Offshore Energies Magazine - Issue 55 Spring 2023

Member News

to be able to announce this contract extension with BP for the Stena IceMAX ." It looks forward to starting operations later this year, it added. And a few days earlier it announced a new contract with Ithaca Energy for the mobile offshore drilling unit Stena Spey . Its operations on the UKCS are due to start between June 1 and September 1 for a firm scope of one well. Mocean signs on TEXO TEXO E&F is now Mocean’s preferred fabrication, assembly and load-out contractor for its Blue Star and Blue Horizon wave energy converters, the technical support company said March 29. The memorandum of understanding follows a competitive tendering process. The company is already providing technical support to design Mocean Energy’s products for manufacture. A fabrication and assembly contract is expected after design completion. Mocean Energy designs and delivers wave energy converters to power ocean equipment and the grid. It has two wave-energy technologies under development: Blue Star will power subsea equipment and Blue Horizon will generate grid-scale electricity. Semco has good 2022 Danish offshore contractor Semco Maritime enjoyed good financial results in 2022, despite market volatility and unstable external conditions. Its order book remained strong at DKr 4.4bn (£500mn) at December 31, compared with DKr 4.8bn the year earlier, the Danish offshore construction firm said April 13. Revenue rose 38% to DKr 3.4bn and earnings by 155% to DKr 204mn with strong contributions from both the renewables and hydrocarbons units Semco cited geopolitical tensions, an energy crisis and an intensified focus on energy security as drivers for its growth. Energy security concerns also resulted in much greater political commitment to accelerate investments for the green transition, it said.

It exceeded expectations with over 10,000 barrels/day output. Tailwind owns a 65% share in Triton. "We are delighted with the strong initial results," said Serica's CEO Mitch Flegg. Serica's combined output before Gannet was 45,000 b/d and this puts it in the top ten North Sea producers. Mr Flegg described the deal as "a rare opportunity to acquire a successful company with an outstanding portfolio of assets that are complementary to the existing Serica portfolio." He added that the company's financial strength would allow it to continue returns to shareholders "while supporting an ongoing campaign of mergers and acquisitions and organic investments." International well decommissioning specialists Well-Safe Solutions is supporting BP’s work on two suspended wells in its Kate field in the North Sea, 220 km from Aberdeen, it said March 9. The Noble Innovator jack-up vessel will deploy Well-Safe Solutions’ Well Decommissioning Delivery Process. Well-Safe Solutions said: "We are very much looking forward to supporting BP with this work scope, which involves detailedsubsurfaceandwell engineering basis of design studies ideally suited to our specialist capabilities. "Well-Safe Solutions will be instrumental in establishing and evaluating key subsurface isolation criteria including identifying and quantifying zones of flow potential and risks associated with redevelopment." Well-Safe, Apache sign term decom deal Tier 1 contractor Well-Safe Solutions and Apache Corp have signed a multi-year framework agreement to decommission wells in the North Sea, they said February 15. The deal provides the US-based Oilfield Services Well-Safe uses vessels

energy producer with access to Well Safe Defender and Well-Safe Guardian to plug and abandon (P&A) its well stock. Separately Apache has secured a slot for Well-Safe Solutions to P&A subsea wells in the UK Continental Shelf. Well-Safe Solutions said: "By building a strong track record solely in well P&A operations instead of continually switching between drilling and decommissioning, the cumulative experience gained ensures the delivery of safe and efficient operations." Quanta adds 3 yrs to contract Engineering firm Quanta has secured another three-year framework extension agreement to support an oil and gas client. It covers the full range of engineering, procurement and constructionservices, itsaidFebruary13. The deal is testament to the excellent working relationships that Quanta builds with its clients, it said. Formerly known as Fabricom Offshore Services until a management buy-out in 2018, Quanta boasts a strong oil and gas client base. Its innovative approach to brownfield modifications is helping oil and gas companies increase efficiencies and maximise output from ageing assets. CEO Nick Oates said: "This is fantastic news which comes quickly off the back of two other framework extension contract wins." Stena contracts rigs Stena Drilling has found more work for two of its rigs, it said in early February. The newly spun-off entity agreed a contract extension with UK major BP for the mobile offshore drilling unit (MODU) Stena IceMAX . This extension will see the MODU move to the US Gulf of Mexico in direct continuation of the initial one-well programme – estimated 90 days – and then to offshore Newfoundland, for a further scope of two years. Stena Drilling said it was "delighted

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