The NEDO, Japan’s New Energy and Industrial Technology Development Organization, owner of the project, announced in late May that the so-called Hibiki floating offshore wind turbine has satisfied all permitting requirements and has officially been inaugurated. Hibiki was tugged from Kitakyushu Port on the 29th of August 2018, and arrived at the site before facing three super-typhoons (Category-5, super typhoon by SSHWS) just after the installation. The floating wind turbine based on Ideol’s patented damping pool confirms its excellent seakeeping performance already witnessed on Ideol’s Floatgen project.
The construction and offshore installation of this very promising full-scale demonstrator is the result of an extensive collaboration between the Hitachi Zosen yards and Ideol’s internationally recognized design and engineering teams, successfully meeting all local and particularly demanding certification requirements in the process.
Paul de la Guérivière has declared : “Ideol is the only floating wind technology provider with two full-scale demonstrators in 2 of the most strategic floating wind markets. Testing different hull and mooring materials, working with different wind turbines, designing and engineering according to different standards and class requirements while successfully collaborating with large international corporations throughout the construction and installation phases are unique assets when preparing oneself for tomorrow’s commercial-scale deployments.”
For more information:
Ideol’s floating wind turbine off Japan officially inaugurated after months at sea
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, is pleased to provide an operational update in relation to the Early Production System development of the Lancaster field.
On 4 June 2019, the Aoka Mizu FPSO’s start-up phase completed with a 72-hour production test (“First Oil”). The combined flow from both wells during this test period reached and maintained the planned production rate of 20,000 barrels of oil per day (“bopd”). This marks the contractual provisional acceptance of the Aoka Mizu FPSO by Hurricane.
The Company anticipates a gradual ramp-up in facilities availability over the first six months of production towards long term operating efficiency of 85%. The Company restates existing guidance for facilities availability of three months at 45% and then a further three months at 65%, resulting in average production rates of 9,000 bopd and 13,000 bopd, respectively.
Dr Robert Trice, Chief Executive of Hurricane:
“I am delighted to announce that First Oil has been achieved and that the Lancaster field is now on production, beginning the phased development of Hurricane’s considerable resources on the Rona Ridge.
Lancaster is the UK’s first producing fractured basement field and the fact that Hurricane has delivered this industry milestone on time and within budget is an incredible achievement. I would like to thank the staff of Hurricane, our Tier 1 contractors, and our shareholders for having the vision to make Lancaster happen.
We have successfully achieved our start-up data acquisition objectives and commenced the evaluation of this material. Up to 12 months of stable production will be required in order to provide a clear view of the reservoir and enable us to plan for associated full field development scenarios.”
The Company will be holding a Capital Markets Day in July to discuss the results of preliminary analysis following start-up.
For more information:
Hurricane Energy – Lancaster EPS First Oil
Ideol and Atlantique Offshore Energy Announced the Commercialization of the World’s First Floating Electrical Offshore Substation
Ideol, the internationally recognized leader in floating offshore wind, and Atlantique Offshore Energy (AOE), Chantiers de l’Atlantique Business Unit specialized in Offshore projects providing leading EPCIM solutions of substations to the bottom-fixed offshore wind industry, held a whole-day technical seminar in Paris today and unveiled the details of their universal and market-ready solution to the senior executives and technical experts of Europe’s largest transmission systems operators (TSO), utilities and offshore wind developers.
In cooperation with ABB and after nearly 2 years of extensive and thorough collaborative efforts, Ideol and AOE have unveiled their universal floating offshore substation for both bottom-fixed and floating offshore wind farms starting at depths of 40 meters.
Based on Ideol’s patented and shallow-draft Damping Pool® concept and on AOE’s certified electrical offshore substation concept SeeOs, this universal floating offshore substation has been engineered to operate in the world most extreme environments and to offer maximum modularity. With the installation of the topside onto the floater at quayside, with the testing and pre-commissioning at quayside as well as an installation without heavy-lift offshore operations, this floating electrical offshore substation generates significant cost reductions. Finally and thanks to a time-tested and readily available supply chain, the solution can easily be serial produced while creating local jobs.
This universal and modular floating substation is expected to have a significant impact on the market of offshore substations and is market-ready for upcoming floating commercial tenders, in France and across the world.
