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  1. North Sea Huntington uplift boosts Premier’s production

    Offshore staff LONDON – Premier Oil ’s UK offshore production surpassed 40,000 boe/d during 4Q 2016. This was due largely to contributions from the portfolio of interest the company acquired from E.ON and increased output from the Solan field west of Shetland. In the UK central North Sea, the Huntington field averaged 10,800 boe/d last year, above expectations, due to high uptime and strong reservoir performance. With further well management, Premier aims to maintain this level during 2017. Production from the Total-operated Elgin-Franklin field, in which the company is a partner, also rose as a result of infill drilling, and more infill wells are planned this year. This spring Premier will switch to not normally manned operation of the Babbage field in the southern gas basin to reduce opex for the remainder of the field’s life, and also plans well interventions to maintain production levels. Solan’s performance fell below expectations due to a later than anticipated start-up and poorer than expected reservoir performance which is limiting water injection and P2 production rates. Actions to address this are under way, and including short-term increases in water injection pump capacity and other possible modifications later in the year. Production from Solan will likely stabilize at 10-13,000 boe/d this year with any material uplift from remedial action not expected before 2018. Otherwise production efficiency of the facilities has been good and six oil tanker offloadings have been successfully completed. In the central North Sea, Premier is targeting first oil from the Catcher project later this year and total capex of $1.6 billion, 29% lower than the sanctioned estimate. Eight development wells have now been completed.  Most recently, the second well on the Varadero template (VP3) was completed in December and, while constrained by surface equipment on the rig, achieved 8,000 boe/d on clean up. Due to a combination of strong well results and well placement optimization, Premier has reduced the well count for the base plan to 20 wells. The only subsea campaigns remaining, and due to start in June, are the tie-in of the new wells drilled and supporting hookup of the FPSO, which is due to sail from Singapore around mid-year. In the southern North Sea, Premier expects the Tolmount project to benefit from a higher gas price. Development planning is focused on a standalone normally unattended platform and a new gas export pipeline to shore, with a formal approval process to follow during the current quarter. Thereafter, Premier expects to award front-end engineering and design (FEED) with the FEED program starting shortly afterwards. 01/12/2017

    Online Articles

    Online Articles

    Thu, 12 Jan 2017

  2. SapuraKencana wins work offshore Malaysia, Brunei

    SapuraKencana Petroleum Berhad has provided an update on the recent contracts awarded to its subsidiary companies, which total about $300 million.

    Online Articles

    Online Articles

    Mon, 9 Jan 2017

  3. Serica scales back development scope for North Sea Columbus

    Serica Energy continues to seek a solution for its Columbus field in the UK central North Sea.

    Online Articles

    Online Articles

    Tue, 10 Jan 2017

  4. Shell Midstream Partners acquires stakes in Gulf of Mexico pipelines

    Shell Midstream Partners has acquired stakes in three companies that operate Gulf of Mexico oil and gas pipelines from BP.  

    Online Articles

    Online Articles

    Sun, 1 Jan 2017

  1. ONGC poised to take on operatorship of Deen Dayal West offshore eastern India

    Online Articles

    Online Articles

    Fri, 30 Dec 2016

  2. Azerbaijan extends ACG development term through 2050

    SOCAR and the BP-led Azerbaijan International Operating Co. have signed a letter of intent for future development of the Azeri-Chirag-Gunashli field in the Caspian Sea.

    Online Articles

    Online Articles

    Fri, 30 Dec 2016

  3. State officials wanted OCS off California included in permanent ban

    California Gov. Jerry Brown (D) and Coastal Commission Chair Dayna Bochco each asked US President Barack Obama on Dec. 13 to add federal waters off the state’s coast to portions of the US Outer Continental Shelf he permanently closed to future oil and gas activity a week later under Section 12-A of ...

    Online Articles

    Online Articles

    Wed, 28 Dec 2016

  4. Otakikpo oil pipeline in Nigerian swamp zone nears completion

    Lekoil says oil is flowing at the Otakikpo marginal field to onshore storage tanks.  

    Online Articles

    Online Articles

    Fri, 9 Dec 2016

  5. Shell, Total join Iran-Oman gas pipeline talks

    Representatives of Shell, Total, and Korea Gas Corp. have met with Iranian and Omani officials to discuss potential cooperation in Iran’s project for an overland/ offshore pipeline exporting gas to Oman.

    Online Articles

    Online Articles

    Mon, 14 Nov 2016

  6. Genesis completes acquisition of Enterprise offshore pipeline and services business

    Genesis Energy LP has completed the acquisition of Enterprise Products Partners LP’s offshore pipeline and services business from Enterprise and its affiliates previously announced on July 16. The purchase price was approximately $1.5 billion.

    Online Articles

    Online Articles

    Fri, 24 Jul 2015

  7. All first-phase wells in place at Otakikpo offshore Nigeria

    Lekoil says welding and installation work continues on the offshore pipeline for the Otakikpo development in a swamp location in Nigeria’s OML 11 lease.

    Online Articles

    Online Articles

    Thu, 15 Sep 2016

  8. FES to deliver first CALM buoy swivel to China

    FES International has developed new technology for a China-based marine equipment manufacturer.

    Online Articles

    Online Articles

    Fri, 16 Dec 2016

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