INDUSTRY NEWS
AQUATERRA SEA SWIFT PLATFORM INSTALLED AND OPERATING IN EGYPT FOR PICO PETROLEUM INTEGRATED SERVICES
Aquaterra Energy, a leading global offshore engineering solutions provider, has designed, fabricated and installed a new Sea Swift platform for PICO Petroleum Integrated Services, the lead contractor for Amal Petroleum Company’s (AMAPETCO) Amal field in the Gulf of Suez, offshore Egypt. This will open new opportunities for future cooperation between the two entities in large projects both in Egypt and the Middle East.
The Sea Swift is a Conductor Supported Platform (CSP) and is installed in 23 metres water depth. It included a 385 tonne topside featuring a helideck and emergency accommodation with provision for six wells. The new topsides facility for the Amal-C platform involved designing process, piping, electrical, instrumentation, control system and technical safety scopes of work, the project also included the design of the new subsea production pipelines to the Amal-A platform. The project, which took 18 months from design to installation, involved building a bridge link to the neighbouring Amal-B platform and reconfiguring the topside pipework to create a new and improved production profile.
The Sea Swift platform is a modular system that unites the advantages of a platform with the rig-run benefits of a subsea development. Several Sea Swifts are currently in operation globally in shallow water locations in Asia Pacific and West Africa. The field proven technology helps customers achieve reduced platform costs, lower installation and intervention costs, and simplified project management. It can also rapidly increase production from platforms constrained by existing slots enabling wells to be drilled, completed with dry trees and installed before the arrival of the main processing platform.
Active for nearly 40 years in the Egyptian July 2017 |
www.sosmagazine.biz | p13
petroleum industry, PICO Petroleum Integrated Services (a member of the independent Egyptian PICO Energy Services Group) is a leading Integrated Services provider in Egypt, North America and Mexico. The PICO Energy Services Group delivers integrated technical solutions across the offshore and onshore oil and gas supply chain.
The Amal field is operated by AMAPETCO for its shareholders The Egyptian General Petroleum Company and Cheiron Amal Petroleum Corporation in Egypt’s Gulf of Suez.
Image 1: The 385 tonne topside of the Aquaterra Sea Swift being installed. It features a helideck and emergency accommodation with provision for six wells
Image 2: The Sea Swift was installed in 23 metres water depth and from design to installation took 18 months to complete
OIL AND GAS CONFIDENCE RISES FROM HISTORIC LOWSD SERVICES
Improvements in oil and gas contractor confidence both in the UK Continental Shelf (UKCS) and internationally suggests some businesses are seeing signs of recovery and are focused on the future, according to an industry report released in June.
The findings of the 26th Oil and Gas survey, conducted by Aberdeen & Grampian Chamber of Commerce in partnership with the Fraser of Allander Institute, reveal that 38% of contractors surveyed are more confident about business on the UKCS compared to just 10% who are less confident.
This is a notable rise from historic lows six months ago when only 12% of contractors were more confident and 47% were less confident. However 52% report no change in their outlook, indicating that significant challenges still remain in the marketplace. It is too early to say a recovery is being universally felt.
More than half (52%) of contractors and operators / licensees believe that the sector has already reached the bottom of the current cycle and 26% consider it will do within the next year. When asked what position businesses expect to be in by January 1, 2018, 42% expect their business to be growing, up from 16% who expected to be growing by January 1, 2017, while only 2% anticipate further decline.
Contractors’ investment spend is moving in a positive direction with more contractors anticipating to increase investment over the next two years (26%) rather than reduce (19%). However, increases are limited to certain areas and again cannot be seen consistently across all parts of the industry.
The survey found that excess capacity remains with 24% percent of contractors reporting working at, or above, optimum levels in the UKCS and 43% are working at or above their optimum levels overseas, up from record lows of 12% and 24% respectively six months ago.
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