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The Offshore Frontier

Rowan Viking wins contract with Lundin Norway

Rowan announced that the Rowan Viking, an N-Class ultra-harsh environment jackup rig, has been awarded a seven-well program in Norway by Lundin Norway AS for a minimum duration of 265 days. The contract is expected to commence in Q2/Q3 2020 and has four additional one-well priced options. The Rowan Viking has just completed the first well of a two-well program for MOL Norges AS in Norway and will perform a special periodic survey prior to commencing the second well with MOL, which is expected to start in April 2019 and has an estimated duration of 140 days.

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McDermott awarded EPCI subsea tieback contract for Stonefly Development

McDermott International has announced a contract award by LLOG Exploration Company for deepwater subsea pipeline tiebacks and structures from the Stonefly development to the Ram Powell platform, located approximately 140 miles southeast of New Orleans, La.  The scope of work includes project management, installation engineering, subsea structure and spoolbase stalk fabrication, and subsea installation of the subsea infrastructure to support a two-well subsea tieback from the Stonefly development site to the Ram Powell platform via a 60,000 ft, 6-in. pipeline at water depths ranging from 3,300 to 4,100 ft. McDermott will also design, fabricate and install a steel catenary riser, a pipeline end manifold and two in-line sleds. “This award demonstrates McDermott’s commitment to helping LLOG safely and competitively deliver the Stonefly ...

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To bring deepwater back, industry must align around standardization, simplification and collaboration

Every part of the industry has a role to play in embracing Lean principles and disruptive technologies to drive better performance, increase competitiveness By Linda Hsieh, Editor & Publisher Richard Lynch is Senior VP Technology and Services at Hess Corp. In the presentation you gave at the 2018 IADC Annual General Meeting in November, you stressed the need for the industry to invest more in deepwater. How can the industry make deepwater competitive with the onshore unconventionals in this environment? While the downturn has placed a premium on short-cycle unconventionals, I do believe that investing in deepwater will be critical to the future success of our industry. I also believe that deepwater can compete, and even demonstrate higher returns, if we ...

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Investments in data analytics set to make lasting, structural impacts on offshore’s competitiveness

To help operators bring offshore breakevens even lower, mindsets are also changing to think beyond traditional contractor scopes to the entire wellbore By Linda Hsieh, Editor & Publisher Roddie Mackenzie is Senior Vice President – Marketing, Innovation and Industry Relations for Transocean. It’s been about four years since the downturn began, and the industry has been relentlessly focused on lowering costs since then. How is the industry doing as far as lowering the structural side of the cost equation? Transocean has put tremendous effort into becoming more efficient, regardless of the dayrate. Our investments in things like our performance dashboards and other initiatives around data analytics – and moving away from calendar-based maintenance – are beginning to pay off. Operators are ...

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