The market potential is huge, as 115 GW of new offshore capacity is expected to be installed around the globe by 2030.
Bruno Geschier, Ideol’s Chief Sales & Marketing Officer:
“We were happy to welcome the most influential players of the offshore wind industry in Paris today; their enthusiasm for our solution confirms the huge potential of this new product. Ideol, with its patented floating technology and unique in-house expertise, is excited and proud to once again collaborate with leading firms such as AOE and ABB and to contribute to the acceleration of commercial-scale floating offshore wind.”
Lionel Jossé, AOE’s Head of Sales & Marketing:
“This project reflects our capacity to capitalize on the lessons learned we have from the Electrical Offshore Substations we successfully delivered, so as to innovate and to implement ready-to-market solutions. The purpose of this workshop was to demonstrate to the different stakeholders of our industry the level of maturity and the relevance of this solution to strengthen the development of the floating offshore wind at a commercial scale”.
For more information:
Ideol and Atlantique Offshore Energy launch the commercialisation of the World’s first floating electrical offshore substation
Zennor Petroleum Limited (“Zennor”), through its subsidiary Zennor Pathway Limited, is currently developing the 100% owned Finlaggan field in the UK Central North Sea (block 21/05c and 21/05d, Licence P2013). The development project is targeting 30mmboe of gas condensate reserves from two subsea production wells tied back 20km to the Britannia platform.
Drilling update
Zennor is pleased to report successful completion of drilling and testing operations. The Finlaggan production wells (F1 and F2) each flowed more than 12,000 boepd, with rates being constrained by the surface facilities. Both wells also produced at significantly higher than expected flowing well head pressures, highlighting the quality of the reservoir sections in the completed wells. The Transocean drilling rig Paul B Loyd Junior has left the Finlaggan location and has been demobilised to Invergordon. The conclusion of these offshore works represents a key step in de-risking the Finlaggan development and delivering first production in Q4 2020 as planned.
Subsea Facilities update
Zennor is also pleased to announce that construction work on the 20km subsea pipe-in-pipe system and the electrohydraulic control umbilical is proceeding on schedule for installation in Q3 2019. The primary contractor TechnipFMC and their key subcontractors are making excellent progress towards this next major project milestone.
Martin Rowe, Zennor’s Managing Director, said:
“All of our teams continue to work exceptionally hard, alongside our main contractors, to deliver the Finlaggan project safely as planned and their progress and achievements to date talk to their skill and dedication. With the drilling and completion phase behind us we are now fully focussed on the Summer 2019 subsea installation programme which will take us another step closer to realising first production from Finlaggan next year.”
For more information:
Finlaggan Field Development Update
Pandion Energy AS (Pandion Energy) has entered into an agreement with Equinor Energy AS (Equinor) to acquire a 20 percent interest in licenses PL 263 D and PL 263 E, containing the Appolonia prospect. The licenses are located in the prolific Haltenbanken area of the Norwegian Sea in blocks 6407/1 and 6507/10, respectively. The operator is currently maturing the Appolonia prospect, which in case of a positive drill decision by the partnership may be added to the operator’s exploration drilling program for 2020.
CEO of Pandion Energy, Jan Christian Ellefsen, commented:
“Pandion is very pleased with this acquisition which represents our third exploration farm-in and the second in the Norwegian Sea. The Appolonia prospect is located in a very prolific area and makes up a valuable contribution to our growing portfolio of high quality exploration assets.”
PL 263 D was awarded in the 2017 APA round. PL 263 E is a new license to be carved out from PL 263, which was awarded in the 16th licensing round in the year 2000. Both licenses are operated by Equinor (70% before farm-down) with Spirit Energy Norway AS (30%) as a partner.
The transaction is contingent on completion of the carve-out of PL 263 E from PL 263 and is subject to customary conditions for completion, including approval by the Norwegian Ministry of Petroleum and Energy.
For more information:
Pandion Energy acquires 20 percent of PL 263 D & E from Equinor
Energean Oil and Gas plc (LSE: ENOG, TASE: אנאג ),the oil and gas producer focused on the Mediterranean, is pleased to announce that the Karish North exploration well has made a significant gas discovery.
