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Vol. 225 No. 9 |
Tenaris S.A. has acquired Tubman International Ltd., a company that holds 84.86% of the equity of the Romanian company S.C. Silcotub S.A. and controlling interests in three minor subsidiaries. Tenaris paid US$42 million. Silcotub is the leading Romanian producer of small-diameter seamless pipes for OCTG and other applications and has an annual production capacity of 180,000 tons.
Schlumberger Information Solutions and Aspen Technology, Inc., have entered into a five-year alliance to provide the upstream oil and gas business with an advanced, real-time software solution that will provide operators with a continuous view of their assets, from reservoirs through to the processing facilities. A fully integrated model will link the reservoir, wells, surface infrastructure, process facilities and economic conditions into a single computer simulation environment that provides a common platform for field planning and real-time reservoir management.
Paradigm, a provider of advanced petroleum geoscience and engineering technology to the oil and gas industry, acquired the Petroleum WorkBench suite of reservoir software from Baker Hughes Inc. The software includes brand names such as the SimBest Black Oil Simulator and Comp5 Compositional Simulator, as well as the Interpret Well Test Analysis software and WBpvt Fluid Characterization program.
Fugro Robertson, Inc., has purchased C & M Storage, a data management company based in Schulenburg, Texas. C & M Storage will operate as Fugro C & M Storage. The company houses and indexes drilling well data and core samples for more than 60 oil and gas industry clients in the Houston and Gulf Coast areas.
Shell International Exploration and Production and Schlumberger Information Solutions announced an alliance for research and development of next-generation Smart Fields hydrocarbon development solutions. A joint team will focus on developing real-time workflows to connect people, processes and technology involved with field development processes. This creates new solutions that integrate the shared earth model with real-time production and drilling information in a risk-based distributed decision framework.
The government of the State of Qatar and ExxonMobil Qatar GTL Ltd, have entered into a heads of agreement (HOA) for the world's largest single, fully integrated gas-to-liquids project, worth about $7 billion. The facility would be built at the Ras Laffan Industrial City in Qatar. The term of the development and production sharing agreement will be 25 years from the start of production, expected to commence in 2011. ExxonMobil's investment will be 100% of the projected capital cost.
KOP's Houston Subsea and Controls has moved to a new facility located in Northwoods Industrial Park West in Houston, Texas. The size of the facility is 32,500 sq ft, of which 6,500 sq ft is office space and 26,000 sq ft is shop space. The Subsea Production service center has a climate control storage area as well as assembly and test areas for SEM, SCM and MCS control equipment. An adjoining 28,000-sq-ft fenced-in area is used for the secure storage of finished equipment and offshore installation tooling.
Baker Hughes Inc. is creating a new division – Baker Hughes Drilling Fluids. The new division will offer a complete line of drilling fluids, completion fluids, industrial fluids and fluids environmental services. These businesses were formerly part of the INTEQ division, which will continue to offer drilling and evaluation products and services.
Flowserve Corp. and Wood Group Gas Turbine Services Holdings, Inc., announced an alliance to deliver a wide range of field and shop-based services for the maintenance, repair and upgrade of pumps and related equipment throughout the US and Canada. This alliance enables both companies to meet the life cycle equipment support needs for their customers in the petroleum industries, including installation, commissioning, repair, service, overhaul and upgrade of pumps and related equipment, excluding electric submersible pumps.
Fellows Energy Ltd. signed a letter of intent to acquire from a private entity the operating management interest in 41 producing coal bed methane wells in the Powder River Basin in Wyoming including 126 wells in varying stages of development expected to come into production over the next year, as well as interests in nearby undeveloped acreage. Production from the 41 wells is in excess of 92 MMcf of gas per month.
Halliburton completed its first MWD real-time gyro service field test on a Gulf of Mexico well. Previously, wireline gyro singleshots or steering tools were used to drill in the presence of magnetic interference. Because Halliburton's Evader MWD real-time gyro service steered the well away from other wellbores without interruption by magnetic interference, the operator was able to avoid using a wireline tool. Sperry-Sun successfully performed the field test, which required the well to be kicked off and accurately steered away from two nearby wells. The total footage drilled was more than 2,000 ft, without running the wireline gyro singleshot, and with magnetic interference present for about half of the footage. The well path came within 6 ft of a nearby well.
Red Hawk, Kerr-McGee's deepest development to date, located in 5,300 ft of water on Garden Banks 877, started production on schedule from the first of its two subsea wells 24 months after sanctioning. Kerr-McGee operates Red Hawk with a 50%, and Devon Energy Corp. owns the remaining 50% interest. Production from the field, with an estimated 250 billion cubic feet of natural gas, is expected to ramp up to a peak of 120 MMcf/d after the second well is placed on production. The cell spar, a floating production facility, is the third generation of the spar systems developed by Kerr-McGee. Measuring 64 ft in diameter and 560 ft in length, the facility can be expanded to a production capacity of 300 MMcf/d. The design features six tubes surrounding a seventh tube, each 20 ft in diameter and connected by structural steel.
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