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The Offshore Frontier

First oil flows from the Flyndre field

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Production has begun from the Maersk Oil-operated Flyndre field in the UK and Norwegian North Sea. First oil began to flow on 26 March, traveling 25 km via pipeline to the Repsol Sinopec-operated Clyde platform. Production from the Flyndre field is expected to peak at 10,000 barrels of oil per day, with the field expected to produce until at least 2023. As well as today’s new production, Maersk Oil continues to focus on the North Sea region, where it is delivering value from a substantial producing asset base and major new developments such as the Maersk Oil-operated Culzean field on the UK Continental Shelf and the company’s stake in Norway’s Statoil-operated Johan Sverdrup field. Gretchen Watkins, Maersk Oil CEO, said, ...

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Maersk Drilling secures contract for jackup Maersk Gallant

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Maersk Drilling has been awarded a contract for the harsh-environment jackup rig Mærsk Gallant, following a competitive tendering exercise by Nexen Petroleum UK, a wholly owned subsidiary of China National Offshore Oil Corporation. The contract covers the drilling of the High-pressure, High-temperature (HPHT) exploration Glengorm well, in the UK sector of the North Sea. The contract duration is estimated for 140 days and is expected to commence in the Q3 of 2017. “I am glad to announce that Maersk Drilling has been able to secure a new contract for the jackup rig, Mærsk Gallant. Despite the current market downturn, Maersk Drilling has secured three new contracts in the past four months,”said Michael Reimer Mortensen, Vice President and Head of Global Sales ...

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Gulf of Mexico lease sale yields $275 million in high bids on 913,542 acres in central planning area

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US Secretary of the Interior Ryan Zinke has announced that Lease Sale 247 for oil and gas parcels in the Gulf of Mexico garnered $274,797,434 in high bids for 163 tracts covering 913,542 acres in the Central Planning Area of the Outer Continental Shelf (OCS) offshore Louisiana, Mississippi, and Alabama...

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Johan Sverdrup Phase 2 development decision agreed by partnership

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Maersk Oil and partners in the Statoil-operated Johan Sverdrup development have agreed to proceed with the front end engineering design (FEED) for Phase 2 of the giant, world-class Norwegian project. The investment decision and submission of the plan for development and operation of Phase 2 is expected in the second half of 2018. Phase 2 is scheduled to come on stream in 2022. Phase 1 of Johan Sverdrup is under development, with first oil scheduled for late 2019. Phase 1 of the development establishes a field center consisting of four platforms on the field. Phase 2 builds on this infrastructure, adding another processing platform to the field center. Overall this will result in an increase in processing capacity from 440,000 ...

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Keppel signs Heads of Agreement with Borr Drilling for Transocean Rigs

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Five jackup rigs currently being built by Keppel FELS Limited (Keppel FELS) for Transocean will be novated to Borr Drilling Limited of Bermuda (Borr Drilling), due to a recently signed Heads of Agreement. The transaction between Keppel FELS, a wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), and Borr Drilling was approved by Transocean, and is subject to all three parties executing definitive agreements and satisfying formal closing conditions. The transaction is expected to be completed by the end of May 2017. In 2013, Transocean ordered five KFELS Super B Class jackup rigs from Keppel FELS for US $1.1 billion, and made a 20% down payment. Under the new agreement, Borr Drilling will take over the contracts and ...

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Jørn Madsen: Industry must embrace collaboration, automation to compete with other energy sources

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By Kelli Ainsworth, Associate Editor In a cyclical industry like oil and gas, downturns are an unfortunate reality. When downturns hit, the industry always works to cut costs, but they inevitably rise again in the next upturn. However, this cycle may prove different, Jørn Madsen, CEO of Maersk Drilling, said in the plenary session at the 2017 SPE/IADC Drilling Conference in The Hague, The Netherlands, on 15 March. “I think we’re facing a new reality,” he said. “We will not just be competing against each other. We will be competing against other energy forms like solar and wind, and that means that the oil industry, if we don’t change, will lose and lose fast.” Increased collaboration and automation could help ...

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Influx management envelope deployed during planning phase for 3 sections of deepwater MPD well

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The MPD Operations Matrix was introduced in 2007 to serve as an operational guide for drilling MPD sections. The intent of the matrix is to balance operational, well and equipment limitations with “acceptable” influx volumes. The operations matrix has become the cornerstone of MPD projects worldwide and is a mandatory component of planned MPD wells in the US Gulf of Mexico...

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Extended life, quicker make-up and gas tightness among key innovation areas as operators seek larger tubulars, lower costs of ownership

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In a market where operators and drilling contractors alike are analyzing every nickel and dime in their operations, drill pipe manufacturers must ensure tubular technologies are providing the required performance at an accessible cost. “What we’re doing right now is helping companies to reduce their cost of ownership,” said Guillaume Plessis, Director of Global Marketing for Grant Prideco, a National Oilwell Varco (NOV) company. “We will still see optimization of the product, but we also want to make it a very affordable possibility.”

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