Global integrated drilling waste management and environmental services firm, TWMA, has recently secured a £1.5million contract with Apache on the WilPhoenix platform in the North Sea Beryl field.

As part of TWMA’s fully integrated waste management solution, the one year (with one year option) contract will utilise the company’s award-winning TCC RotoMill® for offshore processing and EfficientC® for cuttings transfer and distribution.

TWMA’s TCC RotoMill® on the WilPhoenix platform

Chief operating officer, Neil Potter, said: “We have built a strong relationship with Apache over the last five years, and are delighted to have been selected to support on the WilPhoenix project. We also supported a previous drilling campaign on this platform last year and have ongoing contracts with Apache including the provision of EfficientC® bulk transfer services on the Beryl Bravo and Alpha platforms and onshore processing services for those and other Apache installation platforms.”

The provision of bulk transportation involves directly pumping drill cuttings from storage tanks onboard the rig to a supply vessel, then transporting the drilling wastes to an onshore processing facility.

Neil added: “This continuation of our services across Apache’s North Sea projects is major recognition of our ability to offer the best possible integrated solutions for effectively managing drilling waste both on and offshore, and testament to the strong relationships we consistently build with our customers.”

Penspen and Dar Al Handasah, operating as a joint venture, have been awarded a new project management contract by Kuwait Gulf Oil Company to manage the engineering, procurement and construction of a new gas and condensate pipeline. The pipeline runs both offshore and onshore from Khafji in Saudi Arabia to the final destination of Mina Al Ahmadi in Kuwait.

The two companies, both members of the Dar Group, have been providing FEED and project management services for this new pipeline since March 2010. The project is now at an advanced stage and will be completed under this new contract, which is set to run for 18 months.

Penspen’s EVP for Project Performance Chris Williams said:

“We have had a really good relationship with KGOC since we started on the FEED and we look forward to being involved right through to commissioning. We see this as a really interesting project involving facilities, multi phase flow and both onshore and offshore pipelines. The combined strengths of Dar’s track record in the region and Penspen’s broad technical expertise have made our partnership a real success”.

About Penspen

Penspen is an energy services company that is committed to shaping the delivery of tomorrow’s energy by helping its clients engineer and operate their assets across the entire project lifecycle, maximising returns and delivering technical excellence.

We have over 60 years of experience helping our clients develop new energy assets by providing customised engineering and project management services, and by assisting them with the rehabilitation of existing energy assets to maximise productivity and efficiency.

Penspen was founded in the UK in 1954 as Spencer & Partners and has grown to become a global organisation with major offices in London, Aberdeen, Houston, Villahermosa, Abu Dhabi, Bangkok and Singapore.

About Kuwait Gulf Oil Company

The Kuwait Gulf Oil Company (K.S.C) was founded on February 10, 2002 to represent the State of Kuwait in the Divided Zone. It began its primary role in that regard on January 5, 2003 when it took over the management of Kuwait DZ off shore area from the Arabian Oil Company Ltd. on the expiry of that company’s concession agreement.

The Divided Zone was established between the State of Kuwait and the Kingdom of Saudi Arabia as a buffer zone along the International Boundary between the two countries in an effort to improve cooperation for development projects in the border areas. The explored hydrocarbon resources are equally shared between the State of Kuwait and the Kingdom of Saudi Arabia, and the exploitation is managed through a Joint

Operations Committee established between the two countries.

In 2006, KGOC took over the responsibility to manage Kuwait share of the resources in the on-land Divided Zone that had been carried on by the Kuwait Oil Company. Since then, KGOC is responsible of managing all of the shared resources in the DZ (onshore & offshore).

Wood Group has been awarded a multimillion dollar contract to provide detailed engineering and design, and procurement services to South Atlantic Holding (owned by Statoil and partner Sinochem) for the development of the Peregrino field wellhead platform C, offshore Brazil. Wood Group Mustang will perform the work for Kiewit Offshore Services (KOS), a leading fabricator for the oil & gas industry. Wood Group Mustang completed the front-end engineering and design for wellhead platform C in 2015 and previously designed wellhead platforms A and B.

