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Singapore: Dyna-Mac Receives LOIs from Leading FPSO Operators

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Dyna-Mac Holdings Ltd. , a provider of detailed engineering, procurement and construction services (“EPC”) to the offshore oil and gas, marine construction and other industries, has secured orders worth a provisional sum of S$115 million, boosting its order book to a provisional value of S$190 million as at to date.

The Group has signed Letters of Intent (“LOIs”) with leading operators of floating production, storage and offloading vessels (“FPSOs”), including Modec, Bumi Armada Berhad and SBM Offshore, for the fabrication of nine topside modules, nine piperacks and one turret. These offshore structures are for FPSO OSX 3, FPSO D1 and FPSO Quad 204 and the projects are expected to be completed progressively by the end of 2013.

UK, India, Brazil

According to the vessel’s owner, OSX 3 Leasing B.V.,FPSO OSX 3 will be deployed within the Campos Basin, offshore Brazil, on the Waikiki field upon completion.

Bumi Armada’s FPSO D1 will be chartered to India’s State-owned Oil and Natural Gas Corporation Limited (ONGC) and deployed in the D1 field, 200km off the west coast of Mumbai, India.

FPSO Quad 204 will be deployed in the UK North Sea and its turret design is a large internal mounted system with a bogie wheel bearing arrangement, which will moor the FPSO in harsh environmental conditions. The Quad 204 turret has a total weight of 10,000 tonnes and is provided with arrangements for connecting 20 mooring lines and up to 28 flexible risers and umbilicals. The turret topside structures consist of 5 decks and a gantry accommodating the process piping, manifolding, equipment and swivel stack for handling a total fluid throughput of 320,000 barrels per day.

Mr Desmond Lim Tze Jong the Group’s Executive Chairman and CEO, said: “We have been in talks for these projects, amongst others, for some time and we are very pleased to have finally sealed these projects, which boosts our current order book to S$190 million. Our tender book remains healthy and we are confident about our growth outlook given that current market dynamics continue to encourage higher spending on exploration and production of oil. Our optimism is also supported by Dyna-Mac’s strong track record and reliable reputation as a FPSO / FSO topside module specialist among our customers, many with whom we have entrenched working relationships.”

115 million Singapore dollars = 88.27814 million U.S. dollars

190 million Singapore dollars = 145.85084 million U.S. dollars

Source

Worldwide: Field Development Project News

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Dec 9 – Dec 15, 2011

This week the SubseaIQ team added 0 new projects and updated 22 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.

