Thursday, 30 June 2016

Construction start on Johan Sverdrup riser platform - 30/06/2016

Construction start on Johan Sverdrup riser platform

The riser platform construction start was marked today at the Samsung Heavy Industries yard in South Korea.

Project director for Johan Sverdrup Kjetel Digre (from right), project manager for the riser platform and the processing platform Ståle Nordal and head of Samsung Heavy Industries’ offshore division Younsang Won led the formal celebration of the construction start in South Korea 30 June.


“As we are starting the riser platform construction we are taking another important step in delivering the Johan Sverdrup project on schedule,” says project director for Johan Sverdrup Kjetel Digre. 

The preparations for the riser platform construction started already in January 2015, when Aker Solutions was awarded the contract for engineering and procurement management for the processing platform and the riser platform for Johan Sverdrup. 

The platform construction work commenced in the beginning of June 2016. 

“As of today Samsung Heavy Industries will gradually be given more responsibility for ensuring that the riser platform is built without any HSE incidents and that the platform is delivered according to plan and cost. We have an ambitious project plan for Johan Sverdrup, and we depend on high-quality and precision work from Samsung and more than 100 equipment package suppliers when they are delivering the riser platform and the processing platform topsides,” says Kjetel Digre. 

The riser platform will play a key role on the field centre, as it will be the receiver of land-based power that will maintain operation on the Johan Sverdrup field for more than 50 years. From this platform the oil and gas from the huge Johan Sverdrup reservoir will be exported to land, to Kårstø (gas) and to Mongstad (oil). 

The riser platform also represents the future of the Johan Sverdrup field. 

“Our Johan Sverdrup development is based on 40 years of experience from the Norwegian continental shelf. We know that by working hard every day we are able to improve the oil and gas recovery and extend the life of our fields. 

During the 50 years of production from Johan Sverdrup, innovation and new technology will open up new possibilities. That is why we, for the first time in an offshore project, have more than 2500 square metres of free deck space, which will be used for equipment and technology that may improve recovery and extend the life of Johan Sverdrup,” says Digre. 

The free space will be used for realizing measures for improved recovery and phasing in future phases of the Johan Sverdrup development, and any other future discoveries on the Utsira High. 

The riser platform is the largest of the four platforms constituting the Johan Sverdrup field centre. The platform will be 124 metres long, 28 metres wide, 42 metres tall, and have a total weight of 23,000 tonnes. 

Construction of the processing platform (P1) for Johan Sverdrup will start during July 2016. 

Tuesday, 28 June 2016

Statoil completes transaction in UK licence for Utgard field - 28/06/2016

Statoil completes transaction in UK licence for Utgard field

On 22 June 2016, Statoil and JX Nippon completed their previously announced transaction whereby Statoil has acquired JX Nippon’s 45% equity share in, and operatorship of, the UK licence for the Utgard field.

Through this transaction Statoil now has a 100% interest in UK Continental Shelf licence P312 which, with Norwegian Continental Shelf licence PL046, comprises the Utgard field. Statoil previously acquired stakes in P312 from First Oil in October 2015 and Talisman Sinopec in December 2015. Statoil is the operator in PL046 with a 62% holding.

A final investment decision for Utgard is planned before end-2016 with production start-up in 2020.

Thursday, 23 June 2016

Result of the Dividend Issue for the fourth quarter 2015 - 23/06/2016

Result of the Dividend Issue for the fourth quarter 2015  

Stock Market Announcement
Reference is made to the previous announcements by Statoil ASA (the "Company", OSE:STL, NYSE:STO) regarding the Dividend Issue for the fourth quarter 2015.
The subscription period expired on 10 June 2016 and subscriptions were made for a total of 18,298,942 Dividend Shares in the Dividend Issue, reducing the dividend payable by approximately USD 292 million for the Company. Approximately 43% of shareholders’ total net dividend have been used to subscribe for shares in the Dividend Issue.

The share capital increase relating to the Dividend Issue is expected to be registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret) on 23 June 2016, following which the Dividend Shares are expected to be delivered to the subscribers' VPS accounts on 24 June 2016.

The Dividend Shares will be registered with VPS under ISIN NO 0010096985 and will be traded on Oslo Børs under the Company's trading symbol "STL". Trading of the new shares will commence on 27 June 2015.

Payment of the cash dividend will be carried out on or around 24 June 2015.

Kværner ASA: Invitation to presentation of 2nd quarter and half year results 2016 - 23/06/2016

Kværner ASA: Invitation to presentation of 2nd quarter and half year results 2016

Kværner ASA will publish its 2ndquarter and half year results 2016 at the Oslo Stock Exchange on Thursday 14 July 2016 at 07:00 CET. The results presentation will be held at Kvaerner's offices at Fornebuporten, Oksenøyveien 10 at 09:00 CET the same morning.

We invite investors, analysts and the media to Kvaerner's results presentation:
Date: Thursday 14 July 2016
Time: 09:00 CET
Location: Fornebuporten, Oksenøyveien 10, 1366 Lysaker
Language: English

To attend the presentation, please register by emailing ir@kvaerner.com.
The presentation will be broadcast live on www.kvaerner.com and http://webtv.hegnar.no/presentation.php?webcastId=36172936 at 09:00 CET.

The complete 2nd quarter and half year results 2016 report and presentation will be available at http://www.kvaerner.com and www.newsweb.no.

