Smart infrastructure solutions company Costain is one of the first to achieve the BSI Kitemark for innovation. Costain worked in partnership with BSI, the business improvement company, to help design and pilot the new global certification scheme for innovation.

Designed to help organisations improve their innovation management performance and demonstrate the value and impact to internal stakeholders and customers, this new scheme is based on the ISO 56002 innovation management standard. It validates that organisations have a robust innovation vision, strategy, policy, and objectives underpinned by processes to deliver innovative ideas. Read more…

 

Petrofac has signed a three-year partnership with Intoware, a provider of workflow automation software for mobile applications, to develop and deploy automation software specifically tailored to the requirements of the oil and gas industry.

The development of ‘WorkfloPlus Oil and Gas’ will further optimise the efficiencies that Petrofac has gained from digitalising maintenance and inspection activity for its clients. The software has been designed to automatically generate digital workflows, schedules and reports for users, eliminating the traditional manual and time-consuming preparation required.

The exclusive partnership is part of Petrofac’s strategy to drive best-in-class delivery for its clients through digital technologies. WorkfloPlus Oil and Gas is one of several initiatives in development and deployment across the organisation and was quickly proven to achieve significant and sustainable value and cost savings, as well as performance driven improvement. Read more…

 

bp’s head of North Sea has praised the resilience and determination of the team which has brought the 30-million-barrel Vorlich field online safely – despite the challenges of COVID-19.

Vorlich is the second North Sea fast-paced, high-return subsea tieback to come onstream in as many years, following the successful start-up of Alligin, west of Shetland, in 2019. bp and partner Ithaca Energy invested £230 million to develop the field, which was discovered in 2014 and received regulatory approval for development in 2018.

The field has been developed through two wells with peak production expected to reach 20,000 barrels of oil equivalent per day. Vorlich hydrocarbons are processed through Ithaca’s FPF-1 floating production facility, located around 240 kilometres east of Aberdeen. Read more…

 

As the end of the Brexit transition period looms ever closer, many businesses are waiting to find out whether the UK government and their EU counterparts can reach a Free Trade Agreement.

Any such agreement would allow ‘free’ trade between the EU and the UK. It would mean that, if we have a full Free Trade Agreement covering all the relevant sectors, the rate of duty would be 0%, allowing the movement of goods without the payment of any additional duty.

However, Bethan Customs Consultancy notes that there are still several changes in the pipeline that businesses should also consider, including import/export declarations, contract conditions, EORI numbers and trade tariffs. Read more…

 

TÜV SÜD National Engineering Laboratory has secured Government funding to build the UK’s first mobile primary standard facility for testing hydrogen refuelling stations (HRS) to ensure they deliver the correct amount of fuel.

Funded by the Department for Business, Energy & Industrial Strategy (BEIS), through the National Measurement System mechanism, the mobile facility will ensure accurate and consistent measurement of the dispensed quantity of fuel at HRS. This will assure drivers of hydrogen fuel cell electric vehicles (FCEVs) that financial transactions are correct and ensure accurate fiscal measurements for future taxation purposes. Read more…

 

Aberdeenshire-headquartered start up Salus Technical has launched a new software solution aimed at enhancing and streamlining the risk assessment process across the energy industry and beyond.

Bowtie Master has been developed with the intention of helping organisations to understand and manage the risks of major accident hazards, thereby reducing incidences. A cloud-based application, Bowtie Master facilitates the building and sharing of bowtie diagrams. While these diagrams have been in use for a number of years as a risk assessment tool across a range of industrial sectors, this new, intuitive software offers unprecedented capabilities to design, collaborate on and share these diagrams across disciplines and organisations.

As well as oil and gas, Bowtie Master can be used across a wide range of major hazard industries including aerospace, rail, construction and cyber security. Read more…

 

Since the coronavirus pandemic erupted in early 2020, energy companies have introduced various worksite measures to ensure social distancing – and keep tabs on contacts – all with varying levels of success. In response, Craig International has secured exclusive access to an out-of-the-box wearable tech solution to help address this issue.

