Offshore Industry Archives
Statoil Farms Into A Cairn Energy Operated Exploration License Offshore West Greenland
Statoil has acquired a 30.625% working interest in the Pitu licence in Baffin Bay. The licence was awarded to Cairn Energy during the first Baffin Bay licensing round in December 2010.
Cairn will continue as operator and retains a 56.875% working interest while partner Nunaoil will retain its carried (pre-development) interest of 12.5%.
Nicholas Alan Maden, senior vice president in Exploration international in Statoil. (Photo: Ole Jørgen Bratland)
The Pitu licence lies immediately adjacent to the two Shell-operated licences, Anu and Napu, where Statoil has a working interest of 20.125% and 14.875% respectively.
“We are looking forward to exploring this new frontier opportunity in Baffin Bay together with our partners and in close cooperation with the Greenland authorities. The new licence increases the optionality in our arctic portfolio,” says Nicholas Alan Maden, senior vice president in Exploration international in Statoil.
The current work programme includes the interpretation of recently acquired seismic data. The first exploration period expires on 31 December 2014 and all initial work commitments have been fulfilled.
The partnership will evaluate the seismic data prior to making a decision on drilling an exploration well. Cairn will retain operatorship at this stage, while Statoil will operate any future development.
The agreement is subject to final partner and Greenlandic governmental approval.
In 1999, Statoil drilled an exploration well in the Fylla area west of Greenland. The company relinquished this exploration licence in 2002. Statoil is a member of the KANUMAS group in East Greenland.
Nova Scotia Offshore Awards Shell Exploration Rights
The return of one of the world's top five oil and gas companies to Nova Scotia's offshore will create good jobs and generate hundreds of millions of dollars of investment, Premier Darrell Dexter said on Friday, Jan. 20.
"This is an important milestone in the province's plan to reinvigorate interest in Nova Scotia's offshore," said Premier Dexter. "It's particularly good news for our world-class oil and gas supply sector."
The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) announced that it has
decided to award exploration rights to Shell Canada Limited for four parcels of deep-water land off Nova Scotia's southwestern shore.
Shell has committed to spend $970 million exploring those properties over the next six years.
"Shell was a pioneer in Nova Scotia's oil and gas industry, making our first offshore discovery in 1969," said the premier. "They are an excellent company with strong environmental, health and safety records, as well as significant experience drilling in deep waters. We are thrilled to have them as a partner in the responsible development of our offshore resources."
"We knew that lack of knowledge about the area's geology was a barrier to further exploration," said Energy Minister Charlie Parker. "We invested in world-class research and committed to sharing our findings with oil and gas companies around the world. We're seeing the results of that investment today."
Shell Canada said it is pleased with Friday’s bid round announcement.
"We welcome the opportunity to return to exploration in offshore Nova Scotia, where we have had a continued exploration and production presence for over 40 years, since our first exploration well in the province," said David Lawrence, executive vice-president, exploration and commercial, Shell Upstream Americas. "These new deepwater blocks represent an important addition to Shell's Global Exploration portfolio."
Premier Dexter also welcomed the news, but said there is still a lot to be done.
"We have to continue to build on the interest in exploring our offshore and then work for a significant discovery," said the premier. "But it's fair to say that offshore exploration is poised to join the Lower Churchill hydro-electricity project and the Irving ship-building contract as game-changers for the Nova Scotia economy."
Over the past three years, the province has invested $15 million of offshore revenues in an analysis to prepare a 350-page atlas of the offshore, available at www.novascotiaoffshore.com. The Offshore Energy Technology Association commissioned RPS Consulting and Beicep Franlab for the industry-standard analysis.
Dalhousie and Saint Mary's universities, Natural Resources Canada's Geological Survey of Canada, the Canada-Nova Scotia Offshore Petroleum Board and Department of Energy also contributed to the project.
The study calculated the province had potential reserves of 120-trillion cubic feet of natural gas and eight-billion barrels of oil.
