Dart Commences Drilling Ops at China Daijing Proj.

- Dart Commences Drilling Ops at China Daijing Proj.

Thursday, September 08, 2011
Dart Energy Ltd.

Dart Energy has commenced drilling activities at the Dajing project in Xinjiang Province, China, with the spudding of the first two exploration wells (DJD-02E and DJD-10E). This is part of an initial exploration program which will see a total of up to 14 exploration wells drilled prior to year end, and assuming no program delays, Dart would expect first core drilling results to be available in the first quarter of 2012.

This follows approval in August of the 2011 exploration program and budget by the Dajing Joint Management Committee (JMC). The JMC is comprised of representatives of both Dart and its partner at Dajing, China National Petroleum Corporation (CNPC).

In addition to the spudding of the first wells, the following other activities have been completed at the Dajing project:

• 4 drilling rigs have been mobilized to site
• 3 on-site desorption units and 2 permeability testing units have been mobilized to site
• 3 work camps established on-site
• Site and road construction for 2 other exploration wells has been completed (DJD-O1E; DJD-O4E), with those wells expected to be spud within the next week

Nick Davies, Dart Executive Chairman, said, "We are now operationally underway at Dajing, which is a major milestone for Dart. Dajing has the potential to be a project of substantial scale within the Dart global portfolio, and our attention is completely focussed on executing the exploration drilling campaign diligently, quickly and safely. Dart Energy looks forward to working collaboratively with our partner, CNPC, to unlock the potential of this block."

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Wood Group Lands Engineering Gig at BP's Quad 204 Proj.

- Wood Group Lands Engineering Gig at BP's Quad 204 Proj.

Wednesday, September 07, 2011
John Wood Group plc

Wood Group Kenny has been appointed by BP to provide engineering design and project management services for the subsea, umbilical, riser and flowline (SURF) infrastructure for BP's Quad 204 redevelopment project West of Shetland. Wood Group Kenny is responsible for the design of $1.2 billion worth of subsea, pipeline and riser infrastructure for the project. The dedicated engineering team is already 50 strong and will expand to 75 in the near future.

Mike Ogden, Wood Group Kenny's project manager for Quad 204 said, "This project presents significant technical challenges integrating new infrastructure within an existing brownfield development. Specific issues include proving the remaining or extended design life of existing systems, challenging metocean conditions and the inclusion of 21 new risers, 15 new flowlines, a range of structures, a re-designed umbilical distribution and control system and 25 new wells into a restricted area already containing 52 wells. WGK are responsible for engineering the entire SURF system from the trees to the connections within the new FPSO and supporting BP through the delivery, testing, installation and commissioning of these systems."

Andrew Train, BP's Project Director, Offshore Activities said, "The recent sanction of the Quad 204 project represents a very significant investment for BP and its Partners in the North Sea. While the industry at large has been aware of the replacement FPSO, the scale and complexity of redevelopment associated with the subsea system has gone relatively unnoticed. In many ways it is likely that redevelopment of the subsea system will be larger than the original development scheme. To manage a project of this scale and complexity and attract the best talent in the industry we have co-located a growing BP and Wood Group Kenny team in a project office in the center of Aberdeen. This office will be a hub of activity allowing detailed design work to be progressed by Wood Group Kenny and facilitate interaction with key suppliers and contractors."

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Entek Updates Activities in Niobrara Shale Oil Proj.

- Entek Updates Activities in Niobrara Shale Oil Proj.

Thursday, September 01, 2011
Entek Energy Ltd.

Entek provided an update on the Niobrara Shale Oil Project Appraisal Program in the Green River Basin.

Battle Mountain 14-10L – The Frontier (secondary objective) has been successfully fracture stimulated. Limited testing has been performed before completion and testing operations start on the lowest of the Niobrara Benches in the well. Test results suggest the discovery of an oil prone sweet-spot in the Frontier Formation which is part of the Mowry Shale Resource Play. The play has been a secondary target across the Company's acreage since it tested hydrocarbons at an initial rate of 1.2 MMCFD and 10 BOPD in the Focus Ranch 12-1 well and since has shown significant oil and gas shows in each well where penetrated across the acreage.

