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OE Activity: 2016 / March

OE Activity: 2016 / March (60)

Thursday, 07 April 2016 07:47

WellPerform buys Chris Dykes International

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UK-based well examination services firm Chris Dykes International has been acquired by Danish well management company WellPerform. 

Established by Chris Dykes in 2002, following a career with oil majors and the UK's Health and Safety Executive, the company provides well examination services to a range of oil and gas operators and service companies in the UK and overseas including Apache, Premier Oil, Centrica Energy, Centrica Storage Limited (Rough), Petrogas, Senergy, SPD and AGR.

The firm says the new regulatory environment created by the introduction of the EU Offshore Safety Directive, presents a significant European growth opportunity. 

The Directive requires all European countries to have existing and new wells examined by an independent competent person throughout the complete well life cycle, from initial design through to final abandonment. This has been a requirement for wells in the UK since 1996.

The acquisition by WellPerform, set up in Copenhagen in 2005 by Søren Lundgren Jensen, will enable Chris Dykes International to leverage this growth opportunity.

Chris Dykes International will continue to trade as a standalone organization with complete independence from the WellPerform well management business. 

Les Browne, former Operations Director at Applied Drilling Technology International Limited (ADTI), has been appointed as Managing Director of Chris Dykes International to work alongside Dykes and drive the growth strategy. 

Dykes will continue in his current role as Technical Director and Principal Well Examiner and it will be business as usual for all Chris Dykes International existing customers.

Les Browne, Managing Director said: “I am excited by the opportunity to work alongside Chris to grow the business while remaining focused on providing an excellent service to our customers. While Chris Dykes International and WellPerform will continue to operate as independent businesses, there are strong synergies and complementary services that will undoubtedly support the growth strategy.”

Dykes said: “This investment marks an exciting new chapter for Chris Dykes International, which will enable us to further strengthen and grow the business. I look forward to working closely with WellPerform and with Les, who brings more than 30 years of experience in well engineering, operations and service company leadership to the business.”

Thursday, 31 March 2016 15:21

Mermaid wins Thai subsea contract

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Mermaid Maritime’s Thailand subsidiary has been awarded a US$10 million subsea remotely operated vehicle (ROV) service contract in the Gulf of Thailand.

The scope of work includes, but is not limited to, structure and sea line inspection, free span correction, and corrosion prevention. The contract is awarded for a two-year term, starting from March 2016 to March 2018, with an option for one-year extension.

Mermaid will utilize its DP2 ROV support vessel Mermaid Sapphire along with a deepwater work-class ROV, plus associated equipment and specialist personnel for the job.

The firm said the contract is with a major oil and gas company.

Thursday, 31 March 2016 11:34

POSH Xanadu get Campos work

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Offshore marine services provider, PACC Offshore Services Holdings (POSH), has secured a one year contract for its POSH Xanadu semisubmersible accommodation vessel (SSAV). 

Under the terms of the contract, POSH Xanadu will continue to support the client’s oil and gas production activities in the Campos Basin. 

Designed for deep waters and harsh operating environments, POSH Xanadu can accommodate up to 750 pax. 

“Despite facing adverse weather conditions during certain periods over the past year, she was able to achieve 100% operational uptime even when all other floatels in the area had disconnected,” said Gerald Seow, chief executive officer of POSH. 

Besides housing accommodations, catering, recreational facilities and a hospital for crew on board, POSH Xanadu offers a wide range of workspace solutions such as conference rooms, modern workstations, workshops, warehouses and two large offshore cranes. She is certified by Det Norske Veritas as a “Clean Comfort Class” vessel, which is awarded to vessels that comply with stringent noise and vibration control requirements for crew comfort and as well as robust environmental emission standards.

Image: POSH Xanadu/ POSH

Wednesday, 30 March 2016 16:02

Vallourec gets ADNOC OCTG contract

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Vallourec, a provider of tubular solutions, has signed a contract with the Abu Dhabi National Oil Co. (ADNOC) to supply oil country tubular goods (OCTG) during the 2016-2018 period to its three operating companies (ADMA-OPCO, ADCO, ZADCO). This is the first time that a tender has been organized to supply all three operating companies, and represents the largest single OCTG contract, close to 100,000-ton, that Vallourec has received to supply the Emirate of Abu Dhabi.    

