Monthly Archives: June 2018

Equinor awards light well intervention contract to Akofs

Equinor is the operator of about 560 subsea wells on stream on the Norwegian continental shelf. The wells require maintenance, repairs and new production actions. In 2017 Equinor performed 55 light well intervention operations, the average break-even for new production being less than USD 4 per barrel.

Granted for a period of five years the contract for wireline operations on Equinor’s subsea wells includes an option for one 3-year extension. The estimated contract value for the five years is slightly less than NOK 3 billion. Among the services included in the contract are running of well control package, wireline services, remotely operated vehicle, some logging services and well tractor use.

Akofs Seafarer is 156 metres long, and thus a substantially larger vessel than those formerly used for well interventions for Equinor.

“The past three years we have been performing light well intervention activities during the periods of the year with best weather. We now wish to perform all-year interventions, with a vessel working in the same way as mobile rigs when it comes to waiting on weather. This is a robust vessel which will be able to operate large parts of the year,” says Geir Tungesvik, Equinor’s senior vice president for drilling & well.

The contract is a continuation the letter of intent signed between Equinor and Akofs Offshore on 16 May. Akofs Offshore is a subsidiary of Akastor.

Related pages and downloads

Source: Statoil - Vacant positions

Equinor enters solar project in Argentina

The Norwegian independent solar power producer Scatec Solar is acquiring the other 50% of the asset.

"We are very pleased to have acquired a stake in this opportunity. We are entering a renewable market with growth potential through a mature and advanced solar project. Following a dramatic reduction in cost for solar, we are looking forward to work with our partner, the Argentinean authorities and the local supply chain to advance solar as a competitive source of energy," says Irene Rummelhoff, Executive Vice President of New Energy Solutions in Equinor.

The G2A asset is a 117 MW ready-to-build solar project located in the San Juan region of Argentina. The asset was awarded a 20-year electricity offtake agreement (PPA) in the December 2017 RenovAr auction, held by CAMMESA, the Argentinian Electricity Regulatory Agency, with a fixed price equivalent to ~50 USD/MWh. Final investment decision is expected later in 2018, with an estimated production start-up late 2019.

Source: Statoil - Vacant positions

Equinor offered interesting licences in 24th licensing round

“We have a clear ambition of maintaining profitable production at today’s level on the Norwegian continental shelf (NCS) until 2030 and beyond. It is therefore crucial that we are awarded new exploration acreage beyond already opened areas. We are pleased with the offer we have received today,” says Arne Sigve Nylund, Equinor’s executive vice president for Development and Production Norway.

The award includes a commitment well in the southwestern part of the Barents Sea. Equinor has also been offered an interesting licence in deep waters in a frontier part of the Vøring Basin in the Norwegian Sea.

“This award is in line with Equinor’s exploration strategy, securing us access at scale. Exploration on the Norwegian continental shelf (NCS) is becoming ever more challenging. It is important to Norway and the companies to map remaining commercial resources both in the Norwegian Sea and the Barents Sea. We see the need for testing new exploration models and that is what we aim for in these licences. Proving alternative exploration models is the best way of fully mapping the NCS resources,” says Nicholas Ashton, head of exploration on the NCS.

“We have built on our 40-year history in North Norway and our long exploration experience from the Barents Sea. We therefore want to clarify the potential in the western margin of the Barents Sea and in the Hoop area around Wisting. A Equinor team has worked for a long time on preparing this application, and I am very proud of everyone who has coopered across Equinor to secure the award we received today,” says Ashton.

In contrast to the awards of the 23rd licensing round, the majority of these awards are less mature and therefore require more work before the drilling candidates are ready. Consequently, Equinor will gather and interpret data before the licences are presented to the partners who will decide on any drilling of exploration wells.

“Our drilling campaign in 2017, and the cooperation we have seen in the industry through Barents Sea Exploration Collaboration (BaSEC) prove that we can drill safely and in a commercially competitive way in these areas,» indicates Ashton.