Test results suggest that the 14 ft perforated zone in the Battle Mountain 14-10 well will be capable of around 20 BOPD and over 100 MCFD. It is most likely that the production from the Frontier will be comingled with production from the Niobrara once planned completion and testing operations in the well are complete. In the future the Frontier, like the Niobrara, is likely to become a candidate for horizontal drilling. The Company will provide an update as the appraisal program continues on the potential of the Frontier and Mowry Shale Resource Play across its acreage position.

The completion program for the Niobrara (primary objective), which includes fracture stimulation and testing, will be initiated this week with fracture stimulation planned around September 15.

Slater Dome (SD) Federal 24-9DL – The well has successfully reached its total depth of 8,300 ft after penetrating both the Niobrara and Frontier Formations. The well had significant oil and gas shows while drilling and was prepared for logging, with good hole condition reported. While pulling out of hole to run wireline logs a drill string connection mechanically failed. Operations are continuing to remove the drill string from the hole prior to logging.

C&C Cattle 18-8 – Location preparation is complete. It is anticipated that the rig will be mobilized from the 24-9 location to the 18-8 location over the next week. An additional rig is on standby to mobilize to the 18-8 location if operations on the 24-9 well take longer than expected.

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NES Buys FairfieldNodal Cable-Free Systems for Apache's Cook Inlet Proj.

- NES Buys FairfieldNodal Cable-Free Systems for Apache's Cook Inlet Proj.

Friday, August 26, 2011
FairfieldNodal

FairfieldNodal recently completed a significant sale of its true cable-free nodal recording systems to NES, LLC, on behalf of Apache Corporation. The $30 million transaction, which includes ZLand and Z700 marine nodes, represents several industry firsts: the first use of Z700 marine nodes in the United States and the first major use of Z700 and ZLand together in a complementary operation.

NES will use these systems for Apache's extensive 3D land, marine and transition-zone seismic acquisition project in Cook Inlet, Alaska, where unpredictable ice and ground conditions as well as strict governmental requirements present some of the most difficult environmental challenges in North America. They expect the project to continue for up to three years.

"We're very excited about Apache's decision," said Gary Bartlett, FairfieldNodal's regional sales manager for North America. "We recently performed a rigorous 10-day test survey for them in the same area, using our ZLand and Z700 nodes in combination. To have Apache specify our nodes for such a difficult and important project shows how confident they are that our cable-free systems are up to the task."

Because all FairfieldNodal nodes are entirely self-contained, they are easier and faster to deploy and retrieve. In the Apache test survey, they performed flawlessly in the same onshore and shallow-water regions NES will tackle in their upcoming long-term project for Apache.

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KBR Bags Hyundai Gig for BP Quad 204 Proj.

- KBR Bags Hyundai Gig for BP Quad 204 Proj.

Friday, August 26, 2011
KBR Inc.

KBR has received a letter of award from Hyundai Heavy Industries Co. Limited to perform engineering design and procurement support services for the BP Quad 204 Floating Production Storage and Offload (FPSO) Project to be located west of Shetland Isles in UK waters.

The Quad 204 FPSO will be designed to meet the strict safety and environmental regulations for harsh weather operations. KBR has been involved in the Quad 204 Project since 2008, when work started on the select and define engineering of the FPSO. Services for the Quad 204 Project will be provided through KBR's offices in Singapore and Jakarta, Indonesia. This award follows the recent announcement by BP and its co-venturers, to progress with a major re-development of the Schiehallion and Loyal oil fields.

"This award follows on from the successful performances by KBR on BP offshore projects in the North Sea, Caspian Sea and West Africa thus solidifying KBR's position as a leading contractor," said Dennis Calton, President, KBR Oil & Gas. "We are proud of the long-standing relationship KBR has developed with BP and our growing relationship with Hyundai Heavy Industries."

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KBR Wins Pre-FEED for BP Hod Proj.

- KBR Wins Pre-FEED for BP Hod Proj.