A Space Band is a wearable transmitter that looks like a smartwatch – worn on a lanyard or around your wrist. When two people wearing Space Bands get too close, the devices light up, beep and vibrate a warning. Space Bands also link to a mobile app for instant, accurate contact tracing, and can be programmed to allow ‘bubbles’, or to adjust permitted distances.

Space Bands offer an instant, affordable way to safeguard teams. They can also drastically lower the risk of transmission and help reduce anxiety in the workplace, providing additional assurance during these challenging times. Read more…

 

 

Industrial control systems (ICS) are prone to cyber-attacks, DEKRA experts have warned. Cyber defense measures usually focus on computers, IT networks and data highway, but process control and ICS is often a little-noticed gateway for attacks. If these control systems are not secure, the process industry in particular could face huge losses. DEKRA experts advise systematic security assessments using IEC62443 standards for cyber safety in process control.

DEKRA’s CyberSafePS solution has been designed to identify cyber security risk to a process plant. Based on an analysis of the major accident hazards, the assessment evaluates the protective measures and barriers in place – the objective being to achieve cyber security via a series of systems and barriers that function independently of each other. DEKRA CyberSafePS is implemented by industry experts from DEKRA UK. Read more…

 

Marine consulting and safety specialist AMS Global Group has secured a five-year contract with major North Sea independent E&P company, Premier Oil. The deal comes as AMS confirms it has doubled revenues in its most recent financial year.

AMS Global Group has recently recruited five new employees to meet demand across all its divisions, bringing its total number of staff to 39. To accommodate growing personnel and the business, AMS Global Group has invested in new premises, taking over additional office, workshop and warehouse facilities at Paragon House, near Aberdeen Harbour, on a ten-year agreement.

Recent growth has continued across the business’ five divisions. Demand for its antiviral fogging services through AMS Disinfection has grown among customers, including Aberdeen Football Club, as well as local schools, charities and hospitality businesses. AMS Safety has continued to deliver safety equipment rental and Emergency Response Team support to clients in energy as well as food and drink. AMS Bulk, Cargo and Marine Tech are also continuing to expand to meet further opportunities. Read more…

 

Integrated materials and logistics management company, ASCO, has been granted a two-year extension by Equinor for terminal and warehousing services in Sandnessjøen.

The contract with ASCO’s Norwegian unit, which commences in July 2021, secures activities and jobs in Sandnessjøen until 2023. The award is part of a larger round of contracts for services at coastal bases along the entire Norwegian coast that applies to Equinor-operated licenses on the Norwegian shelf.

ASCO Norge works with a number of initiatives related to sustainability and reduced CO2 emissions. In collaboration with the ports in which it operates, initiatives have been taken to develop shore-side power solutions to reduce emissions and noise from vessels on land. Read more…

 

 

AGR has begun decommissioning operations at Ireland’s first indigenous gas wells, on behalf of PSE Kinsale Energy.

PSE Kinsale Energy Ltd, a wholly owned subsidiary of PETRONAS, is decommissioning its gas fields in the Kinsale Area in the Celtic Sea, approximately 50 km off the south coast of Cork, Ireland. AGR’s Aberdeen-based team is overseeing the planning and decommissioning of 14 platform wells and 10 subsea wells during the two-phase well decommissioning campaign. The gas fields first came into production in 1978 and production ceased in July this year.

AGR was awarded the contract for well decommissioning services for the Kinsale Area in 2018. The scope of work includes planning, engineering, regulatory approvals, supply chain, logistics and management and supervision of offshore operations. Read more…

 

Drone inspection and survey service provider Sky-Futures, an ICR company, has appointed connected insurance provider Flock as its drone insurance partner.

The partnership will enable Sky-Futures to seamlessly scale its drone insurance in line with its global expansion plans. The company has now conducted hundreds of large-scale projects in over 33 countries, with further plans for expansion for 2021.