Peregrino field. Photo courtesy: Statoil

Michele McNichol, CEO of Wood Group Mustang, said: “Wood Group Mustang’s proven ability to deliver cost-effective and efficient solutions was a key enabler to obtaining the contract.”

This contract adds to Wood Group’s portfolio of services provided to Statoil. The two companies recently signed a master services agreement for Wood Group to support the lifecycles of Statoil’s onshore and offshore facilities. Wood Group Mustang is currently delivering maintenance and modification services to four Statoil installations on the Norwegian continental Shelf (NCS). Wood Group PSN is also supporting the Peregrino field, providing operations, maintenance and modification services for the existing wellhead platforms, and modification services for the floating production storage and offloading facility.

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 license for the Utgard field.

leipner field North Sea. (Photo: Øyvind Hagen / Statoil)

Through this transaction Statoil now has a 100% interest in UK Continental Shelf license P312 which, with Norwegian Continental Shelf license 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.

The energy industry’s only Standard for the warranty approval of marine operations has been published today by DNV GL. The Standard is the first to deploy a digital solution that provides users with information most relevant to a specific project.

DNV GL Standard DNVGL-ST-N001 Marine operations and marine warranty, documents design and operational requirements for the temporary phases in the development of offshore assets, including transportation by water. It covers the entire value chain, from fixed steel and concrete platforms and FPSOs to subsea operations, pipe and cable lay, and offshore wind.

The energy industry’s only Standard for the warranty approval of marine operations is available online. The Standards Wizard avoids industry professionals having to sift through a 500-page Standard to look for information relevant to their project.

Kim Rolfsen, Global Service Area Leader - Noble Denton marine services, DNV GL - Oil ＆ Gas, says the Standard draws upon more than five decades of expertise in the review and approval of marine operations. “DNV GL pioneered the concept of marine warranty surveying in the 1960s. Since that time, our legacy businesses have been the industry’s only organizations to continually produce industry standards for marine operations and warranty approvals. They have been followed by most marine contractors and even adopted by our competitors.

“The new Standard combines best practice including legacy DNV’s strengths in technical and analytical detail, and legacy GL Noble Denton’s practical guidance on avoiding technical pitfalls.”

Industry professionals can submit details about the type of asset, operation and structural code, using the MyDNVGL customer portal. The company’s online Standards Wizard will then select the pertinent information from DNVGL-ST-N001 Marine operations and marine warranty.

Mike Hoyle, Head of advanced engineering - Noble Denton marine services, UK, DNV GL - Oil & Gas, explains the benefits “This avoids industry professionals having to sift through a 500-page Standard to look for information relevant to their project. The wizard generates a simple and clear document showing the elements of the Standard needed to get on with the specific job.”

The common Standards, which have been developed with input from companies in the marine sector, also give greater flexibility to industry professionals than before. For example, users can follow either the LRFD or ASD/WSD structural assessment approach when using the Standard to plan and execute marine operations.

“We support customers in their challenges with our dedicated service portfolio which is constantly updated to the changing business environment and technologies. I believe this new digital solution will help our customers to be even more efficient,” says Elisabeth Tørstad, CEO of DNV GL – Oil & Gas.

DNV GL’s new Standard DNVGL-ST-N002 Site specific assessment of mobile offshore units for marine warranty will also be hosted on the company’s new Standards Wizard later this year.

DNV GL’s new marine Standards will be available from the MyDNVGL portal when they are published. Register here.

Churchill Drilling Tools, an oil and gas engineering company specializing in dart activated string technology, is celebrating after winning the acclaimed Grampian award for innovation at the 2016 Elevator Awards.

The company won the award for the development of its HyPR HoleSaver™ hydraulic pipe recovery tool. The tool represents the world’s first hydraulic pipe and hole recovery system – offering a fast and dependable insurance technology against stuck pipe situations, in turn enabling maximum recovery of hole and drill string.

From left to right: Mike Churchill, CEO & Commercial Director, Churchill Drilling Tools, Anke Heggie, Company Growth Support Director, Scottish Enterprise, Andy Churchill, Chairman & Technical Director, Churchill Drilling Tools

Since launch in late 2014, the HyPR HoleSaver™ has been recognized as an innovative contingency solution for drilling operations and has been utilized as an insurance against stuck pipe in several challenging territories, including the North Sea, the Gulf of Mexico and the Middle East.

