Month: October 2017

 

 

 

Algeria: €137M Contract for the execution of work in Algeria

A boat lift for Algeria planned

“TEIXEIRA DUARTE, S.A.” informs that a group led by its 100% held company “Teixeira Duarte – Engenharia e Construções, SA”, received on this date the order of service of the Algerian entity designated “L’Établissement de Construction et de Réparation Navales (E.C.R.N.)”, integrated in the Ministry of National Defense of Algeria, for the execution of the maritime works contract, named as “l’Étude, la réalisation des aires de travail e de transfert, les infrastructures maritimes et génie-civil, les fournitures et l’installation d’un complexe élévateur à bateaux d’une capacité de levage égale ou supérieure à 9000 tonnes et la formation de techniciens”, which includes the preparation of the project, as well as the realization of work and transfer areas, infrastructures, construction works and the provision and installation of a boat lift with a lifting capacity of more than 9,000 tonnes and the respective technical training, being the participation of the Teixeira Duarte Group in that group of 90.32%.

The deadline for the execution of the work is 29 months and the total value of the contract amounts to 96 million euros and 4,513 million Algerian dinars, which on this date represent a total of around 137 million equivalent euros.

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Greenpeace: Oil Industry rejects seismic test claims

Oil explorers are rejecting Greenpeace claims that seismic testing is a threat to marine mammals.

Greenpeace campaigner Mike Smith says a proposed survey by oilfield services company Schlumberger – New Zealand covering 5000 square kilometres of the Taranaki Basin could harm blue whales, Maui’s dolphins and other species.

Petroleum Exploration and Production Association of New Zealand chief executive Cameron Madgwick says Mr Smith exaggerates the situation.

The explosive sounds produced by the ship have a different volume and frequency under water than if they were travelling through air.

“Unfortunately for Mike the sounds in the water of this imaging surveying, these seismic surveys, just aren’t at the sort of sounds and frequencies that various marine mammals will be impacted permanently by them. There is a lot of science that sits behind that,” Mr Madwick says.

Petroleum Exploration Association members comply with a voluntary code of conduct developed by the Department of Conservation, which is currently being reviewed.

Audio: Cameron Madgwick Interview

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UK Oil & Gas: Provides UK onshore operational update

UKOG is pleased to announce that it has recovered measurable volumes of light oil and solution hydrocarbon gas to surface from the Kimmeridge reservoir section during well clean-up operations, at its 100% owned Broadford Bridge-1z (“BB-1z”) exploration well, located in licence PEDL234.  The well has also free flowed for short periods during the well clean-up sequence in which spent completion fluids mixed with hydrocarbons were returned to surface. Well clean-up operations, utilising a high capacity linear rod pump, continue. Further developments will be reported in due course.

To ensure that the flow testing of Kimmeridge reservoir zones is fully optimised, the Company will proceed ahead to workover the well and implement a revised testing programme.  The well clean-up operation will continue, then the current multi-zone completion assembly will be retrieved, the well worked over and flow tested sequentially over multiple, individual reservoir zones. Additional perforated zones will be added to the existing 1064 ft aggregate perforated section.

This operationally more flexible test operation will utilise a similar methodology to that successfully undertaken at the  Horse Hill oil discovery, albeit with a much-increased initial lifting capability. The rig-less test will involve both nitrogen lifting and pumping as permitted under BB-1z’s current regulatory consents.

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Fugro: Open Job – QHSSE Manager – Fugro-Suhaimi Ltd.

• Basic Function:
  The QHSSE Manager would be responsible for ensuring Fugro-Suhaimi Ltd.’s full compliance with Corporate  HSSE policies, procedures, all government legislation applicable to operations in the Kingdom of Saudi  Arabia and putting in place processes required for QHSSE Management systems are established,  implemented and maintained. The incumbent will be expected to drive QHSSE initiatives and inculcate a positive safety culture within Fugro-Suhaimi Ltd.

Key Accountabilities:

• Ensure that all QHSSE Procedures/Policies & Plans are prepared, implemented and adhered to at all levels;
• Ensure that the Quality Control plans and documents as per company’s expectation are implemented and followed;
• Co-ordinate with client and Management to achieve desired safety standards;
• Investigation of Accident/Incident and Near Miss and suggesting remedial measures to the Management to prevent recurrence;
• Conduct HSSE spot audits on worksites, vehicles, equipment, and Maintenance;
• Ensure effective Hazard identification & Risk assessment for site activities,
• Ensure timely preparation of specific HSSE Plans and supporting documentation for Project activities.
• Plan and conduct Emergency Exercise, Mock drills and evaluate their effectiveness;
• Monitoring Work Permits and associated job safety plan compliance levels;
• Develop and conduct Internal QHSSE Training programs;
• Conduct Weekly/Monthly QHSSE Meetings;
• Conduct Monthly inspections of facilities and suggest the Corrective actions to the Management;
• Prepare routine Internal, Corporate and client-required Monthly and/or ad hoc HSSE reports;
• Review the risk assessments periodically to determine the ongoing suitability of the identified control measures, update the Risk register;
• Identify the Significant Environmental aspect and impacts and identify appropriate control measures;
• Coordinate with Department heads for the effective implementation of HSSE Management system;
• Ensure HSSE Induction Training programs for new employees are conducted as per plan;
• Review and update the HSSE documents by involving all personnel in the organization;
• Ensure an effective Safety Management system in in place to ensure safe operations of FSL’s vehicle fleet;
• Responsible for maintaining the Fugro-IMPACT online management system for the OPCO.
• Implement an Integrated Management System (IMS) to integrate Quality, Environmental and HSE Management systems.

Job Listing No: 9740000

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Argentina: Merval Rises 1.24% To Break Above 27,000 Points

Merval, the main index of the Buenos Aires Stock Exchange, rose 1.24%, closing at 27,100.30 points, returning to the 27,000-point level after the International Monetary Fund (INF) has raised Argentina’s growth forecasts.

“After two consecutive sessions falling, the Merval rebounded and already accumulated a 3.8% increase so far in October,” said Viviana Bonifati, an analyst at Intervalores.

For 2017, according to the IMF, the Argentinean GDP growth estimate was raised to 2.5, from 2.4% in the previous report. For the next year, IMF also estimates a 2.5% growth, from 2.2% before.

Meanwhile, the Ministry of Energy released new data today revealing that Argentina’s oil production fell by 6% in August on an annual basis, while gas extraction decreased by 0.83% in the same comparison. Year-to-date, oil output receded 7.7%, while gas production dropped 1.02% between January and August.

At the end of the session, the central bank of Argentina decided to keep its main interest rate unchanged at 26.25%, given that economic data suggest that during September core inflation would not have broken the levels observed since May, while the overall index would be affected by regulated price increases.

The shares of Transener (-2.43%), TGN (-1.42%), and TGS (-1.31%) fell, while Agrometal (+6.63%), Cistanera (+5.26%), and Mirgor (+4.65%) rose.

The locally traded U.S. Dollar, meanwhile, reversed the slight rise it obtained earlier and fell 0.11%, closing at 17.42 Argentinean pesos. The session was marred by the low volume operated due to yesterday’s holiday in the United States.

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APPEA: HSE Conference – UK lessons in safety management

Australia has a great opportunity to learn from industry practices being carried out overseas and in 2 weeks the APPEA HSE Conference will highlight UK operations. Step Change in Safety (SCis) is the UK based, not for profit, member-led organisation that “aims to make the UK the safest oil province in the world to work in”. It is viewed as a leader in profiling safety management and awareness in the UK petroleum industry. As an independent tripartite organisation representing the workforce, regulators and employers it has a story to tell which largely maps the path of the safety journey for the UK industry.

On Day 2 of the APPEA HSE event, delegates will hear from Mr Les Linklater, Executive Director of SCiS who in his keynote address will deliver a unique perspective on SCis the UK industry from a safety standpoint and his key lessons to learn.

“Tripartite working for safety improvements: The features, issues, benefits and proofs”  will be presented, in the session ‘Human factors in HSES issues management’, on Thursday 26 October.

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Paradigm: Paradigm Launches Cloud-based Paradigm k PM solution

Paradigm^® has unveiled Paradigm k, its new Production Management solution, it will be in the company’s booth #3163, at the 2017 Society of Petroleum Engineers Annual Technical Conference and Exhibition in San Antonio.  Paradigm k (www.pdgm.com/k) is a Cloud-based, collaborative workflow for production and reservoir engineers to support field operations in maintenance and management of the well system.

Paradigm k applies fast and rigorous reservoir physics to real-time decision-making using advanced computational mathematics.  With advanced tools for surveillance, optimization and collaboration, Paradigm k helps asset teams achieve an elevated level of situational awareness to meet field production targets and eliminate deferment.

“Paradigm k is the latest addition to our rapidly expanding offering of solutions for production management,” said Indy Chakrabarti, Paradigm’s senior vice president of Product Management. “The Paradigm k technology provides unprecedented speed and a holistic view of physical measurements and critical production performance metrics at the resolution of individual wells.  This helps detect production issues before they transpire, and enables truly proactive production management at the speed of today’s oilfield operations.”