Sky-Futures will also be able to harness insights generated by Flock’s risk intelligence engine to further optimise safety standards, allowing it to continue reducing risk and thereby unlock additional insurance savings. Read more…

 

Global offshore services provider Swire Oilfield Services has unveiled a new corporate brand, as the business continues to embrace the current energy transition. The company has changed its name to Swire Energy Services after more than 40 years’ operating in the oil and gas industry.

The move follows a period of diversification for Swire, which has seen it evolve from the world’s largest supplier of specialised offshore containers to the oil and gas market, to an integrated provider offering additional and complementary solutions including aviation, integrity and chemical services.

The company also now operates in industries other than oil and gas, including marine and offshore wind, and has set its sights on growing its market share in both. Read more…

 

Global Energy Group has appointed Iain Sinclair to the newly created role of Executive Director of Renewables and Energy Transition with plans to launch a new operation in Edinburgh.

The former professional rugby player, who has over 18 years’ experience in senior energy and infrastructure roles, previously held managing director positions at Forth Steel and Murray Plate Group. Mr Sinclair will join the senior management team and have a group-wide remit to develop opportunities in offshore wind, green and blue hydrogen and sustainable infrastructure.

He will also be responsible for developing plans that harness the company’s oil and gas skills and experience as it further diversifies in line with clients’ needs. Read more…

 

Aberdeen-based engineering and technology company, Apollo, has been awarded a consultancy engineering services contract with Total E&P UK.

The contract, which runs for an initial period of three years, covers seven work packages including: safety engineering, environmental engineering, development engineering, process and flow assurance, facilities engineering, subsea and pipelines engineering and decommissioning.

The award of the contract follows investment from Global Energy Group in 2019 which allowed Apollo to re-focus as a front-end and through-life engineering provider. Alongside other large contract wins, including two life-extension projects, this will enable Apollo to continue on its growth trajectory and establish itself further as a leading engineering consultancy. Read more…

 

North Sea oil and gas independent Chrysaor has submitted a Licence Application for the purpose of storing CO2, and will, in parallel, seek agreement for a Storage Lease with The Crown Estate for the storage of CO2 in a depleted southern North Sea gas reservoir.

These applications are in support of the V Net Zero Project, which aims to store and transport CO2 from the Immingham cluster on Humberside. The capture, compression and conditioning of the CO2 will be performed by the Humber Zero project, a coalition of industry partners including Vitol and Phillips 66.

The project is aligned to Chrysaor’s energy transition strategy and will be critical to delivering low-carbon infrastructure on Humberside, the UK’s most carbon intensive industrial region. Read more…

 

The end of the Brexit transition period on 31 December 2020 will have significant implications for port authorities in relation to the customs procedures and documentation required for goods being imported and exported.

Previously, free circulation goods were allowed to move within the EU with no tax or duties payable. However, all EU states will now be classed as a third country, and vice versa. As such, port users should be aware that customs entries will be required for all cargo, and may be required to show that the goods comply with EU standards.

In a new blog post, Bethan Customs Consultancy offers further advice for port authorities considering whether they have the correct approvals in place to allow commercial businesses/customers to import and export goods. Read more…

 

Deltic Energy has issued an update on activity relating to Licence P2252, which contains the Pensacola Prospect. The company reports that Shell, in its capacity as operator of the Licence, has reiterated to Deltic and the UK Oil and Gas Authority, its plan to drill the high-impact, play opening Pensacola Prospect on Licence P2252 and that it remains scheduled to be drilled in Q4 2021.

A significant amount of technical work has been and continues to be undertaken by the Shell/Deltic joint venture. Following the 3D seismic which was shot over the licence last year, the JV has confirmed that the seismic processing completed to-date and interpretations of the available data have demonstrated a robust image over Pensacola, which supports the prospectivity originally recognised by the JV at the time of the farm-in agreement.

