North Sea News
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You can post as many numbrs as you like - but they all have to be considered in direct relationship to the installation or potential installation that is being considered.
For new installations all of the potential operastional costs - including decommissioning are rolled up. Given that most of the 'easy' fields have been exploited that means that the more difficult ones have significantly higher costs - some of which will be potential or 'risked' costs. Hence the care for new fields. With so many of them being HP/HT the risked costs can be very large. HP/HT wells are quite liukely to require expensive workovers before the installation design life is reached and that can be massively expensive.
On the other hand, old installations so long as they continue to turn out a reasonable level of production (circe 4000 barrels plus per day) make sense to continue running - if only becuause it means you do not have to reach very deep into your pockets and pay for them to be decommissioned! In these cases the cost of transport of all kinds starts to be pretty critical. So when the economics are run that 'modest' increase in costs is the straw that breaks the camel's back.
Costs are increasing in the N.Sea and that increase really does threaten a lot of the older installations. The overall inflation of costs for labour, support of all kinds and transport will make some of the older installations uneconomic and there will be a general reduction in logistic services. It is simply a question of inflation versus time.
For new installations all of the potential operastional costs - including decommissioning are rolled up. Given that most of the 'easy' fields have been exploited that means that the more difficult ones have significantly higher costs - some of which will be potential or 'risked' costs. Hence the care for new fields. With so many of them being HP/HT the risked costs can be very large. HP/HT wells are quite liukely to require expensive workovers before the installation design life is reached and that can be massively expensive.
On the other hand, old installations so long as they continue to turn out a reasonable level of production (circe 4000 barrels plus per day) make sense to continue running - if only becuause it means you do not have to reach very deep into your pockets and pay for them to be decommissioned! In these cases the cost of transport of all kinds starts to be pretty critical. So when the economics are run that 'modest' increase in costs is the straw that breaks the camel's back.
Costs are increasing in the N.Sea and that increase really does threaten a lot of the older installations. The overall inflation of costs for labour, support of all kinds and transport will make some of the older installations uneconomic and there will be a general reduction in logistic services. It is simply a question of inflation versus time.
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Gasax
I agree with most of what you say but not with your words on older facilities
"it means you do not have to reach very deep into your pockets and pay for them to be decommissioned"
many of the earlier facilities were built in relatively small modules (due to the lack of crane capacity offshore) and are MUCH larger overall than the fields commissioned in the last 10 years
A modern field has been (partly) designed with decommissioning in mind but the older ones can be a nightmare and the de-com cost estimates are often huge
I agree with most of what you say but not with your words on older facilities
"it means you do not have to reach very deep into your pockets and pay for them to be decommissioned"
many of the earlier facilities were built in relatively small modules (due to the lack of crane capacity offshore) and are MUCH larger overall than the fields commissioned in the last 10 years
A modern field has been (partly) designed with decommissioning in mind but the older ones can be a nightmare and the de-com cost estimates are often huge
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Avincis subsidiary BOH win 5 yr contract utilizing 2 S92.
http://www.avincisgroup.com/news-lan...CT+WITH+NEXEN+
http://www.avincisgroup.com/news-lan...CT+WITH+NEXEN+
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Maybe I should try better punctuation!
My point is that decom costs are huge - especially for the older stuff, so the operators are heavily pre-disposed to postponing the awful day as long as possible. Hence interesting strategies like using an old platform for the switchgear for a couple of wind turbines...
My point is that decom costs are huge - especially for the older stuff, so the operators are heavily pre-disposed to postponing the awful day as long as possible. Hence interesting strategies like using an old platform for the switchgear for a couple of wind turbines...
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Indeed - and they are keen to keep third party oil & gas flowing over the platform -so they cut the tariffs severely
I guess no-one wants to have to abandon a platform on their watch - kick it down the road a few years until you've moved on
I guess no-one wants to have to abandon a platform on their watch - kick it down the road a few years until you've moved on
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New 5 Year Contract for Bristow with BP in Shetland Areas
HeliHub: New 5 Year Contract for Bristow
Following a competitive tender process Bristow Helicopters Ltd has been successful in securing a significant new contract to provide helicopter services to BP Exploration Operating Company Ltd. The contract is for a five year term, with an option to extend, and has a value around Ł125million.
Bristow will provide helicopter support for BP's offshore installations to the West of Shetland and in the East Shetland Basin commencing in July 2015 with two sole-use Sikorsky S-92 aircraft based at Sumburgh Airport in Shetland.
