Olympus hull sets sail for Shell

The hull of Shell's new tension-leg platform has begun its journey to the Gulf of Mexico as the Anglo-Dutch supermajor prepares to take the next steps in its plan to expand deep-water development in the prolific Mars field.

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Source: Upstreamonline

Posted on 11/28/2012 / 0 comments / Read More

ONGC pushes back jack-up tender

India’s state-owned Oil & Natural Gas Corporation (ONGC) has delayed the $200 million-plus tender involving conversion of its jack-up rig Sagar Pragati into a mobile offshore production unit (Mopu) by close to two months.

Sources close to the tendering process said that the bid submission deadline for the Mopu tender has now been pushed forward to 10 January 2013. ONGC had earlier set a November deadline for bid submission for Sagar Pragati.

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Source: Upstreamonline

Posted on 11/28/2012 / 1 comments / Read More

Dockwise Vanguard prepares to set sail

Dockwise's brand new 275-metre-long heavy lift vessel Dockwise Vanguard is due to begin service by the end of the year.

The Dutch company is holding a vessel naming ceremony at Hyundai Heavy Industries in South Korea on 29 November. The giant ship is the largest in Dockwise's fleet.

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Source: Upstreamonline

Posted on 11/28/2012 / 0 comments / Read More

COOEC links with Petrofac to chase Dorra

Chinese fabricator Offshore Oil Engineering Company (COOEC) has formed a partnership with UK-listed Petrofac to jointly bid for the engineering, procurement, construction and installation (EPCI) contract for developing the offshore Dorra non-associated gas field in the neutral zone between Saudi Arabia and Kuwait.

The two companies have signed a memorandum of understanding to jointly pursue the giant tender, which sources said could be launched in the first half of next year. The Dorra EPCI contract could be worth up to $1.5 billion, sources suggested.

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Source: Upstreamonline

Posted on 11/28/2012 / 0 comments / Read More

Boskalis Becomes Largest Shareholder in Dockwise

Royal Boskalis Westminster N.V. has announced that it currently holds a 33.0% stake in the Dutch heavy lift and transportation company Dockwise. As a result, Boskalis is now the largest shareholder in Dockwise.

Boskalis on Monday announced its intention to acquire Dockwise for a total consideration of EUR 682 million ($883,8 million).

The company, a global services provider operating in the dredging, maritime infrastructure and maritime services sectors, has said that the combination of the two companies provides new strategic opportunities for accelerated growth of the offshore services. The Dockwise Ltd. group consists of four, global operating companies which all provide specialty services primarily in the heavy marine transport and the oil and gas services industries.

Source: Royal Boskalis Westminster N.V.

Posted on 11/28/2012 / 0 comments / Read More

Competition heats up for Upper Zakum expansion

Bidders for the $4 billion Upper Zakum (UZ 750) oilfield expansion project are squaring off for what could be a sharp fight as the Abu Dhabi client considers its options following commercial tenders giving a South Korean contractor the edge.

The client Zakum Development Company (Zadco) is “not happy with the results of the commercial bidding and (low bidder) Hyundai Heavy Industries may be dropped”, one source from a rival bidder told Upstream.

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Source: Upstreamonline

Posted on 11/23/2012 / 0 comments / Read More

Waiting game for Browse contract rivals

Rivals for the major turnkey contracts for the Browse liquefied natural gas project in Western Australia have each put their bids forward and now await the final decisions of operator Woodside Petroleum.
It is understood that commercial and technical clarifications for the big offshore contracts have been completed, and Woodside is aiming to make internal decisions about contract winners in the coming weeks.

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Source: Upstreamonline

Posted on 11/23/2012 / 0 comments / Read More

Mariner and Bressay bids under evaluation

Statoil expects to make a significant step forward with its Mariner and Bressay heavy oil developments in the UK North Sea by the end of this year. 
Bids for Engineering Procurement and Construction of the major surface facilities at Mariner are now with Statoil and are under evaluation. 

And the operator expects to make a final investment decision on the Mariner project late this year, an operator source has indicated. 

“All major bids for Mariner and Bressay surface facilities are currently under evaluation, with planned contact awards in 2012/2013,”  the source confirmed. “We expect to make the final investment decision for Mariner late this year.”

Meanwhile Statoil is also planning to come out to the market with in next month with another major subsea tender related to Mariner and Bressay, for Subsea Umbilicals, Risers and Flowlines. 

One tender of the major EPC tenders is for the construction of the Mariner steel jacket. A second is for a drilling package, and a third is for provision of process and utilities and living quarters – referred to by Statoil as a PULQ. Tenders were invited last June.

Development of Mariner alone has been estimated at £5 billion, with a major new production, drilling and quarters platform supported on a steel jacket, and a floating storage unit.  And the bid packages included options for similar facilities at Bressay.

As many as 50 wells with up to 92 sidetrack wells are predicted in order to tap the Mariner heavy oil which lies in two reservoirs, Maureen sands, and an overlaying Heimdal sand. Wells are to be fitted with downhole pumps and diluent is also planned as part of the development to dilute crude for better flow rates.Source: offshore.no

Posted on 11/23/2012 / 1 comments / Read More