Premier Recasts First Oil for Tolmount, Seeks Acquisition Deal with BP
North Sea system now on track for completion in Q2 2021.
Artificial Intelligence Improves Business Outcomes for Offshore E&P
Despite streams of data being available on platforms about the condition of topside and drilling equipment, most experts agree that only a small fraction of such data is used. Whether for a fleet or single platform, AI can transform an offshore enterprise.
Shell Postpones FIDs on GoM and North Sea Projects
The deferments are the latest actions Shell has taken in response to record low crude prices.
North Sea Contracts Granted to European Companies Ardyne and Allseas
Ardyne’s North Sea long-term contracts were for 175 wells with possibly more to follow, while Allseas contract is for removal and disposal for the Valhall complex.
Oil Majors Seek Sustainable Power for North Sea Projects
North Sea operators BP, Shell, and Total have begun an effort to fuel their platforms using sustainable power sources through a connection with Norway’s onshore power grid, which is driven almost wholly by renewable energy.
Equinor Plans Extension of Statfjord Field
The plan will extend production of the largest field on the Norwegian Continental Shelf to 2040, while also deferring plans to decommission the Statfjord A platform. Statfjord A was originally scheduled to be decommissioned in 2022.
Petrofac Scores Deal To Establish North Sea Operation for Petrogas NEO UK
The deal comes months after the jointly owned Petrogas NEO UK acquired several UK North Sea assets, including a $635-million purchase of Total's stakes in various fields last July. The 2-year deal with Petrofac is valued around $50 million.
Premier Acquires North Sea Assets from BP, Dana
The company will shell out more than $800 million to acquire interests in the Andrew and Shearwater areas, as well as the Tolmount field, offshore Scotland.
Production Begins from Valhall Flank West
The unmanned development is expected to add 80 million BOE of production to the aging Norwegian North Sea field. Aker BP said it aims to produce 1 billion BOE from Valhall over the next 40 years.
Wood To Modify Platforms for Equinor's Floating Wind Project
As part of the contract, Wood will provide the topside modifications needed for the Snorre A and Gullfaks A platforms to integrate the Hywind floating wind park with existing systems powering the facilities. The platforms will be the first to receive electric power from floating wind turbines.
Offshore Wind: The New Frontier in Powering Platforms?
Offshore wind makes up less than 1% of the current energy mix, but analysts have it pegged as a potential trillion-dollar business in the near future. That growth presents an opportunity for operators to reduce costs and their carbon footprint through the electrification of their offshore platforms.
Ithaca Completes $2-Billion Deal for Chevron’s North Sea Assets
The deal, first announced in May, gives the Delek subsidiary 10 additional producing field interests in the UK North Sea, boosting its 2019 production by 300%.
First Oil From Johan Sverdrup Delivered to Mongstad Plant
Equinor, the operator of the Johan Sverdrup field, said that Mongstad will receive more than 30% of the total oil from the Norwegian Continental Shelf when the field is operating at full capacity.
Kongsberg To Build Digital Twin for Shell’s Nyhamna Gas Facility
As part of the $11-million deal, Kongsberg will establish a dynamic virtual representation of the plant, which serves as a gas processing and export hub for the Shell-operated Ormen Lange in the Norwegian North Sea.
Production Starts From Johan Sverdrup
Phase 1 of the North Sea megaproject—Norway’s largest offshore development since the 1980s—has come on stream. Johan Sverdrup is expected to produce 660,000 BOPD at its peak.
Equinor Awards Milestone Wireless Subsea Drone Contract
The $43-million deal with Saipem will utilize a wireless underwater intervention drone and an ROV for intervention work on the Njord field in the Norwegian North Sea. Equinor said the contract is the first ever from an operator for advanced wireless drone services.
Norway Approves Valhall West Flank Startup for Aker
Aker BP expects the unmanned facility, a further development of the Valhall field in the Norwegian North Sea, to recover 60 million BOE. Startup is expected sometime this fall.
Var Energi Seeks NCS Portfolio Boost From ExxonMobil Sale
With its $4.5-billion acquisition of ExxonMobil’s remaining portfolio on the Norwegian Continental Shelf now official, Var Energi says it hopes to realize its ambitious growth plans.
Kvaerner Eyes Boost in FPSO Construction Contracts
As part of a plan to increase revenue to more than $1 billion by 2023, the engineering and construction company is moving away from large offshore platforms with fixed substructures, saying that it expects to win and execute a series of FPSO projects in the future.
Perenco Receives Approval for Pickerill Decommissioning
With production declining and a nearby terminal closed, UK authorities have given the nod for decommissioning to begin on the aging North Sea gas field. Perenco has been in operation since 1992, with Perenco taking over as operator from BP in 2003.
