FMC Technologies, Inc. announced today that it has received a subsea equipment order from LLOG Exploration Company, LLC (LLOG Exploration) for the Who Dat field. The order has an estimated value of $30 million in revenue.
The project is located in the Gulf of Mexico Mississippi Canyon Block 503 in water depths of approximately 3200 feet (975 meters). FMC Technologies’ scope of supply includes subsea trees, a subsea manifold, multiphase meters and a subsea distribution system. The equipment is scheduled for delivery in 2013.
“FMC Technologies is pleased to have been chosen by LLOG Exploration to provide subsea systems for its continued development of the Who Dat field,” said Tore Halvorsen, FMC Technologies’ Senior Vice President, Subsea Technologies. “We welcome the opportunity to continue supporting LLOG Exploration with its Gulf of Mexico developments.”
More than 32 km of 84- and 76-mm chain is on order for delivery at the end of the year, which will be added to already the largest holdings of mooring equipment in the world. The chain, available to customers worldwide, will be used to renew and supplement InterMoor’s vast inventory of mooring equipment and will be used primarily to support the company’s preset mooring programs or add on to the mooring components of drilling rigs.
In addition to the chain purchase, orders for buoyancy and ancillary equipment have also been placed to support the growing needs of InterMoor’s regional locations.
Tom Fulton, InterMoor president, said “This purchase will strengthen InterMoor’s position as the leading global mooring, foundations and subsea services company and will offer our customers quicker access to vital equipment, thereby reducing downtime and costs,” said Tom Fulton, InterMoor president. “This is a very large investment that shows commitment to the developed regions and will help our customers start exploring in areas where constraints in the supply of chain might have previously been a challenge. Renting equipment speeds up the mobilization of drilling rigs, reduces capital investment requirements and enables our clients to concentrate on their core work.”
Deep Down, Inc., an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services has been successful in its proposal to a major international umbilical manufacturer for the manufacture, installation and commissioning of a portable umbilical carousel.
The project has an estimated value of $4 million in revenue to Deep Down and is scheduled for delivery in the second quarter of 2013, with procurement of long lead items commencing this month.
Ron Smith, Chief Executive Officer of Deep Down, Inc. stated, “We are delighted with this opportunity. We currently have outstanding quotes in excess of $30 million for our carousel design and this project further recognizes that we are a leading provider of innovative umbilical solutions to the oil and gas industry.”
- Houston, Texas: Deep Down Receives Multiple Services Contracts (mb50.wordpress.com)
STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, has received an order for the design and construction of a large, advanced Offshore Subsea Construction Vessel (OSCV) for Ocean Installer and Solstad Offshore.
The contract value amounts to approximately NOK 1.4 billion. Ocean Installer and Solstad will have joint ownership of the vessel, which is to be operated by Ocean Installer. The vessel is scheduled for delivery from STX OSV in Norway in 2Q 2014. The hull will be delivered from STX OSV in Romania. The contract is subject to board approval by the Norwegian Guarantee Institute for Export Credits (GIEK), expected to be received on or around 20 June 2012.
The vessel, of type OSCV 06L, has been designed by STX OSV and Solstad in close cooperation with Ocean Installer, and is highly advanced in terms of station keeping, efficiency and operational performance. The vessel is designed to operate efficiently under demanding conditions and is well fitted for SURF (Subsea,Umbilicals, Risers, Flowlines) operations.
The vessel is 156.7 meters long, 27 meters wide and has an aft cargo deck area of 2,100 m2. She will be equipped with a 150 t Vertical Lay System (VLS) and a 3,000 t below deck carousel, Remotely Operated Vehicles (ROVs) in hangars launched through moonpools, and two AHC offshore cranes (400 t and 100 t) which both can operate down to depths of 3,000 meters. The accommodation facilities will have a capacity of 140 persons. The vessel is designed according to the latest environmental standards with focus on low fuel consumption.
Steinar Riise, CEO of Ocean Installer said: “We are very satisfied with placing the contract for this new-build, and are looking forward to developing our operations with this vessel, which is built for heavy construction work, and is highly advanced when it comes to station keeping, efficiency and operational performance. This investment is in line with our growth strategy, as the vessel is capable of conducting the full range of subsea construction operations in the global market. Moreover, this joint venture consolidates the strategic cooperation between Solstad and Ocean Installer”
Ocean Installer is a Norwegian subsea entrepreneur headquartered in Stavanger,Norway. Ocean Installer holds strong EPCI expertise within the SURF (Subsea, Umbilicals, Risers, Flowlines) segment and is rapidly expanding its operations andorganization within and beyond the North Sea basin. Solstad Offshore ASA is among the largest shipping companies in Norway, providing advanced vessels and extensive maritime competence for operations related to the offshore petroleum industry. The company has about 1,600 employees, and operates 50 vessels all over the world. Solstad Offshore is headquartered in Skudeneshavn, Norway and has branch offices in Brazil, Singapore, United Kingdom and Australia
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BP announced today it has ordered four new platform support vessels (PSV) to help deliver its long term business strategy in the North Sea. The vessels will be deployed to support its West of Shetland (WoS) and Norwegian operations and be delivered between the winter of 2013 and summer of 2014.
The purpose built and highly specified vessels have been designed to provide long term support to BP’s North Sea business and will provide the capabilities BP requires to deliver its strategy more efficiently and safely. The vessels will have oil spill response capability and special tanks to transport fluids required for planned enhanced oil recovery (EOR) schemes.
