January/February 2021 Edition of Offshore Engineer Magazine


Geothermal Energy: A New Life for Old Offshore Oil Wells?

Page:12

Old offshore oil wells could be turned into geothermal energy producers under a plan by a new consortium. The group, The Aquarius North Sea Geothermal Consortium, is “actively” working with North Sea operators to see if old wells could be used to generate geothermal energy for existing platforms…

MARKET: Why Don’t OSVs Get Scrapped?

Page:16

The OSV sector will be reliant on a hitherto unseen amount of scrapping to balance the market, writes Gregory Brown, Associate Director – Offshore, Maritime Strategies InternationalThere is a consensus that an OSV market recovery will only be driven a supply side rationalization…

Market Report: FPSOs ... Charting the Path Ahead

Page:18

COVID-19 will continue to skew the floating production systems market for the coming 24 months, while buying power for a large portion of FPSO contracts will be centered in Brazil and Guyana/Suriname. These two areas are expected to account…

Plugging the Hole

Page:26

Sitting at 49% of the total cost of decommissioning, wells plugging and abandonment (P&A) has long been high on the hit-list on the decommissioning cost reduction agenda. It’s a task that has no returns on the cost to do it, and activity is increasing…

Reversing the Flow – Repurposing Wells for Carbon Capture & Storage?

Page:32

2020 is a year that’ll be remembered for many reasons. COVID-19 aside, it’s been a turning point for the offshore industry, one where net-zero solutions have been top of the agenda, including within well abandonment.Industry and regulators have…

COVID-19 Mitigation on Rigs & Ships

Page:38

Steve Lykins, President, Mako Industries, discusses the case for investing in Puradigm COVID-19 mitigation and monitoring technology onboard offshore rigs and ships.The creation of Mako Industries, a subsidiary of Mako Oilfield Services, is proof that every storm cloud has a silver lining…

Green Rigs: Collaborative Solutions for Greener Drilling Operations

Page:41

How teamwork between COSL Drilling and key suppliers Kongsberg and NOV has improved on previously record low emissions to deliver fuel and environmental savings of more than 25%.In 2020, after several years of developing energy-efficient drilling operations…


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