This progress has allowed well planning on Pensacola to commence. Well design work is underway and competitive scoping of the exploration well is in the process of being completed. Read more…

 

Independent Oil and Gas (IOG) has awarded the rig contract for its Core Project Phase 1 to a subsidiary of Noble Corporation. This follows a competitive selection process by IOG’s drilling and contracting teams, assisted by well management contractor Petrofac, involving extensive technical and commercial evaluation across several drilling contractors.

Noble’s Hans Deul jack-up rig has been selected to drill the five Phase 1 production wells, one each of which are planned at the Blythe and Elgood fields and three at the Southwark field. The fields all lie in 20-30 metre water depth in the UK southern North Sea. The Hans Deul has a track record of successfully and safely executing wells in the SNS.

The Phase 1 drilling campaign is scheduled to commence in Q1 2021 and, subject to actual well durations over the five wells, is expected to last into Q2 2022, with First Gas scheduled for Q3 2021. The contract also includes extension options to drill up to two further wells on favourable terms, at IOG’s election. Read more…

 

Following the recent acquisition of its second asset, Well-Safe Solutions has secured a significant £26 million investment to fund the next phase of its growth plan.

The further investment into the decommissioning company was led by MW&L Capital Partners, following the group’s initial investment of £66 million in Well-Safe in October 2019.

Well-Safe CEO, Phil Milton, added that the continued support of MW&L and existing shareholders, including the direct investment clients of Stonehage Fleming, would enable the company to bring the Well-Safe Guardian and Well-Safe Protector into operation in the spring of 2021. The company also aims to add further assets to its fleet, supporting a campaign-based approach to decommissioning. Read more…

 

Costain gains Kitemark certification for innovation in industry

Smart infrastructure solutions company Costain is one of the first to achieve the BSI Kitemark for innovation. Costain worked in partnership with BSI, the business improvement company, to help design and pilot the new global certification scheme for innovation.

Designed to help organisations improve their innovation management performance and demonstrate the value and impact to internal stakeholders and customers, this new scheme is based on the ISO 56002 innovation management standard. It validates that organisations have a robust innovation vision, strategy, policy, and objectives underpinned by processes to deliver innovative ideas. Read more…

 

Petrofac partners with Intoware to drive digital deployment

Petrofac has signed a three-year partnership with Intoware, a provider of workflow automation software for mobile applications, to develop and deploy automation software specifically tailored to the requirements of the oil and gas industry.

The development of ‘WorkfloPlus Oil and Gas’ will further optimise the efficiencies that Petrofac has gained from digitalising maintenance and inspection activity for its clients. The software has been designed to automatically generate digital workflows, schedules and reports for users, eliminating the traditional manual and time-consuming preparation required.

The exclusive partnership is part of Petrofac’s strategy to drive best-in-class delivery for its clients through digital technologies. WorkfloPlus Oil and Gas is one of several initiatives in development and deployment across the organisation and was quickly proven to achieve significant and sustainable value and cost savings, as well as performance driven improvement. Read more…

 

bp, Ithaca start up Vorlich field

bp’s head of North Sea has praised the resilience and determination of the team which has brought the 30-million-barrel Vorlich field online safely – despite the challenges of COVID-19.

Vorlich is the second North Sea fast-paced, high-return subsea tieback to come onstream in as many years, following the successful start-up of Alligin, west of Shetland, in 2019. bp and partner Ithaca Energy invested £230 million to develop the field, which was discovered in 2014 and received regulatory approval for development in 2018.

The field has been developed through two wells with peak production expected to reach 20,000 barrels of oil equivalent per day. Vorlich hydrocarbons are processed through Ithaca’s FPF-1 floating production facility, located around 240 kilometres east of Aberdeen. Read more…

 

Bethan Customs explores business implications of Free Trade Agreement

As the end of the Brexit transition period looms ever closer, many businesses are waiting to find out whether the UK government and their EU counterparts can reach a Free Trade Agreement.

Any such agreement would allow ‘free’ trade between the EU and the UK. It would mean that, if we have a full Free Trade Agreement covering all the relevant sectors, the rate of duty would be 0%, allowing the movement of goods without the payment of any additional duty.