CGG GeoConsulting introduces EARS BasinMap - 22/06/2016

CGG GeoConsulting introduces EARS BasinMap

New interactive geological map and database of East Africa Rift System aids exploration in this frontier region

CGG GeoConsulting’s NPA Satellite Mapping group has launched the multi-client EARS BasinMap for exploration de-risking across the vast region of East Africa, from regional-to-prospect or play scale. The EARS BasinMap is part of a new NPA Map product suite that offers world-leading satellite imagery-based geological mapping at different scales on either a proprietary or multi-client basis through PlateMap, BasinMap, BlockMap and FieldMap products.

The EARS BasinMap provides an entirely new 1:200,000 scale geological map and database of the East African Rift System and integrates structural history, drainage analysis and sediment provenance. Compiled by expert interpretation of satellite optical imagery and topographic data (the latest Landsat 8 OLI and SRTM 1 DEM data), the database extends across approximately 2.5 million km2 of East Africa taking in Kenya, Uganda, Tanzania, Rwanda, Burundi, Malawi and parts of Ethiopia, Mozambique, Zambia and the Democratic Republic of Congo. New Ventures & Exploration teams can use the EARS BasinMap for regional screening to rapidly gauge and understand the structural dynamics of ongoing rifting and predict the location of favorable sediment sequences with high reservoir potential.

Summary stratigraphy highlighting the aerial extent of the EARS BasinMap.Across the under- and unexplored rift basins, where exploration data quality and quantity are  limited, the EARS BasinMap provides a regional analysis of the timing and history of regional fault movement, uplift and erosion, which control sedimentation and accommodation space within the basins. The style and geometry of the rift-related structures in the region have an inherited relationship with the mapped basement trends, and control both compartmentalization of the rift basins and the drainage systems. The combined elevation data and map data provide valuable insight on geological evolution, source-to sink depositional systems and reservoir quality. When coupled with Seep Explorer (CGG’s on- and offshore seeps database) and Tellus (CGG Robertson’s strategic new ventures tool), structural, reservoir and source risk can be even further reduced in this developing hydrocarbon province.
The EARS BasinMap’s rich, geological database is easily accessed and interrogated through NPA Satellite Mapping’s proprietary ArcGIS* Onshore Analyst Tool (OAT), which allows user-driven queries of thematic datasets, encompassing fully referenced lithologies, local names, stratigraphic age, and type and timing of structures.

Interrogation of the EARS BasinMap using NPA’s ArcGIS Onshore Analyst Tool.
Once leads and prospects have been identified, the database can be leveraged to provide the context for more detailed block studies, which can include more advanced section building, geological modeling and fieldwork, and for seismic planning. The EARS BasinMap is available for licensing for either the entire East Africa region or cropped large sub-regions. 

Richard Burren, Director of CGG GeoConsulting’s NPA Satellite Mapping, said: “Our new offering of scaled geological products across the Map family expands our impressive range of multi-client onshore geological mapping studies. The latest member, EARS BasinMap, is the world’s first contiguous structural history, drainage and sediment provenance database for the East African Rift System and promises to significantly help our clients unlock the exploration potential of the region.

It provides our clients with the industry’s only interactive, queryable 1:200,000 scale geological map for East Africa, a region of the world that our team of expert structural geologists knows extremely well, after over a decade of mapping experience.”

Wednesday, 22 June 2016

Young ADIPEC Announces Partnership with Abu Dhabi Education Council (ADEC) - 22/06/2016

Young ADIPEC Announces Partnership with Abu Dhabi Education Council (ADEC)

Community Outreach Programme Supports Government Efforts to Prepare Today’s Youth for New Energy Landscape

450 Students from 18 Schools Across Abu Dhabi City, Al Ain, and the Western Region to Participate

Young ADIPEC, the annual youth outreach initiative by the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), has announced it is partnering with the Abu Dhabi Education Council (ADEC) as part of government efforts to cultivate the next generation of home-grown energy professionals.

The first-time cooperation between the two entities will enable Young ADIPEC to relay a strong and powerful message to the wider school community: The future of the UAE’s energy sector depends on today’s educated and informed youth.

Held under the patronage of His Excellency Sheikh Nahyan Bin Mubarak Al Nahyan, Minister of Culture and Knowledge Development, Young ADIPEC is aimed at educating high school students between the ages of 14 and 17 about the wealth and diversity of career opportunities in the energy sector, encouraging them to pursue studies in the fields of science and engineering, and spreading awareness about these specialties. 

Through the support of ADEC, which involves raising awareness about the initiative through the Council’s official communication channels, Young ADIPEC plans to recruit and engage more students than ever before, with the expected participation of 450 pupils from 18 schools – 4 private and 14 public – across Abu Dhabi. This marks a remarkable 26 per cent increase over the number of students who participated in the programme last year. More than 700 students from across the UAE have passed through the programme since its inception in 2013. 

His Excellency Mr. Mohammed Salem Al Dhaheri, ADEC’s School Operations Executive Director, lauded efforts exerted by Young ADIPEC, adding that students will gain a wealth of knowledge in fields related to Science, Technology, Engineering, and Mathematics (STEM), as well as experience research and teamwork spirit. 

“Encouraging youth to innovate and create is crucial for industry development, which is exactly why this initiative is timely,” said H.E. Al Dhaheri. “Our aim is to engage students in as many activities as possible that will motivate them to learn and explore, all in favour of preparing a curious, well-read and equipped workforce that will help further fructify the economy.” 

