Offshore Survey Shows Shift From Cost Cutting to Expanding Operations
Respondents to a survey indicated a 35% decrease in their focus on cost cutting, and a 12% increase in their preparation to expand operations.
Confidence in the outlook for expanding operations was reflected by responses related to near-term hiring decisions. Thirty-four percent of respondents’ operations are preparing to rehire workers; 36% (4% in the 2016 report) are “not hiring new workers but have stopped laying off workers,” while only 7% (47% in 2016) are continuing to lay off workers.
Suppliers were described as “improved” in how they offer alternative solutions by 45% of respondents. With oil prices above $60/bbl, the impetus for suppliers negotiating lower prices for their services appears to be waning. Twenty-eight percent of respondents perceived “negotiations on costs” to be worse than 2 years ago.
The use of automation by both respondents’ own companies vs. their suppliers were rated equally as “aren’t very automated, but personnel are studying the benefits it could offer,” the same as 2 years ago.
Smart technologies were perceived as reducing costs by 54% of the respondents, and 16% have not implemented any, nor plan to do so.
About 25% work with suppliers from the start of the idea to implement smart technologies, while 22% share their requirements but expect their suppliers to develop the technologies themselves, and about 22% develop them in house.
Equinor Starts Up Mariner Field in North Sea
One of the largest industrial projects in the UK in recent years, Mariner marks Equinor’s first operated field on the UK Continental Shelf. It is expected to produce 70,000 BOPD at peak rates.
Equinor Gets Green Light To Start Up Utgard
The Norwegian Petroleum Directorate has given clearance to start up facilities at the North Sea field, which straddles the line between the UK and Norwegian sectors. Production is set to begin in September.
ALE Completes Record Lift for Total’s Egina FPSO
At nearly 3,000 tonnes, the company said its lift of an FPSO module was one of the heaviest land-based crane lifts ever performed. ALE was contracted to lift six modules for Total’s FPSO module integration project in Nigeria.
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06 August 2019
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