Equinor Receives Consent for Exploration Drilling in the North Sea

PSA have given Equinor Energy (Equinor) consent to drill exploration well 16/5-7 in production licence 502 in the North Sea.

Well 16/5-7 is to be drilled north-west of the Utsira High in the North Sea, south-west of Johan Sverdrup and north-east of Sleipner.

The well will have the following geographical coordinates:

58º 42’ 12.13’’ N

02º 31’ 08.81’’ E

Water depth at the location is around 105 metres.

Drilling is scheduled to begin in mid-May 2019 and estimated to last for 28 days.

The well will be drilled by Transocean Spitsbergen, which is a semi-submersible drilling facility of the Aker H-6e type, operated by Transocean Norway Operations AS.

Transocean Spitsbergen received Acknowledgement of Compliance (AoC) from the PSA in 2012.

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Mcdermott Wins Significant Contract with QatarGas for Work on 8 Offshore EPCI Jackets

McDermott bagged a significant contract, between U$ 50 to 250m, with QatarGas to work on eight Offshore EPCI Jackets

– McDermott to provide full suite of engineering, procurement, construction and installation (EPCI) services for facilities expansion

– Work includes eight new offshore jackets for Qatargas

– Award affirms McDermott’s operational expertise in the Middle East

McDermott International, Inc. (NYSE: MDR) announced today that , a large contract awarded from Qatargas for engineering, procurement, construction and installation (EPCI) for expansion of the North Field offshore facilities in the State of Qatar.

The contract for new facilities includes the full suite of EPCI services for eight new offshore jackets.

McDermott plans to use its project management and engineering teams in Doha, Qatar, with fabrication primarily taking place at McDermott’s facilities in Batam, Indonesia. Vessels Derrick Barge 50 and Derrick Barge 27 from McDermott’s global fleet are scheduled to undertake the installation and completions work, company said.

The work is expected to begin immediately and will be booked into McDermott’s second quarter 2019 backlog.

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Qatar Petroleum issues EPC tender for LNG expansion project

Dubai — Qatar’s state-owned Qatar Petroleum Monday invited bids for an engineering, procurement and construction contract on its North Field Expansion project.

The tender package has been issued to three EPC consortiums: one comprising Japan’s Chiyoda Corporation and France’s Technip, another comprising Japan’s JGC Corporation and South Korea’s Hyundai Engineering & Construction, and a third comprising Italy’s Saipem, Mcdermott Middle East and Taiwan’s CTCI Corporation.

The EPC contract includes building four new LNG mega-trains, which can also produce LPG, a helium plant and supporting infrastructure. The contract is scheduled to be awarded in January 2020.

The expansion project is part of Qatar’s vision to boost LNG output to 110 million mt/year by 2024 from 77 million mt/year now.

GULF GAS PLANS ACCELERATE

Despite a continuing rift in the Gulf that has seen a trading blockade imposed on Qatar, its gas expansion plans are pacing forward. The project has already attracted substantial market interest, and Italy’s Eni said earlier this year that it was interested in bidding for a stake in the project.

QP’s current LNG export plant is already one of the most dominant suppliers on the global stage, though newer projects in Australia and the US have eroded the country’s market share.

First output from the new planned trains is targeted for 2023, when the LNG market is expected to be significantly tighter following a spate of unsuccessful LNG projects that have been axed since the oil price crash in 2014.

Aside from LNG, Qatar continues to pipe gas to a number of its Gulf neighbours, despite the diplomatic crisis. Flows through the Dolphin pipeline continue to flow to the UAE, but there are plans within the Gulf to create its own regional gas network, which would reduce reliance on Qatari volumes.

The current plan under consideration will link up Saudi Arabia, the UAE, Bahrain and Kuwait, with plans to possibly extend onwards to Iraq.

Aside from Qatar’s plans to expand its gas position, a number of indigenous gas plans have also made progress in the region over the past year, most notably in Saudi Arabia, Bahrain and the UAE, which are all aiming to exploit unconventional gas sources, such as shale.

by Miriam Malek – S&P Global

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BP awards jackup EPC contract to CIMC Raffles

Energy giant BP has awarded an EPC contract to Chinese offshore yard CIMC Raffles for a jackup accommodation platform.

The EPC contract follows the yard securing a FEED contract from BP for the platform in October last year.

The platform, which will be capable of accommodating around 200 people, will be deployed near an FLNG at the Tortue/Ahmeyim field located offshore Mauritania.

In December last year, BP contracted Golar LNG for the provision of an FLNG vessel at Tortue/Ahmeyim field. The FLNG is currently under conversion at Keppel Shipyard.

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Saipem Lays First Offshore Pipeline in Albanian Waters

TAP’s first ever offshore pipelines in Albania were successfully pulled ashore on March 30. The pipeline head reached kilometer point 0, where the offshore joins with the onshore section, at 12:50 hrs, company said.

