Following the successful completion of the pre-production well test in September 2012 and a new 3D seismic survey, Xcite Energy announces the results from its updated reserves assessment report as prepared by TRACS. Highlights · Mean PIIP for the Bentley field of 909 MMstb, increased from 550 MMstb as previously reported in February 2012. · [...]
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Bentley Systems, Incorporated, the leading company dedicated to providing comprehensive software solutions for sustaining infrastructure, has announced the release of SACS version 5.5 – software that expands installation capabilities, integrates new wind turbine platform design functionality, and introduces floating analysis for offshore vessels. Leveraging Bentley’s November 2011 acquisition of Perth-based FormSys and its Maxsurf technology, [...]
November 29, 2012 | Posted in
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Xcite Energy yesterday closed on the issue of US$10 million of unsecured Loan Notes to a fund managed by West Face Capital Inc. The funds will be used to provide contingency funding during the important Phase 1A work programme on the Bentley field. The Loan Notes have an initial term of 236 days and, subject [...]
Leading international oilfield services company Expro has been awarded a contract to provide equipment and services in support of Xcite Energy’s 90 day extended well test in the Bentley Field. Located in Block 9/3b. 160km’s east of the Shetlands, the Bentley Field is said to contain 116 million barrels of proven and probable reserves. Expro [...]
July 23, 2012 | Posted in
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Valve engineering specialist Severn Glocon Group announced that it has acquired LB Bentley Ltd for an undisclosed sum as it seeks to diversify its offering and make inroads to the subsea market. LB Bentley designs and manufactures small bore subsea valves for the global oil and gas industry, as well as high-pressure filters and desiccant [...]
Bentley Systems, Incorporated, the leading company dedicated to providing comprehensive software solutions for sustaining infrastructure, recently released the latest version of its SACS software for the analysis and design of new and existing fixed offshore oil and gas structures and wind farm structures. SACS supports wave, wind, and earthquake dynamic response analysis; special high-end [...]
May 29, 2012 | Posted in
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FES International, a global supplier of fluid transfer systems for the offshore industry has been commissioned to supply North Sea oil exploration and development company, Xcite Energy, with a bespoke swivel system. The fluid swivels are used for subsea well heads and attach to flexible risers to prevent contortion between the well and the Floating [...]
March 23, 2012 | Posted in
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Bentley Systems, Incorporated, the leading company dedicated to providing comprehensive software solutions for sustaining infrastructure, announced the acquisition of FormSys, based in Perth, Australia. This software development company has a proven, twenty-year track record in 3D design, analysis, and construction software for structural engineering, offshore engineering, and naval architecture. The acquisition will expand Bentley’s SACS [...]