Wednesday, August 24, 2011
KBR Inc.

KBR was awarded a contract by BP NORGE AS (BP) to execute pre-front-end engineering and design (pre-FEED) engineering studies for the Hod Re-Development (HRD) Project, operating on behalf of BP and HESS NORGE AS.

KBR’s contract includes engineering services for the development of a replacement stand alone wellhead platform in the Norwegian sector of the North Sea. The pre-FEED study will provide the basis for a decision to progress to the Define Stage of the Hod Re-Development Project.

"This award follows the successful execution of various projects by KBR and our long established relationship with BP," said Dennis Calton, President, KBR Oil & Gas. This work has been awarded as a call off against BP's Offshore Engineering and Project Management Services Global Agreement with KBR.

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American Petro-Hunter Starts Drill Site Ops at N. Oklahoma Proj.

- American Petro-Hunter Starts Drill Site Ops at N. Oklahoma Proj.

Wednesday, August 17, 2011
American Petro-Hunter Inc.

American Petro-Hunter announced that drill site operations have commenced in preparation for the next horizontal oil well at the Company's North Oklahoma Mississippi Project development.

Site arrangements are underway including permitting and requisite documentation in advance of the spud of the newly designated NOW-2H well. The directional drilling contractor has been secured and the Company expects a spud date shortly.

The well is a direct offset to the NOM-1H well, which began production in July and will involve a similar lateral drilling operation into the recently discovered Mississippi reservoir. The Company has purchased full working interest participation in up to 11 additional horizontal wells within the play with the NOW-2H becoming the 2nd well implemented under the planned development program.

The leases in the horizontal play are being developed on 80 acre parcels, however the well spacing will be evaluated after each well is put into production for a period of 30-45 days prior to engineering any additional infill wells. This prudently engineered plan will ensure the maintenance of reservoir integrity over the life of the proposed 24 month drilling schedule. The program is envisioned to involve the drilling of approximately one horizontal Mississippi formation well every 30 to 60 days.

Given the dramatically increased levels of activity in the area, rig availability has become a key scheduling issue. As a result, the Company and partners have accelerated the spud date of the NOW-2H and have further determined that the previously announced vertical NOS-2-22 required a shift to October based on current rig logistics which ultimately provides greater overall benefits allowing for improved operational efficiency across both wells.

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CB&I Awarded Contract for AU Arrow LNG Proj.

- CB&I Awarded Contract for AU Arrow LNG Proj.

Tuesday, August 16, 2011
CB&I

CB&I has been awarded, through its joint venture with Chiyoda Corporation and Saipem S.p.A., the Preparation and Supply of the Project Specification contract for the Arrow LNG Plant Project in Australia.

Arrow Energy Pty Ltd., the project operator, is a 50/50 joint venture partnered by Royal Dutch Shell and PetroChina.

The project, which will be designed with a production capacity of 8 million tonnes per annum (4.0 MTPA x 2 trains), is planned to be constructed on Curtis Island, off the coast of Gladstone, on the east coast of Queensland, Australia. The project plans to expand its capacity up to 16 MTPA in the future. The LNG plant will be supplied with coal seam gas from the Surat and Bowen basins in Queensland and will process, treat and liquefy the gas for export.

"We are pleased to be selected for this significant project, which will help meet the world's demand for clean energy," said Philip K. Asherman, President and CEO. "This award builds on our proven worldwide LNG technical expertise and our 75-year history in Australia."

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Aker Solutions Scores Subsea Contract for Kikeh Proj.

- Aker Solutions Scores Subsea Contract for Kikeh Proj.

Thursday, August 11, 2011
Aker Solutions

Aker Solutions has secured a contract with Murphy Sabah Oil Co., Ltd. to deliver a subsea production system for the Kikeh subsea expansion project off the coast of Sabah in East Malaysia. Contract value is undisclosed.

The scope of work includes the delivery of deepwater oil production equipment such as subsea trees, control modules distribution system and manifolds that will be installed at a water depth of 1350 meters.