However, Bethan Customs Consultancy notes that there are still several changes in the pipeline that businesses should also consider, including import/export declarations, contract conditions, EORI numbers and trade tariffs. Read more…

 

TÜV SÜD to build UK-first mobile hydrogen testing facility

TÜV SÜD National Engineering Laboratory has secured Government funding to build the UK’s first mobile primary standard facility for testing hydrogen refuelling stations (HRS) to ensure they deliver the correct amount of fuel.

Funded by the Department for Business, Energy & Industrial Strategy (BEIS), through the National Measurement System mechanism, the mobile facility will ensure accurate and consistent measurement of the dispensed quantity of fuel at HRS. This will assure drivers of hydrogen fuel cell electric vehicles (FCEVs) that financial transactions are correct and ensure accurate fiscal measurements for future taxation purposes. Read more…

 

Safety start-up Salus launches pioneering risk-assessment software

Aberdeenshire-headquartered start up Salus Technical has launched a new software solution aimed at enhancing and streamlining the risk assessment process across the energy industry and beyond.

Bowtie Master has been developed with the intention of helping organisations to understand and manage the risks of major accident hazards, thereby reducing incidences. A cloud-based application, Bowtie Master facilitates the building and sharing of bowtie diagrams. While these diagrams have been in use for a number of years as a risk assessment tool across a range of industrial sectors, this new, intuitive software offers unprecedented capabilities to design, collaborate on and share these diagrams across disciplines and organisations.

As well as oil and gas, Bowtie Master can be used across a wide range of major hazard industries including aerospace, rail, construction and cyber security. Read more…

 

Craig International offers Space Bands to aid social distancing

Since the coronavirus pandemic erupted in early 2020, energy companies have introduced various worksite measures to ensure social distancing – and keep tabs on contacts – all with varying levels of success. In response, Craig International has secured exclusive access to an out-of-the-box wearable tech solution to help address this issue.

A Space Band is a wearable transmitter that looks like a smartwatch – worn on a lanyard or around your wrist. When two people wearing Space Bands get too close, the devices light up, beep and vibrate a warning. Space Bands also link to a mobile app for instant, accurate contact tracing, and can be programmed to allow ‘bubbles’, or to adjust permitted distances.

Space Bands offer an instant, affordable way to safeguard teams. They can also drastically lower the risk of transmission and help reduce anxiety in the workplace, providing additional assurance during these challenging times. Read more…

 

 

DEKRA helps identify ICS cyber security risks

Industrial control systems (ICS) are prone to cyber-attacks, DEKRA experts have warned. Cyber defense measures usually focus on computers, IT networks and data highway, but process control and ICS is often a little-noticed gateway for attacks. If these control systems are not secure, the process industry in particular could face huge losses. DEKRA experts advise systematic security assessments using IEC62443 standards for cyber safety in process control.

DEKRA’s CyberSafePS solution has been designed to identify cyber security risk to a process plant. Based on an analysis of the major accident hazards, the assessment evaluates the protective measures and barriers in place – the objective being to achieve cyber security via a series of systems and barriers that function independently of each other. DEKRA CyberSafePS is implemented by industry experts from DEKRA UK. Read more…

 

AMS Global Group welcomes significant contract as it invests in growth

Marine consulting and safety specialist AMS Global Group has secured a five-year contract with major North Sea independent E&P company, Premier Oil. The deal comes as AMS confirms it has doubled revenues in its most recent financial year.

AMS Global Group has recently recruited five new employees to meet demand across all its divisions, bringing its total number of staff to 39. To accommodate growing personnel and the business, AMS Global Group has invested in new premises, taking over additional office, workshop and warehouse facilities at Paragon House, near Aberdeen Harbour, on a ten-year agreement.