“This as a great opportunity for us. We firmly believe that if we find a sufficient amount of resources we will be able to develop them in a profitable and sustainable manner,” concludes Nicholas Ashton.

In the 24th licensing round Equinor has been offered new production licences in the following areas:

  • 100 % share and operator for production licence PL957 (blocks 6201/6 og 6202/4)
  • 50 % share and operator for production licence PL959 (blocks 6503/8, 11, 12 og 6504/10, 11) 
  • 40 % share and operator for production licence PL960 (blocks 7018/4, 5) 
  • 50 % share and operator for production licence PL961 (blocks 7116/6 og 7117/4, 5)
  • 70 % share and operator for production licence PL966 (blocks 7325/2, 3, 6, 8, 9 og 7326/4, 7, 8, 9 og 7327/7, 8 og 7426/10, 11) 
  • 30 % share and partner for production licence PL963 (blocks 7422/10, 11)  - AkerBP is the operator
  • 35 % share and partner for production licence PL537B (block 7324/4)  - OMV is the operator

Related pages

Source: Statoil - Vacant positions

Awarding drilling and well service contracts worth NOK 30 billion

The contracts include options for five 2-year extensions. Extension of the contracts is subject to continuous achievement of the goals for well deliveries.

“This is a great day for Equinor and the Norwegian continental shelf. The contracts are the biggest we have ever awarded within drilling and well service. The integrated delivery model we have chosen will strengthen the interaction between the service supplier, rig supplier and operator, enabling us to drill more wells. This, in turn, will enhance recovery and ensure long-term operations,” says Pål Eitrheim, Equinor’s chief procurement officer.

The purpose of integrated drilling and well services is to clarify roles and responsibilities. This results in less interfaces and more clearly defined responsibilities, facilitating more seamless planning and implementation of the operations between the various contributors.

Building on experience

“The collaboration model has already been tested out for Johan Sverdrup Phase 1, Aasta Hansteen, Mariner and the Askeladd and Askepott Cat J rigs with very good safety and efficiency results,” says Geir Tungesvik, senior vice president, drilling & well.

The new contracts will create jobs for some 2000 people on 17 fixed platforms and eight mobile rigs. They replace the current service contracts, which expire on 31 August. The contracts aim at new ways of collaborating, giving the service suppliers greater responsibility for services than before. Support from land will be essential to successful implementation of integrated operations. For mobile units the service contracts will be linked to the rig rather than the various licences.

“The service supplier, rig supplier and Equinor will collaborate as a team, and together decide how to best solve the tasks. We have common drivers to help us achieve our aims, and we are willing to reward good performance, because it helps us increase profitability. The principle of the collaboration model is to always operate according to best practice, learn across operations and leverage lessons learned for continuous improvement,” says Tungesvik.

The contracts include the following services for well construction:

  • Integrated drilling services
  • Cementation and pumping
  • Drilling and completion fluids
  • Electrical logging
  • Completion

The press is invited to attend the contract signing in Equinor’s main office in Stavanger Monday 18 June at 10:00.

Meeting time: 09:45

Meeting place: Reception Equinor Business Centre

Attendants:

  • Pål Eitrheim, chief procurement officer, Equinor
  • Geir Tungesvik, senior vice president drilling& well, Equinor
  • Christopher W. Jones, Europe oilfields services leader, Baker Hughes GE
  • Sanjeev Verma, vice president Norway operations, Halliburton
  • Atle Nottveit, geomarket manager Scandinavia, Schlumberger

To register to the contract signing ceremony contact Morten Eek [email protected]

Awarded contracts:

Source: Statoil - Vacant positions

Equinor completes acquisition of 25% interest in Brazil’s Roncador oil field

Reflecting equity volumes produced since the effective date of 1 January 2018 and the deposit paid upon the signing of the transaction, Equinor has paid Petrobras an adjusted cash consideration of USD 2.0 billion. There remain additional contingent payments of up to USD 550 million related to investments in projects to increase the recovery from the field.

