As decommissioning begins in earnest in the UK North Sea, the real cost of decommissioning is starting to be seen. Elaine Maslin reports on a study conducted to assess the increasing costs. The…
Oil and gas supply chain leaders need to drive “transformational change” to bring down costs before the multi-billion North Sea decommissioning program will start, a leading industry figure said. Supply chain companies in the East of…
Canada’s Antrim Energy entered into a contract with Offshore Installation Services (OIS) to permanently plug and abandon Antrim's four suspended subsea wells in the United Kingdom Central North Sea. United Kingdom Seaward Licenses require…
The plugging and abandonment (P&A) of offshore wells represents a significant cost to operating companies and national authorities. On the Norwegian Continental Shelf (NCS) alone, the cost is estimated to be US$108 billion (NOK 870 billion) during the next 40 years…
GE Oil & Gas and Enpro Subsea entered in an agreement to jointly market and provide fluid intervention services that offer oil and gas operators a cost-effective way to improve production rates in producing wells. The companies have signed…
Following up on last week's article on companies bracing for bankruptcies within the oil and gas industry, OE's Managing Editor Audrey Leon spoke with Charles Kelley and Robert Gray, Houston-based attorneys with law firm Mayer Brown to discuss the downturn in oil prices…
The Fugro Synergy. From Fugro Drilling and Well Services. Plugging and abandonment accounts for about 43% of decommissioning costs. Operators and service companies are looking at ways to reduce the bill…
The Doo Sung rig was contracted in and brought to Shell standards to deliver the campaign. Doo Sung is Korea’s only semi- submersible drilling unit, built in 1984 by Daewoo Shipbuilding Co., and owned by KNOC…
The urgent need to address the global cost competitiveness of Australia’s oil and gas industry has been highlighted by a new analysis that shows fewer exploration wells are being drilled offshore despite significantly higher expenditure. An…
Austrian oil and gas firm OMV has agreed to farm in to a deepwater block offshore Gabon. Under the terms of the agreement, OMV will acquire 30% non-operated interests in the Manga and Gnondo blocks, from Ophir Energy. It will also…
A group of operators in the North Sea is taking a joint approach to barrel chasing through well intervention. Could other regions do the same? In many cases, total annual production associated with well intervention operations exceeds annual production from new wells drilled in the same year…
Shallow water subsea systems can be an ideal solution for improving marginal field net present value. Jerry Streeter, Field Development Manager, for FMC Technologies, Inc., explains. Very little has been published recently on shallow…
Rigless abandonment of wells and use of downhole communications will be future trends, according to an OTC paper on well plugging and abandonment. Praful Desai, presenting for Schlumberger, outlined the large number of ageing and non producing wells globally…
ULSTEIN is currently customizing their innovative Chain type Stinger Handling system concept for three different companies on three different continents. The compact system improves both the vessel design and pipe-lay operations, and as acknowledgment on April 16th 2013…
For this specially extended edition of his monthly OE column, Professor Michael Economides invited famed horizontal drilling pioneer Jacques Bosio to collaborate on a piece discussing the provenance of this breakthrough technology and its continuing influence on oil & gas well design today…
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