"Nova Scotia's energy strategy is all about balance, and our offshore has an important role to play," said Mr. Parker. "We are dramatically increasing the amount of green, renewable electricity produced here at home, while exploring the responsible development of our oil and gas resources, consistent the jobsHere strategy."
Rolls-Royce To Design And Equip Seven Vessels For Brazil's Navegação São Miguel
Rolls-Royce, the global power systems company, has been awarded two contracts to design and equip seven vessels for Brazilian ship owner Navegação São Miguel Ltd. The contracts, for four oil spill recovery vessels and three bunker tankers, are worth £23 million to Rolls-Royce.
Anders Almestad, Rolls-Royce, President Offshore, said: “Rolls-Royce continues to win contracts in the competitive Brazilian market. These vessels combine a proven Rolls-Royce design with a range of mission critical onboard technology, which has been specifically designed for the demanding deepwater oil and gas market. Our innovative technology will help to ensure that offshore companies can deliver their challenging operations safely.”
The Rolls-Royce designed UT 535 E Oil Spill Response Vessels (OSRV) will be equipped to prevent environmental damage from oil spills and have the capacity to transfer recovered oil for proper onshore disposal.
Rolls-Royce will also design and equip three bunker tankers, which will be a new NVC 604 BT design and will supply fuel to ships offshore.
All seven vessels will be equipped with advanced Rolls-Royce technology to support effective maneuvering, cargo handling and safe operation. All vessels will be delivered before the end of 2014.
CTC Finishes Trenching for Kipper Tuna Turrum Gas Project in Australia
CTC Marine Projects, Ltd. ("CTC" or the Company), part of DeepOcean Group Holding AS, has announced the completion of its trenching work for the Kipper Tuna Turrum Project in the KTT Field located 45 kilometres offshore Victoria, Australia.
The work was undertaken on contract for McDermott Industries (Aust) Pty Ltd. The Company performed trenching of the recently installed hydraulic and electrical umbilicals located in 100 metres of water.
Prior to going offshore in late December 2011, CTC pre-assembled the A-Frame and CMR3 remotely operated trenching vehicle in Bell Bay, Tasmania, following its transportation from the UK. The trenching spread, which when transported weighed 112 tonnes over 10 units, was then mobilised onboard the client-operated vessel DSV Emerald Sea.
Following the completion of this project, the spread has been demobilised and is ready to commence further work in the APAC region.
"This project was another well planned and executed trenching job by CTC", says Pierre Boyde, Commercial and Business Development Director. "We currently have another trenching spread, the world's premier ROV trencher UT-1 on our Volantis subsea construction vessel working in South Korea, and we expect to remain active in this important APAC region."
Chevron Announces Further Natural Gas Discovery Offshore Australia
Chevron Corp. (NYSE: CVX) has announced a natural gas discovery by its Australian subsidiary in the Exmouth Plateau area of the Carnarvon Basin, offshore Western Australia.
“Satyr-3 represents our thirteenth offshore discovery in Australia since mid-2009. This recent discovery reinforces the quality and value of our Australian exploration lease holdings in the Carnarvon Basin.”
The Satyr-3 well encountered approximately 243 feet (74 meters) of net gas pay. The well is located 113 miles (182 kilometers) north of Exmouth in the WA-374-P permit area, and was drilled in 3,688 feet (1,124 meters) of water to a depth of 13,369 feet (4,075 meters).
George Kirkland, vice chairman, Chevron Corporation, said, “Satyr-3 represents our thirteenth offshore discovery in Australia since mid-2009. This recent discovery reinforces the quality and value of our Australian exploration lease holdings in the Carnarvon Basin.”
Melody Meyer, president, Chevron Asia Pacific Exploration and Production Company, said, “The Satyr-3 discovery adds to our Australian resource base, further supporting our long-term plans to position Chevron as one of the world's leading LNG suppliers.”
Chevron’s Australian subsidiary is the operator of the WA-374-P permit area and holds a 50 percent interest, with Exxon Mobil and Shell each holding 25 percent.
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