The project will be delivered out of Aker Solutions high-tech subsea manufacturing center in Port Klang, Malaysia. This is the only facility in the world where a complete subsea production system can be manufactured in one location.

The subsea hardware is expected to be on production in 2013. Aker Solutions was responsible for the delivery of the original Kikeh scope back in 2005. It was the first deepwater development in Malaysia and the Asia Pacific region.

Dave Hutchinson, president, subsea Asia Pacific at Aker Solutions said, "We are extremely pleased to have Murphy as our returning customer. We will deliver a quality project fully utilizing our experience in the region."

The contract party is Aker Process Systems Asia Pacific Sdn. Bhd. The contract has been signed and booked as order intake in 2Q 2011.

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Entek Updates Ops in Niobrara Shale Oil Proj. Appraisal Program

- Entek Updates Ops in Niobrara Shale Oil Proj. Appraisal Program

Friday, August 05, 2011
Entek Energy Ltd.

Entek provided an update on the Niobrara Shale Oil Project Appraisal Program in the Green River Basin.

Battle Mountain 14-10L

The well has reached its total depth of 7,500 ft. Wire-line logs have been run and the well has been successfully cased and cemented ready for completion.

Preliminary interpretation of wire-line logs and correlation to offset wells show that the Niobrara section in this well contains significant potential pay zones (benches), as expected. In addition the Frontier Sandstone exhibits hydrocarbon saturation and is also being considered as a pay zone for fracture stimulation and completion.

The fracture stimulation program is currently being designed with Halliburton and is expected to start in August 2011.

The rig has been released and is currently mobilizing to the next location as the completion and fracture stimulation program is being designed for the Battle Mountain 14-10L well. Entek holds a 55% interest in the Green River Basin Joint Venture (GRBJV) with Emerald Oil & Gas NL holding 45%. Entek is the Operator. The GRBJV now controls close to 80,000 gross acres, approximately 60,000 net acres, covering the Niobrara Shale Oil Play.

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Subsea 7 Scores Major Contract for Gorgon Proj.

- Subsea 7 Scores Major Contract for Gorgon Proj.

Friday, July 29, 2011
Subsea 7

Subsea 7 has been awarded a contract valued at approximately $440 million from Chevron Australia Pty Ltd for the Chevron-operated Gorgon Project, offshore Western Australia.

The work scope includes installation and tie-in of heavy lift structures in the Gorgon and Jansz Fields, respectively 65km and 130km from Barrow Island, off the north-west coast of Western Australia, in water depths of up to 1,350m. The project scope includes engineering, spools fabrication, transportation, installation and pre-commissioning of the following:

• 20 subsea structures and foundations, each of up to 1,065 Te;
• 15 heavy spools, each of up to 190 Te;
• 48 tie-in spools;
• 39 electrical and 18 hydraulic flying leads; and
• 5 infield umbilicals and 2 associated distribution units.

Project management and engineering will commence immediately from Subsea 7's office in Perth, Australia, with offshore operations scheduled to commence in 2013 using Sapura 3000 and other construction vessels from our fleet.

Barry Mahon, Subsea 7's Senior Vice President, Asia Pacific & Middle East, said, "We are delighted to be awarded this pioneering contract, which complements the recent award of the Gorgon Umbilicals Project and provides an excellent opportunity to further build upon our strong local presence, our expertise in engineering, project management and installation and our long standing track record of
delivering significant subsea projects in Australia."

Jean Cahuzac, Subsea 7's Chief Executive Officer, said, "The Gorgon Project represents an important development for the subsea market in Australia and we are delighted to be awarded this prestigious contract by Chevron. This contract builds upon our world class assets and enhanced capabilities to apply advanced solutions to meet the increasingly challenging needs of our clients in their complex
subsea developments, reinforcing our position as a global leader in seabed to surface engineering, construction and services."

The Gorgon Project is one of the world's largest natural gas projects and the largest single-resource project in Australia's history. It is operated by Chevron and is a joint venture of the Australian subsidiaries of Chevron (approximately 47%), ExxonMobil (25%) and Shell (25%), Osaka Gas (1.25%), Tokyo Gas (1%) and Chubu Electric Power (0.417%).

