More than 700 offshore fields are expected to cease production in the next five years, according to forecasts. Elaine Maslin reports. Two major events appeared to fire the starting gun for the UK’s offshore decommissioning market to take…
Perforate, wash and cement technologies are offering operators an alternative to milling. Elaine Maslin reports. When OE headlined an article about plugging and abandonment (P&A) “Pain in the annulus” back in 2016, it was with just cause…
Reduced spending for oil and gas exploration is limiting availability of quality deepwater assets for merger and acquisition (M&A) deals, according to a new report by IHS Markit. This lack of deepwater asset inventory is challenging exploration…
Downhole sealing solutions firm BiSN has successfully completed its first North Sea project. The plugging and abandonment work in the Valhall field, offshore Norway, for Aker BP, used BiSN’s metal-to-metal downhole sealing solutions, BiSN (stand 6A21) told the SPE Offshore Europe Show Daily…
Aker BP is preparing to submit plans for development and operation (PDO) for three of its projects by the end of 2017, and for the North of Alvheim and Askja-Krafla (NOAKA) project in 2018. Valhall Flank West…
AkerBP has started plugging operations at the Valhall field, in what the company is calling a pioneer project that involves fully powering the Maersk Invincible drilling rig from shore. Image of…
Image of Olav Henriksen (SVP Projects, Aker BP, left) and Pieter Heerema (Projects, Allseas) at the signing ceremony in Stavanger 29 May 2017. Image from Aker BP. Allseas, via Excalibur Marine Contractors…
Aker BP has received consent to use the Mærsk Invincible jackup rig for plugging and abandoning wells at the Valhall field. Production from the Valhall DP is scheduled to end in the next few years. Three of the wells are still in production…
Kvaerner and Aker BP have signed a framework agreement that will see Kvaerner provide construction and hook-up of fixed offshore platforms, including topsides and steel jacket substructures. The first project of the deal is set to be the Valhall West Flank normally unmanned installation…
Valhall and Hod have passed 1 billion boe produced, more than three times what was expected at the opening of the field in 1982, Aker BP said. Image of Valhall, from Aker BP. Hod…
Recently formed Norwegian operator Aker BP has set out an ambition to discover a net 250 MMboe in reserves in 2016–2020. At a capital markets day, the firm said it is planning four operated exploration wells and three partner-operated exploration wells in 2017…
US independent Hess will increase its 2017 exploration and production (E&P) budget, turning its attention to activity offshore Norway, Guyana, and the Gulf of Mexico, the company announced on 12 January. Image from Hess…
Maersk Drilling has taken delivery of its fourth XLE jackup rig, the Maersk Invincible, from Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea. Maersk Invincible will now mobilize to the North Sea and will commence a 5-year…
Maersk Drilling has named its fourth XL Enhanced ultra harsh environment jackup the Maersk Invincible, on 14 October at a ceremony held at the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea. Maersk Invincible…
Scope reduction has been the key focus on Statoil’s Johan Castberg floating production project. Elaine Maslin reports. An illustration of the Johan Castberg field layout. Image from Statoil. Statoil’s…
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