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

Awilco Drilling on 18 May confirmed the letter of intent it received back in February for the use of the semi-submersible WilPhoenix had developed into a firm contract with Shell. The operator requires the rig for an 18-well abandonment programme in the UK sector, starting in September. The letter of intent was originally reported as involving 450 days of work and Awilco hoped the contract would be firm until at least November 2019. However, the agreed contract covers a firm period of 330 days, plus options to abandon up to another eight wells .Awilco estimates the firm period is worth $38.3 million.

Contracts

Neptune Energy has awarded Rosenberg WorleyParsons an engineering, procurement, construction, installation and commissioning contract for a new topsides module on the Gjøa platform, in block 35/9, to handle throughput from Wintershall’s Nova development, a PDO for which was submitted to the Norwegian authorities on 16 May. Nova is planned to be developed with two subsea modules tied back to Gjøa for processing and export. The modification project, which will be led and executed from Rosenberg WorleyParsons in Stavanger, will last until 2021 and will require about 300 people at peak manning.

Licence activity

Serica Energy says it is committed to the proposed deal to acquire BP’s 50% stake in and operatorship of the Rhum field, in UK northern block 3/29, despite the reintroduction by the US government earlier this month of wider sanctions against Iran and certain deals with Iranian companies; Iranian Oil Company (IOC) holds the remaining 50% interest in Rhum. Serica last November announced an agreement to buy BP’s interest in Rhum, as well as its 36% stake in Bruce and 34.83% holding in Keith, both in block 9/8.  Serica says it is working closely with BP and IOC to evaluate the potential impact of the changes.

 

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