TECHNICAL:
Neptune Energy awarded TechnipFMC a technical service contract
Neptune Energy has announced a new contract with TechnipFMC to provide technical services in Norway. The Technical Services Agreement (TSA) builds on an existing contract that is optimized to meet Neptune's future needs.
TechnipFMC will continue to provide extensive engineering, research, and technical services to Neptune Energy. This includes installation work and operational support for Neptune development projects and in the production field.
Erik Oppedal, Director of Projects and Engineering at Neptune Energy Norway, said: " The extension will be based on the close cooperation experience of Neptune and TechnipFMC in recent years, especially their contribution to the successful development of the Fenja, Duva and Gjøa P1 fields operated by Neptune."Neptune Energy is the operator of the Gj a platform in the North Sea, which is currently the hub of three undersea oil fields, Gj a, Vega and Duva. Nova, the fourth oil field operated by WintershallDea, will resume production later this summer. Neptune Energy also operates the Fenja development project in the Norwegian Sea.
Jonathan Landes, President of TechnipFMC Undersea Division, added, " We are pleased to have this opportunity to build on the success of our integrated approach and to further strengthen our long-term partnership with Neptune Energy."The new contract will take effect on July 1,2022, with a potential term of more than five years.
NEWS:
Another Alaska oil project could be shelved for environmental issues
Conocophillips's Willow project in Alaska could be shelved after the federal government released a highly anticipated environmental analysis.
In the analysis, the U. S. Bureau of Land Management (Bureau of Land Management) listed five options for the project that Conocophillips acquired in the early 1990s. One alternative is to build five drilling sites and build various infrastructure. Another option recommends reduced drilling sites and infrastructure, with a more limited environmental impact.
The worst news for Conocophillips is that the BLM does not approve the entire project, another of the five options proposed by the agency.
During Trump's presidency, the Bureau of Land Management approved Conocophillips' projects to develop the Willow Prospect in 2020. The US Administration of Land and Resources said at the time that the project could deliver 160,000 barrels a day, with reserves estimated at between 400 million and 750 million barrels a day. By 2019, the project is expected to reach 30 years.
EQUIPMENT:
Trident Energy upgrades the Okum Field in Equatorial Guinea
International oil and gas company Trident Energy announced a massive upgrade of the Okum field in Equatorial Guinea.
The project, located in the deep water region of Equatorial Guinea, and is a conventional oilfield development project consisting of five production fields, namely Okume, Elon, oven, Akom North, and Ebano.The upgrade will convert 15 breath wells into electric submersible pumps (ESP) by the end of 2022.
In preparation for the ESP conversion, Trident Energy has announced that it will upgrade Okume's Central Processing Facility (CPF) to maximize production capacity,especially in terms of separation, injection, and power generation.
The upgrade, worth $57 million, involves engineering, procurement, manufacturing and installation of more than 200,000 working hours, 200 tons of structures, 700 pipe shafts, 250 valves, undersea power cables, hundreds of optical fiber-optic cables, eight electrical shelters,upper deck cables, new process installations, and more.
The upgrade aims to expand and upgrade the structure of the CPF platform to support new equipment in the cantilever structure, add two new power turbines to allow additional esp and injection capabilities, connect the Echo and Foxtrot platforms through high-voltage submarine cables to provide power, upgrade the separation process to handle incremental output fluids, upgrade water injection systems to support reservoir pressure, and instrumentation and telecommunications upgrades.
To upgrade, Trident Energy's local team in Equatorial Guinea has managed all aspects of the project, including project management, supply chain, logistics, and coordination.
SERVICE:
The Centurion Group creates the Centurion undersea services
The Centurion Group, a leading provider in leasing and services to key industries, has merged its Aberdeen brands Aleron and Seanic UK to form Centurion Subsea services (CSS).
Centurion Subsea Services provides specialized undersea equipment and engineering services to the energy, renewable energy, decommissioning and undersea construction industries, and is part of the Group's Centurion UK leasing and services division.Centurion Undersea Services Combining Aleron's shallow water ROV design and manufacturing expertise with Seanic UK Divers, Decks and ROV tools will be able to provide fully integrated services that support its customers' complex underwater operations needs throughout the life cycle of the project.
"Centurion Undersea Services combines the decades of experience of Aleron and Seanic UK to provide fully integrated equipment services for a variety of undersea projects and customers in areas such as energy and renewable energy.Gary McConnell, general Manager of Centurion Undersea Services, said: " We combine the strengths of the two businesses to bring unparalleled benefits, and we can't wait to begin the next chapter of our journey.”
"It is an exciting moment for Centurion UK Leasing and Services.We focus on developing the Centurion undersea division through investments and acquisitions, a merger that is the first phase of our broader global strategic development program, and will ensure that Centurion remains a major player and preferred supplier within the industry.Centurion, CEO Fernando Assing, added: " We are proud to take our undersea business in the UK to a new level and look forward to continuing to serve our customers.”
The move comes shortly after reporting a 35% increase in revenue growth, rising to $398.4 million in 2021.Revenue in the first quarter of 2022 and adjusted EBIIT increased by 71% and 75%, respectively, from the first quarter of 2021, marking a good start for 2022.The Group expects these high levels of activities to continue until the rest of 2022.
