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Huisman to Deliver Well Intervention System for Helix’s Q7000

Huisman, a Dutch specialist in lifting, drilling and subsea solutions, has secured a new contract from Helix Energy Solutions Group, Inc. for the delivery of a Well Intervention System onboard Helix’s new build Semi submersible “Q7000”.

The system, which is based on Huisman’s proven Multi Purpose Tower (MPT) design, will be built by the Huisman production facility in China.

The fully integrated 800mt Well Intervention System will be capable of handling the Intervention stack, the high pressure riser and other components. The Huisman Multi Purpose Tower has the same functionality as a normal derrick but offers improved accessibility to the well center, which allows for new improved handling procedures that increase efficiency and safety. The superior accessibility to the well center and the small footprint of the MPT are ideally suited for well intervention and subsea installation services. Subsea equipment can be skidded into the well center from three sides, offering enhanced flexibility.

The active heave compensation hoist system of the MPT provides excellent means for safe landing of equipment at the seabed while the passive heave compensation system provides a safe and redundant means to supply top tension to the risers. A guide trolley, travelling the entire length of the tower, guides the subsea modules during lifting operations. The system also features multiple transfer hatches that can be used to move equipment into the well center, and a skiddable work floor covering the moonpool flush with main deck.

The skiddable work floor allows large subsea modules to be deployed, without the need for a raised work floor. When large objects need to pass the moonpool the work floor can be skidded aside. In closed position, the work floor is flush with the main deck, which significantly reduces HSE risks and improves equipment handling on deck.

In addition to the Well Intervention System Huisman will also supply a 150mt Knuckle Boom Crane and a 160mt Pedestal Mounted Crane. Previous orders from Helix, amongst others, the Multi Purpose Tower onboard the “Q4000”, “Well Enhancer” as well as the cranes for the “Q4000” and “Q5000”.

Press Release, October 09, 2013

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Q7000: Helix Orders Semi-Submersible Rig from Sembcorp Marine

Sembcorp Marine’s subsidiary Jurong Shipyard has secured a US$346 million contract to build a second semi-submersible well intervention rig for Helix Energy Solutions Group, Inc. (Helix), a market leader in subsea well intervention services.

Scheduled for delivery in mid-2016, the semi-submersible light well intervention rig will be built based on a design jointly developed by Sembcorp Marine Technology Pte Ltd (SMTP), a fully-owned Research & Development subsidiary of Sembcorp Marine, and Helix. Featuring the latest technology, the rig – named Q7000 by Helix – is an efficient purpose-designed platform with capabilities to perform a wide variety of tasks, including conventional and extended top hole drilling, subsea construction, decommissioning well intervention, coiled tubing operations and twin ROV deployment.

The Dynamic Positioning (DP) class 3 unit has the ability to operate in deepwater operations worldwide, including the North Sea and West of Africa.

William Gu, General Manager of Offshore Division said: “We are honoured that Helix has chosen to build their second semi-submersible well intervention rig with us. This repeat order is significant as it testifies as to their trust and confidence in our design and building capabilities in rigs with well intervention and subsea capabilities that are customised to meet this new growth segment of the market. We are committed to build on our partnership with Helix and to meet their stringent standards of quality, safety and reliability.”

Owen Kratz, Helix’s President and Chief Executive Officer, said: “We are pleased to work with our trusted partner Jurong Shipyard on this second unit of the semisubmersible well intervention rig, to be named Q7000.”

The above is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of Sembcorp Marine for the year ending December 31, 2013.

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VIDEO: Ulstein, NOV Present Next Generation Offshore Vessel

In the following video, National Oilwell Varco (NOV) and ULSTEIN present what they describe as the “next generation of modern offshore vessels.”

According to the caption of the video published on Ulstein’s YouTube channel “this is the standard for future offshore construction.”

The vessel platform used is the ULSTEIN designed Deepwater Enabler.

The 160.0 m long Deepwater enabler is a Multi-purpose Offshore construction vessel of a highly flexible design that can, according to Ulstein, be customized to meet client’s specifications and requirements.

The construction vessel is designed for various offshore operations. With a simplistic customization process it can be used to install and maintain offshore wind turbines, as well as for flex-lay, well intervention and slim hole drilling operations for the offshore oil and gas industry.

If February this year, Toisa placed an order for a construction vessel of the Deepwater Enabler design. The vessel will be built by South Korea’s Hyundai Heavy Industries.

See the video below:

BP Extends LWI Contract with Island Offshore

Island Offshore, a leading name in global Light Well Intervention (“LWI”) activities, has been awarded a major contract extension with BP Exploration Operating Company Ltd.

The two-year contract extension, covering 2014 and 2015, has been awarded to Island Offshore and the North Sea RLWI Alliance, which operates three monohull vessels specially designed for well intervention tasks. Island Offshore’s Island Constructor – a 120m long, 8,200 ton, state-of-the-art Ulstein built X-Bow vessel – will perform the scope of work for the client.

Commenting on the award, Robert Friedberg, Managing Director of Island Offshore Subsea, says: “We are delighted to continue our successful operations for BP. This is an important extension of a contract that has now been in place for 5 years.”

“It demonstrates the strength of the relationship we have built with BP and the excellent standard of service that Island Offshore, and its partners in the North Sea RLWI Alliance, have delivered.”

He continues: “We have acquired some unique experience working with the BP team in the harsh environments West of the Shetland, and we look forward to building on that in the future.”

The value of the new contract is approximately NOK 0.5 billion (USD 86.5 million) and includes options for NOK 0.75 billion (USD 129.8 million).

The North Sea Alliance was formed in 2004 to provide integrated wireline services to the growing subsea intervention market. The Alliance performs between 60-70 well interventions each year, providing services such as scale milling, gauging and logging operations, plug setting and re-perforating requirements. Island Offshore and the North Sea RLWI Alliance are currently the world leading riser-less wireline intervention,(“RLWI”), provider. To date the partners have performed close to 250 well interventions.

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Houston,TX: BP Hires Helix’s Q5000 Semi

Helix Energy Solutions Group, Inc. announced today that it has entered into a five-year contract with BP to provide well intervention services to BP in the US Gulf of Mexico with Helix’s deepwater well intervention semisubmersible vessel, the Q5000, currently being constructed in Singapore.

The contract is for a minimum 270 days each year and is expected to commence between April and August 2015 following the delivery of the vessel from the shipyard. The contract also includes a first right of refusal for additional days each year and an option to extend for two successive one-year terms.

“We appreciate the confidence BP has shown in our Company’s well intervention services, and look forward to this integral step in further executing our business strategy,” said Helix President and Chief Executive Officer Owen Kratz.

Representing a $585 million investment, the dynamically positioned Q5000 will be a bigger version of Helix ESG’s proven Q4000 semisubmersible MODU.

Helix Energy Solutions Group, headquartered in Houston, Texas, is an international offshore energy company that provides key life of field services to the energy market.

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