Page 14 - EurOil Week 30 2021

EurOil NEWS IN BRIEF EurOil

Vallourec to supply tubes operating commercially on 1 January 2021, Wellesley and Equinor
Croatia’s Krk LNG terminal began
for Norwegian CCS project after the commissioning of the FSRU and exchange development
overall LNG terminal infrastructure activities
Tubular solutions provider Vallourec has won in December 2020. assets in Norway
a contract to deliver tubes for umbilicals on a Its full storage capacity is booked for the
Norwegian carbon capture and storage (CCS) next three years, with 84 per cent booked until Norway’s Wellesley Petroleum and Equinor
project. 2027.. have signed a sale and purchase agreement
Under the contract, Vallourec will supply covering several development assets on the
200 kilometres of tubes for umbilicals on Norwegian Continental Shelf.
what has been described as a groundbreaking BP signs up to Maersk Mc- Under the agreement, Equinor will
project that will capture, transport and acquire a 40 per cent participating interest
geologically store industrial CO2 emissions in Kinney Moller Center in licences PL090 JS, PL248 I, and PL925,
the North Sea. containing the Grosbeak and Kallåsen
The super-duplex tubes were manufactured UK-based oil and gas major BP and the discoveries. Additionally, Equinor will assume
at the company’s new plant in Vénarey-Les- Mærsk Mc-Kinney Møller Center for Zero operatorship of all three licences.
Laumes in early 2021, Vallourec informed. Carbon Shipping have signed a partnership On the other hand, Wellesley will acquire
According to the company, the tubes will agreement to work on the development of a 10 per cent participating interest in licence
be incorporated into the umbilicals that will new alternative fuels and low carbon solutions PL942, containing the Ørn discovery and a
remotely control the equipment on the seabed. for the shipping industry. 20 per cent participating interest in licences
“Today, the manufacture of laser welded As disclosed, as a strategic partner, BP will PL878 and PL878 B, containing the Atlantis
super-duplex tubes for subsea umbilicals is work on relevant research and development and Canon discoveries. The transactions are
our core business”, said Stéphane Chrobot, projects connected to the center’s portfolio subject to the normal authority approvals, the
managing director at Vallourec. and contribute to the development of company said on Monday.
“Being qualified for such CCUS projects, methodologies and optimized pathways Chris Elliott, CEO of Wellesley,
as demanding as offshore oil and gas for safe and sustainable fuel solutions for commented: “This transaction provides
applications, gives us a new opportunity to shipping. Wellesley with a balanced non-operated oil
prove our tubes are highly efficient, reliable Additionally, BP will join the Center and gas development portfolio with very
and competitive”. Advisory Board providing guidance for favourable ESG characteristics. We are proud
In September 2020, the Norwegian transition strategies and further development of our role in operating a successful appraisal
government submitted a proposal to the of the center’s activities. campaign on Grosbeak and moving the asset
Norwegian Parliament to launch the CCS “The shipping industry’s transition to through the DG1 development phase. Post-
project named Longship, said to be the net zero is complex and requires technology transaction, Wellesley will retain a 23.7 per
greatest climate project in the Norwegian advancements and policies that will give cent participating interest in Grosbeak.
industry ever. companies across the value chain the Elliott further explained: “At this point,
In March, the Norwegian Ministry confidence to act,” William Lin, BP’s executive Equinor is the best-placed company to
of Petroleum and Energy approved the vice president of regions, cities and solutions operate the project, given their development
development plan for Northern Lights, the said. experience in the area. We look forward to
storage part of the Longship project, which is “When we work together, we can fast track maturing Grosbeak towards FID together
due to be fully operational in 2024. development, de-risk investments and provide with Equinor and our partners.
According to the developers, the project signals to the market that will speed up the “Ørn and Atlantis are highly attractive gas
will allow industrial sites in Norway and decarbonization of the shipping industry.” development assets, and as a result of this
companies across Europe to capture and store “BP brings … expertise in production, transaction, Wellesley will hold a material
their carbon emissions safely and permanently storage, handling, transportation and usage 40 per cent participating interest in each
at 2,600 metres below the seabed off the of fuels and great experience in driving safety project. We will continue to contribute as
Norwegian coast. and efficiency in shipping. I see … potential an active non-operating partner to secure a
in leveraging and applying this knowhow to 2022 PDO submission for Ørn and to mature
accelerate the development of future net- Atlantis and Canon as subsea tiebacks to the
Croatia’s LNG terminal zero solutions for the maritime industry,” Kvitebjørn facility”.
the Center CEO Bo Cerup-Simonsen
receives its 10th cargo commented. lies in block 34/11, east of Gullfaks in the
The Kvitebjørn gas and condensate field
Several industry majors including Total,
Qatargas’ Q-Max LNG carrier Al Dafna Alfa Laval, Norden and Haldor Topsoe have Norwegian North Sea. It has been developed
delivered the cargo, as one of the largest LNG joined the center over the past few months. with a fully integrated fixed steel platform
carriers in the world. The center was established in June 2020 by with drilling and process facilities and living
The 266,366-cubic metres Al Dafna Maersk, ABS, Cargill, MAN Energy Solutions, quarters.
berthed at the 140,000-cubic metres LNG Mitsubishi Heavy Industries, NYK Lines and
Croatia FSRU on 27 July, the state-owned Siemens Energy.
terminal operator LNG Croatia reported via
social media.

P14 www. NEWSBASE .com Week 30 29•July•2021