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Doxa Finalizes Interest Acquisition in Tx. Proj.

- Doxa Finalizes Interest Acquisition in Tx. Proj.

Monday, July 25, 2011
Doxa Energy Ltd.

Doxa has closed on the acquisition of a 16.70625% interest in the County Line North Project, McMullen County, Texas, a new venture targeting various Wilcox formation zones of interest. The County Line North Project, operated by Hurd Enterprises, Ltd., of San Antonio, Texas, is a conventional gas condensate prospect which is situated on an initial 280 acre block of leases. Drilling of the Kynette No. 1, the initial well on this project, has been commenced and is proceeding towards its permitted depth of 10,500'. Doxa owns 16.70625% working interest before payout, reverting to 12.5% after payout of this project, and expects its share of the leasehold and initial completed well cost to total approximately $500,000. This project is situated approximately 2 miles northeast of a recently announced successful completion, the Martin-State Gas Unit No. 1 well, a high rate Wilcox producer completed in the Campana, South (Wilcox 10,200') Field. Hurd Enterprises, Ltd. also operates the Martin-State well.

Doxa Energy Ltd. develops and maintains a portfolio of producing and developing conventional and unconventional assets, including the Eagle Ford shale oil window play in South Texas, and the recently announced acreage acquisition in the Mississippian Oil Play of northern Oklahoma.

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Entek Drills Ahead at Niobrara Shale Proj.

- Entek Drills Ahead at Niobrara Shale Proj.

Thursday, July 21, 2011
Entek Energy Ltd.

Entek provided an update on the Niobrara Shale Oil Project Appraisal Program in the Green River Basin.

Battle Mountain 14-10L- current operation, drilling ahead at 805 ft after setting surface casing and testing rig equipment. The proposed total depth of the well is 7,600 ft.

Entek holds a 55% interest in the Green River Basin Joint Venture (GRBJV) with Emerald Oil & Gas holding 45%. Entek is the Operator. The GRBJV now controls close to 80,000 gross acres, approximately 60,000 net acres, covering the Niobrara Shale Oil Play.

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Aker Bags Umbilical Gig for Endeavour's E. Rochelle Proj.

- Aker Bags Umbilical Gig for Endeavour's E. Rochelle Proj.

Thursday, July 21, 2011
Aker Solutions

Aker Solutions has signed a contract with Endeavour Energy UK, a subsidiary of Endeavour International Corporation, to supply subsea umbilicals and associated equipment for the East Rochelle development project located offshore UK. The contract value is approximately NOK 83 million (USD 15 million).

Aker Solutions will supply one 30 kilometer infield control umbilical and one 650 meter riser umbilical that will provide all system functions for the Rochelle field. Subsea umbilicals are deployed on the seabed to supply necessary control and chemicals to subsea oil and gas wells, subsea manifolds and any subsea system requiring a remote control.

The East Rochelle development project comprises of block 15/27 in the Central North Sea, and represents the first phase of the development of the Rochelle area. Endeavour is the operator of East Rochelle.

"We are very pleased to sign our first contract with Endeavour Energy UK. This is an important award for Aker Solutions and confirms our strong position in the umbilical market globally," said Tove Røskaft, senior vice president of Aker Solutions' umbilical business.

Engineering of the umbilicals will be managed out of Aker Solutions' facility in Oslo, Norway, and the umbilicals will be manufactured at Aker Solutions' facility in Moss, Norway. Final deliveries will be made in 2012.

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GL Noble Denton Bags Gig for Queensland Curtis LNG Proj.

- GL Noble Denton Bags Gig for Queensland Curtis LNG Proj.

Tuesday, July 12, 2011
GL Noble Denton

QGC has selected GL Noble Denton to provide verification services for the development of the Queensland Curtis Liquefied Natural Gas (LNG) project, which is expected to supply more than 8.5 million tonnes of LNG per annum through the development of two
LNG trains.

