FMC Technologies, Inc. announced today that it has formed a joint venture with Edison Chouest Offshore LLC. The new company will be based in Houston.
Utilizing the subsea technologies, tooling and expertise of FMC Technologies, and the vessel, port logistics and ROV operations of Edison Chouest Offshore, the new company intends to provide integrated vessel-based subsea services for offshore oil and gas fields globally. Services to be offered by the joint venture include equipment intervention, riserless light well intervention, plug and abandonment and other services. The company’s objective is to provide cost-effective solutions to enhance the customer’s ability to initiate, maintain, and increase production from subsea field developments through efficient operations, innovative technologies and a broad inventory of vessels and tools.
”We are pleased to be working with Edison Chouest Offshore to expand the portfolio of subsea services offered by FMC Technologies,” said Tore Halvorsen, FMC Technologies’ Senior Vice President, Subsea Technologies. “This joint venture will provide integrated subsea solutions to address the growing needs of our customers to increase production and improve field recovery rates.”
”We look forward to working with FMC Technologies on this new venture,” said Dino Chouest, Vice President of Operations, Edison Chouest Offshore. “Their leadership in the subsea market combined with our expertise in marine transportation will bring new integrated technologies and operations to the development of subsea fields.”
|This week the SubseaIQ team added 2 new projects and updated 11 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.|
- Noble Energy Discovers Significant Gas Discovery Offshore Cyprus (mb50.wordpress.com)
- UK: Talisman Selects Helix Well Ops for Subsea Works on Its Assets (mb50.wordpress.com)
- Shell Awards Subsea 7 with Two Gulf of Mexico Contracts (mb50.wordpress.com)
- Worldwide: Project Field Development News (mb50.wordpress.com)
- USA: Shell Sets World Record for Deepest Subsea O&G Well at Perdido Development (mb50.wordpress.com)
|Worldwide Field Development News
Dec 2 – Dec 8, 2011
|This week the SubseaIQ team added 2 new projects and updated 17 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.|
- Well Enhancer en route to Africa for region’s first LWI project (mb50.wordpress.com)
- CGGVeritas’ Results Rise on High Demand for Seismic Equipment (mb50.wordpress.com)
- PGS to Start Seismic Survey at Corentyne Licence, Offshore Guyana (mb50.wordpress.com)
- USA: ConocoPhillips Allocates USD 14 Billion for E&P in 2012 (mb50.wordpress.com)
- Is the Industry Ready to Drill in the Arctic? Stena Drillmax Ice Nears Delivery (mb50.wordpress.com)
Aker Solutions in Aberdeen that it has received an order to manufacture and deliver a number of subsea control modules and topside power units as part of an 12,6 million contract with Dana Petroleum plc.
The company has signed a contract for the project management, engineering, procurement and construction of a number of subsea systems for the Western Isles Development Project on the UK continental shelf. It marks the first contract agreement between the two companies.
A total of nine subsea control modules will be delivered by Aker Solutions’ Aberdeen facility. The full scope of work will also see one master control system, one electrical power unit, one hydraulic unit, one subsea isolation valve panel, two topside umbilical termination units, two subsea distribution units, five electrical distribution boxes and 11 mounting bases delivered.
The work will also include offshore installation and commissioning support of all subsea control system equipment and Aker Solutions expects final deliveries will be made in second quarter of 2011.
Paul Griffin, Dana Petroleum’s UK Managing Director said “This is an exciting time for Dana as we strive to grow our business in the UK and internationally. The Western Isles development is a significant project for us and we’re pleased to be working with Aker Solutions to bring the field online, with first production expected in late 2014.”
The Western Isles Development Project is located 500 kilometres north east of Aberdeen and comprises the Harris and Barra reservoirs.
“We are very pleased to be awarded this important contract with Dana Petroleum. Not only does this contract allow us to utilise the full strength of our subsea offering, it also reinforces our position as a leading name in the subsea technology sector. We look forward to building a relationship with this new customer,” said Alan Brunnen, EVP Subsea within Aker Solutions.
Aker Solutions’ contract party is Aker Subsea Ltd.
- Norway: Aker Solutions to Supply Production Equipment for Brynhild Project (mb50.wordpress.com)
- Norway: Aker Solutions to Supply Production Equipment for Brynhild Project (mb50.wordpress.com)
- Norway-based Aker Solutions Increases its Middle East Presence with X3M Acquisition (mb50.wordpress.com)
To win the jobs war, America needs to be the best in the world not only at entrepreneurship and innovation, but also at customer science.
The country simply cannot win new jobs unless it uses the most advanced sciences in the world to create billions of new global customers.
Simply put, new global customers create new U.S. jobs. That’s why America needs to more than triple exports in the next five years — or continue on a downward slide. The battle for global customers will be the defining element in the new war for jobs and GDP growth.
Whoever sells the goods and services, and whoever owns the companies that own the customers, wins. The United States needs to average a minimum 10% annual increase in exports over the next 30 years to maintain its leadership of the free world.
The big advantage China has over the United States right now is that China wins customers with low prices. This strategy really can work — not great, but OK for a while — because as long as America invents the new products and innovations, it can produce them for the first iteration and create millions of great jobs. But when China evolves to understanding customers and their needs better than U.S. companies do, the United States loses its advantage.
