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Reef Subsea Secures Offshore Operations Contracts in West Africa

Reef Subsea has secured two contracts for offshore operations in the West Africa region with a combined value of more than US$15M (£9.8 Million).

The firm’s IMR and Construction division, based in Bergen, Norway, is working with two major oil and gas companies on the projects in The Republic of Congo and Equatorial Guinea.

For both projects, Reef Subsea, which also has a presence in Aberdeen, Houston, Mandal in Norway and Surrey and Stockton-on-Tees in England, is providing operational support using one of its subsea construction support vessel’s, Reef Larissa, which will perform structure installations, ROV & survey operations and commissioning support in water depths down to 1400 metres. In addition, onshore engineering will be delivered from Reef Subsea’s Bergen office. Reef Subsea will add to the operational competence and experience involved in the projects while ensuring the scope of work is carried out in a safe and efficient manner.

Tim Sheehan, Executive VP Commercial of Reef Subsea, said: “We are delighted to have been awarded these two contracts, which confirm our teams and assets are well adapted to subsea construction operations in deepwater worldwide. We have already worked in West Africa over the past few years, and are pleased to be operating in this region again to strengthen our reputation further.”

Ørjan Lunde, Managing Director of Reef Subsea IRM & Construction, said: “We are pleased to have secured these two projects in West Africa with blue chip operating companies. West Africa will be a key region for us in the future to meet our strategy to become a leader in field of life IRM & Construction services.”

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Gulf of Mexico: Seadrill Secures Contracts for Three Newbuild Drillships

Seadrill has received a commitment from a major oil company for new contracts on newbuild drillships West Auriga, West Vela and a third drilling unit currently in operation, which will be named later. The combined 3 rig package involves 19 rig years and a potential contract value of US$4 billion, including mobilization fees for the newbuild units.

West Auriga and West Vela are currently under construction at Samsung Shipyard in Korea. The newbuild units will commence transits to the Gulf of Mexico upon delivery from the yard, scheduled for late February and May 2013. Start-up of operations are scheduled for September and December 2013. The West Auriga and West Vela are the fourth and fifth drillships delivered to Seadrill by Samsung in the last 4 years. Each rig will be equipped with 1250 ton load capacity, an active heave compensated subsea construction crane and two 7 ram blow out preventers.

Alf C Thorkildsen, Chief Executive Officer in Seadrill Management AS, says, “The breadth and depth of this commitment from a major oil company is the result of our track record of delivering rigs on time, operating with a competent workforce and having the availability of a modern fleet. We are excited about the opportunity to further grow our fleet and operations in the US Gulf of Mexico, which we consider as one of the most cost effective drilling regions. In addition, the term of the contracts fits well with Seadrill financing plans including the potential use of MLP financing.”

Norway: Aker Solutions Secures Draupne FEED Contract

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Aker Solutions has won a contract from Det norske oljeselskap to conduct a front-end, engineering and design (FEED) study for the Draupne field on the Norwegian continental shelf.

The study will be carried out by Aker Solutions’ newly established engineering office in London, and delivered to the license partners in Q4 2012. The contract value is undisclosed.

“I am very pleased that Det norske has decided to follow on the pre-FEED contract with the award of the topsides FEED contract for the Draupne development. The Draupne pre-FEED was the first contract awarded to the re-established Aker Solutions engineering entity in London. The new award confirms the successful build-up of our London office,” says Valborg Lundegaard, executive vice president and head of engineering in Aker Solutions.

London

Aker Solutions in 2011 decided to re-enter the London engineering market. Only a few months after opening the new office in Chiswick Park, the company is once again becoming a significant player in the London market. The engineering office now counts 90 employees, and Aker Solutions expects to be around 200 people by the end of 2012.

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Draupne

The Draupne field is located to the west of Stavanger in the North Sea. The partners in the Draupne field have agreed with the partners in the Luno field on a coordinated development solution for the area. Draupne will be developed using a fixed platform with pre-processing, and the well stream will be transported from the Draupne platform to Luno for final processing and export to the markets.

Det norske is the operator and owner of 35 per cent of the Draupne license, together with Statoil (50 per cent) and Bayerngas Norge (15 per cent).

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