Shallow Water News

International Maritime Industries (IMI), which describes itself as the largest shipyard in the MENA region, and offshore construction firm Lamprell on Tuesday announced the successful completion of the load-out and float-off of the first jackup drilling unit being constructed for IMI.The jack-up rig will now undergo intensive mechanical completion and commissioning before being transferred to IMI’s yard in Ras Al Khair, Saudi Arabia, for final commissioning before going on a contract…

A jack-up rig owned by Malaysian drilling contractor Velesto tilted and submerged at a location offshore Sarawak, Malaysia on Tuesday, the rig owner said."The Board of Directors of Velesto Energy Berhad [...] regrets to inform that an incident involving one of our rigs, Velesto Naga 7, occurred at the worksite due to rapid penetration into the formation on 3 May 2021, Monday, whilst operating in offshore Sarawak for a client. "The rig tilted and subsequently on 4 May 2021, Tuesday, VELESTO NAGA 7 submerged at the location.

The first batch of topside modules has been shipped for a floating production storage and offloading (FPSO) unit for Japan's MODEC, U.S.-based engineering and construction firm McDermott International said on Wednesday.The FPSO, named Miamte MV34, will be used on the Amoca and Mizton fields located in the Eni-operated Area 1 block, in the Campeche Bay approximately 10 kilometers off the coast of Mexico, in approximately 32 meters water depth. First oil is planned in 2021.McDermott's…

Brazil's state-owned oil firm Petroleo Brasileiro SA said on Wednesday it had begun suspending operations of 62 shallow water platforms in the Campos, Sergipe, Potiguar and Ceara basins.Petrobras, as the company is known, had previously announced the shutdowns, which amount to a production cut of 23,000 barrels of oil per day. (Reporting by Rodrigo Viga Gaier; writing by Jake Spring; editing by Chris Reese)

Offshore installation and decommissioning firm Allseas has won a contract to remove three complete offshore platforms and two jackets in Norway for Aker BP.The company said on Wednesday that Aker BP had awarded it a deal for the removal and disposal of multiple topsides and jackets from the Valhall area in the Norwegian North Sea. Allseas will use its flagship Pioneering Spirit heavy lift vessel for the job.Work comprises removal and disposal of the Drilling Platform (DP) 5,950 t topsides and 4…

Total has made a hydrocarbon discovery at the Isabella exploration well in the UK Central North Sea, Neptune Energy, Total's partner in the project has informed.Neptune Energy has described Isabella as "an encouraging hydrocarbon discovery" which encountered hydrocarbons in Upper Jurassic and Triassic sandstone reservoirs, with 64 meters net pay encountered, consisting of lean gas and condensate and high-quality light oil."The results of the well will be analyzed to further evaluate the discovery, determine future appraisal activity and recoverable resources estimates.

The US should define the Gulf of Mexico Shallow Water Province as a distinct entity to avoid stranding more than $20 billion of its oil and gas resource, said a new research.According to a research from the Bureau of Safety and Environmental Enforcement (BSEE) and Bureau of Ocean Energy Management (BOEM) the GOM Shallow Water Province, comprised of water less than 200 meters deep, is a historically energy-rich area which now produces natural gas, accounting for 33% of the gulf’s gas production and just over 10% of its oil production.Production and infrastructure investment used to be substantially higher in the Shallow Water Province…

Frac water demand is expected to increase 30% by 2022, with 53% of that increase taking place in the Permian Basin, said Rystad Energy in its recently released “Water Management Report”.The increase in water demand is mostly driven by increases in forecasted completions activity, and the continued trend towards longer laterals.Rystad Energy expects frac water demand across the US to hit 4.9 billion barrels in 2019, with 2.28 billion barrels taking place in the Permian Basin.Rystad Energy normally defines spare capacity as a country’s underutilized capacity, including any current outages.

The floating production storage and offloading (FPSO) unit Aoka Mizu's planned stop in Algeciras, Spain will be extended for additional repair work, said U.K. based Hurricane Energy.The FPSO, which will be used at Hurricane's Early Production System development of the Lancaster field west of Shetland, is in Algeciras for planned personnel changes, bunkering and other commissioning activities. The stopover will be extended to repair an auxiliary system associated with power generation…