going down. quaterly loss 22m. no project. sapura going to sapu kaswari?

OMV? thats a small insignificant austrian player. meh

sapura bidding in brasil

Mero’s riser bid race widens
Saipem joins list of contractors competing for major SURF contract on pre-salt development off Brazil

Rio de Janeiro

Brazil’s Petrobras has allowed Italian contractor Saipem to follow in the footsteps of TechnipFMC and Sapura Navegacao by overcoming an initial disqualification to enter the fray in a battle to supply and install what could be the first of several rigid riser-based solutions for the Mero (formerly Libra) pre-salt field development.

All three companies successfully invoked Petrobras’ internal appeal procedures to gain access to the contest, Upstream understands.

Their earlier exclusion was largely a result of Petrobras applying highly-detailed and demanding qualification procedures in its tenders, partly in response to the results of the Car Wash corruption investigation.

Tight qualification and compliance procedures meant the list of qualified companies was initially limited to Subsea 7, McDermott International, Heerema Marine Contractors and Allseas. Heerema’s participation was quickly ruled out by its decision to withdraw from the offshore pipelaying sector to focus on heavy lifting and decommissioning

With market sources hinting that Allseas was also having doubts about its participation, the field was potentially narrowing to a level that would please neither Petrobras or its Mero partners.

First TechnipFMC and Sapura Navegacao were given the green light to take part, now Saipem will be allowed to follow suit, according to well-placed sources.

The conclusion of this appeal process coincided with a decision to postpone the bid submission date from 4 June to 29 June.

Upstream also understands Allseas has decided to submit a competitive bid for a ground-breaking contract that is likely to be a gateway to more rigid riser solutions in Brazil’s pre-salt province.

Recent problems with annulus flooding and at least two cases of corrosion fatigue mean flexible risers are effectively ruled out of Brazilian pre-salt developments for the time being, offering a bonanza for rigid riser suppliers and persuading some companies, such as Sapura, to change strategy toward rigid pipe solutions.

Upstream understands that Subsea 7, McDermott and Allseas are planning aggressive bids for the SURF contract, with subsea solutions for Mero-2, Buzios-5, Sepia and Itapu also on the near horizon.

The Mero SURF package will cover engineering, procurement, construction and installation of rigid production and injection lines and flexible connectors that will be linked to the Modec-owned Guanabara floating production, storage and offloading vessel.

It is said the consortium favours a hybrid system with a lazy-wave configuration that uses risers with cladded steel and flexible jumpers.

Petrobras has also postponed the bidding date in a tender to supply two drilling rigs, after calling for an anchored-moored rig able to work in up to 450 metres of water and a second “hybrid” unit that can either be moored in up to 700 metres of water or operate with dynamic positioning in depths of 2200 metres.

Petrobras was due to receive bids on 4 June but postponed to the end of June, eyeing a January 2019 start for both units.

dated 30/5/18. have not seen that picked up in the mainstream. yah copy paste here and in sapura. ah, so posted at two places is "so many places"?

Further to an IHS Markit report dated 3 April, Petronas Carigali has issued a fresh EPCIC tender for a CPP (central processing platform) for the Kasawari gas expansion project off Malaysia. Invitation to bid documents are to be collected on 30 May. The operator had earlier aborted a FEED (front-end engineering and design) plus EPCIC tender in the middle of technical evaluation phase. Sources say the new tender may include a work scope for FEED verification. The original tender scope covers the main eight-legged KS-CPP with living quarters for 120 persons, a nine-slot four-legged drilling platform (KSDP-A), a flare tripod and two bridges under one lump-sum contract package. The KS-CPP is expected to have a topside weighing around 20,000 tonnes and will most probably be designed to be installed via floatover method. These facilities are scheduled for completion in three years or so upon contract award. The EPCIC contract will entail a work scope from detailed engineering, procurement, construction, installation, hook-up and commissioning for the facilities under tender. Local fabricators MMHE (Malaysia Marine and Heavy Engineering) and Sapura Energy are expected to be the domestic contenders for the scope. Kasawari, as big as Pegaga.