Utilizing ordinary drilling mud, the user-operated HyPR™ jetting dart can cut through a full strength sub in under two hours. Drilling engineers have the option of using either a Cementing Dart which allows for rapid side-tracking after cementing operations or if an attempt to fish the BHA is preferred, a Fishing Dart can be pumped down, leaving a clean box to fish once the dart has cut the string free; the dart is then carried back to the surface as the cut pipe is withdrawn.

The tool was developed in house by Churchill Drilling Tools, a family owned firm led by Chairman Andy Churchill and CEO Mike Churchill. Aware of the time consuming traditional methods of cutting stuck pipe and mindful of industry demand for a safer, more reliable, cost effective, user operated technology, Churchill Drilling Tools devised the HyPR™ HoleSaver™ concept in 2013. Development proceeded at pace and after several iterations, intensive proof of concept and rig testing, the tool came to market in the last quarter of 2014. The Grampian Award for Innovation has enhanced Churchill Drilling Tools’ reputation as a technology leader in drilling, completions and abandonment tools. Andy Churchill said: “It is an honor for Churchill Drilling Tools to win in this category because it recognizes our team’s continued commitment to innovation and technical excellence - coinciding with a time where the industry is being urged to adopt new methods and support new technology.

“The HyPR HoleSaver™ reflects the demands of the industry for cost effective answers to the challenges it faces. The product and the award is further evidence of Churchill’s commitment to developing specialist tools which continue to save operators time and money in new and exciting ways.”

The Elevator Awards seek to encourage entrepreneurship and business excellence by selecting and rewarding entrepreneurial companies and individuals that are capable of leading the future prosperity of their local area and international places of business.

Subsea Innovation, one of the world leading subsea equipment suppliers with over 25 years’ experience delivering projects into the offshore industry, has announced the securing of a multi-million pound order from engineering, construction and service experts Subsea 7 i-Tech Services.

Photo credit: Subsea Innovation

The order which is one of the largest of its type in the world is to provide 5 ROV installed Structural Pipeline Repair Clamps which will form part of an Emergency Pipeline Repair Systems (EPRS) supporting pipelines off the North and Northwest coasts of Australia. The systems will act as contingency in the event that the main trunk lines transporting the gas need to be repaired. The 5 systems cover pipes across a range of diameters between: 20” and 44”. The project is a significant award for the company and follows on from a successful 2015 which delivered a record turnover of over £11m. The designs will be tested to DNV pipeline tolerances at up to 328 bar.g and are suitable for operating temperatures ranging from 0 - 75°C. The design and build process will be monitored and certified to the exacting standards of the internationally recognized body DNV.

In addition to clamps Subsea Innovation also offer a full range of structural pipeline connectors suitable for EPRS amongst other offshore tie in operations and have earlier this year delivered a pair of 16” Connectors to RasGas in Qatar as part of another significant order. Past projects have seen these products successfully deployed off the coasts of the Middle East, USA, Europe and also in Trinidad.

Finance Director Phil Heathcock said “Securing this contract from Subsea 7 i-Tech Services demonstrates our capability to secure one of the largest EPRS orders available in the world and we look forward to working with our client and the operators to deliver this project on time, on spec and in budget”.

Subsea Innovation will deliver the project from its recently built headquarters, Innovation House, ideally situated on the Faverdale Industrial Estate near Darlington, which provides excellent transport links by road, rail and air. The office building and 40,000 ft2 manufacturing facility, originally opened in November 2014 by HRH The Duke of Gloucester, boasts world class facilities for a business of this type which includes manufacturing bays serviced by overhead cranes of up to 60 tonnes, on site machining, a PU manufacturing facility and a floodable test pit to provide indoor wet testing of subsea systems.

When warping analysis is required during design of certain types of beam offshore structures, it can involve many costly hours of manual calculations by senior engineers. With the new release of Sesam GeniE software, the most common methods of performing such analyses can be done automatically, saving time and resources.

