Posts Tagged ‘Drilling ships’

One Day – One Country: Brazil

Brazil Key Projects and Highlights In 2012, Brazil and its flagship, Petróleo Brasileiro S.A. (Petrobras), had to face a reality regarding their capacity to deliver on time all the fleets of drilling ships, exploration and production floating units and services vessels in respect with the local content requirements. Awarding contracts to […]

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One Day – One Country: Norway

Norway Key Projects and Business Highlights In 2012, Norway started to collect the first benefits of its exploration in the untapped oil and gas fields of the Norwegian Continental Shelf (NCS). With the Geitungen discovery, the Johan Sverdrup is taking a new dimension motivating Statoil and its partners Maersk, Petoro, […]

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Statoil tenders new rigs to target 60% oil recovery

Statoil to build IOR center and redefine drilling rigs Statoil leads the world on recovery rate in exceeding for the first time an average of 50% in 2011. By comparison the global oil recovery rate is around 35% and in the Norwegian Continental Shelf (NCS), all the producers reach an average […]

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Rosneft and ExxonMobil Strategic Agreement takes shape

Rosneft and Exxon mobilize $3.2 billion as first step On April 2012, Rosneft and ExxonMobil signed a Strategic Cooperation Agreement to jointly explore and develop oil and gas fields in the Russian Black Sea and Kara Sea. This Strategic Agreement is supported by the:  – Opportunity given to Rosneft to […]

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Topsides

Definition The Topsides are the surface installations allowing the drilling and/or production and/or processing of offshore hydrocarbons. Comments Normally used as a plural the Topsides comes from the ship building industry to designate all the portion of the ship coming on the top of the hull or above the waterline. […]

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“FSO”

Definition FSO is the acronym of Floating Storage and Offloading used to describe the offshore operation between the oil and gas processing and the export to the shore by pipeline or shuttle tankers. Comments Originally, all the offshore platforms used to sit on the seabed, but as exploration and production moved […]

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$75 billion CAPEX planned in drilling rigs on next 5 years

With more than $75 billion Capital Expenditure to be invested in drilling rigs in the next 5 years, the pipeline of business opportunities in drilling rigs has never been so loaded according to Upstream, the Norwegian Oil & Gas newspaper. From their well documented analysis published in March about the drilling rigs, Upstream explains how this […]

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