Recent growth has continued across the business’ five divisions. Demand for its antiviral fogging services through AMS Disinfection has grown among customers, including Aberdeen Football Club, as well as local schools, charities and hospitality businesses. AMS Safety has continued to deliver safety equipment rental and Emergency Response Team support to clients in energy as well as food and drink. AMS Bulk, Cargo and Marine Tech are also continuing to expand to meet further opportunities. Read more…

 

ASCO awarded two-year extension from Equinor

Integrated materials and logistics management company, ASCO, has been granted a two-year extension by Equinor for terminal and warehousing services in Sandnessjøen.

The contract with ASCO’s Norwegian unit, which commences in July 2021, secures activities and jobs in Sandnessjøen until 2023. The award is part of a larger round of contracts for services at coastal bases along the entire Norwegian coast that applies to Equinor-operated licenses on the Norwegian shelf.

ASCO Norge works with a number of initiatives related to sustainability and reduced CO2 emissions. In collaboration with the ports in which it operates, initiatives have been taken to develop shore-side power solutions to reduce emissions and noise from vessels on land. Read more…

 

 

AGR begins decommissioning operations offshore Ireland

AGR has begun decommissioning operations at Ireland’s first indigenous gas wells, on behalf of PSE Kinsale Energy.

PSE Kinsale Energy Ltd, a wholly owned subsidiary of PETRONAS, is decommissioning its gas fields in the Kinsale Area in the Celtic Sea, approximately 50 km off the south coast of Cork, Ireland. AGR’s Aberdeen-based team is overseeing the planning and decommissioning of 14 platform wells and 10 subsea wells during the two-phase well decommissioning campaign. The gas fields first came into production in 1978 and production ceased in July this year.

AGR was awarded the contract for well decommissioning services for the Kinsale Area in 2018. The scope of work includes planning, engineering, regulatory approvals, supply chain, logistics and management and supervision of offshore operations. Read more…

 

Sky-Futures signs Flock as drone insurance partner

Drone inspection and survey service provider Sky-Futures, an ICR company, has appointed connected insurance provider Flock as its drone insurance partner.

The partnership will enable Sky-Futures to seamlessly scale its drone insurance in line with its global expansion plans. The company has now conducted hundreds of large-scale projects in over 33 countries, with further plans for expansion for 2021.

Sky-Futures will also be able to harness insights generated by Flock’s risk intelligence engine to further optimise safety standards, allowing it to continue reducing risk and thereby unlock additional insurance savings. Read more…

 

Swire rebrands with commitment to energy transition

Global offshore services provider Swire Oilfield Services has unveiled a new corporate brand, as the business continues to embrace the current energy transition. The company has changed its name to Swire Energy Services after more than 40 years’ operating in the oil and gas industry.

The move follows a period of diversification for Swire, which has seen it evolve from the world’s largest supplier of specialised offshore containers to the oil and gas market, to an integrated provider offering additional and complementary solutions including aviation, integrity and chemical services.

The company also now operates in industries other than oil and gas, including marine and offshore wind, and has set its sights on growing its market share in both. Read more…

 

Global Energy Group appoints new director of renewables business

Global Energy Group has appointed Iain Sinclair to the newly created role of Executive Director of Renewables and Energy Transition with plans to launch a new operation in Edinburgh.

The former professional rugby player, who has over 18 years’ experience in senior energy and infrastructure roles, previously held managing director positions at Forth Steel and Murray Plate Group. Mr Sinclair will join the senior management team and have a group-wide remit to develop opportunities in offshore wind, green and blue hydrogen and sustainable infrastructure.

He will also be responsible for developing plans that harness the company’s oil and gas skills and experience as it further diversifies in line with clients’ needs. Read more…

 

Total chooses Apollo for consultancy engineering services

Aberdeen-based engineering and technology company, Apollo, has been awarded a consultancy engineering services contract with Total E&P UK.

The contract, which runs for an initial period of three years, covers seven work packages including: safety engineering, environmental engineering, development engineering, process and flow assurance, facilities engineering, subsea and pipelines engineering and decommissioning.