Automatic warping analysis
“With the new release of Sesam GeniE, we have included automatic calculation of warping using the three most commonly used methods,” says Ole Jan Nekstad, Product Director for Sesam, DNV GL - Software. The software will free up engineering resources, as senior engineers will be freed up from the rote task of performing manual warping analysis. The number of total engineering hours will be reduced, as the calculation of one beam with an open section can often take many hours to calculate manually.

SesamGeniE – Tubular joints Image credit: DNV GL

These new capabilities, significantly increasing the efficiency of beam design, come alongside meshing technology enhancements that strengthen Sesam’s leading position for topside local design. With the new Sesam GeniE, jacket design reanalysis including code check and report update can take up to 50 percent less time for engineers to complete. The code check modeling technique is flexible, combining multiple methods.

Leaders in offshore engineering
“With this release we confirm our position as a leading provider of the industry’s most efficient engineering solution,” says DNV GL - Software CEO, Are Føllesdal Tjønn. “In times where everyone is chasing cost reduction we enable this by continuously working closely with users, creating efficient solutions and implementing best practices for engineering tasks. Sesam is used across asset types such as ships, MOUs, jackets, subsea and topsides, allowing engineering activities to be organized in the most cost-efficient way,” he says.

“With Sesam, engineers have flexibility,” says Nekstad. “The new warping analysis capabilities can save the cost of having a senior engineer do manual calculations, which can mean days of work, depending on the project. Manual calculations are complex and also more subject to error. With automatic warping analysis, the results will be the same every time.” he says.

The American Institute of Steel construction (AISC) Torsion guide book includes nine rules for calculating warping torsion, where extra loads are added. Sesam GeniE now supports rules 3, 4 and 7, which are the most commonly used rules. In addition the new Sesam GeniE, version 7.3, has significantly improved calculations for marine growth, making fatigue analysis and load calculation more accurate.

Delmar Systems, Inc. has completed mooring operations and successfully installed Delmar OMNI-Max® anchors with InterOcean’s proprietary Rig Anchor Releases (RARs) on each of the eight preset mooring lines on the semi-submersible MODU ENSCO 8503.

The OMNI-Max and RAR preset system was used to save critical path rig time during disconnect transit operations from offshore drilling sites at several locations in the US Gulf of Mexico. Using this system, along with Delmar’s efficient offshore execution, resulted in significant time savings during each disconnection operation. In addition, the OMNI-Max’s ease and speed of installation and smaller size saved valuable mobilization and preset installation time.

Using the Rig Anchor Release (RAR) gives the ENSCO 8500 class rigs the flexibility to compete for a number of operator selected projects by allowing the rigs to be used in both straight DP mode or moored mode. The rig is also able to quickly disconnect and move off location for a storm event, providing low-risk operations during hurricane/cyclone season.

“We designed a preset mooring system coupling the RARs with our OMNI-Max anchors, which enables the rig to efficiently disconnect and connect at the next location. DP rigs with mooring capability give the operators increased flexibility in selecting rigs for a variety of projects, whether deep or shallow water, while optimizing station keeping operations. This time savings and flexibility has proved to be a significant financial benefit to the operators,” said John Shelton, Delmar’s Engineering Manager.

InterOcean Systems LLC, an affiliate of Delmar Systems, Inc., designs and manufactures its proprietary RARs and other specialized oceanographic, environmental, and remote oil spill detection systems and equipment.

Headquartered in Broussard, LA, Delmar Systems has provided mooring and subsea installation services for over 48 years to every oil and gas region around the globe, with offices strategically located to serve the offshore industry in the world’s most challenging offshore environments.

McDermott International, Inc. (NYSE:MDR) announced on Monday, June 27, it has been awarded a $454 million USD contract from PEMEX Exploracion y Produccion for engineering, procurement, construction & installation (EPCI) for the Abkatun-A2 platform.