GL Noble Denton's experts will oversee the pipeline construction portion of the project over a two-year period. The company will supply
inspection services for the installation of the 540 kilometer underground line between natural gas fields in Australia's Surat Basin
and a natural gas liquefaction plant on Curtis Island near Gladstone on Queensland's coast.

The quality assurance and control contract was awarded to GL Noble Denton following the successful completion of an in-depth study into the production capacity of the LNG plant design that will be built on Curtis Island. GL Noble Denton used its in-house Monte Carlo simulation software, OPTAGON to provide a holistic assessment of the ability of the LNG plant to meet its intended use. The model also identifies equipment criticality and their contributions to unplanned downtime, and has provided results that have added significant strategic and operational value to the project.

Richard Bailey, GL Noble Denton's Executive Vice President for Asia Pacific said, "The Queensland Curtis LNG project is one of the
Australian oil and gas industry's most exciting developments to date. It will help define the country as a leading producer and exporter of
natural gas, and we are delighted to play a role its development.

"Demand for GL Noble Denton's services has increased considerably in Australia over the past year, as operators continue to unlock the
significant potential of the natural resources available on- and offshore the country."

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McDermott Awarded Subsea Contract for Macedon Proj.

- McDermott Awarded Subsea Contract for Macedon Proj.

Wednesday, July 06, 2011
McDermott International Inc.

McDermott announced the award of a significant subsea contract to its Australian subsidiary for a deepwater offshore engineering and construction project, including structural transportation and installation of subsea infrastructure. The new contract for work offshore Western Australia is included in the company's second quarter 2011 backlog.

"We are extremely pleased to win this significant subsea award in the Asia Pacific segment as it reinforces McDermott's strengthening position in subsea construction projects," said Stephen M. Johnson, McDermott's Chairman, President and Chief Executive Officer. "We are also gratified by our customer's confidence in providing McDermott with the opportunity to demonstrate our growing expertise in reliably delivering complex deepwater projects within a challenging time frame."

The award is for the Macedon Gas Project, situated in the Pilbara region of Western Australia, which will be McDermott's first SURF (Subsea, Umbilicals, Risers and Flowlines) project in Australia. McDermott will carry out detailed engineering, procurement, fabrication, transportation and installation of a 77 kilometer, 20-inch diameter pipeline and will install subsea umbilicals and flexible flowlines using vessels from the company's globally diverse fleet in water depths up to 180 meters.

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Clough Wins Construction Work at AU Macedon Proj.

- Clough Wins Construction Work at AU Macedon Proj.

Friday, June 24, 2011
Clough Ltd.

Clough announced the award of a circa A$45 million contract to the STREICHER-Clough Joint Venture (SCJV) for pipeline construction work on the Macedon Project.

SCJV is a 50/50% joint venture between Clough and Germany's pipeline engineering and construction specialists, STREICHER Group.

The scope of work includes horizontal directional drilling, construction of an onshore wet gas pipeline and sales gas pipeline and umbilical installation. Work is due to commence in June 2011 with completion anticipated in May 2012.

"We are delighted to be working on this important Western Australian project," said Clough's CEO John Smith.

"We will utilize resources and expertise from our Clough Seam Gas division and partner STREICHER to deliver the best possible project outcomes."

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Treaty Buys Equipment for Belize Drilling Proj.

- Treaty Buys Equipment for Belize Drilling Proj.

Thursday, June 23, 2011
Treaty Energy Corp.

Treaty announced the purchase of several pieces of machinery that will be sent to Belize in early July.

Andrew V. Reid, Chairman and CEO of Treaty Energy Corporation, stated, "The major piece of equipment that we have purchased is a much larger drilling rig that is capable of drilling to depths of 6500 feet. We will post pictures of this new rig along with its specifications to the Treaty Energy website in a few days."

Mr. Reid stated, "The reason for this purchase was two fold: first, the Schramm 450 Drilling Rig originally purchased to go to Belize will need more work than our time line permits. That rig will be used in Texas when refurbishment is completed; and second, current studies by Treaty's group of geologists, well locators, and satellite surveyors suggest the possibility that deeper pay zones could exist and this rig will be capable of exploring those deeper pay zones at a later time, after the more shallow wells are drilled and producing."