If America allows China — or India or anyone else — to get further into behavioral economics and customer science than it does, the country will lose the jobs war. That is what Toyota, Volkswagen, and other automakers did to U.S. car companies.
They won by simply listening to customers better and then delivering what customers wanted at fair prices. America cannot afford to concede the science of customer insights or customer-centric innovations to China or any other foreign competitors or it risks losing to them. This is a “game over” moment for America.
Why? Because if those countries learn to provide better service and meet customers’ needs better, then customers won’t need U.S. retailers and supply chains to deliver products. China will set up its own retailers and supply chains, and God help America if that were to happen. Its best retailers, shops, banks, car dealers, restaurants, grocery stores, malls, and even movie theaters would be Chinese owned and controlled, which means that the best cash flows, margins, and stock values all become foreign owned.
There has already been a trend lately toward foreign-business takeovers, and the effects have been economically and psychologically devastating in headquarter cities. Belgian-based conglomerate InBev bought American icon Anheuser-Busch. When that happened, a little bit of St. Louis died. Brazilian-backed 3G Capital acquired Burger King, and a little bit of Miami died.
When a national oil company in Venezuela bought out CITGO, a little bit of Houston died. When the Arcapita Bank, formerly First Islamic Investment Bank, bought a majority of Caribou Coffee, a little bit of Minneapolis died. No question, when foreign companies take over American businesses, something changes. Americans feel somehow that they’re not what they used to be.
This might sound controversial to some Americans, but they should all love Walmart, no matter what particular beef they might have with the company. If it weren’t for Walmart eating up all the little corner grocers and hardware stores, the Germans, Japanese, French, and for sure the Chinese would have.
Somebody will come do it better. Walmart, Target, and Costco should be applauded for leading the way in reinventing retailing in America because if they hadn’t, foreign companies would have. Right now the big box stores are worried about the “dollar stores.” That’s great — Americans want Americans competing against other Americans.
The flip side of great performers like Walmart, Target, and Costco is poorly run companies. They’re job killers, especially in their headquarter cities. Local firms, big or small, that are bad with customers will be cannibalized by outside companies. The most dangerous outside companies, as far as your city is concerned, are foreign. Jobs appear in combination with customers and GDP growth and then again in combination with American ownership and control.
You might think I’m an advocate of protectionism. I am not. Quite the opposite, I am 100% pro trade, pro competition, and pro law of the jungle. By no means do I think America should erect barriers against foreign-owned companies.
Leaders have yet to learn that relationships trump price in almost all businesses, from hair salons to high-tech consulting.
The solution isn’t to avoid competition, but to take it head-on. Americans have to know more about American customers and all customers in the world than Europeans do, and especially more than the Chinese, Brazilians, and Indians do. The country that best knows the needs and preferences of all 7 billion customers will have a prohibitive advantage in winning the world’s best jobs.
Sure, companies should do a great job of executing Six Sigma, lean manufacturing, reengineering, TQM, and so on. These practices all work and are essential to winning, but they are no longer enough. I don’t know about your organization, but Gallup has squeezed the last drop out of most of these brilliant practices, all to its great benefit. But the low-hanging fruit of improving processes and efficiency has all been picked. What remains untapped is the incalculable opportunity within the emotional economy of customers.
In fact, one of the biggest blind spots in most American businesses is that they don’t realize how big the emotional economy is within their own customer base worldwide. The best corporate leaders in the United States are still unaware that they are leaving a great deal of money on the table through abysmal execution of the employee-customer links because they are so focused on the “hard numbers,” of which they have already squeezed every dollar to diminishing returns.
You and your teams can double and quadruple exports and foreign sales by increasing the number of your current customers who give you a 5 for partnership on a 1-5 scale. Let’s assume that 20% of your customers give you a top score, which is about the global average. By raising that number to 40%, you will experience record sales increases without spending a nickel more on advertising and marketing. You grow, America grows, jobs grow.
From my 40 years of studying customers, this represents the biggest missed opportunity of all organizational leadership — probably because it is easier for leaders to talk a good game and then at the end of the day, just cut their price, falling back to the rule of classical economics that every decision is rational, which is not true.
What customers at any level really want is somebody who deeply understands their needs and becomes a trusted partner or advisor. The business world fails at managing this one most critical behavioral economic variable more than any other, but it remains the lowest hanging fruit for organic growth for virtually all businesses.
Leaders have yet to learn that relationships trump price in almost all business circumstances, from hair salons to high-tech consulting. He who most deeply understands the customer’s needs tends to win and always gets the highest margins. That’s why talent and relationships can almost always beat low price — they inspire customer engagement. To measure customer engagement, these are the best 11 questions Gallup scientists have found to ask customers anywhere in the world:
CE1. Taking into account all the products and services you receive from them, how satisfied are you with (Company) overall?
CE2. How likely are you to continue to do business with (Company)?
CE3. How likely are you to recommend (Company) to a friend or associate?
CE4. (Company) is a name I can always trust.
CE5. (Company) always delivers on what they promise.