Based on current production the interest in Roncador, the third largest producing field in Brazil, increases Equinor’s equity production in Brazil by around 150% to around 100,000 boe per day from around 40,000 boe per day. Petrobras retains operatorship of Roncador and a 75% interest.

The acquisition is part of Equinor’s strategic partnership with Petrobras to expand technical collaboration. Equinor will leverage its Increased Oil Recovery (IOR) technology, competence and experience from the Norwegian Continental Shelf (NCS), while Petrobras will use its experience as the world’s largest deepwater operator and pre-salt developer to maximise value creation from and the longevity of the Roncador field. Equinor is also using the partnership with Petrobras to develop its presence in the natural gas market in Brazil.

The ambition is to increase Roncador’s recovery factor by five percentage points, increasing the total remaining recoverable volumes from 1 billion boe to more than 1.5 billion boe.

“We look forward to working with Petrobras to maximise the upside potential from the Roncador field. The collaboration between the two companies will enable us to extend the productive life of the field, which will result in enhanced ripple effects for local communities and the supplier industry. This will also result in increased value and cash flows for the benefit of Brazil and the companies involved”, says Anders Opedal, Brazil country manager.

Related pages and downloads

Source: Statoil - Vacant positions

Disclosing all Volve data

The operator Equinor has, together with the Volve licence partners, decided to disclose all subsurface and operating data from Volve. This will be the most comprehensive NCS data release ever made.

“Volve is an example of how we searched for every possibility to extend the field life. Now we want to share all Volve data to ensure learning and development of future solutions. We believe that this data will be highly useful, contributing to further learning and experience transfer in the industry and in academia,” says Jannicke Nilsson, Equinor’s chief operating officer (COO).

Starting in February 2008, the Volve production lasted for about eight years. At peak, the field produced 56,000 barrels per day, and a total of 63 million barrels of oil were produced before the field was shut down in 2016. The field was developed when the oil price was low, and an unconventional concept was chosen to recover the resources in an easy and profitable manner. The field data will now have a new life. The Volve licensees were ExxonMobil and Bayerngas.

One of the specific goals of the data release is to allow students from relevant fields of study to train on real data sets from the NCS.

“We believe that the learning potential for students is huge when they can train on real data, and it will prepare them further for working on real cases in the future,” says Nilsson.

This is the most comprehensive and complete data set ever gathered on the NCS. It covers a total of around 40,000 files, including both static models and dynamic simulations; well data, real-time drilling data, production data, geophysical data including interpretations, various reports etc.

“We also share this data set to encourage higher productivity and innovation in the industry. We hope that it will not only help future energy innovators in their work, but also contribute to more efficient operation and possibly better interaction between players in our industry,” says Nilsson.

Related pages

Source: Statoil - Vacant positions

Chief Operating Officer (#548312925)

Posted: 12 June 2018 at 10:51   Expires: 11 August 2018 at 10:51

Posted In: Management > Executive

Location: Nigeria > Lagos

A newly formed ship repair, maintenance, fabrication and integration yard in West Africa requires a Chief Operating Officer. The Manager’s main responsibilities will include assisting in setting up the Company’s operations, leading and guiding the operational teams and assisting in marketing to clients. The COO will also be responsible for coordinating the activities of setting-up the yard with a new management team. The maximum capacity of the Yard is 1,000 ton / month and the infrastructure and facilities are all first class.

Key Requirements

Qualifications, Experience and Personal Attributes: QUALIFICATIONS • BSC or BE or B. Tech in Mechanical Engineering or Production • Engineering or Industrial Engineering plus an MBA or Post-Graduate degree (preferable) • Relevant Professional Qualification • Additional education may include specialized training, professional certifications, workshops and seminars relevant to industry. EXPERIENCE • At least 15 years’ experience working in a Supervisor role for a leading offshore steel fabrication and engineering Company. • Demonstrable competency in strategic planning and business development • Able to take a long-term view. • Capable of problem solving, decision making and failure analysis. • Experience in implementing and overseeing the application of HR, Finance, Operations and Strategic Management in the day to day business.