McDermott will provide a vertically integrated, turnkey EPCI solution to build and commission the platform and associated structures utilizing its project management and engineering team in Mexico. The Abkatun-A2 platform is McDermott’s largest project in size and total value to-date for PEMEX. The platform will be located in Mexico’s Bay of Campeche in 124 feet of water and will provide replacement and expansion capabilities to the existing Ku-Maloob-Zaap, Cantarell and Ayatsil facilities.

McDermott will manufacture structures for the Abkatun-A2 project at the Altamira, Mexico fabrication facility, shown here during the successful load out of the PB Litoral A project. Photo credit: McDermott

“McDermott provided the most efficient and technically compliant solution leveraging our capabilities in Mexico and our recent experience with PEMEX on the successful completion of the complex PB Litoral project,” said Scott Munro, McDermott Vice President for Americas, Europe and Africa. “Our fully-integrated solution will be led by our team in Mexico, including project management, procurement, engineering, fabrication and installation. This allows us to optimize all phases of the project.”

McDermott will manufacture structures for the Abkatun-A2 project at the Altamira, Mexico fabrication facility. The yard is strategically positioned as a free trade zone and provides fabrication services for the Gulf of Mexico and Americas. The yard is known for its high-quality craftsmanship and exemplary safety standards. McDermott is expected to utilize the Derrick Barge 50 and the Intermac 650, the world’s second largest float-over installation vessel.

“McDermott has focused on several initiatives to lower costs and increase operational effectiveness to become more competitive in the market,” added Munro. “Those efforts, coupled with key strategic decisions that maximize operations and execution in Mexico, directly contributed to the positive outcome of this award and will differentiate McDermott from our competitors for continued growth and success.”

The contract award will be reflected in McDermott’s second quarter 2016 backlog. Engineering and procurement activities will commence immediately with fabrication scheduled to begin in late 2016 followed by offshore activities in 2018. Handover to Pemex is scheduled for fourth quarter of 2018.

Woodside announces that with Joint Venture participant Mitsui E&P Australia, the Greater Enfield Project has been approved for development.

Located 60 km off Exmouth in Western Australia within Commonwealth waters the project will develop the Laverda Canyon, Norton over Laverda (WA-59-L) and Cimatti (WA-28-L) oil accumulations. These reserves will be produced via a 31 km subsea tie-back to the Ngujima-Yin floating production storage and offloading (FPSO) facility, located over the Vincent oil field.

Photo credit: Woodside

Woodside CEO Peter Coleman said that monetizing Greater Enfield was made possible by breakthroughs in the development concept, technology and contracting.

“We have achieved investment spend at the low end of our guidance range by leveraging the latest technologies and using existing FPSO infrastructure. This allows us to accelerate the development of previously stranded resources.

“Greater Enfield is a demonstration of our phased and sustainable approach to growth,” he said.

The Greater Enfield Project requires development of six subsea production wells and six water injection wells. Production will be supported by subsea multiphase booster pumps in the Laverda area and gas lift in the Cimatti area.

The project is targeting development of gross (100%) 2P reserves of 69 MMboe (net Woodside share of 41 MMboe) from the Laverda Canyon, Norton over Laverda and Cimatti oil accumulations. Woodside reserves will increase by 41 MMboe in conjunction with the approval of the project for development.

The total investment for the project is approximately US$1.9 billion total cost (approximately US$1.1 billion Woodside share) with first oil expected in mid-2019.

The Greater Enfield Project is a joint venture between Woodside Energy Ltd (Operator, 60%) and Mitsui E&P Australia Pty Ltd (40%).

Reserves and Resources as at 31 December 2015

In conjunction with this release, the Woodside reserves presented in the Reserves Statement dated 31 December 2015 (included in the 2015 Annual Report) will increase by 41 MMboe at the 2P confidence level to 1549 MMboe. Woodside Best Estimate Contingent Resource (2C) will decrease by 41 MMboe to 4439 MMboe as a result of booking the new reserves.

Reporting of Laverda Canyon, Norton over Laverda and Cimatti (oil) reserves

1. At the date of this release, the Laverda Canyon, Norton over Laverda and Cimatti oil accumulations reserves (at the 2P confidence level) are gross (100%) 69 MMboe recoverable oil, of which Woodside’s net economic interest is 41 MMboe. The reserves estimate has been calculated using probabilistic methods and based on a deterministic development scenario (a subsea tie-back to the Ngujima-Yin FPSO facility utilising existing technology).