The award of the contract follows investment from Global Energy Group in 2019 which allowed Apollo to re-focus as a front-end and through-life engineering provider. Alongside other large contract wins, including two life-extension projects, this will enable Apollo to continue on its growth trajectory and establish itself further as a leading engineering consultancy. Read more…

 

Chrysaor submits licence application for CO2 storage

North Sea oil and gas independent Chrysaor has submitted a Licence Application for the purpose of storing CO2, and will, in parallel, seek agreement for a Storage Lease with The Crown Estate for the storage of CO2 in a depleted southern North Sea gas reservoir.

These applications are in support of the V Net Zero Project, which aims to store and transport CO2 from the Immingham cluster on Humberside. The capture, compression and conditioning of the CO2 will be performed by the Humber Zero project, a coalition of industry partners including Vitol and Phillips 66.

The project is aligned to Chrysaor’s energy transition strategy and will be critical to delivering low-carbon infrastructure on Humberside, the UK’s most carbon intensive industrial region. Read more…

 

Bethan Customs offers Brexit planning advice for ports

The end of the Brexit transition period on 31 December 2020 will have significant implications for port authorities in relation to the customs procedures and documentation required for goods being imported and exported.

Previously, free circulation goods were allowed to move within the EU with no tax or duties payable. However, all EU states will now be classed as a third country, and vice versa. As such, port users should be aware that customs entries will be required for all cargo, and may be required to show that the goods comply with EU standards.

In a new blog post, Bethan Customs Consultancy offers further advice for port authorities considering whether they have the correct approvals in place to allow commercial businesses/customers to import and export goods. Read more…

 

Deltic Energy issues update on Pensacola Prospect

Deltic Energy has issued an update on activity relating to Licence P2252, which contains the Pensacola Prospect. The company reports that Shell, in its capacity as operator of the Licence, has reiterated to Deltic and the UK Oil and Gas Authority, its plan to drill the high-impact, play opening Pensacola Prospect on Licence P2252 and that it remains scheduled to be drilled in Q4 2021.

A significant amount of technical work has been and continues to be undertaken by the Shell/Deltic joint venture. Following the 3D seismic which was shot over the licence last year, the JV has confirmed that the seismic processing completed to-date and interpretations of the available data have demonstrated a robust image over Pensacola, which supports the prospectivity originally recognised by the JV at the time of the farm-in agreement.

This progress has allowed well planning on Pensacola to commence. Well design work is underway and competitive scoping of the exploration well is in the process of being completed. Read more…

 

IOG awards Phase 1 rig contract to Noble

Independent Oil and Gas (IOG) has awarded the rig contract for its Core Project Phase 1 to a subsidiary of Noble Corporation. This follows a competitive selection process by IOG’s drilling and contracting teams, assisted by well management contractor Petrofac, involving extensive technical and commercial evaluation across several drilling contractors.

Noble’s Hans Deul jack-up rig has been selected to drill the five Phase 1 production wells, one each of which are planned at the Blythe and Elgood fields and three at the Southwark field. The fields all lie in 20-30 metre water depth in the UK southern North Sea. The Hans Deul has a track record of successfully and safely executing wells in the SNS.

The Phase 1 drilling campaign is scheduled to commence in Q1 2021 and, subject to actual well durations over the five wells, is expected to last into Q2 2022, with First Gas scheduled for Q3 2021. The contract also includes extension options to drill up to two further wells on favourable terms, at IOG’s election. Read more…

 

Well-Safe Solutions secures major investment

Following the recent acquisition of its second asset, Well-Safe Solutions has secured a significant £26 million investment to fund the next phase of its growth plan.

The further investment into the decommissioning company was led by MW&L Capital Partners, following the group’s initial investment of £66 million in Well-Safe in October 2019.

Well-Safe CEO, Phil Milton, added that the continued support of MW&L and existing shareholders, including the direct investment clients of Stonehage Fleming, would enable the company to bring the Well-Safe Guardian and Well-Safe Protector into operation in the spring of 2021. The company also aims to add further assets to its fleet, supporting a campaign-based approach to decommissioning. Read more…