Oceaneering Worldwide Inc. has gained set up contracts value greater than $100 million collectively for oil improvement initiatives in Angola and Guyana.
Oceaneering has been tapped for transportation and set up work on the Girassol life extension venture in Angola’s offshore Block 17, the Houston, Texas-based engineering firm stated in a press launch.
TotalEnergies SE operates Block 17 with a 38 p.c stake by means of TotalEnergies EP Angola. Equinor ASA has a 22.16 p.c curiosity, ExxonMobil Corp. 19 p.c, BP Exploration Angola Ltd. 15.84 p.c and Sonangol P&P 5 p.c. Girassol is one in every of 4 manufacturing hubs on the block alongside CLOV, Dalia and Pazflor.
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In 2019, TotalEnergies, then Whole, and companions Equinor, ExxonMobil and BP secured a license extension for Block 17 by means of 2045 below a deal giving Angola’s state-owned Sonangol a 5 p.c curiosity. “Moreover, the consortium can pay some manufacturing bonuses to the State of Angola alongside the lifetime of the license and can spend 20M$ for social applications”, TotalEnergies stated in a media launch December 16, 2019. It stated then it was aiming to keep up manufacturing on Block 17 at above 400,000 barrels of oil equal per day (boepd) by means of 2024.
On the block the companions started manufacturing on the second section of the CLOV manufacturing hub in 2021 with a capability of as much as 40,000 boepd, in response to a TotalEnergies information launch December 3, 2021.
Earlier that 12 months a short-cycle venture linked to the Pazflor’s floating manufacturing, storage and offloading unit began up with the identical capability, TotalEnergies introduced Could 6, 2021.
The companions have now awarded contracts for extending the lifetime of the Girassol manufacturing hub. Earlier than Oceaneering’s announcement, TechnipFMC PLC stated it has been tapped by TotalEnergies EP Angola to offer engineering, procurement and provide companies for flowlines and connectors for the extension venture. “The versatile pipes will lengthen the lifetime of the Girassol discipline by bypassing the inflexible pipe bundles put in earlier than manufacturing started in 2001”, Newcastle-based TechnipFMC stated in a press launch February 20.
Oceaneering in the meantime will present “air and saturation diving companies, venture administration, engineering, and procurement actions, in help of the prime contractor’s restoration and substitute of 12 risers”, it stated.
“Having in depth expertise in Angolan offshore developments, Oceaneering will present Angolan personnel for the venture and handle the in-country operations of the consortium”, Oceaneering added.
“Oceaneering is predicted to offer its companies in varied phases, to start in late 2023, lasting into late 2025.”
Oceaneering concurrently introduced it has been contracted for the Stabroek block offshore Guyana. The block is operated by ExxonMobil with a forty five p.c curiosity by means of affiliate Esso Exploration and Manufacturing Guyana Ltd. Hess Guyana Exploration Ltd. has 30 p.c and CNOOC Petroleum Guyana Ltd. holds 25 p.c. The block incorporates a number of discoveries, the newest in improvement being the $12.7-billion Uaru oil discipline.
“The scope of the venture provides to our rising physique of labor within the South American nation in help of a key consumer”, Oceaneering stated within the press launch.
“It consists of jumper and subsea discipline improvement set up and different related duties”, it added, not specifying the identify of the venture it has been contracted for. “The scope of provide is already underway and anticipated to final by means of the rest of 2023”.
Saipem SPA, which has been contracted for the Uaru venture, earlier stated it had acquired the inexperienced mild from ExxonMobil to proceed with remaining installations. “Saipem informs that it has acquired from ExxonMobil Guyana and its Stabroek block coventurers the authorization to proceed with the ultimate section of the UARU oil discipline improvement venture in Guyana”, the Italian firm stated in a media launch Could 4.
“The ultimate section of the awarded scope of labor contains the design, fabrication and set up of subsea buildings, risers, flowlines, and umbilicals for a big subsea manufacturing facility”, Saipem added.
Uaru, the fifth venture on the block on Guyana’s continental shelf, targets round 250,000 barrels in each day manufacturing capability with a goal startup 2026, ExxonMobil stated in a press launch April 26 saying the ultimate funding choice.
Roderick A Larson, president and chief govt of Oceaneering, stated in an announcement in regards to the contracts, “Our success with these initiatives helps our perception within the resurgence of worldwide offshore exercise and market expectations over the following a number of years”.
To contact the writer, e-mail jov.onsat@rigzone.com