Mike Imlach, Director of European Operations for Bristow Helicopters described the BP contract award as "A significant win for Bristow, we look forward to operating a safe efficient service supporting BP's offshore requirements from Sumburgh. This contract also will grow our presence in Shetland, where we already provide Search & Rescue services to the Maritime & Coastguard Agency from Sumburgh Airport and offshore helicopter services to the Integrated Aviation Consortium from Scatsta Airport."
Mark Hardie, BP's UK Logistics Infrastructure Manager, said "BP's major investment programme in the Shetland region will see a significant increase in personnel working offshore, especially on the Clair Ridge and Schiehallion developments. We look forward to working with Bristow to deliver a safe and efficient service for passengers. The contract is good news for Shetland and will provide jobs and an enhanced base at Sumburgh airport to support future developments."
Bristow will provide helicopter support for BP's offshore installations to the West of Shetland and in the East Shetland Basin commencing in July 2015 with two sole-use Sikorsky S-92 aircraft based at Sumburgh Airport in Shetland.
Mike Imlach, Director of European Operations for Bristow Helicopters described the BP contract award as "A significant win for Bristow, we look forward to operating a safe efficient service supporting BP's offshore requirements from Sumburgh. This contract also will grow our presence in Shetland, where we already provide Search & Rescue services to the Maritime & Coastguard Agency from Sumburgh Airport and offshore helicopter services to the Integrated Aviation Consortium from Scatsta Airport."
Mark Hardie, BP's UK Logistics Infrastructure Manager, said "BP's major investment programme in the Shetland region will see a significant increase in personnel working offshore, especially on the Clair Ridge and Schiehallion developments. We look forward to working with Bristow to deliver a safe and efficient service for passengers. The contract is good news for Shetland and will provide jobs and an enhanced base at Sumburgh airport to support future developments."
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Really good win for Bristow. The S 92 is becoming more and more popular . With Bond winning the Nexan contract wth 2 S92 also. The other thing this announcement highlights is CHC lack of commercial success in the Western North Sea region in comparison to there main rivals. I believe Total and Statoil are the next big contract announcements for that part of the North Sea
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Statoil Finds Oil in Barents Sea
Statoil Finds Oil in Barents Sea| Offshore Energy Today
Statoil ASA has together with its partners Eni Norge AS and Petoro AS made an oil and gas discovery in the Skavl prospect in PL532, close to Johan Castberg in the Barents Sea.
Well 7220/7-2 S, drilled by the rig West Hercules, has proven a 22 metre gas column and a 23 m oil column in the Jurassic Tubĺen formation, and a 133 metre oil column in the Triassic Fruholmen formation.
Statoil estimates the volumes in Skavl to be in the range of 20 – 50 million barrels of recoverable oil.
“Statoil puts a lot of effort into proving additional oil resources in the Johan Castberg area in order to make the field development project more robust. We are pleased to see that our efforts now pay off”, says Gro G. Haatvedt, Statoil’s senior vice president for exploration on the Norwegian continental shelf.
“Skavl was the third of the four wells in the Johan Castberg area we have on our drilling plan this year. The first two wells, Nunatak and Iskrystall, proved only gas, but we know from experience that it takes stamina and persistence to succeed in the Barents Sea”, says Haatvedt. “It is also encouraging that we have confirmed a new play model in the area with the oil discovery in the Fruholmen formation, something which will be followed up in future exploration,” Haatvedt continues.
“We are working closely with our license partners to establish a plan for further exploration drilling in the Johan Castberg area. The Drivis prospect has already been approved for drilling in 2014, and we are currently evaluating additional opportunities”, says Haatvedt.
“It is positive that we have proven additional resources in the Johan Castberg area. We will now consider whether the discovery can be included in the Johan Castberg field development. At the same time we are pursuing our effort of maturing the resource base and the field development plans for the project. Changes in the tax framework is one of the elements that has made the project more challenging,” says Erik Strand Tellefsen, Statoil’s vice president for field development in Northern Norway.
Statoil is operator for production licence PL532 with an ownership share of 50%. The licence partners are Eni Norge AS (30%) and Petoro AS (20%).
Well 7220/7-2 S, drilled by the rig West Hercules, has proven a 22 metre gas column and a 23 m oil column in the Jurassic Tubĺen formation, and a 133 metre oil column in the Triassic Fruholmen formation.
Statoil estimates the volumes in Skavl to be in the range of 20 – 50 million barrels of recoverable oil.