Vallourec will supply a full range of standard API and premium OCTG for both onshore and offshore oilfields, for applications ranging from conventional to complex wells. Included in the contract is the supply of high torque VAM connections for extended reach drilling and corrosion resistant alloy steels for sour service. Field running supervision and inspection will be provided by Vallourec.  

OCTG will be supplied from Vallourec's mills in France, Germany, Brazil and China.  

Wednesday, 30 March 2016 15:32

Aqualis lands Race Bank gig

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Offshore marine and engineering consultancy Aqualis Offshore has been contracted by A2SEA to perform engineering consultancy services for its offshore wind farm installation work at the Race Bank Offshore Wind Farm offshore the UK.

Aqualis Offshore’s London-office will provide engineering services including geotechnical and structural site assessments where A2SEA’s SEA INSTALLER jackup vessel will install the 91 Siemens 6MW wind turbines at the offshore wind farm. 

DONG Energy is the operator of the Race Bank Offshore Wind Farm, which is located approximately 16.8mi off Blakeney Point on the North Norfolk coast and 17.4mi off the Lincolnshire coast at Chapel St Leonards. The offshore array covers an area of approximately 29sq mi.

A2SEA, owned by DONG Energy and Siemens Wind Power, will provide offshore wind transport, installation and service solutions.

Wednesday, 30 March 2016 13:26

Marsol gains two Oman contracts

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UAE-based global marine solutions provider Marsol International has been awarded two contracts offshore Oman.

The first contract involves a single point mooring (SPM) change out, including the removal of the existing aging structures followed by installation of new buoys.

The second contract involves providing and managing all marine and offshore activities related to tanker loadings via an SPM offshore marine terminal, including marine works, vessels, equipment and manpower.

“We’re delighted to have secured these contracts in Oman, which allow us to utilize elements of our long-term asset integrity management service. By assessing the operational environment and integrity of assets, combined with our robust project management and engineering capabilities, we can retain and enhance the value of our customers’ assets,” Mike Young, Marsol director said.

Image from Marsol.

Wednesday, 30 March 2016 12:57

MX Oil Aje stake sale stalled

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GEC Petroleum Development Co. (GPDC) is delaying a deal with MX Oil to acquire 5% interest in the Aje field offshore Nigeria in order for the company to gather the appropriate funds for the sale.

GPDC is in the process of finalizing its funding to cover both the payments to secure its option and the initial payment due.

While the funding is taking longer than expected, GPDC has informed MX Oil that it is committed to this transaction and expects to have funds available in the coming days. 

Despite the delay, MX Oil said that it continues to believe that selling the asset to GPDC is an attractive option for the company's shareholders as the level of proceeds envisaged equates to a significant premium over the company's current market capitalization, and will allow GPDC additional time to put its financing in place. 

"GPDC has informed us that they are committed to this transaction and, despite interest from a number of other parties, GPDC's offer remains attractive.  Now that the final development expenditure to first oil has been fully covered, the company is well positioned to take the time to achieve the best result for this asset.  We are very pleased with the operational progress made in Nigeria and, given that first oil is now imminent, we are comfortable allowing GPDC a little more time to secure their funding,” Stefan Olivier, MX Oil CEO said.

Read more:


MX Oil sells Aje stake

The Cross Group has completed the engineering and design phase of its 7-3/8in 15,000-psi live well intervention package.

Utilizing technological advancements along with field-proven technology, the newly designed 15,000-psi subsea live well intervention package incorporates a one of a kind subsea convertible (riserless/riser) option that does not require surface recovery, the company said.  With a water depth rating of 10,000ft, the Cross 15,000-psi subsea intervention package is controlled by either full MUX or direct hydraulic controls.  Other features of the 15,000-psi subsea live well intervention package include a triple subsea BOP, safety shear, and an emergency disconnect.  The package is being built to the latest API specifications and will be completed early 2017.

“Our people have worked very hard over the past 18 months to complete the engineering and design phase of what we consider to be the most safe, user-friendly, and cost effective 15,000-psi subsea live well intervention package entering the market,” Heath Jones, Cross Group VP said. “We’re very excited as we move forward with the build phase and are eager to get to market.”    