Mr Ali Khalifa Al Shamsi, CEO of Al Yasat Petroleum Operations Company and ADIPEC 2016 Chairman, said: “As the global energy mix evolves, so does the skillset 
required for those who work in the industry. Technology, research, innovation, and application are playing a central role in driving industry progress, and prospective candidates must be equipped with the ability to be agile in such a dynamic business environment in order to succeed. I am confident that with the community’s firm support – that is the support of parents, educators, and employers – we can help inspire our children today to become the energy leaders of tomorrow.”

In the first phase of Young ADIPEC, students will have an exciting opportunity to get hands-on experience during trips to oil field sites, training centres, innovation centres, as well as workshop and manufacturing facilities belonging to leading oil and gas companies. These include the Abu Dhabi Company for Onshore Petroleum Operations Ltd., (ADCO), Al Mansoori Specialized Engineering, Al Mazroui Engineering, Borouge, the National Petroleum Construction Company (NPCC), Schlumberger, Takreer, and Weatherford. 

The second phase of the Young ADIPEC programme will be an experiential and edutainment component that will enable students to explore different aspects of the industry. 

Following significant success, the Young ADIPEC Photo Competition is back, this time with ‘Lights of the City’ as the theme. As part of the programme’s efforts to raise awareness about energy consumption, students are being invited to capture on camera how human civilization consumes energy to light up a single city. Students wishing to participate should submit their entries to youngadipec@dmgeventsme.com before 15 October. 

A host of other activities taking place at the Young ADIPEC stand during the event will raise the bar for ‘edutainment’, with 7 Experience Zones designed to keep students fully engaged.
Four new activity streams include the Health and Safety Zone, which will give students an opportunity to learn about the importance of workplace safety through a series of hands-on sessions that look at safety regulations, equipment selection, and the available solutions for all occupational safety requirements. The new Engineering Zone will allow students to develop their problem solving, team work, and big thinking skills by inviting them to design and build a prototype of a specific project. 

Meanwhile, the Virtual Reality Field Operation Simulator Game Zone by Al Mazroui Engineering will give students an opportunity to experience what it is like to work on the field through state-of-the-art simulation technology. Meanwhile, The Future Leadership Workshop will offer students a non-traditional learning platform that serves as a positive change agent, community builder, business school think-tank, and research centre all rolled into one.

The three remaining zones include The Petroleum Institute Educational Zone, where students will be invited to carry out live experiments, a Video Wall, which will display filmed diaries from the school field trips, as well as a dedicated Photo Competition Wall that will showcase the shortlisted photography entries. Students will also have an opportunity to participate in a treasure hunt that will require them to successfully complete a series of industry-related tasks.

The sponsors of Young ADIPEC are the Abu Dhabi National Oil Company (ADNOC) the Arab Development Company (ARDECO), Weatherford, Al Mazroui Engineering, ExxonMobil, Partex, and Ali & Sons Oilfield Supplies & Services.

Conference session: Emerging markets – the new customers for oil and gas - 22/06/2016

Conference session: Emerging markets – the new customers for oil and gas

Energy is the source to industrialisation, growth and urbanisation. In this conference session we take a close look into the energy demands of emerging markets.
One of the speakers, Chris Rynning, CEO of Staur Asset Management, has invested in energy projects in China for more than a decade.
“Energy demand in China is robust, but could we see negative demand shifts and what would that imply for businesses and national budgets? What could cause a collapse in Chinese energy markets and how could it be avoided? At ONS 2016 I will dive into Chinese energy demand and supply. Can China shift to sustainable and clean energy, or will we see decades of coal and oil dependency?” Rynning says.
Hear his conclusions at the ONS Conference.
Speakers and topics
Spencer Dale[modified]
Spencer DaleGroup Chief Economist, BP
Where will the future energy demand come from?


Roger Bounds[modified]

Roger BoundsVice President Global Gas, Royal Dutch Shell
Asian gas and LNG market

15th Sept'2009. Profile Shoot of Narendra Taneja By Rajeev Dabral

Narendra TanejaEnergy Spokesperson, Bharatiya Janata Party
Reflections on Indian domestic market – and the need for oil and gas

Chris Rynning[modified]

Chris RynningCEO, Staur Asset Management
What could cause a collapse in Chinese energy markets?

Emerging Markets – New Customers for Oil and Gas will be held during the afternoon sessions on Wednesday 31 August, between 13.00 – 16.00. Choose between Full Conference Pass or day passes or for the ONS Conference.
Check out the programme for the ONS Conference and buy your tickets today!

Tuesday, 21 June 2016

Drilling permit for wellbore 31/7-1 A in production licence 740 - 21/06/2016

Drilling permit for wellbore 31/7-1 A in production licence 740

The Norwegian Petroleum Directorate has granted Faroe Petroleum Norge AS a drilling permit for well 31/7-1 A, cf. Section 8 of the Resource Management Regulations.

Well 31/7-1 A will be drilled from the Transocean Arctic drilling facility at position 60°25'31.55"N and 3°1'28.23"E in production licence 740.

The drilling programme for well 31/7-1 A relates to the drilling of an appraisal well. Faroe Petroleum Norge AS is the operator with an ownership interest of 50 per cent and Core Energy AS is a licensee with 50 per cent.

The area in this licence consists of parts of blocks 31/7 and 30/9. Production licence 740 was awarded in APA 2013, 7 February 2014. This is the first well to be drilled in the licence.

