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Oilfield Technology
May
2016
World news
May 2016
Diary dates
To read
more
about these articles
and for more event listings go to:
Web news
highlights
Ì
Tata achieves industry first in Gulf of
Mexico
Ì
Genscape: Bakken crude to market via
pipeline is best option
Ì
Cutting well P&A costs
Ì
DNV’s new standard on offshore design
and construction installations
Expro completes P&A
project
Expro, has completed a plug and
abandonment (P&A) project in the
Gulf of Mexico (GoM) for Apache.
Expro recently expanded its business
capabilities in order to offer fully integrated
well abandonment services which include;
late-life reservoir management, permanent
reservoir abandonment and post
abandonment monitoring.
The Apache work included the
pre-abandonment and plugging of wells
in the ultra deepwater Atwater Valley and
Mississippi Canyon areas.
Commencing in March 2016, Expro
utilised its well intervention services to
provide the first phase of abandonment
of the wells. This involved plugging,
cutting and perforating using slickline
and electric-line cased hole applications
to gain access to the wells and allow
circulation.
Mark Enget, Vice President of Expro
said: “I’m delighted that we’re providing
successful plug and abandonment
expertise in the GoM.”
30 May - 02 June, 2016
EAGE
Vienna, Austria
E:
2015
07 - 09 June, 2016
Global Petroleum Show
Calgary, Canada
E:
19 - 22 June, 2016
AAPG ACE
Calgary, Canada
E:
01 - 03 August, 2016
URTeC
San Antonio, USA
E:
29 August - 01 September, 2016
ONS 2016
Stavanger, Norway
E:
Weir Oil & Gas, MTU name joint venture EPIX
Weir Oil & Gas, and Rolls-Royce Power Systems subsidiary MTU, have announced their
joint venture is to be named EPIX.
EPIX will provide the industry’s first integrated system for hydraulic fracturing.
Commenting as the new company made its debut at OTC 2016, EPIX CEO
Douglas Schwedland said: “By leveraging the expertise of our founding companies, EPIX
will initially deliver integrated power system solutions that are specifically engineered for
hydraulic fracturing and then apply these same principles of integrated systems to other
applications.”
Schwedland has more than 20 years of experience in the diesel engine and business
systems industries. He most recently served in the dual role of CEO of MTU Middle East FZE
and business development director, Middle East, Africa and Central Asia for Rolls-Royce
Power Systems AG, and has held various leadership positions with Detroit Diesel
Corporation, MTU Detroit Diesel, and Tognum AG.
Schwedland’s vast sales and distribution experience will lead EPIX in its mission to
answer an industry demand for greater efficiency in fracturing operations.
He continued: “The industry is asking for comprehensive solutions that will remain
productive in harsher, continuous operation environments, and we are answering with
innovations that deliver on all levels, from productivity and efficiency to reduced total cost
of ownership.”
Statoil to increase share
in Lundin Petroleum
Statoil ASA has entered into an
agreement with Lundin Petroleum AB to
divest its 15% interest in the Edvard Grieg
field in exchange for an increased
shareholding in Lundin Petroleum.
The transaction also includes
divestment of a 9% interest in the Utsira
High Gas pipeline, and in addition
payment of a cash consideration of
US$68 million to Lundin Petroleum.
Subsequent to the completion
of the transaction Statoil will own
approximately 68.4 million shares of
Lundin Petroleum, corresponding to
20.1% of the shares and votes. The
effective date of the divestment of these
assets is 1 January 2016.
By merit of this transaction, Statoil
will further strengthen its indirect
exposure to core field development
projects and growth assets on NCS.
This includes the Statoil operated
Johan Sverdrup field, a world class
project with a break-even of less
than US$30/bbl for phase one.
