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OilfieldTechnology
February
2014
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February2014
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highlights
Statementonoil exports
Digitisingoil andgas
Response toStateof theUnionAddress
Shalegas inEurope: abumpy road
ahead
Activity inglobal energy sector slowing
BenteqGmbHwins its
largestevercontract
Germany-basedBentecGmbHhaswon
amulti-milliondollar contract from
Enafor. TheAlgerian state-owneddrilling
contractor awarded thecontract aspart
of itsprogramme tomodernise itsdrilling
fleet.
Thecontractwill seeBentecprovide
sevendesertdrilling rigsover thenext
17months. The rigswill bedelivered
fullyequippedwith topdrives, pumps,
drawworks, power control roomsand
electrical controls. Bentechadpreviously
delivered fourdrilling rigs toEnafor
in2013.
Bentec’sCEO, DirkSchulze
commentedon thecontract: “Weare
extremelyproud tohave securedour
largestdeal since thecompanywas
established in1994.Weworkhard to
maintain thehighestquality standards
acrossourdrilling rig systemsand this
sucess is testament to that, the services
weprovideandour continuedequipment
todevelopingadditional business in
Algeria.”
Statoil inCanadian
oilsandsassetswap
Statoil andThai E&Pcompany, PTTEP,
haveagreed todivide their repsective
interests in theKai KosDehseh (KKD)
oilsandsproject, located inAlberta,
Canada.
The transactionwill seeStatoil
carryonas100%owner andoperator
of theLeismer andCornerprojects
whilstPTTEPwill take100%ownership
of theThornbury,Hangingstoneand
SouthLeismer areas. Statoil is tomakea
balancingpayment ofUS$200millionand
anadjustment ofworkingcapital.
StåleTungesvik, President of
Statoil Canada said, “Bothcompanies
agreed thebestway tomaximisevalue
of theKKD leases is todivideownership.
Thisallowseachcompany todevelop the
assetsat theirownpace.”
TevinVongvanich, President andCEO
of PTTEP said, “This transactionallows
forPTTEP toadjust itsportfolioand
the timingof its capital expenditures,
basedon thecurrentmarket situation, to
achieveoptimal investment returns.”
04 - 06March, 2014
IADC/SPE
FortWorth,USA
E:DrillingConf@experient-inc.com
09 - 12March, 2014
GEO
Manama,Bahrain
E:
24 - 27March, 2014
Gastech
Goyang, SouthKorea
E:
25 - 28March, 2014
OTCAsia
KualaLumpur,Malaysia
E:otcasiareg@otcenet.org
05 - 08May, 2014
OTC
Houston,USA
E:meetings@otcnet.org
ProductionbeginsatBP’sWestChiragplatform
TheAzerbaijan InternationalOperatingCompany (AIOC), operatedbyBP, has
announced the start-upof oil production from theWestChiragplatformaspart of the
Azeri-Chirag-Gunashli (ACG) fielddevelopment in theAzerbaijan sectorof theCaspianSea.
Start-upof theWestChiragplatformcompletes theChiragOil Project (COP) sanctioned
in2010.
ProductionatWestChiragebegan from theJ05well. Theoilwill pass through the
platform’snewly installedprocessing facilitiesbeforebeingexportedviapipeline to the
Sangachai Terminal. Production isexpected to increase throughout 2014asadditional
pre-drilledwellsarebrought online.
BP’sRegional President forAzerbaijan, GeorgiaandTurkey, GordonBirrell said, “The
start-upof COPmarksamajormilestone in thedevelopment of the super-giant ACG field.
[...] Todate theACG fieldhasproducedover 2.3billionbblsof oil andwith futurecontinual
major investments innew technologiesand facilities [...], itwill continue toproduceas
aworld-class reservoir formanydecades. BPas theoperatorof theACG fieldandour
partnersarecommitted tocontinuing theefforts that areexpected to takeus stepby step
towards theoptimisationof productionandmaximisationof field recovery.Webelieve
COP representsabig step forward towards stabilisingACG’sproductionand increasing
recoverybydrillingmorewells from thenewWestChirag facility.”
TheWestChiragplatform is located inwaterdepthsof approximately170m, and is
situatedbetween theexistingChiraganddeepwaterGunashli platforms.
