Posts Tagged ‘offshore drilling rigs’

Sete Brasil confident to deliver its 29 pre-salt oil-rigs program ontime

Sete Brasil secured financing for nine first drilling ships Sete Brasil Participacoes SA (Sete Brasil) secured $3.7 billion loan to finance the first series of nine drilling rigs out of its $20 billion capital expenditure program for the construction of 29 rigs required by Petroleo Brasileiro (Petrobras) to develop the […]

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Shell, CNOOC and CNPC to share production and technology

Shell, CNOOC and CNPC sign China and Gabon deals July 2012, Shell, China National Offshore Oil Corp (CNOOC) and China National Petroleum Corp (PetroChina or CNPC) announced to have signed several contracts for oil and gas production sharing and co-operation in China and in Gabon. In these agreements:  – Shell and CNOOC signed two offshore oil and gas Production […]

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Drilling Charter

Definition Drilling charter refers to the decision of an operator to lease or hire the drilling rigs instead of using its own ones. The service company renting its drilling rig to an operator is called the charterer. Comments In the past each operating company used to have their own drilling […]

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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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Italy considers how to restore its GDP with Oil and Gas

Offshore Exploration and Production ban counts days Soon after the Macondo incident, Italy proposed a moratorium that came into force in August 2010. Italy’s Legislative Decree No. 128/10 (known as DL 128) prohibited offshore exploration and production activities involving liquid hydrocarbons within 5 miles of the Italian coast. In addition, […]

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BP votes for the FEED of $25 billion Shah Deniz Stage 2

Shah Deniz consortium decided to commence Front End Engineering and Design (FEED) Shah Deniz Stage 2, or Full Field Development (FFD), is a giant project that will bring gas from Azerbaijan to Europe and Turkey. This will increase gas supply and energy security to European markets through the opening of […]

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Rosneft and Statoil sign for Barents & Okhotsk Seas Exploration

After ExxonMobil and ENI, Rosneft extends its domino strategy to Statoil Rosneft and Statoil signed a cooperation agreement to jointly explore offshore and onshore fields in the Russian sections The cooperation agreement also provides Rosneft with an opportunity to acquire interests in selected Statoil exploration licences and assets in the […]

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ONGC to invest $6.4 billion in Exploration Production next year

The national India Oil & Natural Gas Corporation (ONGC) is a major local offshore drilling rigs operator and still intends to do so as to support the off Eastern India Oil & Gas fields development. With more than 120 blocks to explore, ONGC will have to ramp up its drilling […]

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Semisubmersible

Definition: “Semisubmersible” or “Semisub-” is referring to Offshore drilling rigs so called because they are combining the advantages of submersible rigs with the ability to drill in Semisubmersible drilling rig. The Semisubmersible drilling rig is made of a floating structure having vertical hollow legs connected to horizontal pontoons used for ballasting with seawater for stability. It also has numerous large heavy […]

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Jack-up

Definition: “Jack-up” is the name given to a category of offshore drilling rigs. These Jack-up rigs are easy to recognize by their long steel frame legs supporting the platform. Comments: There are three basic types of offshore drilling rigs, Jack-up, Drilling ships and Semi-submersible. These types have different design and costs, […]

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