BP Completes North Sea Drone Methane Monitoring Pilot
The pilot used sensor technology originally deployed by NASA for the Mars Curiosity Rover to collect methane emissions data live-streamed from a drone. BP said it plans to deploy the technology to all of its North Sea assets, including ETAP and Glen Lyon, in 2020.
Equinor Installs Templates for Troll, Other North Sea Fields
After seeing a significant increase in the price level for subsea equipment, Equinor says it is realizing the ways in which standardized subsea templates help build financial competitiveness. The new standard allowed for the installation of 14 templates in one month.
Johan Sverdrup Startup Approved
With Norwegian authorities giving the go-ahead for startup, oil shipments from the massive Equinor-operated North Sea field could begin as soon as October, one month ahead of schedule.
Subsea Pipelines, Umbilicals Installed for Nova Field
The completion of the subsea installation marks another major step for one of several projects scheduled to tie back to the Gjøa platform in the Norwegian North Sea. Production for the Wintershall Dea-operated project is expected to start up in 2021.
Swire Seabed Completes Autonomous Pipeline Inspection for Equinor
The subsea operations company said its most recent campaign is the first fully unmanned offshore pipeline inspection completed “over the horizon,” surveying up to 100 km from the shore.
Equinor Starts Up Mariner Field in North Sea
One of the largest industrial projects in the UK in recent years, Mariner marks Equinor’s first operated field on the UK Continental Shelf. It is expected to produce 70,000 BOPD at peak rates.
Equinor Gets Green Light To Start Up Utgard
The Norwegian Petroleum Directorate has given clearance to start up facilities at the North Sea field, which straddles the line between the UK and Norwegian sectors. Production is set to begin in September.
Neptune Gets Nod for Decommissioning of Juliet Field
The decision comes a year after Neptune stopped production from the North Sea gas field, and 4 months after it submitted decommissioning plans to the UK authorities.
Neptune Begins Subsea Installation Work on Duva Field
The Neptune-operated project is on track to start drilling later this year, with first oil scheduled for the end of 2020. The Norwegian North Sea field is expected to produce 30,000 BOE/D at its peak.
Johan Sverdrup Phase 1 Nearly Complete, Startup on Target
Lundin reports that the hookup and commissioning of installed facilities at the large North Sea field is progressing as planned. Phase 1 startup is still scheduled for November.
Total To Sell UK North Sea Assets to JV
The $635-million deal sees Oman-based Petrogas and Norwegian private equity company HitecVision acquire a package of non-core North Sea assets, including 100% ownership stake in four fields.
Neptune Gets Green Light for Pair of North Sea Tiebacks
Norwegian authorities approved development plans for Duva and Gjøa P1, both of which are expected to produce first oil in late 2020. The fields will each tie back to the Gjøa platform on the Norwegian Continental Shelf.
Shell’s Brent Bravo Platform Removed from North Sea
Bravo is the second of four platforms to be decommissioned and removed from the Brent field, following Brent Delta in 2017. The field has produced approximately 3 billion boe since 1976.
Supply Vessel Collides With Equinor North Sea Platform
The company evacuated 276 people on board Statfjord A after the collision, which happened in connection with loading operations. No injuries were reported, and the total extent of the damage on the platform is being investigated.
Hurricane Energy Produces First Oil From Lancaster Field
The field startup is Hurricane’s first step to actualizing its potentially considerable resources in the UK North Sea. Lancaster is expected to produce an average of 17,000 BOPD by the end of the year.
Equinor Targets 2022 FID on Rosebank Project
One of the largest pre-sanction fields on the UK Continental Shelf, Rosebank, could significantly bolster the company’s UK portfolio. However, the field’s water depth and harsh environment may run development costs into the multibillion-dollar range.
Equinor, Faroe Complete Norwegian Offshore Asset Deal
Equinor increases its stake in the Njord redevelopment project as part of the agreement, while Faroe gains Equinor's stakes in four Norwegian Sea and North Sea fields.
UK Offshore’s Big Challenge: Growing While Plugging More Wells Than They Drill
The outlook in the UK is a case study of the squeeze facing E&P in other basins where operators are trying to pay to sustain production with discoveries, while plugging and abandoning old wells, all paid for by the lean cash flow due to low oil prices.
Dawn of the Drone: A New Method for Delivering IRM Services Subsea
Subsea inspection/repair/maintenance services have traditionally relied on vessel-based, ROV, or diver operations. In the longer term, identifying significant incremental savings in these operations is not sustainable and an innovative approach deploying digital technologies is being investigated.
Equinor, Faroe To Swap Norwegian Offshore Assets
The deal gives Equinor an additional 7.5% ownership stake in the Njord redevelopment project and associated tiebacks in the Norwegian Sea, and potentially raises Faroe’s value in the midst of a hostile takeover attempt by DNO.
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24 April 2020