Page 10 - EurOil Week 25

EurOil PROJECTS & COMPANIES EurOil
Equinor dishes out service contracts
NORWAY
NORWEGIAN state oil company Equinor has awarded a ra of contracts to international ser- vice providers for work at onshore and o shore facilities in Norway.
In a statement on June 24, Aberdeen-based Wood said it had secured an order from Equinor for front-end engineering design (FEED) ser- vices for topside modifications at the Grane oil eld in the Norwegian North Sea. is will prepare them for subsea tie-back from the Grane Area Northern Development (GRAND), it said. e work is expected to wrap up by the end of this year.
Under a second contract, Wood will also complete FEED services at the Kollsnes gas pro- cessing plant (GPP) in Oygarden, west of Bergen, by the midwinter of 2020.
“Wood has developed a successful long-term global relationship with Equinor, and these new contracts continue our work on installations in their portfolio,” the service provider’s CEO Dave Stewart commented.
Wood is currently designing upgrades to the naphtha hydrotreating and storage systems
at Equinor’s Mongstad oil refinery, as part of a maintenance, modification and operations framework deal valued at $400mn.
Equinor has also penned three-year contracts worth 1 billion Norwegian krone ($1.17bn) with the Netherlands’ Tendeka and US-based Baker Hughes for providing sand screen services. Sand screens are metal lters that prevent sand from entering and damaging oil and gas wells. eir installation can bolster production levels at wells and also extend their working life.
“ ese suppliers have been our service pro- viders over time. ey will be central in our e ort of making wells more pro table,” Equinor’s chief procurement o cer Peggy Krantz-Underland said in a company statement. “We are looking forward to continuing our good co-operation for many years ahead.”
Tendeka was previously selected to provide sand screen services at the o shore Troll eld, where their use is most widespread. e com- pany has also inked contracts for similar work at two Cat J rigs drilling at the Gullfaks and Ose- berg elds.™
Raffles, Prospex sink new Romanian well
ROMANIA
ROMANIA-FOCUSED Ra es Energy has bro- ken ground on another well at the EIV-1 Suceava concession area in northwest Romania, with the aim of exploring a new gas prospect.
Ra es’ eld partner London-listed Prospex Oil and Gas announced the launch of drilling at the Bainet-2 well in a statement on June 26. It is expected to take 15-20 days to complete the well and carry out tests.
Bainet-2 is targeting the Bainet West pros- pect, which lies at a depth of 600 metres and shares geological characteristics with the nearby Bainet gas eld. Bainet was discovered in November 2017 and put into production less than a year later.
Following their success at Bainet, the project partners opted to enlarge the EV1-Suceava con- cession to 984 square km to include Bainet West.
“Bainet-2 is our fourth well in two and a half years,” Prospex’s chair Bill Smith commented. “Bainet West was only added to our inventory of prospects in Romania in March following the concessions’ enlargement, so the commence- ment of drilling a little over three months later is
an exceptional achievement.”
If a commercial discovery is made, Bainet
West will be brought into production in a simi- lar fashion to Bainet, according to Prospex, with gas being pumped via a owline to the Bilca gas processing plant (GPP) some 1.5km away.
Ra es and Prospex each hold a 50% stake in EIV-1 Suceava. Besides Bainet, the block also contains the Granicesti SE-1 discovery, as well as additional unexplored prospects. Prospex esti- mates the site’s unrisked gross recoverable gas resources at 0.48-1.59bn cubic metres.
Prospex also operates in Spain and Italy, where it is preparing launch the Podere Maiar-1 eld projected to ow 150,000 cubic metres of gas per day.
“With much activity underway across our portfolio including work programmes at the Tesorillo Project in Spain to de-risk 2tn cubic feet of gas unrisked gross prospective resources, I look forward to providing further updates on progress made on the ground, as we focus on closing the huge gap between the value of our assets and our share price,” Smith said.™
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w w w . N E W S B A S E . c o m Week 25 27•June•2019