2. Woodside holds a 60% interest (Operator) in Petroleum Production Licences WA-59-L and WA- 28-L covering the three accumulations.

3. The reserves for the three accumulations are undeveloped and the reserves estimate has been calculated on the basis of statistical aggregation of uncertainty distributions for the three accumulations, as part of the technical and assurance work undertaken to support the final investment decision to proceed with the project.

4. First oil via the Ngujima-Yin FPSO facility is expected in mid-2019. Marketing arrangements as part of the existing operations on the FPSO facility will be utilised for the project. Primary environmental approval for the Greater Enfield (Vincent) Development is in place. Secondary environmental approvals will be obtained by Woodside (as Operator) in due course to support project activities.

LQT Industries, LLC, a full-service provider of high quality accommodation facilities, design-build construction services, and support services to the oil and gas industry, has been awarded projects to fabricate and outfit modular buildings and specialty equipment for customers in the petrochemical and offshore Gulf of Mexico markets.

“LQT is pleased to announce these awards especially since 2 of the 3 awards are from first time customers,” said Blake Boudreaux of LQT Industries. “LQT continues to expand their customer base, both domestic and internationally. LQT’s industrial focus is gaining momentum with work in fire and safety, new build construction, and building and equipment rentals.”

The first project was awarded by an engineering group based in Asia consisting of a steel blast rated control building that will be located inside a major petrochemical facility. The project is scheduled to be completed in 2016.

LQT was also awarded a project for the construction and outfitting of multiple modular living quarters for an offshore platform in the Gulf of Mexico.

Finally, LQT has been awarded a contract for the fabrication of specialized equipment that will be utilized by a major offshore production company. The project will be complete in the 3rd quarter 2016.

All of the projects will be completed at LQT’s Fabrication Facility in Abbeville, LA, which specializes in designing and fabricating various types of modular structures including blast rated buildings, MCC buildings, and accommodation buildings.

Lloyd’s Register (LR), a leading provider of integrity, compliance and specialist risk consulting services, announced they have extended rig integrity support for the Deepwater Invictus drilling rig. The company’s expertise in blow-out preventors (BOPs) and rig integrity will be used to provide confidence in how risk is managed for deepwater drilling and well exploration.

Kevin Comeau, Dynamic Positioning / Power Management & Marine Safety Systems Manager at LR says: “We have had a team supporting the Gulf Of Mexico (GOM) drilling program on board Deepwater Invictus and it is this same team that has been requested for BHP Billiton’s drilling program in Trinidad. Although the core part of our work is on BOP operation, rig integrity and compliance, we will also provide expertise in performing inspections, risk assessments and training for personnel working on the rig.”

The BOP is often the final line of defense for protecting life and the environment and so there is high demand for a transparent and well-structured risk assessment approach that helps rig owners and operators to monitor the BOP’s safety performance.

A subsea BOP is a special system which is highly regulated and among one of the few pieces of equipment that combines multiple functions such as drilling and operations control, a tool for preventing risk and supporting emergency response procedures. BOPs were developed to cope with extreme erratic pressures and uncontrolled flows emanating from well reservoirs during drilling. These factors mean that simple component failures can cause drilling operators to be exposed to severe risk.

Before the market downturn, LR was reviewing more than 350 drilling rigs each year. The company has unmatched expertise in the provision of maintenance and asset management services, specifically designed to meet the needs of the drilling industry.

“As the industry looks to implement new, be

st-in-class offshore drilling operations, we believe we have a great deal to contribute to the conversation,” highlighted Comeau. “Developments in BOP underline that new technology is not a barrier. It is seen as the catalyst for better performing oil and gas sector and a competitive necessity among the key operators.

“Our work with BHP Billiton is a great example of how synergies between companies can lead to innovative risk and reliability work that help make the industry more reliable, better performing and safer.”

Deepwater Invictus was delivered in 2014 and is IMO registered vessel 9620592 with a gross tonnage of 68034. It has a rated drill depth of 40,000 ft. The continuation of support for the Trinidad drilling campaign with BHP started in May 2016.

