Kraken News

Kraken FPSO sets out for deep water

Oct 31, 2016

First oil on EnQuest's Kraken heavy oil field in the UK North Sea is on track for 1H 2017 after the floating production, storage and offloading (FPSO) vessel for the project set out for a deepwater anchorage.  Vessel operator Bumi Armada…

Kraken FPSO costs cut further

Sep 08, 2016

North Sea independent EnQuest has cut the cost of its Kraken heavy oil development in the North Sea by a further US$150 million, thanks to progress on the drilling campaign and subsea workscopes.  The cost of the development, which will see a floating production…

Keppel delivers the Floatel Triumph

Sep 30, 2016

Keppel Offshore & Marine subsidiary, Keppel FELS, delivered the Floatel Triumph semisubmersible to Floatel International, which will work on Chevron's Wheatstone, and INPEX's Ichthys Field, off Western Australia.  The Floatel Triumph is…

EnQuest Delek deal falls through

Sep 15, 2016

UK independent EnQuest's proposed deal with Delek Group over the sale of a stake in the Kraken development in the UK North Sea has fallen through. EnQuest said the two parties had been unable to reach an agreement and discussions have been terminated…

Keppel to deliver Bumi's Armada Kraken

Aug 29, 2016

Singapore-based Keppel Offshore & Marine is on track to deliver the Armada Kraken floating production storage and offloading (FPSO) vessel to Bumi Armada, marking the Malaysian oilfield service company's entry into the North Sea. The Armada Kraken…

EnQuest to farm out 20% of Kraken to Delek

Jul 18, 2016

EnQuest and Delek Group have signed a non-binding memorandum of understanding (MoU) to farm out 20% interest in the Kraken heavy oil development in the UK North Sea. The area is located in Blocks 9/2b and 9/2c in License P1575, approximately 350km northeast of the city of Aberdeen…

Cairn eyes another 500 MMbbl off Senegal

Aug 16, 2016

Independent explorer Cairn Energy is looking to restart drilling offshore Senegal 'shortly' with some 500 MMbbl extra resources in its sights, the firm said this morning.  The latest drilling program off Senegal, will include appraisal of the 'world-class' SNE discovery…

Going against the gloom

Aug 01, 2016

John Bradbury takes a look at activity in the North Sea – across Norway and the UK. Johan Sverdrup - an artist's impression. Image from Statoil. By the middle of 2016 it was evident…

Petrofac bags Bumi Angola gig

Jun 09, 2016

Petrofac has been awarded a three-year contract to provide a condition monitoring program for Bumi Armada’s Olombendo floating, production, storage and offloading (FPSO) unit bound for offshore Angola. Currently under conversion in Singapore…

EnQuest shaves costs off Kraken

Mar 17, 2016

UK-based independent has now cut US$425 million off its North Sea Kraken heavy oil development budget as it looks to continue reining in costs.  After initially shaving $300 million, or about 10%, off the project's original $3.2 billion costs…

Keeping it simple

Apr 01, 2016

Sometimes it’s not all about throwing the latest bells and whistles at a production facility – its best to keep it simple. Elaine Maslin looks at how an eductor has kept a gas field going. Seajacks’ Kraken working at the DPPA…

First Oil failure changes Kraken stakes

Feb 22, 2016

The failure of UK-based independent explorer First Oil has resulted in partners EnQuest and Cairn Energy increasing their stakes in the Kraken heavy oil field development.  First Oil had held 15% interest in the Kraken field in the UK North Sea…

Zennor completes North Sea acquisition

Mar 07, 2016

Zennor Petroleum has completed its acquisition of First Oil & Gas and Antrim Resources from the administrators of First Oil Expro. Zennor now takes over interests in the North Sea producing fields Mungo and Monan (License P059), Bacchus (License P255)…

Gibdock mobilizes Scylla jackup

Feb 23, 2016

Seajacks' latest newbuild self-propelled wind farm installation jackup unit Seajacks Scylla is to be mobilized at Gibdock in Gibralter. The unit was delievered to Seajacks by Samsung Heavy Industries at the end of 2015, and discharged…

FPSOs: On the horizon

Jan 01, 2016

While the oil price has sucked much wind out of the sails of the FPSO industry, work must go on.  And there are still quite a few projects lined up from 2016-2018. Infield Systems presents this list of conversion and newbuild construction projects…

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