Highlights of the Week

Highlights-of-the-week..

Subsea World News has put together a recap of the most interesting articles from the previous week (December 10 – December 17).


Aker BP has submitted the plans for development and operations (PDOs) for the Valhall Flank West, Ærfugl (formerly Snadd) and Skogul (formerly Storklakken) fields to the Norwegian Ministry of Petroleum and Energy.

CEO Karl Johnny Hersvik handed over the PDOs to the Minister of Petroleum and Energy, Terje Søviknes. Over the lifetime of the fields, the three projects are estimated to generate total oil and gas revenues of NOK 100 billion, based on an oil price of USD 60 per barrel.


TechnipFMC and OneSubsea have, along with Aker Solutions, secured new subsea maintenance framework agreements from Statoil on the Norwegian continental shelf (NCS).

The contracts have a total estimated value of more than NOK 8 billion (USD 960 mln) and a duration extending to 2023.

In addition, the contracts include options for a total of 20 years.


Aker Solutions has been awarded a contract from Aker BP to deliver the subsea production system for the first phase of the Ærfugl development offshore Norway.

The award was made on behalf of the Skarv Unit and is subject to government approval of the plan for development and operation (PDO) of Ærfugl.

The subsea system will include wellheads, vertical subsea trees, a tie-in module and an umbilical riser base.


Nautilus has been informed by Fujian Mawei Shipbuilding that MAC Goliath (MAC), the buyer of the production support vessel (PSV) being built for Nautilus’ Solwara 1 subsea mining project, has failed to pay the third installment of the contract price (approximately USD 18 million + interest).

Under the shipbuilding contract, MAC is required to rectify the default immediately, and perform corresponding obligations under the contract.


Subsea 7 has been awarded two new contracts from alliance partner Aker BP in the Norwegian North Sea.

The contracts are for the Skogul project and the Valhall Flank West project, valued between $50 million and $150 million.

Earlier this week, Subsea 7 also announced a contract from Aker BP between $150 million and $300 million for the Ærfugl (previously known as Snadd) gas field.


Share this article

Follow Subsea World News

Events>

<< May 2018 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Underwater Technology Conference

The Underwater Technology Conference has a well-known history of presenting highly competent speakers on current and important topics…

read more >

25th Anniversary International Caspian Oil & Gas Conference

In 2018, the largest oil and gas event in the Caspian Region – the Caspian Oil & Gas Exhibition and Conference Incorporating Refining…

read more >

OFFSHORE WIND – SUBSEA CHALLENGES AND OPPORTUNITIES

This event is organsied in collaboration with Norwegian Energy Partners, Norwegian Offshore Wind Cluster and Sparebanken Vest…

read more >

Future Oil & Gas 2018

Senior executives from oil and gas operators, service providers, contractors and related suppliers, technology innovators and industry experts…

read more >