20130306

Petrobras offshore presalt oil production reaches 300,000 b/d

Offshore Weekly Newsletter | March 4, 2013
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Global Highlights
Petrobras offshore presalt oil production reaches 300,000 b/d
Oil production at Petrobras-operated fields in the presalt areas of the Campos and Santos basins has reached the 300,000 b/d mark.
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Hess hits seventh successful deepwater well offshore Ghana
Hess Corp. has completed drilling its seventh consecutive successful exploratory well on the Deepwater Tano/Cape Three Points block offshore Ghana.
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Centrica growing offshore North Sea oil and gas reserves base
Centrica’s upstream capital investments last year totaled £2.7 billion ($4.06 billion), of which about £2 billion ($3 billion) was directed at North Sea gas and oil assets.
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Gulf of Mexico Update
St. Malo deepwater GoM well test succeeds for Chevron
Chevron Corp. has completed a successful production test on the St. Malo PS003 well in the Lower Tertiary trend in the deepwater Gulf of Mexico.
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2H Offshore to design Delta House risers
2H Offshore will conduct detailed design on a steel catenary riser system for LLOG’s Delta House development in the deepwater Gulf of Mexico.
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Apache Main Pass 295 well control successful
Well control action at Main Pass 295 in the Gulf of Mexico is complete and has stopped a kick, reports Apache.
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Exploration
Frontier plays drive geophysics service growth
CGG expects market conditions for geophysical contractors to remain favorable, with E&P expenditure continuing to rise, sustained by new frontier programs in areas of complex geology.
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UK set to reverse exploration drilling, production decline
Petroleum tax changes introduced by the UK government are stimulating fresh investment in Britain’s oil and gas sector.
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Shell pauses exploration drilling in Arctic region offshore Alaska 
Royal Dutch Shell will pause its exploratory drilling offshore Alaska in the Beaufort and Chukchi seas for 2013 to prepare equipment, and plans to resume at a later date.
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Drilling & Production
Eni scores more gas in Mamba Complex offshore Mozambique
Eni has a new gas discovery offshore Mozambique in the Mamba Complex of Area 4.
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Bowleven testing pay zones in well offshore Cameroon
Bowleven Oil & Gas has found hydrocarbon-bearing pay while drilling the IM-5 well in block MLHP-7 offshore Cameroon.
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Norwegian Sea oil production tieback onstream early
Statoil has started oil production from Hyme, a subsea tieback to the Njord A platform in the Haltenbanken region of the Norwegian Sea.
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Construction & Engineering
Petrobras moves FPSO conversion work to China
Petrobras is moving the work of converting four tankers into FPSOs to China.
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Keppel announces MODEC, Ichthys contracts
Keppel Corp. has secured two contracts worth $200 million for topsides integration in Brazil and fabrication of an internal turret for the Ichthys FPSO in Singapore.
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Statoil signs Aker, FMC to long-term subsea service agreements
Statoil has awarded subsea services framework agreements to Aker Solutions and FMC Technologies for work on the Norwegian continental shelf.
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Rice Global Engineering & Construction Forum set for March 19
The inaugural International Conference of the Rice Global Engineering & Construction Forum is scheduled to begin at 8 a.m. on Tuesday, March 19, at Total’s Paris headquarters.
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Company News
CNOOC completes acquisition of Nexen
CNOOC Ltd. has completed the $15.1-billion acquisition of Nexen Inc.
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WorleyParsons buys Norwegian fabricator
WorleyParsons has agreed to buy fabrication specialist Bergen Group Rosenberg for $190 million.
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Ithaca agrees to terms for Valiant takeover
Ithaca Energy has agreed to acquire fellow North Sea independent Valiant Petroleum for $309 million.
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