The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

Monday, 20 June 2016

CGG GeoConsulting introduces EARS BasinMap - 20/06/2016

CGG GeoConsulting introduces EARS BasinMap

New interactive geological map and database of East Africa Rift System aids exploration in this frontier region

CGG GeoConsulting’s NPA Satellite Mapping group has launched the multi-client EARS BasinMap for exploration de-risking across the vast region of East Africa, from regional-to-prospect or play scale. The EARS BasinMap is part of a new NPA Map product suite that offers world-leading satellite imagery-based geological mapping at different scales on either a proprietary or multi-client basis through PlateMap, BasinMap, BlockMap and FieldMap products.

The EARS BasinMap provides an entirely new 1:200,000 scale geological map and database of the East African Rift System and integrates structural history, drainage analysis and sediment provenance. Compiled by expert interpretation of satellite optical imagery and topographic data (the latest Landsat 8 OLI and SRTM 1 DEM data), the database extends across approximately 2.5 million km2 of East Africa taking in Kenya, Uganda, Tanzania, Rwanda, Burundi, Malawi and parts of Ethiopia, Mozambique, Zambia and the Democratic Republic of Congo. New Ventures & Exploration teams can use the EARS BasinMap for regional screening to rapidly gauge and understand the structural dynamics of ongoing rifting and predict the location of favorable sediment sequences with high reservoir potential.

Summary stratigraphy highlighting the aerial extent of the EARS BasinMap.Across the under- and unexplored rift basins, where exploration data quality and quantity are  limited, the EARS BasinMap provides a regional analysis of the timing and history of regional fault movement, uplift and erosion, which control sedimentation and accommodation space within the basins. The style and geometry of the rift-related structures in the region have an inherited relationship with the mapped basement trends, and control both compartmentalization of the rift basins and the drainage systems.

The combined elevation data and map data provide valuable insight on geological evolution, source-to sink depositional systems and reservoir quality. When coupled with Seep Explorer (CGG’s on- and offshore seeps database) and Tellus (CGG Robertson’s strategic new ventures tool), structural, reservoir and source risk can be even further reduced in this developing hydrocarbon province.

The EARS BasinMap’s rich, geological database is easily accessed and interrogated through NPA Satellite Mapping’s proprietary ArcGIS* Onshore Analyst Tool (OAT), which allows user-driven queries of thematic datasets, encompassing fully referenced lithologies, local names, stratigraphic age, and type and timing of structures.

Interrogation of the EARS BasinMap using NPA’s ArcGIS Onshore Analyst Tool.

Once leads and prospects have been identified, the database can be leveraged to provide the context for more detailed block studies, which can include more advanced section building, geological modeling and fieldwork, and for seismic planning. The EARS BasinMap is available for licensing for either the entire East Africa region or cropped large sub-regions. 

Richard Burren, Director of CGG GeoConsulting’s NPA Satellite Mapping, said: “Our new offering of scaled geological products across the Map family expands our impressive range of multi-client onshore geological mapping studies. The latest member, EARS BasinMap, is the world’s first contiguous structural history, drainage and sediment provenance database for the East African Rift System and promises to significantly help our clients unlock the exploration potential of the region. It provides our clients with the industry’s only interactive, queryable 1:200,000 scale geological map for East Africa, a region of the world that our team of expert structural geologists knows extremely well, after over a decade of mapping experience.”

Tuesday, 14 June 2016

PDO for Oseberg Vestflanken 2 sanctioned - 14/06/2016

PDO for Oseberg Vestflanken 2 sanctioned 

The Ministry of Petroleum and Energy has sanctioned the Plan for Development and Operation (PDO) of Oseberg Vestflanken 2. Reserves projected at 110 million barrels of oil equivalent the investments are estimated at NOK 8.2 billion (2015).

The Oseberg Vestflanken 2 development consists of an unmanned wellhead platform with ten well slots. In addition two existing subsea wells will be reused. All wells will be remote-controlled from Oseberg field centre.

“Oseberg Vestflanken 2 is a pioneer project of great strategic importance,” says Torger Rød, Statoil’s senior vice president for project management.

The project is a pilot that other operators, public authorities and the rest of Statoil’s project portfolio are already learning from.  The concept is new in Norway, but has been thoroughly tested on the Danish and Dutch continental shelves.

“This new concept has been required to meet the high safety standards established for installations on the Norwegian continental shelf,” Rød says.

Aiming to cut investment costs throughout the engineering phase Statoil has reduced the break-even price of the project by about 30 percent thanks to reduced CAPEX and successful maturing of the resource base, thus increasing volumes. This makes the project resilient, even in a low oil price environment.

The wells at Oseberg Vestflanken 2 will be drilled by the new category J rig Askepott, which is currently under construction. It is owned by the Oseberg licence.

“It is gratifying that the strategies established for the procurement of Oseberg’s licence rig is now being realised through a profitable project, optimally utilising the existing infrastructure,” says Gunnar Nakken, Statoil’s senior vice president, Operations West.

Helping extend the life of the Oseberg field the project is an important contribution to Statoil’s ambition of sustaining production on the NCS at the current level to 2030, and beyond. Oseberg Vestflanken 2 is the first of three planned phases for developing the remaining reserves in the Oseberg area.

“Joint optimism among the Oseberg partners about the future of the Oseberg area is at the bottom of this,” Nakken concludes.

