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OneSubsea, Schlumberger, and Helix Energy Solutions signed a letter of intent to develop technologies and deliver services to lower the cost and increase the efficiency of subsea well-intervention systems. More specific details about the alliance and how it will achieve its goals are being discussed.

Vitesse Energy, a subsidiary of Leucadia National Corporation, has acquired nonoperated oil and gas assets in the Williston basin from EnerVest Operating for a preliminary purchase price of USD 186.5 million. The assets acquired include a working interest in approximately 600 wells and over 19,000 net acres, primarily in Williams, McKenzie, and Mountrail counties in North Dakota.

Eagle Energy Exploration signed a definitive agreement to acquire oil and gas assets in Oklahoma’s Mississippi Lime play from Fairway Resources Partners II for USD 195 million. The properties to be acquired comprise approximately 20,000 net acres with current production from the Mississippi Lime in Alfalfa, Grant, and Woods counties.

Technip USA signed an agreement to sell its North American diving assets to Ranger Offshore. The acquisition includes diving assets and two dynamically positioned multiservice support vessels, as well as a multiyear preferred subcontractor agreement whereby Ranger will provide diving services to Technip USA.

Bill Barrett Corp. has signed agreements with several undisclosed recipients for the sale of the majority of its Powder River basin acreage and its remaining stake in the Gibson Gulch natural gas program in the Piceance basin. This includes 46,510 acres in the Powder River basin and 12,000 net acres in the Piceance basin. The total value of these transactions is USD 757 million.

Encana said it will sell its remaining 54% stake in PrairieSky Royalty via a USD-2.4-billion secondary offering of PrairieSky shares. PrairieSky generates royalty revenue by charging drilling levies to other producers on its properties. A syndicate of underwriters, led by TD Securities, will purchase Encana’s stake and offer the shares to investors.

Cardinal Energy entered into an agreement with an unnamed seller to acquire assets whose total daily production is approximately 2,500 BOE, in Alberta, Canada’s, Wainwright area. The purchase price is USD 241 million before adjustments. The assets are 99.4% operated, produce 97% crude oil, have a base decline rate of 7% to 9%, and include associated infrastructure.


Premier Hytemp has committed to opening a USD-20-million, 67,000-ft2 precision engineering facility in Singapore. Its location will be adjacent to the company’s existing 78,000-ft2 facility in the industrial area of Jurong, in western Singapore, and will serve the downhole-tool, wellhead, and subsea-tree markets. Construction is expected to start before the end of 2014.

Expro has constructed a new 20,000‑m2 facility in Macaé, Brazil. The facility houses operational product lines, an employee training and development center, and state-of‑the‑art technology.


SBM Offshore signed a USD-400-million production-handling agreement with operator Noble Energy. SBM will produce oil to the Thunder Hawk semisubmersible production unit from the Big Bend and Dantzler fields, both of which are located at water depths of more than 6,000 ft. First oil is expected from Big Bend in late 2015, and from Dantzler in the first quarter of 2016.

Keppel FELS has been awarded a contract—valued at USD 227 million—by Qatar’s Gulf Drilling International to build a high-specification KFELS B Class jackup rig. The rig will be named Halul and is scheduled to be delivered in the first quarter of 2016. Upon delivery, Halul will be chartered to Qatar Petroleum for a period of 5 years.

Petrobras has awarded a contract, worth USD 465 million over a period of 5 years, to Aker Oilfield Services to provide subsea intervention services, offshore Brazil, from the Aker Wayfarer vessel. The contract term will start within the fourth quarter of 2016 and has a 5-year option extension. The Wayfarer will be outfitted at a yard in Norway to become a deepwater subsea-equipment-support vessel. It will have a fiber-rope deployment system, deck skidding systems, and a subsea-orientation equipment system, allowing it to install and retrieve subsea trees and modules, including subsea structures and manifolds.

CGG received contracts for the 3D seismic acquisition of four surveys using its marine broadband technology. Three of the surveys will be acquired in the Asia-Pacific region—two offshore Malaysia and one offshore northwest Australia—while the fourth acquisition will be offshore West Africa. These contracts have a combined value of more than USD 80 million.

IKM Subsea, a subsidiary of IKM Group, has been awarded a contract by Eni Indonesia to provide remotely operated vehicle (ROV) services onboard mid-water semisubmersible rig Scarabeo 7. The contract has a value of approximately USD 16 million and is for a firm period of 2.5 years. Two ROVs, including support equipment and personnel, will be provided. Equipment will be mobilized from IKM Subsea headquarters in Norway, and the contract will be run from Singapore through subsidiary IKM Subsea Indonesia.