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OFFSHORE NEWS

Siri Subsea Storage Tank On Line in Q4

 Norwegian Energy Company (Noreco) in July 2014 produced 6 979 barrels of oil equivalents per day (boepd) on average and delivered an update on Siri platform production.

OFFSHORE NEWS

ROVing further every year

Kieran O’Brien, Infield Systems, UK, examines the growing importance of ROVs within the offshore oil and gas industry.

Work class ROVs are indispensable in the offshore oil and gas industry, working on a whole spectrum of life-of-field applications from exploration drill support to decommissioning of offshore infrastructure. There are over 1100 work class ROVs servicing the global market at present. Infield Systems’ ROV database (InfieldROV) divides these work class ROVs into three categories – light work, medium work and heavy work.

OFFSHORE NEWS

Archer RIG Set For North Sea Debut On £1.6bn Talisman Project

A modular rig by global supplier Archer is set to make its first appearance in the UK continental shelf after securing a £57million deal with Talisman Sinopec.

OFFSHORE NEWS

Drive For Deepwater Oil Set To Grow FPSO Spend By 138% Over Next Four Years, Say

 Spending on floating production systems could rocket over the next four years, a new report has claimed.

 

Energy industry analysts Douglas Westwood predict a 138% increase in FPS and FPSO expenditure by 2018, taking the market to around $99billion.

OFFSHORE NEWS

Crew Evacuated from Gulf of Mexico RIG After Well Runs Out of Control

 Safety crews are battling to regain control of a Gulf of Mexico well after an accident off the Louisiana coast late Friday night.

OFFSHORE NEWS

CNOOC Limited - Qikou 18-1 Adjustment Project Starts Production

 CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced today that Qikou 18-1 adjustment project has recently commenced production.

OFFSHORE NEWS

Technip and MMHE confirm their support to PETRONAS for the development of Block SK316

  Technip and MMHE confirm their support to PETRONAS for the development of Block SK316

 
Technip, in a joint venture with Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE)(1), has received confirmation from PETRONAS Carigali for a substantial(2) engineering, procurement, construction, installation and commissioning (EPCIC) contract for the development of two gas fields in Block SK316. Those fields are located approximately 180 kilometers North of Bintulu, Sarawak, at a water depth of 104 meters.
 

OFFSHORE NEWS

RIL-BP Announce New Deepwater Gas Condensate Discovery in Cauvery Basin

 Reliance Industries Limited (RIL) and BP announced a new gas condensate discovery off the east coast of India in the Cauvery basin.

 

The discovery, in the deepwater block CY-DWN-2001/2 (CYD5), is situated 62 kilometres from the coast in the Cauvery Basin and is the second gas discovery in the block. RIL is the operator with 70% equity and BP has a 30% share. Well CYIII-D5-S1 was drilled in a water depth of 1,743 metres, to a total depth of 5,731 metres, with the primary objective of exploring Mesozoic-aged reservoirs.

OFFSHORE NEWS

BP and CNOOC Sign Agreement for Third Deepwater Block In The South China Sea

 BP and CNOOC today signed a production sharing agreement for Block 54/11 in the deepwater Pearl River Mouth Basin, South China Sea. The block covers 4,586 square kilometres in water depths from 370 to 2,300 metres, and is close to BP’s existing deepwater interests in Blocks 43/11 and 42/05.

OFFSHORE NEWS

Ivoire-1X Exploration Well on Block CI-100 Encountered a Horizon with High-Quali

 Total announces that the Ivoire-1X exploration well, located in the western portion of Block CI-100 in 2,280 meters of water, encountered 28 meters of net oil pay in a series of about 100 meters of Cretaceous reservoirs. The oil in the abrupt margin geological play is light 35  API oil.


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