ADIPEC 2016 Now Host of World’s Largest Oil and Gas Technical Conference Programme - 14/06/2016

ADIPEC 2016 Now Host of World’s Largest Oil and Gas Technical Conference Programme

Landmark Energy Event Continues Record-Breaking Success with 2,775 Proposals from 571 Organisations in 71 Countries 

Achievement Represents an Impressive 22% Year-on-Year Increase in Number of Abstract Submissions

Global industry leaders, experts, and decision makers are gearing up for what is anticipated to be the largest Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) yet as organisers reveal another milestone for the world’s most influential oil and gas event.

The distinguished ADIPEC Technical Conference Programme received a total of 2,775 proposals for this year’s edition of the event, marking a 22 per cent increase from last year, and once again breaking all known records for the number of submitted abstracts in the oil and gas industry.

Technical papers came from 571 organisations across 71 countries, with more than half of submissions from outside the Middle East, underlining ADIPEC’s expanding international reach and its worldwide recognition as the global meeting place for knowledge-exchange in the energy sector. It is anticipated that this year’s edition of ADIPEC will be the largest event to date.

The ADIPEC 2016 technical committee, which is comprised of 140 industry leading experts, convened on 22nd May, where 717 quality abstracts were selected following a thorough and rigorous selection process across ten technical categories, representing an acceptance rate of nearly 26%.

“Sharing industry best practice, knowledge, research, and innovation has never been more important and critical to the industry than it is today,” said Mr. Fareed Abdulla, Senior Vice President – North East Bab (NEB) Asset at the Abu Dhabi Company for Onshore Petroleum Operations Ltd. (ADCO), ADIPEC 2016 Technical Conference Chairman, and SPE Middle East Board Chairman.

“The energy sector is currently witnessing a transformation marked by a special focus on efficiency, and stakeholders recognise they need to adapt both their business strategies and on-the-ground implementation to survive. Every year, we not only see an increase in the number of submissions, but also in the quality of papers we receive – making the ADIPEC Conference Programme truly the go-to event for the latest developments in the world of oil and gas.” 
Held under the patronage of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE, ADIPEC 2016 will take place from 7-10 November, and is hosted by the Abu Dhabi National Oil Company (ADNOC), organised by dmg events – Global Energy, and supported by the UAE Ministry of Energy.

The ADIPEC Technical Conference Programme, organised by the Society of Petroleum Engineers (SPE), is now one of the largest events focusing on the energy sector, attracting technical engineers from the world’s leading national and international oil companies and service companies, and key decision makers from across the industry. 

Mr Ali Khalifa Al Shamsi, CEO of Al Yasat Petroleum Operations Company and ADIPEC 2016 Chairman, said: “Energy plays a central role in the development of the economy, and with global demand set to increase by one-third over the next two decades, there is a pressing need to create long-term strategies that promote safe and reliable access to energy. The high-level academic discussions that will take place during the ADIPEC Conference Programme have the potential to shape policies that will pave the way to a sustainable energy future.”  

The overall theme for this year’s conference is “Strategies for the New Energy Landscape”, and the event will explore regional and global views, with more than 700 speakers and 8,500 delegates from both technical and non-technical functions within the oil and gas industry. 

Christopher Hudson, President – dmg events, Global Energy, said: “The ADIPEC Conference Programme addresses all the different specialties and sub-specialties in the energy sector, enabling industry professionals to acquire valuable information for every aspect of their business. The growing international participation in this comprehensive forum is testimony to the market’s thirst for knowledge that will allow organisations to thrive in today’s dynamic business environment.”

The 2016 edition of the ADIPEC Conference Programme will feature 2 Ministerial Sessions, 3 Global Business Leader Sessions, 8 Panel Sessions, 5 VIP Briefings within the Middle East Petroleum Club, 3 Breakfast Sessions, and 3 Luncheon Sessions that will tackle some of the most imminent topics in the energy sector.

Taking place in a purpose-built waterside theatre, 8 Offshore and Marine sessions will look at industry-specific topics ranging from developing offshore oil and gas fields to new technologies and enhancing safety.  

ADIPEC’s acclaimed ‘Women in Energy’ conference will also be back this year to address the challenges and opportunities for women professionals in the industry.

The technical categories that will be covered within the ADIPEC 2016 Conference Programme are: E&P Geoscience, Unconventional Resources, Field Development, Drilling and Completion Technology, Projects Engineering and Management, Operational Excellence and HSE, Gas Technology, Offshore and Marine, and People and Talent.  

Monday, 13 June 2016

ODE completes facilities for Dudgeon Offshore Wind Farm project - 13/06/2016

ODE completes facilities for Dudgeon Offshore Wind Farm project

International engineering and operations support services contractor ODE, part of the DORIS Group, has successfully installed new pontoon and crane facilities on the Dudgeon Offshore Wind Farm base in Great Yarmouth.

Project management experience and in-house engineering capabilities were key components of ODE’s bid, which saw it design, fabricate and install a 52-metre long concrete pontoon system anchored by pilings in the river. The £500,000 contract also saw ODE design, build and provide access and utilities to the crane loading area.

The fully operational waterside marine facilities at berth 8 and 9 in the River Yare will be used by two to three crew transfer vessels, which will support construction, operations and maintenance work on the wind farm, 32 km north of Cromer off the Norfolk coast.

