Companies in the news

The Veolia and Peterson partnership has been awarded two platform decommissioning contracts for recycling at Great Yarmouth, UK. The rigs are scheduled to arrive in Spring 2017. The contracts include the onshore receipt and disposal of offshore materials, as well as several assets for a major gas producer. The scope of work will include disposal options for several production and satellite platforms, presently found about 40 mi off the coast. Recycling, which is anticipated to begin this year, will take approximately four years to complete.

Statoil has awarded a contract to Aker Solutions for the hook-up of the riser platform at Johan Sverdrup field, offshore Norway. The contract, valued at NOK 900 million (approximately $107.5 million), will see Aker Solutions work with the subcontractor to join the platform’s seven modules. The modules are scheduled to be delivered during second-quarter 2018. The scope of work also includes planning, management and prefabrication. Work was scheduled to begin in February. 

Schlumberger has acquired Peak Well Systems, a company focused on the design and development of downhole tools for flow control, well intervention and well integrity. The tools are designed to enhance well performance through the use of SIM retrievable bridge plugs and disruptive technologies, which provide HPHT and tight gas zonal isolation, even in sour gas conditions. According to Schlumberger, the acquisition represents an opportunity to build on its existing production services portfolio.

Halliburton has signed an agreement with Shell Iraq Petroleum Development to provide drilling services for sustained production at Majnoon field in southern Iraq. Under terms of the agreement, Halliburton will mobilize three rigs to drill development wells and carry out workover activities over the next two years.

AccessESP’s rig-less ESP conveyance system has enabled the industry’s first pump swap on a commercial well. Through a live well intervention, the system allowed retrieval of the existing ESP and the installation of a new one, using a slickline unit, lubricator and crane. Through this process, time and risk associated with ESP resizing were reduced. The pump swap was executed for an operator on Alaska’s North Slope.

Xodus Group has won a contract with Apache for the delivery of subsea engineering services to two new infill well developments, Nevis and Skene fields, in the northern North Sea. The project includes the design and fabrication of spools, with no required metrology. The contract win follows a number of projects delivered to the operator over the past 18 months, including concept, FEED, and design studies for Beryl field’s Far North Triassic subsea tie-back.

A contract has been awarded to Danos for mechanical hook-up and commissioning (HUC) support services at the Hess Stampede tension leg platform (TLP), in the Gulf of Mexico. The deepwater field, which is found approximately 115 mi south of Port Fourchon, La., has estimated gross recoverable reserves between 300 MMboe and 350 MMboe. More than 100 Danos employees will be working on the project over the next 12 months. In addition to hook-up and commissioning, the company will provide project management, construction, scaffolding and coatings.

Cameron, a Schlumberger company, has signed two 10-year pressure control equipment management service contracts on behalf of Transocean. The contracts are valued at $350 million. The first contract will see Schlumberger manage Transocean’s Cameron risers in the Gulf of Mexico. This agreement includes storage, maintenance, inspection, repair, recertification and data-driven riser management on the rigs. The second contract will see Schlumberger provide a comprehensive suite of solutions to maintain and service BOP systems, as well as other pressure control equipment, for nine of Transocean’s ultra-deepwater rigs.

MISC Berhad has announced delivery of the second of five moss-type LNG carriers. Seri Cenderawasih, the second in the series, was ordered from Hyundai Heavy Industries Co. Ltd. and will serve as a long-term charter to Petronas. Along with its sister vessel, Seri Camellia—which was launched last September—the vessels are part of a new generation of the Seri C Class LNG fleet. The newbuilds are part of MISC’s long-term fleet expansion program, catering to Petronas’ energy transportation needs. 

Energean Oil & Gas has appointed TechnipFMC as the concept and FEED contractor for the Karish and Tanin development program, offshore Israel. According to Energean, the fields will take delivery of a fully integrated infrastructure through the agreement with TechnipFMC. With 2.4 Tcf of gas resources, the fields are reportedly to be developed using an FPSO unit.

Hawkwood Energy, an independent focused predominantly in East Texas, has acquired producing and non-producing assets from subsidiaries of Halcon Resources. The transaction, valued at $500 million, was expected to close in March 2017. Assets acquired include approximately 81,000 net acres, primarily in Burleson and Brazos counties. Gross production of 9,200 boed (80% oil) is reportedly being produced from 170 wells, largely from the Eagle Ford formation. According to Hawkwood, gross production from combined assets will equal about 14,500 boed (83% oil) from 260 wells in the Eagle Ford, Woodbine, Austin Chalk and Buda formations.

A contractual service agreement worth $180 million has been signed between GE Oil & Gas and Transocean. The agreement aims to further maximize productivity, as well as lower operating costs for Transocean. Under the contract terms, GE will deliver condition-based monitoring and maintenance for pressure control equipment on seven Transocean rigs over the next 10-12 years. According to the companies, this allows Transocean to enhance operations by actively planning and minimizing between-well maintenance.

Greenwell Energy Solutions, a completion and production services provider, has acquired Exclusive Energy Services. The acquired company offers automated, Data Acquisition System (DAS) mixing plants, which enable optimal chemical mixing and delivery for coiled tubing, workover and frac jobs. With the acquisition, Greenwell now operates 16 mixing plants, seven of which are equipped with data acquisition systems.