Job Description

Principal Duties & Responsibilities:

• Manage the overall company operations and day to day repairs and fabrication activities

• Implement and maintain international standards such as ASTM, ASME, ANSI, API etc.,

governing all aspects of work in the Yard as well as the certification and handling of

production machinery, equipment and machine tools.

• Design and implement business strategies, plans and procedures

• Set comprehensive goals for performance and growth

• Establish policies that promote company culture and vision

• Oversee daily operations of the company and the work of executives (IT, Marketing, Sales,

Finance etc.)

• Lead employees to encourage maximum performance and dedication

• Evaluate performance by analysing and interpreting data and metrics

• Write and submit reports to the CEO in all matters of importance

• Assist CEO in fundraising ventures

• Participate in expansion activities (investments, acquisitions, corporate alliances etc.)

• Manage relationships with partners/vendors Consistently motivate, train and develop

employees at the Company.

Experience in fundraising

• Working knowledge of data analysis and performance/operation metrics

• Working knowledge of IT/Business infrastructure and MS Dynamics

• Outstanding organizational and leadership abilities

• Aptitude in decision-making and problem-solving A self-motivated leader & a team player.

• Familiar with modern production technologies and prepared to learn and master new

technologies and concepts, with a track record of having remained fully abreast of the new

developments in the industry over the last 15 years.

• Exceptional inter-personal & communication skills (both verbal & written), including

negotiating, persuasive and presentation skills.

• Excellent marketing skills and business sense for achieving results.

• Skills in dealing with and developing potential clients from international Oil Companies, to

industrial manufacturers


Apply for this oil and gas job


I + C Engineer (#878312258)

Posted: 12 June 2018 at 10:38   Expires: 11 August 2018 at 10:38

Posted In: Engineering > Instrumentation

Location: Nigeria

To project manage all I&C works within the project as client representative, in a cost efficient, technically complaint manner, observing the SHEQ standards, on time and within budget.

Key Requirements

Experience Engineering Degree in related field or equivalent in yrs exp will be considered !0 years of power plant Controls exp is preferred, however other industrial plant controls exp may be considered (oil&Gas/petrochem) Knowledge, skills and ability ? The resilience to deal with periods of work pressure and diplomacy to deal with difficult employees, customers, contactors and others in the course of their duties; ? Reliable, with the ability to maintain high levels of service; ? Motivated with the ability to effectively work on own initiative; Physical fitness and mental agility to successful function for an extended period if required.

Job Description

SHEQ and Security

• Ensure all work is performed in line with Company policies, procedures and standards; • Ensure all IMS legislations are adhered to.

• Reporting of all incidents in line with set SHEQ and Security procedures.

General

• The Employee may also be required to perform duties not directly related to their area of experience or expertise, in which case proper instruction will be provided by the Company;

• Ensure that the highest ethical standards are maintained in all activities;

• Conduct himself in a dignified and respectful manner that reflects well on the Employer and also sets an example for the other employees.

Requirements

? The resilience to deal with periods of work pressure and diplomacy to deal with difficult employees, customers, contactors and others in the course of their duties;

? Reliable, with the ability to maintain high levels of service;

? Motivated with the ability to effectively work on own initiative;

Physical fitness and mental agility to successful function for an extended period if required.


