North Sea Reporter is an established and respected weekly publication which provides in-depth news and analysis of the NW European offshore oil and gas industry.
Paragon has confirmed a letter of intent from Perenco for the jack-up Paragon C20051 has been signed and transformed into a formal contract. Perenco has hired the rig for a seven-well abandonment programme in the UK sector, starting in April, which is expected to keep the rig active until around September. Paragon has another two rigs which have just started new contracts. The jack-up Paragon B391 is with Spirit Energy and about to start a well abandonment programme in the Markham field and the semi-submersible Paragon MSS1 is with TAQA also for abandonment work, primarily Pelican field, in UK block 211/26a.
Subsea 7, on behalf of Aker BP, has awarded Corinth Pipeworks contracts to manufacture and supply steel pipes for the Aerfugl and Skogul fields, in Norwegian Sea block 6507/5 and North Sea block 25/1, respectively. The fields are being developed as subsea tiebacks to the FPSOs on the Skarv and Alvheim fields. Both contracts comprise polypropylene coated steel outer pipes for pipe-in-pipe flowlines, with a 16-inch linepipe for a 21-km gas pipeline for Aerfugl and a 14-inch linepipe for an 18-km gasline for Skogul. The pipes will be manufactured in Corinth's pipe mill in Thisvi, Greece, for installation by reel-lay in 2019 and 2020.
Total on 8 March said it had completed the acquisition of Maersk Oil, making it the second largest operator in the North Sea, with around estimated reserves of around 1 billion barrels of oil equivalent and production of about 160,000 boed in 2018, ramping up to more than 200,000 boed by the early-2020s (NSR 465/21). The acquisition allows Total to reinforce its existing positions in the UK and Norway, as well as entering Denmark. Maersk Oil’s key assets include an 8.44% stake in the Johan Sverdrup field, off Norway, a 49.99% interests in the UK Culzean field and a 31.2% holding in the producing Tyra gasfield, off Denmark.
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