7 months ago

Petromin marine and offshore Jan-Feb Issue

The two e-houses are

The two e-houses are currently enroute to Samsung Heavy Industries’ yard in Geoje, Korea, for installation on the vessel. “ABB’s long history of pioneering new technologies and expertise in the automation field is a perfect match for the floating LNG market,” says Per Erik Holsten, ABB Managing Director for Oil, SINGAPORE KS Energy Gets US$3m Contract THAILAND Shell Sells Stake in Thailand’s Bongkot Gas and Chemicals. “From concept Extension for Jack-Up Rig Field to PTTEP to realization, our engineered solution is one of the optimized factors that allow oil and gas companies to exploit fields that are traditionally deemed as uneconomical. The PFLNG 2 project is also a testimonial of our commitment to stakeholders on safety, quality and customer satisfaction, irrespective of the magnitude of the project.” PFLNG 2 will enable the liquefaction, production and offloading of natural gas in the Rotan field, and produce 1.5 million tonnes of LNG each year. The non-propelled vessel will be moored using an external turret. Oilfield supply and services provider KS Energy said in early January that its KS Java Star 2 jack-up drilling rig has been awarded a contract extension to the value of US$3 million. The original US$11.1 million contract, announced in April last year, was won by KS Drilling Operating Company, a wholly-owned subsidiary of KS Energy’s 80 per cent subsidiary, KS Drilling. The contract extension is not expected to have any material effect on the earnings per share and net tangible assets per share of the company for the financial year ending Dec 31, said KS Energy. Shell Integrated Gas Thailand Pte Ltd and Thai Energy Company Ltd, affiliates of Royal Dutch Shell Plc, have agreed to an asset sale of their 22.2222% interest in the Bongkot field and adjoining acreage offshore Thailand to PTT Exploration & Production Public Company Limited (PTTEP) and PTTEP International Limited, a wholly-owned subsidiary of PTTEP, for a transaction value of US$750 million. The transaction is expected to complete in the second quarter of 2018, subject to completion conditions as prescribed in the agreement. The agreement is for Shell’s stake in Blocks 15, 16 and 17 and Block 28 January to February 2018

G12/48. Following the completion of this transaction, PTTEP’s stake in Bongkot will increase to 66.6667%, with the remaining 33.3333% owned by Total. PTTEP is the current operator of Bongkot. Shell’s decision to divest remains driven by the company’s strategy to sell non-core assets in order to re-shape Shell into a simpler, more resilient and focused company. This sale takes Shell a step closer to its divestment target of US$30 billion. This announcement has no impact on Shell’s other business interests in Thailand. awarded a contract to supply top tensioned riser (TTR) systems and related services for the development of the Ca Rong Do Project located offshore Vietnam operated by Repsol with the participation of Mubadala, PVEP and PetroVietnam. Dril-Quip will provide a drilling TTR system and multiple TTR systems for the production, gas injection and water injection wells. The systems will include tie back connectors, tapered stress joints, riser joints, riser connectors, keel joints, tensioner joints, spool joints, flexible jumpers, surface wellheads, surface trees, control umbilicals and tensioner systems. Blake DeBerry, President and Chief Executive Officer of Dril-Quip, stated, “We are pleased to be awarded this significant contract that would not be possible without the hard work and dedication of our employees at multiple locations around the world. We believe the enhanced product offerings resulting from our January 2017 acquisition of OilPatch Technologies (OPT) also played an important role in our successful proposal, and we look forward to further strengthening our position as a leading provider of TTR systems by successfully executing on this project.” VIETNAM Dril-Quip Awarded Contract for Repsol’s Ca Rong Do Project Dril-Quip, Inc. has announced that Dril- Quip Asia Pacific Pte Ltd, its wholly-owned subsidiary based in Singapore, has been . THE ORIENT January to February 2018 29

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