Africa – Other
Anadarko Spuds Lagosta-2 in Rovuma Area 1
Dec 13, 2011 – Anadarko is currently appraising its Lagosta-2 well with plans to complete it towards late January 2012. The well is located Offshore Area 1 of Mozambique???s Rovuma Basin. The discovery well encountered more than 550 net feet (168 net meters) of natural gas pay in multiple high-quality Oligocene and Eocene sands. The consortium is currently in early-stage discussions with major LNG off-takers in the Asian and European markets to secure long-term commercial contracts for the planned production from the Rovuma Area 1 project. Anadarko operates the area with a 36.5% working interest. Co-owners in the area include Mitsui E&P Mozambique Area 1, Limited (20%), BPRL Ventures Mozambique B.V. (10%), Videocon Mozambique Rovuma Offshore, Ltd. (8.5%).
Project Details: Lagosta
Africa – West
SBM Offshore, Eni Finalize Xikomba FPSO Lease and Operate Contract
Dec 14, 2011 – Eni and SBM Offshore have executed contracts for the 12-year charter and operation of Xikomba FPSO for Block 15/06. The development plan calls for the relocation of the existing Xikomba FPSO, which has been operated under contract for ExxonMobil since 2003. The vessel will undergo a major upgrade in order to meet new project specific requirements. First production from the FPSO is targeted for 2014.
Project Details: Kizomba, Block 15
N. America – Canadian Atlantic
Husky Conducts Testing on West White Rose
Dec 12, 2011 – Suncor Energy, a partner in the White Rose project, stated that operations are proceeding on the field with a pilot project to provide additional information about the West White Rose field that is part of the White Rose Extension. The operator completed two pilot wells in 3Q 2011, with water injection support expected to come on-stream late in 2011. The subsea development will connect to the SeaRose FPSO, which has a storage capacity of 940,000 barrels of oil. The White Rose field is located about 217 miles (349 kilometers) east of St. John, Newfoundland.
Project Details: White Rose
N. America – US GOM
Anadarko Sanctions Lucius Development in GOM
Dec 15, 2011 – Anadarko has given the green light for the development of the deepwater Lucius development in the GOM. The development plan calls for six producing wells connecting to a truss spar with a production capacity of 80,000 bopd and 450 MMcf/d. The spar is currently being constructed at Technip’s facility in Pori, Finland. Drilling will begin in 2012 with first production slated for 2014.
Project Details: Lucius
Subsea 7 Scores Two GOM Contracts
Dec 12, 2011 – Subsea 7 received two engineering and installation contracts from Shell for the Cardamom and West Boreas projects in the GOM. The company’s scope of work on West Boreas is the installation of a 20,000 feet (6,096 meter) long umbilical, as well as subsea distribution hardware for the field. Installation will occur in water depths of up to 3,146 feet (959 meters) in the Mississippi Canyon block area. For the Cardamom project, the company will install a 30,400 feet (9,266 meters) long umbilical plus subsea distribution hardware for the field in water depths up to 2,999 feet (914 meters) in the Garden Banks block area. Subsea 7 will use the Skandi Neptue construction vessel for both projects. Both oil fields are slated to commence production in 2013.
Project Details: Auger
ATP Succesfully Tests Clipper Well
Dec 12, 2011 – ATP has successfully completed and tested the second Clipper well on the field in the deepwater GOM, which flowed at rates of 9,000 Bbls per day and 4.6 MMcf/d. This well, combined with the first Clipper well, brings the total test rates to about 13.7 MBbls of oil per day and 50.2 MMcf/d of natural gas or 22 MBbls equivalent per day. The well logged about 56 feet (17 meters) of net oil pay, confirming reserves previously booked. ATP has hired a pipeline lay barge for the Clipper wells until 3Q 12, and will tie-in both the GC 300 No. 4 and No. 2 wells to the Murphy Oil-operated Front Runner production facility. Clipper No. 4 is located at Green Canyon Block 300, and resides in 3,450 feet (1,052 meters) of water. ATP operates Green Canyon block 300 with a 55 percent working interest.
Project Details: Clipper
Noble to Appraise Gunflint
Dec 12, 2011 – Appraisal operations should commence on the Gunflint discovery in the near future. The operator plans to use the ENSCO 8501 (UDW drillship) to appraise the find to help determine the resource range of the discovery before final development planning and sanctioning of the field occurs. A discovery was made on Gunflint in October 2008. Noble Energy operates the oil discovery, which is located on Mississippi Canyon Block 948 in the GOM.
Project Details: Gunflint (Freedom)
S. America – Other & Carib.
Kosmos Enters Suriname Acreage
Dec 14, 2011 – Kosmos Energy has signed two Production Sharing Contracts with Staatsolie Maatschappij Suriname N.V., the national oil company of Suriname, for Blocks 42 and 45 offshore Suriname. The two blocks span nearly three million gross acres, in water depths of between 650 and 8,500 feet (198 and 2,591 meters). Block 42 covers 1.5 million acres and Block 45 extends 1.3 million acres. Drilling has not occurred in either block. In the initial exploration phase under each of the contracts, Kosmos plans to acquire 3D seismic data. First drilling is targeted for 2014. Kosmos will wholly own and operate both blocks, making it the first acreage acquired by the company outside of West Africa.??
CGX Energy Preparing to Drill Eagle-1 in 2012
