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KepCorp vs SembCorp
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krisluke
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27-Mar-2011 04:07
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SBM/Mitsubishi form FPSO partnershipOffshore staff MONACO -- SBM Offshore has signed a long-term cooperation agreement with Mitsubishi Corp. to pursue FPSO lease and operation projects worldwide. The two companies will serve as equity partners for ownership and operation of FPSOs. SBM Offshore will be responsible for EPCI supply of these units, and act as operator on behalf of the partnership. In the past, the duo has partnered on the Yetagun FSO and Rang Dong FPSO lease contracts offshore Myanmar and Vietnam. |
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krisluke
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27-Mar-2011 04:02
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Offshore Asia heads to Singapore March 29-31The industry advisory board that leads the conference and has set a Plenary Sessions that features David Paganie, conference director and chief editor of Offshore Lim Kok Kiang, director of Transport Engineering, Singapore Economic Development Board, welcoming attendees Jacob Dweck, head of LNG, Sutherland, looking at the impact on global offshore operations of the Macondo disaster in the US Gulf of Mexico and a regional offshore activity forecast.
That opening session will be followed by a technical program with two tracks to cover offshore exploration and production technology and applications. Session topics in the first track include well construction and drilling operations, production optimization, risk management, challenges specific to Asia/Pacific upstream oil and gas operations, flowlines and pipelines, and construction and installation. New this year, the second technical track concentrates on LNG. Topics include commercial and trade issues, supply, markets, analyses, and technology. Tuesday, March 29, registration is open from 08:30 to 18:00, and the exhibition hall is open from 13:00 to 18:30. From 17:00 to 18:30 there will be an Opening Night Reception on the exhibition floor. Wednesday, March 30, registration is 08:30-18:00. The Opening Plenary Session runs from 09:00 to 10:00. The exhibition hall opens at 10:00 and the conference sessions at 11:00. Both end at 18:00. Thursday, March 31, registration is from 08:30 to 16:00 exhibitions are scheduled from 09:00 to 16:00, and conference sessions from 09:30 to 16:00. The awards ceremony and closing remarks are set for 16:00 to 16:15. On both Wednesday and Thursday there are coffee breaks and delegate lunches scheduled on the exhibit hall floor. For the most recent registration and schedule information, see http://www.offshoreasiaevent.com/index.html. Times and locations are subject to change. The advisory board to Offshore Asia consists of Julian Callanan, Infield Systems Ltd. Dr. Gregory Chiu, Asian Institute of Technology Tony Findlay, Fluor Offshore Solutions Gary Foulis, Schlumberger (retired) Mads Hjelmeland, Framo Engineering Asia Pacific Sdn Bhd Barry J. O’Donnell, Pearl Energy Phil MacLaurin, Premier Oil David Paganie, PennWell Corp. Chandru Sirumal Rajwani, Keppel FELS Ltd. Brian Reeves, Oil & Gas Field Facilities Consultants Ltd. Joseph H Rousseau, ABS Pacific Will Rowley, Acteon John Samson, Aker Solutions John A. Sheffield, John M Cambpell & Co. Rodney Silberstein, ARV Offshore Co. Ltd Ricky Simic, Oil States Industries Inc. Geoff Stone, Penspen Ltd./Andres Palmer & Associates Warren True, PennWell Corp. Dr. Joko Widjaja, Technip Eng. Thailand Ltd. and Rene Wit, PDO. Sponsors of the conference and exhibition are ABS Aker Solutions Cameron Oil State Industries the Gas Association of Singapore ITF Singapore Exhibition & Convention Bureau YourSingapore.com Offshore magazine the Oil & Gas Journal the Oil & Gas Financial Journal Oil, Gas & Petrochem Equipment PennEnergy Energy Asia, LNG OneWorld Marine, Offshore Shipbuilding, Maps Globe, Offshore Industry, and Orange. Following are abstracts of some presentations and technologies scheduled for the conference: Blowout preventer testing—advanced technology developmentEngr. Charles Franklin Innovative Pressure Testing LLC A step-change in leak detection/pressure testing using a digital solution rather than the traditional circular chart recorder (CCR) is available. The initial development focused on testing BOP equipment (BOPE) in deepwater. More than 2,000 individual pressure tests were used to validate the Thermally Compensated Leak Detection (TCLD) transform. The transform allows the processing of digital data that