Apply for this oil and gas job


MCI Lead Production Manager (#338310394)

Posted: 12 June 2018 at 10:19   Expires: 11 August 2018 at 10:19

Posted In: Management > Production

Location: Nigeria > Lagos

A newly formed ship repair, maintenance, fabrication and integration yard in West Africa requires a Lead Production Manager. The Manager’s main responsibilities will include setting up, leading and guiding the teams engaged in repairs, maintenance, fabrication and integration in the Yard. The Manager will also be responsible for coordinating the activities of setting-up the yard with a new management team. The initially work in the Yard will be focused on ship and rig repairs, however the Yard also has a capacity to fabricate 1,000 ton / month of new steel works. The Manager will also be asked to assist in identifying and developing new business opportunities

Key Requirements

Qualifications, Experience and Personal Attributes: QUALIFICATIONS Preferably someone who is fluent in French • BSC or BE or B. Tech in Mechanical Engineering or Production • Engineering or Industrial Engineering plus an MBA or Post-Graduate degree (preferable) • Extensive experience (ideally including relevant qualifications) in Naval Architecture / Shipwright • Relevant Professional Qualification • Additional education may include specialized training, professional certifications, workshops and seminars relevant to industry. EXPERIENCE • At least 15 years’ experience working at or above a Supervisor level role for a leading offshore fabrication / ship repairs and maintenance and engineering Company. • Possess technical proficiency as well as a business acumen & commercial judgment. • Strategic mindset, able to take a long-term view. • Capable of problem solving, decision making and failure analysis. • A self-motivated leader & a team player. • Familiar with modern production technologies and prepared to learn and master new technologies and concepts, with a track record of having remained fully abreast of the new developments in the industry over the last 15 years. • Exceptional inter-personal & communication skills (both verbal & written), including negotiating, persuasive and presentation skills. • Excellent marketing skills and business sense for achieving results. • Skills in dealing with and developing potential clients from international Oil Companies, to industrial manufacturers. • Practical application of HR, Finance, Operations and Strategic Management in the day to day business.

Job Description

Principal Duties & Responsibilities:

• Manage execution of ship repairs, maintenance, fabrication and related operations in the

Yard. Oversee all work programs, ensure work is being done on time and to the quality

required.

• Due to the start-up nature of this organisation the Manager will be required to work at all

levels and cover positions which will not be filled until the Yard is more established.

• Manager must have the ability to carry out and teach welding.

• Work done in the Yard will include the use of a range of advanced machines, such as CNG

welding machines and modern welding technology including usage of Submerged Arc

Welding (SAW) automatic welding machines.

• Implement and maintain international standards such as ASTM, ASME, ANSI, API etc.,

governing all aspects of fabrication as well as the certification and handling of production

machinery, equipment and machine tools.

• Implement an electronic tracking and material management systems in the Yard, which will

include material traceability systems and inventory management.

• Conduct periodical production review meetings and prepare weekly reports for the COO.

• Put in place organization chart(s) for the Ship Repair and Fabrication Business Unit and

develop roles and responsibilities for each employee in the Unit.

• Meet Company production targets.

• Monitor and control costs as per the approved budget to achieve profitability targets.

• Review the present documents relating to production processes, procedures and policies

and amend them as necessary to enhance the overall efficiency and profitability of the

business.

• Propose and implement new policies, procedures and work instructions to improve

production processes, minimise waste, reworks and defects and maintain the Company’s

high-quality standards.

• Implement Safety Policies of the company and provide safety training for all employees.

• Coordinate with QA & QC department in assessing the quality issues, conduct root-cause

analysis and implement preventive and corrective actions.

• Implement factory maintenance program covering preventive, shut down & predictive

maintenance of all Yard equipment and machines to achieve maximum production capacity.

???Be responsible for the Balance Sheet of the Fabrication Business Unit (FBU) including preparation of operational & development budgets.

• Work with the Finance Team to prepare a five-year long-term strategic plan and be responsible for achieving top and bottom lines particularly the production targets set by the COO.

• Assist the Business Development and Finance Teams by calculating accurate production costs for all processes to arrive at accurate estimates for both internal and external use.

• Leading the Business Development Team when it comes to the preparation of production related tender responses, offers and quotations to clients and following up on enquiries to convert them into work orders.