Cross Group is an oil and gas services company with a primary focus on deepwater installation, recovery, and well intervention operations.  Cross Group supports the marine and offshore industry with a wide range of equipment, engineering, and repair support services.

Image from the Cross Group.

Wednesday, 30 March 2016 03:28

Oil & Gas UK publishes well guidelines

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Oil & Gas UK has published an update of its Well Life Cycle Integrity Guidelines.

The publication reflects recent changes in the regulatory environment, such as the requirement for well-operators and drilling contractors to integrate the management of both safety and the environment as part of the Offshore Safety Directive introduced in July 2015.

Oonagh Werngren, Oil & Gas UK’s operations director, said: “These guidelines produced by Oil & Gas UK’s Wells Forum collate current industry expertise and provide further clarification on how best to design a well and plan operations to assure well integrity. The aim is to help well operators and drilling contractors better understand how to select, install, verify, test, maintain and repair suitable barriers to reduce the risk of uncontrolled release of fluids throughout the life cycle of a well.

“A number of organizations worked collaboratively to update the guidelines including members of Oil & Gas UK, the Norwegian Well Integrity Forum, the International Association of Oil and Gas Producers Well Integrity Workgroup, the Department of Energy and Climate Change, Health and Safety Executive and the UK Onshore Operators Group.”

As part of the industry’s efforts to tackle its cost base and improve efficiency, the well integrity guidelines provide the sector with a common framework to outline good practice, reduce operational complexity and improve safety performance.

Tuesday, 29 March 2016 14:55

WJM bags first contract for MOSS V

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William Jacob Management Inc. (WJM) has secured its initial contract to complete the detailed engineering and design of its first mobile offshore support services vessel: the MOSS V.

Illustration of the MOSS V, from WJM.

The MOSS V will be under contract with Northport Marine, and will receive delivery of the new vessel, scheduled for completion in Q1 2018.

The MOSS V is a heavy-duty jackup drilling rig, converted to a self-propelled vessel. Potential applications include rigless plug and abandonment (P&A), construction support, floatel, storm damage repair, decommissioning, wireline, workover, support of a skid off rig and maintenance. WJM will provide the engineering design and construction management for the conversion and refit of a candidate vessel, several of which have been identified.

By removing pre-existing drilling equipment from the top deck during the conversion, a 10,000sq ft open deck serves to create a utility vessel that allows for the accommodation of a number of different services. The equipment below deck (pumps and tanks) is left in place, for potential use in P&A applications.

Typically, a standard jackup rig is equipped with two or three cranes with limited capacity of only 10 to 30-tonne. The MOSS V adds a new heavy-duty 500-tonne crane, which extends the vessel’s capability to comfortably handle platform maintenance, coiled tubing offloading, the decommissioning of platforms and the rigless P&A of wells. The MOSS V hosts a large 85-person living quarters, which means it can also jack up next to a platform and be used as a floatel.

The MOSS V is a far more robust vessel in comparison with smaller, lighter lift boats. Whereas existing lift boats can only work up to a maximum of 200ft water depth and cannot operate in heavy seas, the MOSS V is designed for 350-400ft water depth capability, and can endure substantial adverse weather conditions due to its size and weight.  

A 2000sq ft enclosed machine and welding shop is also located on the deck of the MOSS V. This means that workers can safely perform construction tasks for repairs in an environment shielded from the elements whilst offshore on the vessel. Another feature that enhances the safety of its workers is the inclusion of a helideck on the MOSS V. This means that workers can be safely transported on and off the vessel; eliminating the risks inherent with basket transfer of personnel typically used with smaller lift boats.

“In the current industry climate, an increasing number of plug and abandonment and decommissioning projects are coming online in the GOM, and the MOSS V is currently the only vessel sufficiently equipped to fully serve this target region,” Michael Duffy, WJM president said. “For an extremely competitive day rate, the MOSS V offers a unique set of multi-functional characteristics, eliminating the need for clients to hire multiple expensive vessels to perform various tasks, and delivering significant time and cost savings offshore. Its versatility makes the MOSS V a one-stop shop for a variety of offshore requirements.”

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