Preliminary analysis indicates:
The well reached an intermediate TD of 4,880 meters approximately 7 days ahead of schedule. A gross hydrocarbon column of up to 249 meters was encountered and a 27 meter core was recovered to surface. Further evaluation will now be undertaken to further refine resource potential and determine the liquids content of the discovery.
Drilling of the initial phase of the Karish North well is now complete. As planned, Energean will now deepen the well to evaluate hydrocarbon potential at the D4 horizon.
Once operations are completed on Karish North, the Stena DrillMAX will return to drilling the three Karish Main development wells. Following this four well programme, Energean has six drilling options remaining on its contract with Stena Drilling.
The Karish North discovery will be commercialised via a tie-back to the Energean Power FPSO, which is located 5.4km from the Karish North well. The FPSO is being built with total processing and export capacity of 8 Bcm/yr (775 mmcf/d), which will enable Karish North, and future discoveries, to be monetised.
In December 2018, Energean signed a contract with I.P.M Beer Tuvia (‘I.P.M.’) to supply an estimated 5.5 Bcm (0.2 Tcf) of gas over the life of the contract. The contract is contingent, inter alia, on the results of Energean’s 2019 drilling programme and today’s announcement significantly increases the likelihood of its conversion into a firm contract.
Inclusive of the I.P.M. contract, Energean has contracted 4.6 Bcm/yr (445 mmcf/d) of gas sales, leaving a further 3.4 Bcm/yr (330 mmcf/d) of spare capacity in its FPSO for additional sales of discovered gas at Karish and the tie back of future discoveries.
Karish North spudded on 15 March 2019 utilising the Stena DrillMAX, a sixth generation drillship capable of drilling in water depth of up to 10,000 feet.
Mathios Rigas, CEO of Energean said:
“We are delighted to be announcing this significant new gas discovery at Karish North, which further demonstrates the attractiveness of our acreage offshore Israel. We are building the Energean Power FPSO with spare capacity, which will enable us to quickly, safely and economically develop both Karish North and future discoveries. We have already signed a contingent contract to sell 5.5 bcm (0.2 Tcf) of this new resource, and our strategy is now to secure the offtake for remaining volumes. We continue to see strong demand for our gas, which we believe will be supported by today’s announcement.”
About Energean Oil & Gas plc
Energean is a London Premium Listed FTSE 250 and Tel Aviv Listed E&P company with operations offshore Israel, Greece and the Adriatic. Energean has 347 mmboe of 2P reserves and 58 mmboe of 2C resources across its portfolio.
In August 2017 the Company received Israeli Governmental approval for the FDP for its KarishTanin gas development project, where it intends to use an FPSO and produce first gas in 2021. Energean has already signed contracts for 4.6 bcma of gas sales into the Israeli domestic market. Future gas sales agreements will focus on both the growing Israeli domestic market and key export markets in the region. In Greece, the Company is pursuing an ongoing investment and development programme to increase production from its Prinos and Prinos North oil fields and to develop the Epsilon oil field in the Gulf of Kavala, Northern Greece.
Energean has five exploration licences offshore Israel, and a 25 year exploitation licence for the Katakolo offshore block in Western Greece and additional exploration potential in its other licences in Western Greece and Montenegro.
For more information:
Energean Oil & Gas plc: Significant New Gas Discovery at Karish North
Zennor Petroleum Limited (“Zennor”), through its subsidiary Zennor Pathway Limited, is currently developing the 100% owned Finlaggan field in the UK Central North Sea (block 21/05c and 21/05d, Licence P2013). The development project is targeting 30mmboe of gas condensate reserves from two subsea production wells tied back 20km to the Britannia platform, which is operated by ConocoPhilips.
Drilling update
Zennor is pleased to report that both Finlaggan production wells (F1 and F2) have now been successfully drilled and cased to their target depths with long and highly productive lateral sections through the Lower Cretaceous reservoirs. The results from both wells have been very encouraging with F1 demonstrating high quality hydrocarbon bearing sands in the northern extension of Finlaggan as prognosed, and F2 proving sand continuity over the previously interpreted fault between the southern two segments of the field. Zennor is delighted with the results achieved and the positive implications for reserves and productivity. Completion and clean-up operations across both wells are now under way and are expected to be finished during the current quarter.