“Statoil puts a lot of effort into proving additional oil resources in the Johan Castberg area in order to make the field development project more robust. We are pleased to see that our efforts now pay off”, says Gro G. Haatvedt, Statoil’s senior vice president for exploration on the Norwegian continental shelf.
“Skavl was the third of the four wells in the Johan Castberg area we have on our drilling plan this year. The first two wells, Nunatak and Iskrystall, proved only gas, but we know from experience that it takes stamina and persistence to succeed in the Barents Sea”, says Haatvedt. “It is also encouraging that we have confirmed a new play model in the area with the oil discovery in the Fruholmen formation, something which will be followed up in future exploration,” Haatvedt continues.
“We are working closely with our license partners to establish a plan for further exploration drilling in the Johan Castberg area. The Drivis prospect has already been approved for drilling in 2014, and we are currently evaluating additional opportunities”, says Haatvedt.
“It is positive that we have proven additional resources in the Johan Castberg area. We will now consider whether the discovery can be included in the Johan Castberg field development. At the same time we are pursuing our effort of maturing the resource base and the field development plans for the project. Changes in the tax framework is one of the elements that has made the project more challenging,” says Erik Strand Tellefsen, Statoil’s vice president for field development in Northern Norway.
Statoil is operator for production licence PL532 with an ownership share of 50%. The licence partners are Eni Norge AS (30%) and Petoro AS (20%).
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Helicopter lands safely after emergency is declared at Sumburgh Airport
Helicopter lands safely after emergency is declared at Sumburgh Airport | The Shetland Times Ltd
A full emergency was declared at Sumburgh Airport this morning when an incoming Bristow helicopter with 20 people on board alerted Shetland Coastguard of a problem.
The “pan pan” message conveying a “state of urgency” with the helicopter needing to land was received at 10.15am by coastguards, who alerted teams from Lerwick, Sumburgh and Noness to respond.
Fire appliances from Lerwick and Sandwick were called to the scene and stood by while the helicopter landed safely. No-one was injured in the incident.
The “pan pan” message conveying a “state of urgency” with the helicopter needing to land was received at 10.15am by coastguards, who alerted teams from Lerwick, Sumburgh and Noness to respond.
Fire appliances from Lerwick and Sandwick were called to the scene and stood by while the helicopter landed safely. No-one was injured in the incident.
Fit like min?
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Marathon
BBC News - Marathon Oil selling UK offshore assets
The latest to put its assets in the UKCS up for sale; in this case its entire UK assets including Brae. Wants to concentrate on shale oil/gas in the US apparently, seeing greater value there.
Any implications for CHC depending on who picks up the assets?
Impression I get is the larger North American companies are beginning to draw back from the North Sea - Talisman, Chevron (allegedly) & now Marathon.
The latest to put its assets in the UKCS up for sale; in this case its entire UK assets including Brae. Wants to concentrate on shale oil/gas in the US apparently, seeing greater value there.
Any implications for CHC depending on who picks up the assets?
Impression I get is the larger North American companies are beginning to draw back from the North Sea - Talisman, Chevron (allegedly) & now Marathon.
"Helicopter lands safely". That hardly counts as 'North Sea News', does it Sav?
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Cockpit ergonomics has been attentively developed for the past 20 years but cabin ergonomics doesn't seem to have received quite the same attention from some manufacturers. The S92 cabin is considered by many to be best in class and safest in class.
Thread Starter
[WARNING: Bravo73 TURN AWAY NOW]
CHC Super Puma cockpit warning
Another chopper alert | Shetland News
CHC Super Puma cockpit warning
A SECOND full scale helicopter emergency in four days was launched at Sumburgh airport on Monday when a Super Puma with 19 people on board put out an alert.
The CHC operated aircraft was 60 miles east of the airport when a warning light went off in the cockpit.
Three fire engines, two police cars and an ambulance were on the scene when the chopper landed safely shortly after 3.30pm.
On Friday a Sikorsky S-92 operated by Bristow sparked a similar alert when a warning light was activated as it flew oil workers offshore, eventually landing safely at Sumburgh.
The CHC operated aircraft was 60 miles east of the airport when a warning light went off in the cockpit.
Three fire engines, two police cars and an ambulance were on the scene when the chopper landed safely shortly after 3.30pm.
On Friday a Sikorsky S-92 operated by Bristow sparked a similar alert when a warning light was activated as it flew oil workers offshore, eventually landing safely at Sumburgh.