Further to an IHS Markit report dated 3 April, Petronas Carigali has issued a fresh EPCIC tender for a CPP (central processing platform) for the Kasawari gas expansion project off Malaysia. Invitation to bid documents are to be collected on 30 May. The operator had earlier aborted a FEED (front-end engineering and design) plus EPCIC tender in the middle of technical evaluation phase. Sources say the new tender may include a work scope for FEED verification. The original tender scope covers the main eight-legged KS-CPP with living quarters for 120 persons, a nine-slot four-legged drilling platform (KSDP-A), a flare tripod and two bridges under one lump-sum contract package. The KS-CPP is expected to have a topside weighing around 20,000 tonnes and will most probably be designed to be installed via floatover method. These facilities are scheduled for completion in three years or so upon contract award. The EPCIC contract will entail a work scope from detailed engineering, procurement, construction, installation, hook-up and commissioning for the facilities under tender. Local fabricators MMHE (Malaysia Marine and Heavy Engineering) and Sapura Energy are expected to be the domestic contenders for the scope. Kasawari, as big as Pegaga.

Velesto Energy aiming for 100% utilisation of jack-up fleet
Malaysian drilling contractor Velesto Energy (formerly UMW Oil & Gas) is hoping that within weeks it will have secured 100% utilisation for its seven-strong jack-up fleet, writes Amanda Battersby.

“Besides working on the extension of existing contracts, the group is also bidding and negotiating for new contracts to replace expiring ones,” said Velesto.

Jack-up Naga 8 is expected to have its existing contract with Hess offshore Peninsular Malaysia extended by another two years to around mid-2020. Meanwhile, one source suggested that a sister rig, Naga 7, could be in line to secure a contract with Shell due to start in the third quarter.

Of Velesto’s already chartered units, UMW 5 is about to start a two-well contract for Repsol off Sabah, East Malaysia. UMW 5 is scheduled to drill the Realgar-2 and Axinit-1 exploration wells on Block SB 309. “The utilisation rate is expected to stay at a relatively healthy level in the near future,” added Velesto. “However, time charter rates remain challenging due to the global oversupply of rigs,” cautioned the contractor.

Kuala Lumpur-listed Velesto officially changed its name from UMW Oil & Gas on 25 May.

Sapura on pole at Al Shaheen
Malaysia’s Sapura Energy is set to win an engineering, procurement and construction contract to provide offshore facilities to North Oil Company (NOC) for work on the second development phase of Qatar’s Al Shaheen oilfield, writes Nishant Ugal .

Project observers said Sapura is soon likely to be awarded an offshore contract that involves three new offshore jackets, piles and drilling facilities,

“We are hearing that NOC has decided to award the EPC contract to Sapura, after it emerged as the lowest bidder in a competitive tender process,” one source said.

Up to six leading offshore contractors were thought to be competing for the NOC job.

In addition to Sapura, those submitting bids were Indian engineering giant Larsen & Toubro, Italy’s Saipem, China’s Offshore Enginering Corporation, a consortium of Subsea 7 with Qatar’s Qatar Engineering & Construction Company and a grouping of McDermott with Nakilat-Keppel Offshore & Marine.

The current contract being offered by North Oil Company, the joint venture between state-owned Qatar Petroleum and French giant Total, involves the first batch of work on the Al Shaheen phase two development, with a second batch expected to be offered later this year.

The workscope for the first batch includes jackets that are each expected to weigh at least 1200 tonnes, while piles are expected to be around 1000 tonnes each, sources said.

The platforms are also likely to be equipped with a drilling facility weighing 200 tonnes.

NOC is also carrying out a separate tender for three wellhead decks and other associated facilities required for the project, sources added.

Total’s chief executive Patrick Pouyanne has previously said that his company plans to invest more than $2 billion on developing Al Shaheen over the next five years, adding that its priority would be to maintain output at current levels, believed to be close to 300,000 barrels per day.

Al Shaheen is Qatar’s largest offshore field and Total won its operatorship in 2016 for 25 years, pipping several international contenders — including previous incumbent Maersk Oil, which the French giant has since taken over.

Al Shaheen accounts for close to half of Qatar’s oil production and includes a very large volume of oil, albeit held in a thin reservoir with high viscosity.

The field’s existing facilities include 33 platforms, 300 wells and includes production hubs, spread over nine separate locations, sources said.

State-owned Qatar Petroleum owns a 70% stake in the North Oil Company, while the remaining 30% is held by Total.

Rm1 la come on

if receive mubadala pegaga .. that will be a coup after a string of successes. work load at yard will be maximized .. order book increased.

ripe for takeover, bvi may look at them