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.
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.
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.
Safety crews are battling to regain control of a Gulf of Mexico well after an accident off the Louisiana coast late Friday night.
CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced today that Qikou 18-1 adjustment project has recently commenced production.
Technip and MMHE confirm their support to PETRONAS for the development of Block SK316
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.
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.
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.