Performance and safety will also be further improved by having dedicated crews on long term hire, minimising turnover and enhancing familiarity with BP’s processes.
Trevor Garlick, Regional President for BP North Sea, said, “Our long term commitment to the North Sea gives us the confidence to make major investments in vital support services. These new vessels will provide BP with a number of safety and commercial benefits, as well as allow for the greater deployment of technology. Improving our capability to recover more oil from our reservoirs is crucial to the future of the North Sea.”
The announcement is also positive news for the local economies in Scotland and Norway, as nearly 80% of the total project and operating costs will be spent there. The operating and maintenance work will be locally supplied and officers and crew will be UK and Norwegian qualified mariners. The vessels’ operators will support seafarer’s development by sponsoring personnel through their professional qualifications, including an Officer Cadet training scheme.
Mark Hardie, UK Logistics Manager for BP’s North Sea Region, said: “This is a significant investment in BP’s North Sea marine capability and will bring a number of business and local benefits from late 2013 onwards. The UK dedicated vessels will be based and maintained in Aberdeen.”
The arrangement is structured such that BP Shipping has contracted Hyundai to build the vessels and then hire them to BP Exploration Operating Company on a 15 year bareboat term charter. This project is consistent with BP’s strategy for marine offshore supply vessels that promotes vessel ownership where long term ‘life of field’ can be demonstrated.
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- India: Cochin Shipyard Delivers PSV to Norwegian Owner (mb50.wordpress.com)
- STX OSV to Build Two OSCVs for Siem Offshore (Norway) (mb50.wordpress.com)
Seadrill continues to see strong demand for modern ultra-deepwater (UDW) drilling rigs driven by high oil prices and large deep-water discoveries and increased development drilling. Specific interest, mainly from operators in West Africa and the Americas, demonstrate a trend towards higher day rates and longer term contracts.
With yard costs at very attractive levels and Seadrill’s proven track record with respect to successful new build construction the Company today announced the order of a sixth drillship from Samsung Heavy Industries (SHI) with delivery in the second quarter of 2014. The expected total project cost is less than USD600 million, in line with the 5 units under construction and with delivery in 2013 and 2014. The yard contract was originally between a party related to Seadrill’s major shareholder Hemen Holding and Samsung, as part of a larger shipyard deal, but Seadrill has been given the right to take over the contract at original terms.
Seadrill’s current new build program now includes 17 units: 6 ultra deep-water drillships, 1 harsh environment semi submersible, 5 tender rigs and 5 jack ups, all to be delivered in the period from Q4 2012 to Q1 2015. In addition, Seadrill has received a fixed price option for a further ultra deep-water drillship. The six drillships under construction are of the same design and will have a hook load capability of 1,250 tons and a water depth capacity of up to 12,000 feet targeting operations in areas such as the Gulf of Mexico, Brazil and West and East Africa. Also, these units will be outfitted with seven ram configuration of the Blow out Preventer (BOP) stack and with storing and handling capacity for a second BOP.
CEO of Seadrill Alf Thorkildsen says:
“With the available capacity in 2013 and 2014 Seadrill is uniquely positioned among its peers to take advantage of strong demand for drilling services with high dayrates and longer charter contracts. We will continue to aggressively build Seadrill’s earnings and further expansion of the building program is expected in the months to come. Together, these developments provide for continued value creation and an increased dividend capacity.”
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EMAS, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry and operating brand for Ezra Holdings Limited announces two further contract awards worth a total of approximately US$131.5 million.
EMAS’s fabrication division, recently rebranded as TRIYARDS, has been awarded a US$76.5 million contract to fabricate and deliver a self-elevating mobile offshore platform/unit for a client based in Asia Pacific. The unit will be manufactured by the Group’s fabrication division’s yard in Vung Tau, Vietnam, the Group’s second yard facility in country. The fabrication division provides fabrication and vessel design as well as engineering services and has previously built one of the world’s largest self propelled jack-up rigs of its kind.
In a separate announcement EMAS reported its subsea division, EMAS AMC, has been awarded a US$55 million contract for SURF (subsea umbilicals, risers and flowlines) installation and pipe lay from Statoil for work in the North Sea.
Mr Lionel Lee, EMAS’s Managing Director, said: “Our continued stream of new contract wins across the globe by our various divisions validates our internationalisation strategy. We had identified subsea services for our next phase of growth, and since our strategic acquisition of Aker Marine Contractors last year to form EMAS AMC, we have been able to push our Group orderbook to almost US$2 billion in a short span of a year.
“The offshore energy industry is increasingly recognising EMAS as a trusted global player. Our contracts now come from beyond Asia Pacific, and include the challenging environments of the Gulf of Mexico and the North Sea. I am extremely delighted with the momentum and track record we have achieved, and I am confident we will be able to sustain this growth with all our divisions competing for projects around the world.”
EMAS recently announced the award of a US$70 million contract (with options valued at US$30 million) from Apache Energy Limited, allowing EMAS AMC to achieve its US$1 billion subsea orderbook target ahead of time.
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The order’s estimated value is approximately USD 1.1 billion and it comes from a “large-scale” American corporation. According to the contract details posted on the Korea Exchange (KRX), SHI will make the deliveries no later than August 31, 2014.
This has been a fruitful month for Samsung Heavy Industries. On February 13, the company announced it had received the order from INPEX for the construction of an offshore central processing facility (CPF) for the Ichthys LNG project in Australia.
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