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

The CIMC Raffles-owned newbuild semi-submersible Beacon Atlantic has been hired by Neptune Energy for a firm six-well drilling programme in Norway which is expected to take around 400 days to complete. The contract also contains options for another 10 wells in Norway and the fixture will start in fourth-quarter this year. CIMC and Odfjell Drilling have agreed a four-year management deal that will see Odfjell manage and operate the Beacon on the owner’s behalf. The agreement also provides Odfjell with an exclusive right to buy the rig and then the right of first refusal on any offer CIMC receives to buy it after the exclusive period.

Construction 

Equinor has awarded TechnipFMC a contract, worth $75-250 million, for the fabrication and installation of the subsea production system (SPS) for phase two of the Johan Sverdrup, in block 16/2, off Norway. The SPS, the formal award for which is subject to PDO approval for phase two, will consist of five templates and a total of 18 xmas trees and associated components. Phase one of the development is scheduled to start up in November this year, followed by phase two in the fourth quarter of 2022. Installation of the topsides for the processing and utility/quarters platforms is planned to start this week.

Decommissioning

Apache is seeking approval from the UK authorities to decommission the Nevis NII subsea wellhead structure (WHPS), in UK block 9/13a. Decommissioning of the WHPS is being treated as a standalone project as part of the Garten installation campaign. Pipelines and stabilisation materials are not being decommissioned at this time. Subsea 7 has been contracted to undertake the workscope under an existing service framework agreement. Well P&A activities were completed on 24 April 2018. The structure will be recovered and returned to shore for re-use, unless its condition prevents it from being refurbished, in which case it will be recycled.

 

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