North Sea Reporter

Published by KL ENERGY PUBLISHING LTD.

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. 

Rig Market

Maersk Drilling and Wintershall have extended a co-operation arrangement in a new agreement which will last until June 2020. The agreement means Maersk will be used as a preferred contractor for Wintershall’s offshore activity, which covers closer co-operation on data use along with drilling efficiency. The arrangement has provided instant benefits for Maersk, as Wintershall has hired the Maersk Resolve for a firm three-month term, starting in January, for a well abandonment programme in the Dutch sector. Maersk also has received a new letter of intent for the Resilient which covers a four-month term starting in April 2019; the name of the client has not been disclosed.

Contracts

Maersk Supply Service on 31 October took delivery of the AHTS Maersk Mobiliser from Kleven in Norway. The vessel, the fifth in a series of six anchor-handlers built for Maersk, is a Salt 200 design and has an open deck space of more than 800 sq metres, with an additional covered deck space of 102 sq metres. It is equipped with a 450-tonne anchor-handling winch housed in an enclosed garage to protect the crew and the equipment in harsh conditions. It has Ice 1A classification and is equipped for oil recovery. The vessel will leave Kleven this week to mobilise for a future programme with a major Canadian operator for drilling support and ice management duties.

Licence activity

Serica has agreed deals with Marubeni and BHP under which it is acquiring additional stakes in the UK Bruce and Keith fields, in northern block 9/8, and associated infrastructure. Under an agreement with BHP, Serica is gaining a 16% interest in Bruce and a 31.83% holding in Keith on the same terms as the deals currently under way with BP and Total for an initial £1 million ($1.3 million) in cash. The deal with Marubeni involves a 3.75% stake in Bruce and 8.33% interest in Keith. The structure of the deal differs from the other three in that Serica will acquire Marubeni’s decommissioning obligations, but will receive in turn a cash sum of $1 million.

 

Weekly coverage includes:

  • Rig Market - contracts, dayrates and utilisation
  • Drilling – a round-up of North Sea activity  
  • Construction and engineering
  • Field development and production
  • Contract awards
  • Company news
  • Data tables of industry activity
  • Mediterranean & W. Africa briefing
  • News briefs