AKER SOLUTIONS WINS JOHAN CASTBERG CONTRACT

Aker Solutions has won key work to help Statoil develop the Johan Castberg field, the largest oil discovery in the Norwegian Barents Sea. The company will supply the subsea production system and design the topside of the floating production, storage and offloading (FPSO) facility, which will be the largest-ever of its kind offshore Norway. The total value of the work is about NOK 4 billion ($632 Million) and will be booked in the fourth-quarter orders. Aker Solutions has been directly involved in the Johan Castberg development since its earliest phases, providing concept studies and front-end engineering design that have helped drive down costs and make the Arctic project even more viable. "Our early involvement and strong collaboration with Statoil have helped halve the development costs, enabling this strategically important project to move forward," said Aker Solutions Chief Executive Officer Luis Araujo. "The field is critical in further developing northern Norway as an oil and gas region." The FPSO agreement covers engineering, procurement and management assistance for the detailed design of the Johan Castberg topside. The order comes after Statoil exercised an option in a 2013 engineering contract for Johan Castberg. The work has already started and will be carried out by Aker Solutions in Norway and India. The detailed design is set to be completed in 2019. "We are able to generate significant project synergies by building on our work from the early stages of the development and playing on our combined strengths in both subsea and floating installations to optimize the overall solution," said Araujo. The subsea production system will consist of 30 wells with vertical subsea trees, wellheads, control systems, 10 templates and manifolds, two satellite structures and tooling. (Source and image: Aker Solutions)

KEPPEL FELS, SINGAPORE: TWO SEMI-SUBMERSIBLES FOR NAFTOGAS OF UKRAINE

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Keppel FELS has signed a contract with  Naftogaz of Ukraine (Naftogaz), to construct two semisubmersible drilling rigs worth about $1.2 billion. The...

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TOTAL DISCOVERS MORE OIL IN THE NORTH SEA

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Total announces that it has made an oil discovery in the Garantiana prospect located on Production License 554 in the Norwegian North Sea, 185 km northwest...

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NEW BUILT NOBLE REGINA ALLEN: MAJOR JACKING ACCIDENT IN SINGAPORE

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The Singapore Straits Times reports that eighty-nine workers were hospitalized  after the newbuild jack-up rig Noble Regina Allen tilted during a...

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IVANHOE AND THE HEAVY OILS OF PUNGARAYACU,ECUADOR

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The Pungaraycu in eastern Colombia, was discovered some thirty years ago but it has sat dormant because of its extremely heavy oil making it uneconomical...

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OB RIVER: THE FIRST LNG TANKER CROSSING THE ARCTIC

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ATLANTIC AMSTERDAM: THE NEW LIFE OF SHELF EXPLORER

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In June 2012 the jack up Shelf Explorer  was discharged from the heavy lift vessel Black Marlin. The transocean owned rig was brought from Singapore...

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A SECOND LNG TERMINAL IN SINGAPORE

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S. Iswaran Singapore minister for Trade & Industry said at a conference in Singapore that the country will take up a feasibility study to see whether...

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SOUND OIL GIVES A NEW LIFE TO RAPAGNANO FIELD, ITALY

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Sound oil, the UK oil and gas explorer focused on Italy, announced that a gas sale  agreement was reached with Steca Energia. The company will its...

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SHELF DRILLING COMPLETES THE ACQUISITION OF 38 RIGS FROM TRANSOCEAN

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Shelf Drilling, a newly-formed provider of drilling services in Asia, Africa and the Middle East, announces  the closing of its $1.05 billion acquisition...

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PANGEA PLANS TO BUILD A NEW LNG EXPORT PLANT IN CORPUS CHRISTI

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ROSNEFT TO DEVELOP THE RUSSIAN FAR EAST

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