News

Subsea 7 has today announced a contract award by Talisman for the installation of a replacement 2 kilometre section of the CASWI water injection pipeline. The pipeline connects the Claymore A manifold to the Claymore A platform in the North Sea.

The scope of work includes procurement of materials, offshore fabrication and installation of the pipeline including a plastic liner, fabrication of tie-in spools, route survey and seabed preparation of the pipeline route, post lay flooding, cleaning and gauging of the new pipeline, cutting of the existing pipeline at the Claymore end, removal of a section of existing pipeline, installation of a mechanical flanged end connector and removal of existing spools at the CASWI manifold to facilitate installation of spoolpieces between the new pipeline and existing facilities. Subsea 7 will be responsible for project management, engineering and supervision of all activities.


The Skandi Navica, one of the most advanced reeled pipelay vessels in the industry, will undertake the laying of the new 12" plastic lined carbon steel pipe.


John Smith, Subsea 7’s chief executive officer commented, "We are looking forward to working with Talisman on this first pipeline installation contract for Subsea 7. The opportunity to utilise one of the most sophisticated pipelay vessels Skandi Navica, Diving Support Vessels Pelican and Aquamarine, and the ROV and Survey Support Vessel Kommandor Subsea 2000 as well as our Leith spoolbase demonstrates the diversity of services offered by our company".

Pipelay work is due to commence in late July 2002 with all operations scheduled for completion during August.

Source: Subsea t

BP and Rosneft are setting up a joint firm to explore and develop a second project on the remote eastern Russian island of Sakhalin. The joint firm will work on the Kaigansk-Vasyugansk area of the Sakhalin-V project following a recent acquisition by Rosneft of a license for it from the natural resources ministry, the two companies said in a statement.

Rosneft and BP agreed last year to jointly develop the Sakhalin-4 project. BP will own 49 percent of each project and fully finance the exploration, while Rosneft will hold 51 percent in Sakhalin-4 and Sakhalin-5. The move will boost BP's position in oil-rich Sakhalin, which is currently weak compared with its rivals.

Shell has been producing oil since 1999 from an offshore platform and is planning, with Japanese firms, to build the world's biggest liquefied natural gas (LNG) plant by 2006 as part of its Sakhalin-2 project. ExxonMobil also recently decided to go ahead with its Sakhalin-1 project and to produce the first oil by 2005 after more than a decade of exploration.

BP and Rosneft said they agreed to carry out seismic exploration on Sakhalin-5 in July-September and start exploration drilling in 2004. The two blocks of the Sakhalin-4 project, Astrakhanovsky and Shmidtovsky, are estimated to hold about 120 million tons (880 million barrels) of oil and 540 billion cubic meters (bcm) of gas. Preliminary reserves of the Sakhalin-5 project are estimated at 600 million tons (4.4 billion barrels) of oil and 600 bcm of gas. Both projects will require several billion dollars in investment to build offshore platforms and infrastructure in very difficult weather conditions.

Source: Reuters

Headlines from Oil Voice

• ENI Australia Announces Timor Sea Farm-in Opportunity
• Prosper Distribution Limited Announces Name Change Following Takeover
• MENA Hydrocarbons Joins Kulczyk Oil to Explore Syria Block 9
• KOV Commits to Phase 2 Exploration Program in Brunei Block L
• E.ON Welcomes Compromise on Nuclear Energy
• Refinery Additions Lagging Oil Demand Growth According to New Analysis
• Lundin Sells Its Salawati Interests in Indonesia
• Stuart Petroleum Announces First Oil Flow From Worrior 7 Well
• Ikon Science Goes Brazilian
• Oilex Identifies Significant Reserves at Cambay Field, India