Commercial update
Zennor is pleased to announce that on 28 March 2019 all major Finlaggan offtake agreements were executed in line with previously agreed commercial terms. These agreements provide for the export of Finlaggan production through the Britannia facilities, the Forties Pipeline System, the SAGE Terminal and the SEGAL System.
Martin Rowe, Zennor’s Managing Director, said:
“The team have worked exceptionally hard over recent months and I am delighted to see those efforts come to fruition in achieving significant commercial and operational milestones. All aspects of the Finlaggan development project are firmly on track to deliver first production in Q4 2020 as planned and we greatly appreciate the support we continue to receive from our key contractors, partners, banking syndicate, the OGA and our shareholders.”
For more information: See Zennor Provides Finlaggan Field Development Update
Pandion Energy: Publication of 2018 Annual ReportThe Board of Directors of Pandion Energy has approved the Company’s annual report for 2018, including the audited financial statements for 2018.
“After a flying start in 2017, outperforming our own objectives, 2018 was the year we really established Pandion Energy as a full-cycle oil and gas company. During the year, we expanded our portfolio across all phases from exploration through to production on the Norwegian Continental Shelf and significantly strengthened our team. Besides, we completed our first round of debt financing, establishing a solid financial platform for future growth”, says Jan Christian Ellefsen, CEO of Pandion Energy.
In 2018, which was Pandion Energy’s first year with operating income, the Company recorded revenues of USD 101 million. The revenues relate to the Company’s 10 per cent interest in the Valhall & Hod fields, acquired from Aker BP in December 2017.
The Board considers Pandion Energy to be well positioned for further growth. The Company will continue its path to identify and invest in high quality assets in all phases. By being an active license partner, Pandion will benefit from partnering with strong operators and contribute to maximising the value of the Company’s resource base.
The Company’s development projects are progressing according to plan. Valhall Flank West project (10 per cent) is expected to commence production in the fourth quarter of 2019, while the Duva development project (20 per cent), is currently expected to commence production in late 2020/early 2021.
Download/Link
Pandion Energy Annual Report 2018 (download/print)
Pandion Energy Annual Report 2018 (web)
Kerogen Capital Joins Natural Gas Initiative to strengthen research efforts in the safe and effective use of natural gas
Kerogen Capital (Kerogen) has joined Stanford University’s Natural Gas Initiative (NGI) in January 2019, which aims to support the use of natural gas for its greatest social, economic and environmental benefit. NGI is a collaboration of more than 40 research groups under Stanford’s School of Earth, Energy & Environmental Sciences and the Precourt Institute for Energy.
Kerogen will join a consortium of other participants from industry, foundations, governments and inter-governmental organizations. Stanford University’s NGI aims to conduct high impact research in collaboration with industry in focus areas including: energy access for developing economies; methane emissions management; and digitalisation of energy including AI technology. Kerogen has identified these as key areas for its ESG program and portfolio management.
Ivor Orchard, Kerogen’s Chairman and Co-Founder, said:
“We believe that natural gas, has a vital role to play in meeting the UN’s Sustainable Development Goals, in particular in relation to meeting the world’s growing energy needs, addressing climate change and reducing air pollution. In the absence of commercial storage solutions, natural gas complements the deployment of renewable energy. We are delighted to support NGI’s ongoing research efforts to maximize the benefits from the use of natural gas”.
Kerogen Capital
https://kerogencap.com.w21.ysdhost.com
Stanford University’s Natural Gas Initiatives
https://ngi.stanford.edu
Energean Oil and Gas plc (LSE: ENOG, TASE: אנאג), the oil and gas producer focused on the Mediterranean, is pleased to announce that it has commenced its 2019 drilling programme in Israel, which will consist of three development wells and Karish North.
Following this four well campaign, Energean has a further six drilling options available in its contract with Stena Drilling Ltd (“Stena”).
Energean will batch drill the top-hole sections of the wells, which will allow significant operational efficiencies and cost savings.
The drilling campaign is being undertaken using the Stena DrillMAX drillship. The Stena DrillMAX is a sixth generation drillship capable of drilling in water depths of up to 10,000 feet.
For more information: See Energean commences its drilling campaign in Israel