Dec 13, 2011 – CGX Energy plans to spud its Eagle-1 prospect in the Corentyne Petroleum License in 1Q12. The well has a proposed depth of 14,000 feet (4,267 meters) and will be drilled by the Ocean Saratoga (mid-water semisub).
Rockhopper Hits Again in Falkland Basin
Dec 13, 2011 – Rockhopper Exploration has made its third discovery in the north Falkland Basin. The 14/15-4 well penetrated multiple reservoir targets: Beverley, Casper South, Casper and Sea Lion Main Complex. A recently performed wireline logging and formation test have indicated that all four targets are hydrocarbon-bearing, and no water wet sands were observed in the well. The well also encountered hydrocarbons in the Beverley and Casper South reservoirs. The well penetrated the Beverley prospect near the crest of the structure. The gross reservoir package of 89 feet (27 meters) was approxiametly 33 feet (10 meters) thicker than prognosed, while net gas pay was 85 feet (25.8 meters). However, an analysis of mud logs indicates the gas is likely to be a wet gas. Rockhopper believes that the gas/oil contact observed in Casper at well 14/10-9 and Casper South at well 14/15-4 is likely to exist in Beverley. As a result, the company believes Beverley may be oil-bearing downdip. Furthermore, it was discovered that Casper South has a separate fan lobe, to the south of and apparently in communication with the Casper fan, which the company mapped to extend over an area of greater than 100 square kilometers with significant down-dip oil potential. The well also penetrated the Sea Lion Main Complex, about 7.5 miles (12.1 kilometers) from the 14/10-2 discovery well, 4 miles (6.3 kilometers) to the south of well 14/10-9 and 8.5 miles (13.8 kilometers) from the northern most successful appraisal well 14/10-7. Rockhopper believes the well is close to the southernmost limit of the Sea Lion field and at the outer edge of its former maximum case area. Rockhopper will now complete a short offset sidetrack to obtain core in the Beverley, Casper South and Sea Lion Main Complex formations.??The company earned a 60 percent interest through the drilling of the well, which was previously controlled by Desire Petroleum.
Project Details: Sea Lion
Repsol Commences Exploratory Drilling Offshore Guyana
Dec 12, 2011 – Repsol has spud the Jaguar prospect offshore Guyana using the Atwood Beacon (400 feet ILC). The high-pressure, high-temperature well is located in the Georgetown Block near the border with Suriname. The well has a proposed total depth of 21,325 feet (6,500 meters) with drilling operations expected to last six months. Partners in the Georgetown Block are Repsol (operator, 15 percent); YPF (30 percent); Tullow Oil (30 percent); CGX (25 percent).
Australia
Chevron Hits Gas Pay in Vos-1
Dec 15, 2011 – Chevron has made a natural gas discovery in the Exmouth Plateau area of the Carnavon Basin, offshore Western Australia. The Vos-1 well encountered about 453 feet (138 meters) of net gas pay. Chevron stated that this is the 12th offshore discovery made in Australia since mid-2009. Vos-1 reached a depth of 12,461 feet (3,798 meters) in a water depth of 4,869 feet (1,484 meters). Chevron operates the WA-439-P permit with a 50 percent interest with Shell holding the remaining interest.
Apache Plugs, Abandons Hannah-1
Dec 13, 2011 – Apache plugged and abandoned its Hannah-1 well after the well came up dry. The primary target was intersected at 3,937 feet (1,200 meters), but significant hydrocarbons were not present in the reservoir. The well reached total depth at 4,488 feet (1,368 meters). The well is located in permit TP/8, about 11 miles (18 kilometers) east of Barrow Island. TP/8 joint ventures consist of Apache (operator, 68.50 percent), Kufpec (19.27 percent) and Tap (12.22 percent).
Project Details: Hannah
Europe – North Sea
BP Delays Skarv Production Date
Dec 15, 2011 – PGNiG, a partner in the Skarv development, says that production from the field will defer from the first quarter 2012 to the second quarter 2012. The consortium has rescheduled the installation work, and says that this will significantly reduce the need of the planned stoppages in production in 2012. Natural gas production for 2012 was revised and forecasted at .211Bcm, instead of the previously reported .240 Bcm. Production of crude oil (including Natural Gas Liquids) in 2012 is estimated at 180 thousand tonnes, instead of the previously reported 250 thousand tones. Located in the northern part of the Norwegian Sea, the Skarv/Idun unit consists of two separate fields, situated in water depths of 1,148 to 1,476 feet (350 to 450 meters). The unitized equity of the project, which BP serves as the operator, is BP (24 percent), Statoil (36 percent), E.On Ruhrgas Norge AS (28 percent), and PGNiG Norway AS (12 percent).
Project Details: Skarv/Idun
Providence Encounters Notable Gas Shows in Barryroe
Dec 14, 2011 – Providence Resources announced that well 48/24-10 has encountered notable gas shows in the PSE Seven Heads Limited operated gas reservoir, which overlies the Barryroe oil discovery. The well has reached section total depth of 4,038 feet (1,231 meters) true vertical depth subsea, with the key geological horizons encountered close to the pre-drill depth prognosis. Following casing of this section, the well will be drilled through the underlying primary and secondary Barryroe oil reservoir targets to a TD of 7,464 feet (2,275 meters) TVDSS.??The GSF Artctic III semisub is drilling the well. Barryroe is located in 328 feet (100 meters) of water about 31 miles (50 kilometers) offshore Ireland in Standard Exploration License (SEL) 1/11. Providence operates the license with a 50 percent interest.
Project Details: Barryroe
