Press

Proserv Secures Multi-Million Repsol Contract


Energy services company Proserv has secured a contract worth over $5.5million (45million Norwegian Kroner) with Repsol to upgrade and build new subsea production control equipment for the Yme field redevelopment in the Norwegian North Sea.

The award scope initially covers the refurbishment and upgrade of the existing subsea control system.  Using Proserv's unique technology and expertise, the life of the existing equipment will be extended significantly beyond its original design life, with no compromise on functionality.  

The entire subsea control system will be upgraded to provide state of the art functionality including high speed data management and transmission capability with sufficient capacity for future field expansion or increased data capture.

Henrik Johnson, region president for Scandinavia at Proserv, said: “This is a significant award win for the team that clearly demonstrates the strength of our relationship with Repsol and our ability to deliver robust technology solutions and services on time and to the very highest standards.

“We are starting to see strong uptake for our Augmented Control Technologies (ACT) approach which helps clients optimize their subsea production in a more cost-effective way. Working in close cooperation with our clients enables us to use the most appropriate technology together with our dedicated engineering and service teams to optimise the performance of a producing asset over its entire life. 

“We don't see such an award as a one-off discrete project, but rather the start of a life of field relationship where our role is to provide the best technical and service support whilst maximising our clients' returns over the entire asset life. Just as our engagement doesn't end, we also maintain a continual focus on developing new technology that embraces our core philosophy of ‘ingenious simplicity'.”

As part of the workscope, Proserv will engineer, manufacture and supply all associated topside and subsea equipment. The refurbishment and servicing of the subsea control modules and the manufacturing of the subsea electronics modules and master control station will be delivered by the company's subsea controls experts in Trondheim and Stavanger, Norway. Each control module will include Proserv's award-winning Artemis 2G (A2G) subsea electronics modules which are designed to be compatible with existing infrastructure to avoid costly system replacements and protect against obsolescence.

Tore Erntsen, vice president for subsea controls at Proserv, said: “In these austere times, it is fundamental to change the way we act and respond to a challenge. Just as there's never been a greater need for collaboration, we must think smarter about technology and how we can use what already exists in different ways together.

“The revitalisation of the Yme field, with Repsol bringing forward a revised plan for development and operation, is a prime example of how Proserv's approach can add value by improving existing equipment reliability and maximising field life.”

The recoverable oil reserves for the field are estimated at approximately 65 million barrels at 10 year's total production with first oil planned for the first half of 2020.

This latest award builds on the success of the subsea controls brownfield upgrade project completed by Proserv for Statoil's Visund Field.

The project will be delivered over a two year period in line with key project milestones.

Proserv is a technology-driven company providing products, services and bespoke solutions to clients across the drilling, production and decommissioning market sectors.Operating worldwide through 22 operating centres based in 12 countries, the company has won a string of industry awards over the years in recognition of its achievements.


Visit source site

https://proserv.com/media/newsroom/

ContractProservRepsolEnergyYme FieldNorwegian North Sea

More items from oilvoice


Over $9.9bn in Capex Will be Spent by Qatar-Focused Operators on Gas Projects to 2021, Says GlobalData

Over $9.9bn in capital expenditure (capex) will be spent by Qatar-focused operators on gas projects between 2018 and 2021 to ensure that country's production will remain around 18.1 billion cubic feet per day (bcfd) in 2021, according to GlobalData , a leading data and analytics company. Qatar ...

OilVoice Press - OilVoice


Posted 5 hours agoOpinion > QATARgasGlobalData +3

Uganda Government selects Consortium comprising YAATRA, BHGE, LionWorks, and Saipem to develop, finance, construct and operate a greenfield Oil Refinery in Hoima District, Uganda

When executed, this will help develop the industry infrastructure and provide livelihood for the Ugandan people and, by extension, other East African countries KAMPALA, Uganda, April 25, 2018/ -- Following the favourable evaluation of its private sector-led offer by the Uganda Governme ...

OilVoice Press - OilVoice


Posted 5 hours agoPress > UgandagovernmentYAATRA +11

Federal Financial Interventions and Subsidies in U.S. Energy Markets Declined Since 2013

Source: U.S. Energy Information Administration, Direct Federal Financial Interventions and Subsidies in Energy in Fiscal Year 2016 EIA has updated its report on federal financial interventions and subsidies in energy markets , covering the 2016 U.S. government fiscal year (FY). Subsidies ...

OilVoice Press - OilVoice


Posted 5 hours agoOpinion > USUnited StatesEnergy +4

Subsea 7 Re-Affirms its Proposal to Acquire McDermott

Subsea 7 S.A. today announced a re-affirmation of its interest in acquiring McDermott International, Inc. (“McDermott,” NYSE: MDR). Subsea 7's proposal is subject to the termination of McDermott's pending transaction with CB&I (NYSE: CBI).  Subsea 7 is open to considering amending its proposal if ...

OilVoice Press - OilVoice


Posted 5 hours agoPress > NYSESubsea 7McDermott +2

Hess Reports Estimated Results for the First Quarter of 2018

Key Highlights: Increased our share repurchase program by $1.0 billion to a total of $1.5 billion, which is expected to be completed by year-end; repurchased approximately 8 million common shares for $380 million in the first quarter, completing the initial $500 million program Commenced ...

OilVoice Press - OilVoice


Posted 8 hours agoPress > Hess CorporationResultsQ1 +4
All posts from oilvoice