 30 percent of its gas reserves might exist under the rapidly shrinking Greenland ice sheet.
  5. The Danish Ambassador to the United States Peter Taksoe-Jensen recently gave a talk at Dartmouth that showed Denmark would allow Greenland a lot of leway in making decisions (Foreign Affairs has a good summary of that here).
  6. China, unlike other key world powers in the debate, has no real claim to land in the Arctic circle. However, it has already performed a number of probes into the Arctic area, which are speculated to be because of interest in a new shipping route once ice melts in the area.
  7. A Chinese tycoon has already announced somewhat mysterious plans for a “hotel and golf course” on an island off the coast of Iceland. This island, of course, also has a unique strategic position.

We hadn’t really considered Russia a true player in the great Arctic land grab before — but maybe that needs reconsidering.

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