Valiant Progresses with Causeway Development
Dec 14, 2011 – Project execution for the Causeway development is progressing with all of the long-lead items now ordered with main contracts in place. First oil is anticipated to commence in the second half of 2012. Causeway is located on Blocks 211/22a and 211/23d in a water depth of 350 feet (107 meters) in the UK sector of the North Sea.
Project Details: Causeway
Petrofac Finalizes Don Work Program
Dec 14, 2011 – Petrofac and Valiant Petroleum are currently finalizing the Don Area work program for 2012. The scope of work includes a new production well on Don Southwest, a new water injection well on West Don and a sidetrack of an existing West Don production well, which is currently shut-in. Don Southwest is located on UK Block 211/18a roughly 6 miles (9.5 kilometers) away from the UK/Norway median line. The field is 60 percent owned by Petrofac, serving as operator; Valiant owns the remaining 40 percent interest.
Project Details: Don Area
Premier Plans to Commence Drilling on Bluebell
Dec 13, 2011 – Premier plans to spud the Bluebell exploration prospect by year-end. Canadian Overseas Petroleum Limited, who entered a farm-in agreement with Premier last year, said a drilling vessel has been contracted. The well has a target depth of 7,550 feet (2,300 meters) to evaluate the Paleocene anomaly. Bluebell is located on UK Blocks 15/24c and 15/25f.
Project Details: Bluebell
Suncor Proposes to Drill Romeo in 3Q12
Dec 12, 2011 – Suncor Energy plans to drill a well on the Romeo prospect, a HPHT well, in 3Q12. The Romeo prospect is considered a small, rotated Upper Jurassic fault terrace on the flank of the West Central Graben. The prospect lies in Block 30/11c, which covers an area of 11,738 acres (47.5 square kilometers) and is located in the UK sector of the North Sea. The water depth of the site is 280 feet (85 meters). Suncor Energy operates the block.
Ithaca Updates Ops on Athena Development
Dec 12, 2011 – Ithaca Energy announced that conversion operations on the Athena FPSO is still underway, however, the conversion scope has proved to be more extensive than previously thought. BW Offshore, the party responsible for the conversion, and Dubai Dry Docks have completed a fast-track engineering project to deliver the vessel close to the original schedule. Additional work is being performed to ensure that production is not delayed once the vessel is moored on the field, stated the operator. Once the vessel leaves Dubai, it will sail to the North Sea and hook-up to the pre-installed production buoy. In-field commissioning will be minimized by the comprehensive dockside commissioning being undertaken in Dubai. It is anticipated the vessel will sail from Dubai in early 2012. Furthermore, installation of subsea equipment has progressed well and remains within schedule; and all development wells are ready for production. The Athena field lies on Block 14/18b in 440 feet (134 meters) of water. Ithaca Energy serves as the operator of the field, holding a 22.5% interest; Dyas UK Ltd. holds 47.5%; EWE holds 20%; and Zeus holds the remaining 10% interest.
Project Details: Athena
ConocoPhillips Hits Gas Pay in North Sea
Dec 12, 2011 – ConocoPhillips has discovered gas in wildcat wells 7/11-12 S and 7/11-12 A on the Peking Duck field in the Norwegian sector of the North Sea, about 12 miles (19 kilometers) southwest of the Ula field. The objective of well 7/11-12 S was to prove petroleum in Triassic reservoir rocks. A 131-foot (40-meter) gross gas column was encountered in Jurassic age reservoir rocks, but the reservoir quality in Triassic rocks was poorer than expected. The objective of the sidetrack, drilled higher in the structure on a separate segment, was to prove petroleum in Upper Jurassic rocks and in Triassic rocks. The well encountered a 112-foot (34-meter) gross gas column in Jurassic rocks with poorer reservoir quality than expected. ConocoPhillips needs to further evaluate the well results to calculate the size of the discovery. ConocoPhillips is the operator of Production License 301 CS, holding a 22% interest. The other licensees on the field include OMV (30%), Dong (28%), and Talisman (20%).
Project Details: Peking Duck
Mediterranean
NZOG Farms-In to Tunisian Concession
Dec 14, 2011 – New Zealand Oil & Gas signed an agreement to acquire a 40 percent stake in a Tunisian concession containing the Cosmos South oil field. The Cosmos Concession is located in the Gulf of Hammamet, offshore Tunisia. The concession was held by a joint venture consisting of Storm Ventures International (80 percent, operator) and L’Enterprise Tunisienne d’Activites Petrolieres (20 percent). Storm, a wholly-owned subsidiary of Chinook Energy, will reduce its share of the concession to 40 percent under the farm-in agreement. A development plan is being prepared, and if approved through a Final Investment Decision, NZOG will pay the first US $19MM of Storm???s share of the development costs. The development plan is based on three wells, a small platform and an FPSO, with initial production rates targeted at 15 to 20M barrels of oil per day. A decision on the FID is slated for mid-2012, and if approved, first oil production is anticipated for mid-2014. Independently evaluated proved and probable oil reserves of 6.3 MMbbl have been attributed to the Cosmos South Block, with the potential of additional capacity from adjacent lobes. These reserves will be further assessed before the submission of the FID. The discovery was made in 1983, with a smaller adjacent discovery made in 1985. The water depth of the site is 394 feet (120 meters).
S. America – Brazil