CE6. (Company) always treats me fairly.
CE7. If a problem arises, I can always count on (Company) to reach a fair and satisfactory resolution.
CE8. I feel proud to be (a/an) (Company) customer.
CE9. (Company) always treats me with respect.
CE10. (Company) is the perfect company/product for people like me.
CE11. I can’t imagine a world without (Company).
Interwell High Pressure High Temperature (HPHT) Mechanical Retrievable Bridge Plug. We have developed a bridge plug for the oil and gas industry. This is a demonstration of the HPHT Bridge Plug to be used in different applications such as Water Shut Off, Temporary Barrier Plug and Reservoir Well Intervention
THE world’s first high pressure (HP) retrievable bridge plug capable of withstanding a differential pressure of 15,000psi was today (Tuesday, 6 September) unveiled at Offshore Europe by high-technology well intervention specialist Interwell.
Interwell developed the ultra slim, 2.2” OD, HP bridge plug to provide a reliable barrier in extremely high pressure conditions.
The ISO 14310 qualified tool contains an innovative packer back-up design which both compresses and constrains the element, reducing the risk of extrusion in extreme conditions and enables its operation to 15,000psi.
“We have established a new standard with this tool as we are the only company in the industry to develop a plug which can withstand such high pressures and is fully retrievable after use,” says Interwell’s UK managing director, Andrew Louden.
“This tool is a significant development in terms of its global applicability in ultra-deepwater environments, and from our perspective is a further major design and engineering achievement in a portfolio which already includes the highest-expansion ultra-slim bridge plugs available.”
The ultra-slim design of the patented element back-up segments of the HP plug reduces the risk of deployment and retrieval through narrow wellbore restrictions, a crucial operational benefit in high pressure high temperature (HPHT) wells.
Efficiency is further enhanced by each plug taking just one run to set and one to retrieve, providing a reliable and cost effective solution for well interventions.
Jim Laidlaw, business development director at Interwell Aberdeen, says: “Intervening in deepwater and HPHT wells is very demanding. Our key design aim was to develop the slimmest HP plug solutions in the market whilst also minimising operational complexity in these challenging well conditions.
“With a range of plug sizes for 3-1/2” to 7-5/8 casings, the ultra slim HPHT plug design makes it an ideal barrier solution for wellbores with any form of restriction, allowing it to be deployed reliably to the desired depth.
“Our plugs have been designed so they can be used as both shallow and deep barriers, making them ideally suited to workover applications. They can also be used to anchor injection valves and equalisation devices.”
The tool can be run on slickline, e-line, coiled tubing or pipe and as with all of Interwell’s plugs and packers, it features a scale tolerant slip design ensuring that it adequately grips the casing.
Interwell offers some of the most advanced well barrier solutions available in the upstream oil and gas sector, and it is the world’s leading independent supplier of retrievable bridge plugs.
Its product portfolio has already successfully passed qualification testing in gas with very high pressures up to 15,000 psi and at temperatures up to 200°C. The company intends to continue developing plugs which can withstand more extreme conditions using its field proven design.
Each of Interwell’s portfolio of solutions can be tailored to solve individual project requirements with very short lead times, providing a rapid response for clients. Interwell also has in-house testing facilities where they can qualify plugs and packers to the ISO 14310 V0 standard.
In February 2011, the firm opened a new facility in Aberdeen as it embarked on an ambitious international growth strategy. The Aberdeen office has created 17 new jobs within the first 6 months of operations and expects to double in size over the next 12 months.
Ulstein Sea of Solutions is nominated for the Dutch HME Maritime Innovation Award 2011 for their SOC 5000 vessel design.
The SOC 5000 is a self propelled heavy lift crane vessel design, measuring 180,9 m by 46.4 m with a lifting capacity of 5.000 metric tons. Based on this design two customized versions have been developed which are currently under construction for Subsea Seven and Heerema.
The prize is presented annually to the most innovative maritime supplier of the Netherlands and will be presented at the Maritime Awards Gala that takes place on Thursday 3 November.
- Ukraine: Zaliv Launches Ulstein Design PSV Hull (mb50.wordpress.com)
- Norway: Ulstein Launches New Platform Supply Vessel for Blue Ship Invest (mb50.wordpress.com)
- The Netherlands: Norwind Installer and Ulstein Join Forces on New Offshore Wind Foundation Installation Vessel (mb50.wordpress.com)
- Polarcus Nadia Set for West Africa Work (mb50.wordpress.com)
- China: Sinopacific Group Delivers Ulstein Design OSV to Neptune Offshore (mb50.wordpress.com)
- Ulstein Unveils New Offshore Wind Installation Vessel (gcaptain.com)
The SX121 vessel is designed as state of the art multipurpose/intervention vessel with multiple usage functions – particularly well suited for deep water subsea intervention and well interventions.
Deck Area: 1470m2
Accommodation: 100 persons (40 single and 30 double cabins)
Deck Crane: 140t heavy compensated down to 2500m
ROV Systems: 2 x workclass to 3000m (Oceaneering)
Dead Weight: 8,700t
Speed: 14.5 knots
Well Intervention Depth: 2,500m