Page 12 - AsianOil Week 34 2022

AsianOil NEWS IN BRIEF AsianOil

CNOOC targets 28% jump in August 26 at the Federal Court in Darwin, operations in multiple Thailand offshore
fields and is scheduled to begin in the late
with a decision expected in a few weeks.
oil output domestically by project are continuing in accordance with The Grand Canyon II is a DP3 multi-role
"Current drilling activities on the Barossa fourth quarter of 2022.
2025 the undertaking with the court," a Santos construction support vessel equipped with a
250 MT AHC subsea crane, moonpool, two
spokesperson said.
Chinese offshore oil and gas major CNOOC The challenge to the Barossa project 3,000m rated 250hp UHD ROVs, integrated
expects its annual domestic crude oil was brought by a Tiwi Island senior ROV deck space and removable bulwarks.
production to reach 1.2mn barrels per lawman Dennis Tipakalippa, asking the With clear deck areas up to 1,650 m2,
day by 2025, 28% above its current level court to overturn the drilling approval she is well suited for subsea construction,
production, the company said on August 25. for the Barossa project granted by the Inspection, Repair & Maintenance (IRM)
The targeted output compares to first- National Offshore Petroleum Safety and and offshore renewables activities, the
half production offshore China in 2022 of Environmental Management Authority company said.
169.5mn barrels, or about 936,000 bpd. (NOPSEMA). The Grand Canyon II has been under
The state major reported record interim Traditional owners from the Tiwi Islands long-term charter with Helix since 2015,
profit at $10.5bn and record gas production. say they were not properly consulted and recently signed a five-year charter
Production from domestic operations made about the drilling and told the court that extension that runs from January 2023
up 71% of CNOOC's total portfolio during the Barossa gas project posed a risk to through the end of 2027. Most recently, it
this period, up from 69% a year earlier. sacred sites and spiritual connection to Sea was working offshore Taiwan on renewable
Under Beijing's call to enhance supply Country. energy and wind farm construction work.
security, Chinese national oil giants have Santos has said it undertakes
stepped up developing domestic oil and consultation with all key stakeholders for all
gas resources. That has included more of its projects. Velesto secures $13.4mn
costly and technologically challenging "Drilling into the seabed is like drilling
unconventional resources to help arrest fast- into our bodies," Tipakalippa said in a P&A work at Petronas'
depleting reserves at conventional oilfields. statement on Friday after Santos agreed to
CNOOC also aims for its domestic halt drilling before hitting the gas reservoir Tembungo offshore field
natural gas output to reach 35 bcm by 2025, on initial wells already underway until the
chairman Wang Dongjin told an earnings court reaches a decision on the case. Malaysian oil and gas company Petronas
call. He did not give a comparison. That will The project has also faced fierce has awarded a contract to the offshore
involve developing large projects such as opposition from environmental groups services firm Velesto for the plugging and
deepwater gas field Shenhai-1 in the South opposed to fossil fuels who highlight that abandonment services at Tembungo A & B
China Sea and Bozhong 19-6 in Bohai Bay, Barossa gas has among the highest carbon platforms offshore Sabah, Malaysia.
as well as onshore coal-seam gas, he said. content of any Australian offshore gas field. Velesto said on August 25 that the
Gas output at home will further increase to Santos expects first gas production contract had an estimated value of 60mn
45 bcm, Wang added. from Barossa in 2025 and plans to capture Malaysian ringgits (around $13.mn).
CNOOC has said its medium-term carbon dioxide from the gas and store it in a The P&A campaign is set to last 21
goal is to boost natural gas to 35% of total depleted offshore gas field of East Timor. months for the Tembungo-A campaign
production by 2025 from 21% at present. running until January 2024, with an
The company also aims for its carbon extension option of 12 months for
emissions to peak by 2028 and to be carbon Tembungo-B tentatively from January 2024
neutral by 2050. To achieve that goal, until December 2024.
CNOOC has said it will allocate 5-10% Helix bags Velesto will be providing integrated
of spending on green investment, mainly project management and hydraulic
offshore wind power, over the next five decommissioning work off workover unit services for the duration of
years. the campaign.
The platforms are located at the
Thailand Tembungo offshore oil and gas field,
Santos halts Barossa Helix Robotics Solutions has won a 180-day situated 75km from Kota Kinabalu, Sabah
contract by a local Thailand contractor to
and 35 km northeast of Erb West field. The
drilling amid legal perform decommissioning services using average water depth in the area is around
the subsea construction vessel Grand
85 metres. First oil from Tembungo was
challenge Canyon II. produced in September 1974.
The company, a robotics branch of the
Santos Ltd has agreed to pause some drilling Helix Energy Solutions Group, said the
on the Barossa gas project in waters off client would have an option to extend the
northern Australia pending a court decision contract further.
on a challenge by a group of Indigenous The contract scope of work includes
land owners seeking to stop the $3.5bn DP3 vessel services, crane support, and
project. ROV services in connection with subsea
Hearings on the case concluded on well abandonment and decommissioning

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