Saipem’s 139-meter long and 36-meter wide Castoro 10 pipelay barge now continues to lay pipes in Albanian shallow waters, to be followed by fibre optic cable installation and backfilling offshore and at the landfall.

TAP’s offshore section, linking the Albanian and the Italian coasts, is 105 km long.

The pipeline will be laid on the Adriatic seabed: 37 km in Albanian territorial waters,25 km in Italian territorial waters; and 43 km in international waters.

The deepest point of the pipeline will be more than 810 metres beneath sea level. Approximately 9,000 pipes, with a 36-inch diameter, will be used, weighing approximately 100,000 tonnes in total.

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Aker Solutions and FSubsea to Create FASTSubsea to Boost Subsea Oil Recovery

Aker Solutions and FSubsea have agreed to create FASTSubsea to help operators increase oil recovery in a faster, simpler and more environmentally friendly way.

Multiphase subsea pumping technology has the potential to increase oil recovery rates by more than 20 percent, but cost, space limitations and sometimes complex solutions mean multiphase pumps are installed in fewer than 30 of the world’s 1,500+ offshore fields.

With FASTSubsea, this is about to change. The new company combines Aker Solutions’ high-performance multiphase hydraulic technology with FSubsea’s game-changing Hydromag technology to create the world’s first “topside-less” multiphase boosting system.

The pump-module solution being developed by FASTSubsea can cut capex by half and enable subsea boosting at fields where there is no available topside space. Getting more out of existing wells reduces CO2-emissions per barrel.

“Creating FASTSubsea enables us to increase our speed to the market, reduce risk and reduce investment in multiphase test facilities,” said Alexander Fuglesang, CEO of FSubsea, who will take on the role of Managing Director of FASTSubsea.

“Combining Aker Solutions’ subsea systems expertise and multiphase test facility with FSubsea’s Hydromag technology and lean mindset will benefit both companies, said John Macleod, Aker Solutions’ Chief Technology Officer. “FASTSubsea has the potential to become a valuable addition to our portfolio of boosting recovery solutions.”

The agreement is subject to approval from the Norwegian competition authorities.

Boosting Subsea Boosting

The spread of subsea boosting technology has been hampered by cost and complexity. Conventional systems require a large amount of topside equipment on a platform or FPSO, including electric variable speed drives and supply systems for barrier fluid hydraulic oils. They also typically require several kilometers of hydraulic umbilicals between the pumps and the platform. This increases cost in the form of engineering and hardware spend.

The pump-module solution from FASTSubsea leverages FSubsea’s Hydromag(TM) technology, which is a unique combination of the world’s most powerful Permanent Magnetic coupling with an embedded hydrodynamic variable speed function, and Aker Solutions’ MultiBooster(TM) semi-axial impeller design, which has proven best-in-class pressure generation capabilities. This system has built-in variable speed function and is barrier-fluid-less, which reduces capex cost with up to 50 percent. It unlocks opportunities with platforms that have no additional topside space but still can reap the economic benefits of increased recovery with subsea boosting system.

Additional information about FASTSubsea:

Aker Solutions and FSubsea to each hold 50 percent of the outstanding shares

The Board of Directors consists of an equal number of Aker Solutions and FSubsea representatives

Alexander Fuglesang acts as Managing Director, Bastiaen van der Rest as Technology and Operations Manager

The company’s “topside-less” multiphase pump will be marketed towards subsea integrators and operators directly, as well as through Aker Solutions

FSubsea will continue to market Omnirise(TM) product range directly to the marketplace

Aker Solutions will continue to market LiquidBooster(TM) and MultiBooster(TM) product ranges directly to the marketplace

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Saipem Grabs up New Drilling Contracts Totaling 200 Million Plus

Saipem has been awarded new contracts in Offshore Drilling in Norway and Middle East totalling over 200 million USD.

One contract was signed with the German company Wintershall for the drilling of 2 wells plus 2 optional ones in continuity with previous engagements for operations offshore Norway. The contract will be executed by the sixth-generation semi-submersible rig Scarabeo 8, a drilling unit capable of operations in harsh environments. The rig is expected to be under operation until approximately the second quarter of 2020. With this contract, Saipem consolidates its presence in the North Sea-Norwegian Sector and extends its client base in Offshore Drilling to a new important player.

Furthermore, Saipem has been awarded one contract in Middle East. This involves a four-year extension of the use of the high specs Jack up Perro Negro 7. Perro Negro 7 is a self-elevating drilling unit capable of operating in water depths of up to 375 feet. Work commenced at the end of the first quarter of 2019. With this long-term commitment, Saipem strengthens and confirms its presence in a key area of shallow water operations and in a strategic market for the company overall.

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Global Industrial helps save on equipment and industrial supplies

Video credit Global Industrial helps businesses save on their equipment and industrial supplies. They make it extremely easy for businesses of any size to shop online using devices of their choice. From product research to procurement, they have experts to guide the process and ease of ordering anytime, anywhere when you are ready with your decision.

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