OGX Plans to Flow Oil from Campos Basin in 1Q12
Dec 15, 2011 – OGX has pushed the date of first oil back from the OSX-1 FPSO until January. The company expects the FPSO and offloading tanker to leave the port of Rio de Janeiro on Christmas day, and anticipates for production to commence on January 23. Furthermore, preparatory work in the Waimea field was carried out. The Waimea field is located 37 miles (60 kilometers) off the coast of Rio de Janeiro in water depths ranging from 394 to 459 feet (120 to 140 meters).

The Netherlands: SBM Offshore Wins Contract for FPSO Oil Offloading System Supply

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SBM Offshore announces that the company has signed a contract relating to the Deep Water Oil Loading System required as part of an oil field development offshore West Africa.

The scope of work for SBM Offshore consists of:

  • *the engineering, procurement and supply of Oil Offloading Lines (OOL) and Fiber Optic Cables to be suspended between a FPSO and its Deep Water Export Buoy; the OOL will be based on the TrellineTM, a large diameter reinforced bonded rubber hose concept jointly developed between SBM Offshore and Trelleborg and previously supplied as part of various existing offshore developments;
  • *the offshore installation of the complete Oil Loading System (including the Deep Water Buoy) in the second half of 2013, using the Company’s installation vessel ‘Normand Installer’.

SBM Offshore N.V. is a pioneer in the offshore oil and gas industry. Worldwide, SBM Offshore has over 5,000 employees representing 47 nationalities, and ix present in 15 countries. SBM’s activities include the engineering, supply, and offshore installation of most types of offshore terminals or related equipment. In addition, SBM Offshore owns and operates its own fleet of Floating (Production) Storage and Offloading units. SBM Offshore has a track record of developing innovative, cost-effective solutions for the ever-changing needs of its Clients.

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