Mr. Reid went on to say, "We have acquired equipment for well pad construction and road construction to the well sites. This equipment consists of: a New Holland B95 Backhoe; and a 2006 D4G Caterpillar Bulldozer. The final purchase is a crew truck to replace the rental vehicle that has been used over the past months. This vehicle is a Chevrolet Duramax Diesel Crew Cab 4WD Pick Up."

Treaty indicated that all of the above equipment will be shipped by sea to Belize out of Mobile Alabama with a planned departure date of July 10, 2011. The shipment will go directly to Belize with a scheduled travel time of five days.

In conclusion Mr. Reid stated, "Because of the rapid pace of events in Belize, our stakeholders can expect frequent updates on this project as all such updates are now becoming extremely important."

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Scana to Deliver MCCTLF for GOM Proj.

- Scana to Deliver MCCTLF for GOM Proj.

Thursday, June 23, 2011
Scana Industrier ASA

Scana has through its subsidiary Scana Offshore Systems Inc. in Houston, been awarded a contract to deliver a Motion Compensating Coil Tubing Lift Frame (MCCTLF) for a non-disclosed project in the Gulf of Mexico.

Contract value is approx 2.75 MUSD for patent pending system.

The concept of developing a MCCTLF is a result of the good cooperation between Scana Offshore Services and Stingray Offshore Solutions having designed the system (25% owned by Scana). The project awarded recognizes Scanas product development program and honors the presentation of new innovative product solutions to the market.

Project will start immediately and will be executed from the Scana facilities in Houston, Texas.

CEO in Scana Industrier ASA, Mr. Rolf Roverud, is most pleased with this breakthrough contract. "This contract introduce a new engineered product from Scana Offshore Services. This is a product which has future potentials in the increasing well intervention market."

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Statoil: Gudrun Proj. On Schedule

- Statoil: Gudrun Proj. On Schedule

Thursday, June 23, 2011
Statoil

The steel jacket for the Gudrun field operated by Statoil in the Norwegian North Sea was named on June 22 at Kværner Verdal in mid-Norway.

The champagne bottle splashed "holy" water from the Ol spring over bright yellow steel when it was broken during the traditional naming ceremony at the yard.

Performing this deed was Jørgen Suul, a Kværner Verdal employee who had proposed the name Idun for the structure.

"Today's ceremony marks an important milestone on the way to starting production in 2014," said Anders Opedal, senior vice president for projects in Statoil.

Discovered in 1974, Gudrun has had to wait for 40 years before being converted from find to producing field.

"We've take a long time to understand this reservoir, which is complex and demanding," explained Jan Einar Malmin, Statoil's venture manager for the field.

With high pressure and temperature, the formation still hides secrets. Its name can actually mean "hidden knowledge" in Old Norse.

The plan for development and operation (PDO) estimates recoverable reserves at 132 million barrels of oil equivalent – but this figure is by no means set in stone.

Systematic work will be needed to reach it, said Malmin. "The gap between the highest and lowest forecast is unusually wide in Gudrun's case."

New technology, greater knowledge of the area and re-use of existing offshore infrastructure have finally made it possible for Statoil and partner GDF Suez to develop the field.

"This is an important milestone in the project for meeting the target of a production start-up on 2014," said Carl Otto Hauge, head of non-operated licenses at GDF Suez.

"Gudrun is a very important project for us, and underscores our presence on as well as our long-term commitment to and investment on the Norwegian continental shelf."

To maximize Gudrun's value, the project team is pursuing two main strategies – tackling sub-surface uncertainty and securing future production, and reducing development costs.

"Cost efficiency and secure development are goals for all our whole portfolio," said Opedal. "With our strong focus on costs and time, good planning and ownership of these plans are crucial."

And Gudrun is on schedule, he noted. "We'd planned to name the jacket at the end of June. That's now been done, and the structure will soon be towed out to the field."

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