Amsterdam based Oil and Gas producer Oranje-Nassau Energie (ONE) announced the successful completion of the acquisition of a 50 per cent interest in the Sean field.
Major oil and gas companies, BG Group plc, BP plc, Eni S.p.A., Royal Dutch Shell plc, Statoil ASA and Total SA, announced their call to governments around the world and to the United Nations Framework Convention on Climate Change (UNFCCC) to introduce carbon pricing systems and create clear, stable, ambitious policy frameworks that could eventually connect national systems. These would reduce uncertainty and encourage the most cost effective ways of reducing carbon emissions widely.
Keppel FELS is on track to deliver three KFELS B Class jackup rigs to Mexican company, Grupo R, safely, on time and on budget.
Brazilian-state run oil company Petrobras has said that the drilling of the second well in Carcará area (Block BM-S-8), located at Santos Basin´s ultra-deep waters, confirmed the light oil potential in pre-salt’s reservoirs.
State-run CNPC’s unit PetroChina has reported that it has made the biggest tight oil discovery yet – in the Changqing oilfield in the western province of Shaanxi.
The Australian Government released 29 areas for offshore petroleum exploration in eight basins in Commonwealth waters under the 2015 Offshore Petroleum Exploration Acreage Release.
Early May Wintershall has submitted a Plan for Development and Operation (PDO) for the Maria field in the Norwegian Sea to the Norwegian Ministry of Petroleum and Energy. This is the first time Wintershall, as operator of the field, has submitted a PDO for a Norwegian development. Today, Martin Bachmann, Member of the Board of Executive Directors of Wintershall, handed the document to the Norwegian Minister Tord Lien.
“We are well on track on the Norwegian Continental Shelf. Making this investment decision to bring our own discovery Maria into production demonstrates our long-term commitment to Norway. Norway is a core region for us. And now Wintershall is moving its successful exploration portfolio towards development and production,” said Martin Bachmann: “We continue our growth strategy on the Norwegian Continental Shelf.”
The planned development solution for the Maria field involves two subsea templates located on the ocean floor tied back to several host platforms in the area. “By applying this innovative and cost-effective solution we make the development and production of the field possible – even in a challenging oil price environment. We are continuing to invest in profitable projects in our core business and core areas,” said Bachmann.
“This solution has clear benefits. By utilizing the existing infrastructure in the Haltenbanken area of the Norwegian Sea, the Maria partners have selected the most sustainable solution to realize the potential of the field,” added Bernd Schrimpf, Managing Director of Wintershall Norge.
Investments in the Maria development are estimated at around 15.3 billion NOK (100%), including development drilling. Recoverable reserves on the field are estimated around 180 million barrels of oil equivalent (boe), of which the majority is oil. The planned production start up for Maria is end 2018, and the estimated production period is 23 years.
The Maria field is located approximately 20 kilometres east of the Kristin field and about 45 kilometres south of the Heidrun field in the Halten Terrace in the Norwegian Sea. Wintershall Norge is the operator of the license with a 50% share. Petoro has a 30% share and Centrica Resources (Norge) owns the remaining 20%.
The UK Civil Aviation Authority has released a new set of proposals aimed at improving the safety of helicopter operations to the 116 normally unattended offshore installations in the North Sea.
The proposals released at the Offshore Helicopter Safety Action Group (OHSAG) build upon an independent report compiled by Cranfield University, commissioned by the CAA, aimed at providing a new strategy for operations to normally unattended offshore platforms.
According to a statement by the CAA, these proposals will be taken forward on a very short timescale by a joint industry working group, featuring the CAA, helicopter operators, offshore industry and pilot union representatives. Health and Safety Executive has also been invited to participate.
The work will focus on addressing the risk posed by fire following any incident involving a helicopter on the helideck of a normally unattended installation, where there may be no one on the rig to assist in fire suppression.
The new proposals are primarily aimed at preventing an accident or incident in the first place. This is fully in line with the group’s existing work.
An initial set of proposals have been put forward that either individually, or collectively, will meet the requirement to increase safety and survivability. These are:
• Helicopters will only be able to fly to unattended installations if they have full capability to fly safely on one engine following loss of power of its other engine.
• Helicopters will be equipped with fully crashworthy systems to reduce the risk of post impact fire.
• Changes to helidecks, such as the fitting of automatic fire fighting systems.
• The CAA said that a combination of all three of these options would be desirable. The work will be introduced in a short timescale.
An OHSAG working group will now be set up to investigate these options. The work will also tie in to ongoing OHSAG work aimed at improving pilot training and performance. This has already led to significant improvements in offshore helicopter safety, CAA has explained.
CAA Director of Safety and Airspace Mark Swan said: “The safety of the offshore flying has increased considerably over the past year. One area we want to focus on specifically is flights to unattended installations which, because there may be no one on the rig to assist following an accident, don’t have the same level of safety as manned rigs. We will therefore progress this work as a priority to ensure offshore workers flying to these installations have the highest levels of safety possible. We believe the initial proposals are both proportionate and achievable and will address the risk.”
BP has confirmed it has kicked off drilling on the Loyal field in the North Sea, using the new-build, semi-submersible rig Deepsea Aberdeen.
Abu Dhabi National Oil Co. (ADNOC) plans to invest more than $25 billion to lift production from its offshore fields over the next five years.
[Read more…] about ADNOC looks to boost offshore oil production