When completed, the Dudgeon Offshore Wind Farm, which is owned by Dudgeon Offshore Wind Farm Ltd. and operated by Statoil, will have a power generation capacity of 402 MW enough to supply about 410,000 homes annually.

ODE, which has a base in Great Yarmouth and head offices in London plus offices in Cairo, Egypt, has a strong record in providing support and innovative solutions to a number of offshore wind developments in the UK and globally.

Fifteen years ago, the company was appointed as the lead project manager for the Scroby Sands Wind Farm off the Great Yarmouth coast, while the Ormonde Offshore Wind Farm in the Irish Sea, for which ODE worked between 2004 and 2012, was recognised as one of the most innovative operational offshore wind farms in the world.

ODE managing director Peter Godfrey said: “Our vast knowledge of the offshore wind industry, the North Sea and the local area meant that we were well placed to support Statoil in providing the most appropriate facilities to support its activities.

“The Dudgeon Wind Farm will play a significant part in UK offshore wind power generation and we are proud to have been involved in what we anticipate will be a highly successful project.”

“ODE project manager Fred Simeons said: “As part of the project we had to ensure that our piling activities did not interfere with pipes and cables that run under the River Yare and provide essential utility services to households and businesses.

 “Being the principal contractor it was our responsibility to ensure all works were carried out to the highest safety standards. We achieved this and completed the work with the agreed timeframe and budget.”

Consent for start-up of Rutil - 13/06/2016

Consent for start-up of Rutil

The Norwegian Petroleum Directorate (NPD) has granted the licensees in Gullfaks (production licence 050) consent to start-up the facilities on the Rutil deposit on Gullfaks South, and to start producing.

Rutil is a gas-filled structure on Statoil-operated Gullfaks South, located in the Tampen area in the North Sea.

Rutil will be developed with a standard subsea template with four well slots (subsea template Q) with two gas production wells. The subsea template is tied-in to the existing infrastructure on the Gullfaks A facility for processing and export.

In the Plan for Development and Operation of Rutil, submitted in December 2014, the operator estimates that the in-place volumes are 17.9 billion Sm3 of gas and 2 million Sm3 of condensate. Expected recoverable reserves are 11.9 million standard oil equivalents.

The development has turned out to be far less expensive than expected. Investment costs are just under NOK 3.8 billion, while the PDO estimate was NOK 4.863 billion.

Production is scheduled to start in August/September 2016. This is several months earlier than the original plan (December 2016).

“The NPD is very pleased with the development of the Rutil project, which is expected to finish in less time and at a lower cost than originally planned,” says Tomas Mørch, assistant director of development and operations in the northern North Sea.

Thursday, 9 June 2016

Minor gas/condensate discovery southwest of the Oseberg South field in the North Sea - 30/11-13 - 09/06/2016

Minor gas/condensate discovery southwest of the Oseberg South field in the North Sea - 30/11-13

Statoil Petroleum AS, operator of production licence 272, has completed the drilling of wildcat well 30/11-13. The well proved gas/condensate.
The well was drilled eight kilometres southeast of the 30/11-8 S (Krafla) discovery and about 27 kilometres south of the Oseberg South facility in the North Sea.  

The primary exploration target for the well was to prove petroleum in Middle Jurassic reservoir rocks (the Tarbert formation). The secondary exploration target was to prove petroleum in Middle Jurassic reservoir rocks (the Ness formation).

The well encountered gas columns at two levels in the top part of the Tarbert formation, a total of 5 and 31 metres, respectively, of which 4 and 22 metres had good to moderate reservoir properties. The secondary exploration target in the Ness formation is aquiferous. 

The preliminary estimation of the size of the discovery is between one and three million standard cubic metres (Sm3) of recoverable oil equivalents. The discovery will be included in the evaluation of a new field development along with previous discoveries in the area.

Data has been collected and samples were taken from the well.

Well 30/11-13 was drilled to a vertical depth of 3313 metres below the sea surface and was terminated in the Ness formation.

The well is the fourth exploration well in production licence 272. The licence was awarded in the North Sea Awards in 2001.

Water depth is 106 metres. The well will be permanently plugged and abandoned.

Well 30/11-13 was drilled by the Songa Delta drilling facility, which will continue the drilling campaign by drilling wildcat well 30/11-14 in the same production licence, where Statoil Petroleum AS is the operator.

Energy Perspectives 2016: Climate policies and geopolitics determine the global energy mix toward 2040 - 09/06/2016

Energy Perspectives 2016: Climate policies and geopolitics determine the global energy mix toward 2040 

The Paris climate agreement can be realised, but that requires new measures and much faster changes than we have seen so far.
Towards 2040 the world will need a lot of renewable energy. Considerable investments in new production of oil and gas are also necessary to replace falling production from existing fields. 

This is outlined in Statoil’s Energy Perspectives report that was presented today.

“In order to achieve the objectives of the Paris climate agreement we need fast changes in the electricity sector and in private car transport, in addition to a strong energy efficiency improvement in all sectors,” says Statoil’s Chief economist Eirik Wærness. 

“Even with a rapid increase in new renewable energy the oil and gas demand will only be slightly lower than today’s level in 2040. To compensate for falling global production from existing fields, considerable investments in new oil and gas production volumes will be needed, which in combination will correspond to 15-30 times the current total output on the Norwegian continental shelf,” says Wærness. 

Statoil’s annual Energy Perspectives report describes how the world economy, international energy markets and energy-related greenhouse gas emissions develop, based on three different scenarios: Reform, Renewal and Rivalry. 

