Page 17 - EurOil Week 27 2021

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asset, on a cash, liability, and debt-free basis. One dead, five injured in Don semi-submersible rig contracted to
On completion, EnQuest will fund certain undertake the work had been released.
accrued costs and obligations of WEL, Romania’s Petromidia The company previously announced,
expected to amount to less than $2 million. including in the Proposed Financial
No other upfront consideration is payable. refinery fire Restructuring announcement published on
EnQuest will make deferred payments to 30 April 2021, that the GWA joint venture
Whalsay based on future revenues generated KazMunayGas International (KMGI), the has a regulatory obligation to plug and
by WEL which are capped at $40 million. parent company of Romania’s Rompetrol abandon the Lincoln-14 well by 31 October
EnQuest on Tuesday said it had completed Rafinare, said on July 2 that its Petromidia 2021, and that a rig had been contracted
the transaction to acquire the entire 100.00% Navodari refinery stopped work after a fire by Hurricane, as licence operator, for this
equity interest in the P1078 licence containing broke down at one of the installations, killing purpose.
the Bentley heavy-oil discovery from Whalsay. one and injuring another five. The company hired the Stena Don semi-
“Unfortunately, as a result of the accident, submersible rig in mid-June. At the time,
five of our colleagues are in medical care at the company claimed that the Lincoln-14
TechnipFMC bags Constanta County Hospital. We are sorry to plug and abandonment would take around
inform you that a person has been identified
20-25 days to complete with a gross budgeted
“significant” Equinor as deceased,” KMG International Group said campaign cost of around $13 million (net
in a press release.
$6.5 million to Hurricane).
subsea deal the diesel oil refining installation (HPM) currently in a lot of trouble as the High
As for the company, Hurricane is
At this moment, the fire inside the
Oilfield services firm TechnipFMC has installation is isolated and stabilised, the Court of Justice of England and Wales
confirmed it has secured a “significant” company added. has decided not to sanction its financial
contract from Equinor for the delivery of Earlier on Friday, KMG International restructuring plan that would have handed
subsea equipment for Equinor’s Kristin Sør announced that an incident took place on the control of the company to its bondholders.
field development in the North Sea, offshore platform of the Petromidia refinery, within
Norway. the diesel oil refining installation.
The company said Wednesday the “According to the internal crisis Finder Energy expands UK
contract was for the supply rigid pipelines, management procedures, the technological
static and dynamic umbilicals, as well as processes within the refinery have been North Sea portfolio
pipeline and marine installation of the subsea stopped safely,” the company said at the time.
production facilities. For TechnipFMC, a Petromidia Refinery is the largest Perth-based Finder Energy has bought
“significant” contract is between $75 million Romanian oil refinery and one of the largest another UK North Sea license from Azinor
and $250 million. in Eastern Europe, located in Navodari, Catalyst Limited – the highly prospective
Jonathan Landes, President, Subsea Constanta county. P2317 license named Goose.
at TechnipFMC, said: “We are proud to In the first quarter of 2021, the Finder Energy said last week that it
collaborate closely with Equinor once Petromidia refinery processed 1.26 million completed the acquisition of the Goose
again, working together from early in the tonnes of raw materials, a volume similar to license in the UK North Sea from Azinor
front-end and concept phase to develop the same period of last year. Also, the degree Catalyst.
optimized solutions and methodology for the of refining capacity utilization amounted to P2317 is located in the northwest Witch
installation for Kristin Sør. This project will 84%, more than 10% higher compared to the Ground Graben of the Outer Moray Firth
also utilize Deep Arctic, which is equipped same period of 2020. in the Central North Sea. It covers an area
with hybrid battery solutions to reduce Rompetrol Rafinare is the core asset of of 292 square kilometres and is 175 km
emissions.” Dutch-based KMG International, formerly northeast of Aberdeen.
The project will be executed by The Rompetrol Group, which is fully owned The license contains the drill-ready
TechnipFMC’s operating center in Oslo, by Kazakhstan’s state-owned energy company Goose prospect, a large low-risk amplitude
Norway, with fabrication occurring in the KazMunayGaz Group. Through its two oil supported Lower Cretaceous prospect, that
Company’s facilities in Norway and the refineries, Rompetrol Rafinare provides over sits immediately adjacent to the Northern
United Kingdom. 40% of Romania’s refining capacity and is the Flank of the Claymore field.
The contract was awarded as Equinor only producer of polymers in the country. The Goose prospect has Pmean
and its partners on Wednesday said they’d recoverable resources of 75 mmbbl with
decided to develop the Lavrans discovery additional low-risk follow-on potential at the
and the Kristin Q-discovery which is a part Hurricane finishes Lincoln adjacent 85 mmbbl Long Bird prospect.
of the Kristin field. Finder currently holds an operated 100
The project is the first phase of the plug and abandonment per cent working interest in this license and
Kristin South project. Capital expenditures is seeking partners to join in the drilling of
for this first phase will total about NOK 6.5 work the Goose exploration well in 2022 or 2023.
billion ($758,3 million).
Production from Lavrans and Kristin Oil and gas company Hurricane Energy has
Q will be tied into the Kristin platform. A completed the plugging and abandonment of
subsea template will be installed at Lavrans, the Lincoln-14 well in the Greater Warwick
while at Kristin Q an already installed subsea Area (GWA) off the UK.
template will be reused. A total of five wells Hurricane said on Wednesday that the
are planned to be drilled, four at Lavrans and operation on the Lincoln-14 well, located
one at Kristin Q. on the P1368 (South) license of the Greater
Warwick Area, was completed within both
schedule and budget.
The company added that the Stena

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