On July 2015 Qatar Petroleum (QP) invited a number of international oil companies to participate in a competitive tender process regarding the future development of the Al Shaheen oil field in Qatar. Presently Maersk Oil is the operator of the field and the current 25 year production sharing agreement expires in July 2017.

Earlier this year Maersk Oil submitted its bid in the tender. QP has today communicated that they have selected another oil company as partner for the future development of the Al Shaheen field.

Photo courtesy: Maersk Oil

“Maersk Oil presented a highly competitive technical and commercial proposition based on more than 20 years of technical knowledge and experience working with the Al Shaheen field,” says CEO in Maersk Oil, Jakob Thomasen.

During the past 24 years Maersk Oil and QP have together developed the Al Shaheen Oil field into Qatar’s largest off-shore producing oil field. Under the terms offered by Qatar Petroleum, a minority shareholding for Maersk Oil in the new joint venture would have created a marginal impact on the Maersk Group earnings in the years ahead.

Maersk Oil will continue to operate Al Shaheen until the end of the current license in July 2017. Leading up to the expiry of the existing production-sharing agreement Maersk Oil will work together with QP to support a safe and efficient transition of the existing operations to the new operatorship. “Maersk Oil is growing as a result of improved operating performance and with major projects like Culzean in the UK and Johan Sverdrup in Norway, we continue adding new production through to the end of the decade. We will continue to deliver in the years ahead based on a strong operational performance and cost focus and ensure that our major projects are executed on time and on budget,” says Jakob Thomasen.

Maersk Oil will be redeploying a number of its employees which today are based in Qatar elsewhere in its global organization. The majority of remaining employees in Qatar are expected to be offered employment by the new operator. A.P. Møller - Mærsk A/S’ financial outlook for 2016 remains unaffected and no need for write-downs will occur. The Group’s reserves and resources (by end of 2015 2P + 2C of 1,141 million boe) will not be impacted by the expiration of the agreement.

Det norske oljeselskap ASA has awarded two new frame agreements to DNV GL covering the wide range of services DNV GL provides in the field of verification, Inspection and HSEQ. The contract period is for four years with potential to extend.

Ivar Aasen, Det Norske

“This is a good news for DNV GL and we are delighted to be extending our relationship with Det norske. I believe DNV GL’s experience of over 40 years in the oil and gas industry and our technical know-how will contribute to Det norske becoming the leading independent E&P company on the Norwegian Continental Shelf,” says Kjell Eriksson, regional manager for DNV GL – Oil & Gas in Norway.

“We will assist Det norske by giving advice and support in decision making, stand-alone assessments, and working in an integrated way in Det norske's organization. The proximity to Det norske at all four locations in Norway (Stavanger, Trondheim, Harstad and Oslo) makes it even easier to be readily available whenever needed.” Eriksson further adds.

Aqueos Corporation, a ‘World Class Subsea Service Provider℠’, is pleased to announce it has achieved the ISO 9001:2008 (Quality Management System), ISO 14001:2004 (Environmental Management System), and OHSAS 18001:2007 (Occupational Health and Safety Management System) standards as certified by the ISO accredited certification body, Det Norske Veritas (DNV).

“Only a few companies in the world have ever completed an integrated, triple audit and received all certifications in their first year of evaluation, a significant accomplishment for the team at Aqueos. These certifications serve to recognize our quality management system, while enabling us to streamline our processes and ensure they are in line with international standards and client expectations” comments Aqueos President and CEO, Ted Roche.

Roche further commented, “We are truly proud of achieving the integrated ISO 9001, ISO 14001, and OHSAS 18001 certifications. Even in these difficult market conditions, the team at Aqueos continues its mission to become a ‘World Class Subsea Service Provider℠’ through continuous improvement and remaining focused on our core value of safety.”

Aqueos Corporation, with offices in Broussard, LA and Ventura, CA, provides marine construction and specialty subsea services, including a complete range of commercial diving, remotely operated vehicles (ROV’s) and vessel-related services primarily to the offshore oil and gas markets.