The report has been prepared by a team of Statoil analysts in the fields of macroeconomics, energy markets, climate policies and geopolitics. It is based on models and frameworks that the company uses in connection with long-term analyses of the energy markets. 

Three scenarios 

“The future is uncertain, and consequently we have, just like last year, prepared three different scenarios for the development towards 2040,” says Wærness. 

The Reform scenario in this year’s report is based on the national climate targets of the Paris agreement (COP21), with further restrictive measures in the energy and climate policies over time. The 2-degree target will not be reached in this scenario. 

The scenario outlining the most ambitious energy and climate goals is Renewal, which assumes that nine out of 10 new private cars sold in 2040 will be hybrids or electric cars. It also assumes a transformation in the electricity sector, where sun and wind will account for around 40% of the global electricity generation in 2040, compared to the current 5%. In this scenario the oil and gas demand will be somewhat lower than the current level. 

“This will require a radical and coordinated effort and transformation of the transport and electricity sector, driven by efficiency efforts, technology development, markets, consumer behaviour and not least politics. There may be cause for questioning whether the investments in oil, gas and renewable energy in the time ahead will be sufficient to meet the demand,” says Wærness. 

The Intergovernmental Panel on Climate Change is currently evaluating implications from the commitment in the Paris Agreement to pursue efforts to limit the temperature increase to 1.5℃. Their report is expected in 2018, and based on this further implications also for the energy sector can be analysed further. 

“The drastic changes in the energy system we are envisaging, will be introduced gradually – but this must be done much faster than we have seen before,” he says. 

The third scenario, Rivalry, is more impacted by geopolitical conflict and larger differences in the regional development, both with regard to economic development and transformation of the energy systems. 
Irrespective of the scenario the analysis reveals a need for major investments within the whole energy sector – both in oil, gas, renewables, energy infrastructure and energy storage towards 2040. 

Major changes in energy supply and consumption 

Statoil has published its Energy Perspectives report every year since 2011. It is one of several important analyses forming the basis for the company’s strategic and commercial assessments. 

“The Paris climate agreement is an important starting point for necessary changes, but they are not sufficient, according to the 2016 Energy Perspectives report. Statoil will be a driving force for introducing stronger measures and faster change, which are vital for us to be able to produce the energy that the world needs in a sustainable manner. 

Emissions must be reduced, while at the same time energy must be provided to a growing population, where a rising number of people are finding their way out of poverty,” says president and CEO Eldar Sætre. 

“Statoil is well positioned for being an important energy provider also in a low-carbon society. Our oil and gas production has the lowest emission level in the world, and we are raising our ambitions to maintain our leading position. We are also gradually developing a profitable business in renewable energy and other low-carbon solutions,” says Sætre. 

Monday, 6 June 2016

Aker Solutions Wins Order for Umbilicals at Egypt's Zohr Offshore Gas Field - 06/06/2016

Aker Solutions Wins Order for Umbilicals at Egypt's Zohr Offshore Gas Field

Aker Solutions won a contract to deliver its longest-ever umbilicals system at the Zohr offshore gas field in the Egyptian part of the Mediterranean Sea.

The agreement with Petrobel in Egypt is worth more than NOK 1 billion and will be booked in the second quarter. It stipulates the delivery of 180 kilometers of steel tube umbilicals that will connect the Zohr subsea development to an offshore control platform. Petrobel, a joint venture between The Egyptian General Petroleum Corporation (EGPC) and Eni, is responsible for the development and operations at Zohr.

"Aker Solutions is building on its previous experience offshore Egypt to now deliver its largest-ever umbilicals project," said Luis Araujo, chief executive officer of Aker Solutions. "We are very pleased to support Petrobel and Egypt on this important development."

The work will be led by Aker Solutions' subsea division in Oslo and manufacturing will start immediately at the umbilicals plant in Moss, Norway.

The company has invested substantially in the Moss facility over the past years. The plant has more than 20 years of experience in making the most advanced and complex umbilical systems, which are used to transport data, power and liquids between oil and gas installations on the seafloor and facilities onshore or on platforms.

The umbilicals system will be delivered by mid-April 2017.

EXPRO TO RECEIVE RoSPA PRESIDENT’S AWARD 2016 - 06/06/2016

EXPRO TO RECEIVE RoSPA PRESIDENT’S AWARD 2016

Leading international oilfield services company, Expro, has been awarded the President’s Award following 12 consecutive Gold Awards in the RoSPA (Royal Society for the Prevention of Accidents) Occupational Health and Safety Awards 2016.

This is the third year that Expro has received the President’s Award – which is presented to organisations that sustain the highest standards of health and safety management over consecutive years.

Expro has been continually recognised by RoSPA since 2005, including receiving four oil and gas sector awards from 2006 to 2009, the Gold Medal in 2010, and the Scotland Trophy in 2013.

The scheme, now in its 60th year, considers entrants’ overarching occupational health and safety performance and management, including practices such as leadership and workforce involvement.

David Ford, Expro’s Group HSEQ Manager, commented:
“Expro is proud to have been selected for the President’s Award following many years of safety award success with RoSPA, an internationally recognised and much respected awards scheme. This prestigious award recognises our commitment to continuous improvement in health and safety management across the business.

“During challenging market conditions in the oil and gas industry, it is critical that we remain committed to health and safety. In the last year, we have reached a number of important safety milestones across our regions and continue to encourage our employees to champion safety in all that they do.”