• Consistently motivate, train and develop employees at the Company.


Apply for this oil and gas job


Johan Castberg PDO approved

“This is a great day for the project and for the licence partners. After all, this is the first development plan to be approved for Equinor! And it is not any project either. It was a long road for Johan Castberg after the first discovery in 2011. Today we have a solid project that will be central in the further development of the northern regions,” says Margareth Øvrum, Equinor’s executive vice president for Technology, Projects and Drilling.

With first oil scheduled for 2022, the field has a production horizon of 30 years. Capital expenditures for the project are NOK 49 billion, and recoverable resources are estimated at 450-650 million barrels of oil equivalent. The field development consists of a production vessel and a comprehensive subsea system, including a total of 30 wells distributed on 10 templates and 2 satellite structures. This is currently the largest subsea field under development globally.

“The project is on schedule, and gradually we will see the results of the construction work. Many yards and companies across the country will be busy with Johan Castberg deliveries in the years to come,” says Knut Gjertsen, project director for Johan Castberg.

We could not take for granted that the project would be realizable when the oil price dropped in 2014. The original capital expenditures were estimated at more than NOK 100 billion and the break-even oil price was above USD 80 per barrel.

The project has worked hard together with suppliers and partners, they have changed the concept and found new solutions for realizing the development. Today the project is profitable at an oil price below USD 35 per barrel.

The Johan Castberg field will have a supply and helicopter base in Hammerfest and an operations organisation in Harstad. The costs of operating the field are estimated at some NOK 1.15 billion per year, representing around 1700 man-years nationwide, some 500 of which will be performed in Northern Norway. This includes both direct and indirect spinoffs.

Equinor and the other operators with oil deposits in the Barents Sea are looking at the possibilities of oil transfer at Veidnes in Finnmark county, including both a downscaled terminal solution and ship-to-ship transfer.

The Johan Castberg partnership consists of Equinor (operator 50%), Eni Norge (30%) and Petoro (20%).

Related pages and downloads

Source: Statoil - Vacant positions

More electrification potential offshore Norway

The platforms that may be powered from land are Troll C and the Sleipner field centre that includes the Gudrun tie-in platform in the North Sea.

“Equinor’s ambition is to maintain our position as one of the world’s most carbon-efficient oil and gas producers. We are now looking at the possibility of supplying power from land to Troll C and the Sleipner area by utilising and expanding existing infrastructure from land. If we succeed, we will further improve our ability to deliver safe operations with high value creation and low carbon emissions from fields we operate on the Norwegian continental shelf (NCS),” says Arne Sigve Nylund, Equinor’s executive vice president for the NCS.

On Troll C, the CO2 emission reduction potential is 365,000 tonnes per year by platform electrification. Electrification of the Sleipner field centre and Gudrun, which is powered from Sleipner, has the potential for reducing emissions by 250,000 tonnes per year. Electrification of these platforms may also lead to annual reductions of NOx emissions by around 2500 tonnes.

“Adding this to reductions that will be achieved by choosing land-based power supply to Johan Sverdrup, Gina Krog and Martin Linge, we see the potential for cutting more than 1.3 million tonnes of CO2 in total per year. This is equivalent to annual emissions from more than 650,000 private cars, or approximately every fourth private car on Norwegian roads,” says Nylund.

The electrification plans follow a mapping study that Equinor has made of own-operated NCS fields. The mapping identified Troll C and the Sleipner field centre, including the Gudrun platform, as the most suitable electrification candidates for further consideration.

“Powering major offshore oil and gas installations from land is no easy task. There are many challenges, both technical and financial, and several of our installations are in areas with no possibility for tying in to land-based power supply. The reason why we are looking at the potential for land-based power to Troll C and the Sleipner area is that they can utilise existing power supply infrastructure, they have large remaining resources and the measures will lead to considerable CO2 reductions,” continues Nylund.

Source: Statoil - Vacant positions