More     Link     Press Release

 

 

 

Myanmar: Exploration Update – GEO ExPro

In late July 2017, Woodside Energy (Myanmar), a wholly owned subsidiary of Woodside Petroleum Ltd, is understood to have suspended the gas-bearing Pyi Thit 1 wildcat after the well had been drilled to 4,725m and logged, with the well flowing 20 MMcfgpd on a 24/64” choke and 35 MMcfgpd on a 32/64” choke.

Pyi Thit 1, which was spudded on June 8, 2017, is located in 2,000m of water in the 10,055 km² Rakhine Offshore Basin Block A-6, offshore southwest Myanmar and was an appraisal for the Shwe Yee Htung 1 gas discovery, 6.6 km due north. It was targeting two gas-prone channel systems, analogous to Shwe Yee Htung 1, with up to seven other channel systems having been identified which may be explored further, providing significant follow-up potential.

Shwe Yee Htung 1 was plugged and abandoned in early January 2016 after being drilled to 5,306m and in May 2016, Woodside announced that the best estimate (P50) contingent resource estimate (2C) of the field was 895 Bcfg. If proven economic, the development of the field will be fast-tracked and tied back to the neighboring Yadana Gas Processing facilities located in Block M-5, some 222 km south-east of the discovery.

Equity in Block A-6 is split between Woodside (40%), MPRL (20%) and Total E&P Myanmar (40%).

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CGG: Information relating to combined General Meeting of 31 Oct 17

The Combined General Meeting of CGG will be held on October 31, 2017 at the Espace Evènementiel Les Esselières, 3 boulevard Chastenet de Gery, 94800 Villejuif at 11:00 a.m.

Notices for the Combined General Meeting are published in the Bulletin des Annonces Légales Obligatoires. The preliminary notice of meeting was published on September 25, 2017 (Bulletin no 115) and the notice of meeting will be published on October 13, 2017 (Bulletin no 123). Both notices include the agenda, the draft resolutions and the procedure to take part in and vote at this General Meeting.

In the context of the Safeguard and Chapter 11 proceedings respectively opened in France and in the US, we particularly draw the attention of the shareholders on the Board report to the General Meeting, which details the resolutions allowing the implementation of the contemplated financial restructuring plan, and notably on pages 12-13 the consequences of a negative vote on one of these resolutions.

Holders of bearer shares can also obtain the documents related to the meeting from their financial intermediary. Holders of registered shares will be directly invited to attend the meeting by BNP Paribas Securities Services.

All the documents and information relating to the General Meeting are available on the Company’s website (www.cgg.com) and will be made available to the shareholders under the conditions provided by law.

This meeting being crucial for the current restructuring process of CGG, the Company will ask for suspension of trading in shares of the Company (ISIN : FR 0013181864), in 2019 OCEANEs (ISIN : FR 0011357664) and in OCEANEs 2020 (ISIN : FR 0012739548) from the beginning of the General Meeting until the close of the Paris and New York Stock exchanges.

Stock Chart

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OffshoreEnergyToday.com brings livestream from Offshore Energy in Amsterdam

The Offshore Energy Exhibition and Conference in Amsterdam will again host Community Square at the exhibition floor of the Amsterdam RAI next week.

Community Square – this year at the front of Hall 2 – will offer an exciting free to attend program of ON AIR talk-shows and Knowledge Café meetings on industry transformation.

As before, Offshore Energy Today will be there and will be recording and live streaming the talk shows through our website, and through social media channels.

A wide range of stakeholders of E&P companies and utilities, supply chain companies, NGOs, academia and government will share and discuss new ideas and solutions on energy transition, the future of the North Sea and new forms of collaboration transforming our industry and our economy.

Here’s a brief overview of what you can expect on Tuesday and Wednesday. More details will be shared next week, ahead of the sessions on Community Square.

 

Tuesday 10 October | 10.30 – 13.00

2 nations, 1 basin – same challenges. Optimizing value from the Southern North Sea

10.30 – 12.00 Open discussion12.30 – 13.00 “ON AIR” talk-show with Maarten Bouwhuis, BNR Nieuwsradio

 

With contributions from:

Fraser Weir, North Sea Director, Centrica E&P and Chair of the Southern North Sea Rejuvenation SIG

Kathy Heller, Development Manager Southern North Sea, NAM

Julian Manning, Director – Europe Africa Russia Caspian, Process and Pipeline Services, Baker Hughes

Simon Gray, CEO, East of England Energy Group

Roger Esson, Chief Executive, Decom North Sea

Rob Hastings, CEO, Indigo Power

 

Tuesday 10 October | 14.00 – 16.30

Reshaping North Sea energy infrastructure

14.00 – 15.30 Open discussion16.00 – 16.30 “ON AIR” talk-show with Maarten Bouwhuis, BNR Nieuwsradio

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