Julia Small, RoSPA’s Head of Awards and Events, added:
“To win an award at such a highly-regarded event as the RoSPA Awards is a great achievement for our winners. It recognises their commitment to maintaining an excellent health and safety record and raises the bar for other organisations to aspire to.”

Expro will be presented with the award at the ExCeL London on 21 June at a special celebration to mark RoSPA’s diamond anniversary.

Thursday, 2 June 2016

ACE Winches awarded second contract in Newfoundland for Hebron project - 02/06/2016

ACE Winches awarded second contract in Newfoundland for Hebron project

ACE Winches, leading global deck machinery specialists, has been awarded a six-figure contract with an operator to support in connecting the Hebron gravity based structure (GBS) and topsides.

The project will see ACE Winches supply hydraulic drum winch packages for the deep-water Hebron oil field located off the coast of Newfoundland and Labrador in Canada, working at depths of 95m. The contract will include all winches, ancillary equipment and skilled personnel for the project.

ACE Winches will provide ACE 40 tonne WLL hydraulic drum winches, two ACE 12.5 tonne WLL hydraulic drum winches, a dedicated diesel hydraulic power unit for each winch and running line monitors to provide line and load monitoring.

Alfie Cheyne, CEO, ACE Winches said: “We are thrilled to have been awarded this contract and look forward to working closely with our client in the coming months. ACE Winches has a successful track-record of projects in the region and we look forward to building on this success with the Hebron project.

“We pride ourselves on the ability to provide cost-effective and bespoke winch packages for our clients and we are delighted to have created a solution specific to their needs.”

The contract marks further work on the Hebron project for the company; in 2014 the company supplied a range of winches for use in the dry dock to tension the installation as it transitioned from dry dock into open water. The winches were then used to keep the GBS in position during the manoeuvre process.

OIL AND GAS BUSINESSES TRADING WITH EU FACE THREE POTENTIAL OUTCOMES FROM A BREXIT VOTE, SAYS LEADING LOGISTICS EXPERT - 02/06/2016

OIL AND GAS BUSINESSES TRADING WITH EU FACE THREE POTENTIAL OUTCOMES FROM A BREXIT VOTE, SAYS LEADING LOGISTICS EXPERT

A leading specialist logistics supplier to companies in the oil and gas sector has said those trading with EU countries face three possible outcomes if the UK chooses Brexit on 23 June.

David Johnson, managing director of Leeds-based Tudor International Freight, said these could be dubbed the Norway, Switzerland and China scenarios.

Mr Johnson said: “Moving goods across borders within the EU is easy and cheap at present. When we import for companies in the oil and gas industry, for example, the only documentation we need is a copy of the packing list or commercial invoice and the travel document. For air freight this is a waybill, for sea consignments it’s a bill of lading and for road haulage it’s a CMR note, the initials of which are derived from its French title.

“No customs clearance process or duties apply and VAT doesn’t have to be handed over before the goods can be moved from the receiving port or airport. This system is the same, whatever the goods being imported.”

He said all three alternative arrangements that could be implemented following a Brexit would involve time or cost increases for businesses in the oil and gas sector when moving goods across frontiers.

Mr Johnson said: “Probably the most straightforward and favourable trading model is that adopted by Norway, which, as a member of the European Economic Area (EEA), has a free trade agreement with the EU.

“A Norway-style arrangement wouldn’t involve companies in the oil and gas industry paying duties or taxes when moving goods across borders. However, they would need to produce documents proving where the goods originated, to confirm that they weren’t eligible for duties. This is an increasingly costly task, given the ever-greater complexity of modern supply chains.”  

Mr Johnson said the second regime would result from the UK making a series of bilateral trade agreements with the EU, similar to the 120 treaties the union had with Switzerland.

He added, however: “When entering Switzerland, goods exported from the EU, for example, still have to undergo customs clearance and are usually subject to VAT and import duties.”

Turning to the China scenario, Mr Johnson said this would take effect if the UK left the EU after the official two-year withdrawal period without agreeing alternative trading arrangements with it, such as the Norwegian or Swiss models. This would mean implementing the rules of the World Trade Organisation (WTO).

He said: “The system would involve us and our former EU partners granting each other access to their markets and charging the same import duties they levy on other WTO members with which they don’t have free trade agreements. The 53 such agreements we currently have with other countries as a member of the EU would lapse if we left.” 

Mr Johnson said the organisation Open Europe had estimated that 35 per cent of goods the UK exported to the EU could be subject to import duties of more than four per cent under such a system.  

He said: “The UK would also charge duties on goods imported from the EU. These currently range up to the 32 per cent levied on wine. VAT would also usually have to be handed over at receiving ports and airports, with liable oil and gas sector businesses no longer benefiting from being able to delay this and combine it with domestic payments of the tax.”

Mr Johnson added that additional administrative burdens would apply under the WTO system too. A logistics provider such as Tudor would need a copy of the packing list or commercial invoice and the travel document, as per the present arrangements. But it would also be necessary to submit customs declarations to the UK authorities for goods both leaving and entering the UK.

He said: “Tudor International Freight is politically neutral and doesn’t take sides in the referendum debate, so we recognise the potential advantages of Brexit, such as the theoretical greater freedom to do our own trade deals with countries outside the EU.

“However, as I’ve outlined, the consequences of withdrawal for companies in the UK oil and gas sector trading with EU countries could be severe.”