shows to be optimum for leak detection. A small leak may not be identified for up to 20 minutes into the high-pressure test using conventional CCR means. The development provides for enhanced leak detection during the low-pressure test. In addition, a slow leak is objectively identified in less than two minutes during the high-pressure test, and a test validated in the regulatory agencies minimum holding time requirements. This is an improvement upon the 15 to 60 minutes or more per individual test using a CCR or other methods. The presentation will showcase the assurance, transparency, accuracy, archiving, and efficiency benefits of the new equipment. TCLD delivers a critical rig path time savings of three to 12 hours, every time the BOP and manifold are tested. With the software, procedures and training, more than a week of time savings per deepwater rig year can be saved. Further leak detection and pressure analysis opportunities for pipelines also will be addressed. Drillstem testing—operational and safety aspectsShangkar Venugopal Halliburton Well testing costs typically account for approximately one-third of the cost of developing an exploration well. There are many difficulties inherent to these operations. For this reason, it is critical that careful planning be considered as the key step in the development of a testing operation that provides the desired parameters of both the operator and the service company in the safest and most cost-efficient manner. This presentation provides insight into the techniques and procedures practiced by Petronas in collaboration with a major service company to provide all the operational and safety steps required for a successful drillstem testing (DST) operation. This testing program uses a structured approach that will guide the user through the best practices necessary to effectively plan and implement a DST operation under just about any circumstance. DST operations must be designed to deal with whatever variables that are defined in the safest, most cost-efficient fashion. The method presented in this paper enables the testing design to address properly the following:
By following the documented processes disclosed in this paper, testing operations can be developed to avoid catastrophic events that could occur in the safest and most cost efficient manner. Anchoring Malaysia’s first deepwater FPSODr. Samy Alhayari SBM Offshore The 10 suction piles for Murphy Oil’s first deepwater FPSO, Kikeh, have been installed successfully in more than of 1,300 m (4,265 ft) in about five days using SBM/Solstad Normand Installer. SBM’s new “GAP: Gravity Actuated Pipe” was used for the first time to transfer the fluid from the spar to the FPSO MDFT (Malaysia Deep Floating Terminal), a joint venture of SBM Offshore and Malaysian MISC. Peak production is about 120,000 b/d of oil. The challenging Kikeh seabed conditions – with the presence of a telecom cable in the middle of one mooring bundle, excessive seabed slopes, and other complicated geology – have forced both parties to find a cost-effective and appropriate anchoring solution of the FPSO. The FPSO mooring was originally designed with three-by-three legs but one of the bundles has to be increased to four legs instead of three to avoid the telecom cable by shorting the anchoring radius and increasing the chain size for that bundle. The FPSO is anchored to the seabed using 10 suction piles. The constructive cooperation between Murphy Oil and MDFT during the site surveys allowed adjustments to the anchoring radius and anchor points to a less risky area during the execution of the geophysical survey and prior to carry out the seabed testing and sampling boreholes. The FPSO is hooked-up to her ten legs and GAP connected between the spar and the FPSO. Subsea risers are being secured to the FPSO turret prior to start production. This is the first application of the suction pile technology offshore Malaysia. The coordination among SBM Offshore’s various departments during the design, fabrication, and installation key to this success. Real-time condition monitoring of subsea pipelinesJon Machin Schlumberger Ensuring the structural integrity of subsea pipelines is a concern for many operators in the Asia/Pacific region. This presentation describes several ways in which real-time monitoring technology is emerging as an increasingly significant component of a solution to this problem. New fiber-optic sensors are described. These sensors can obtain both discrete and distributed information regarding key structural integrity properties of the pipeline in addition to operating conditions such as pressure and temperature. Advances in installation methods and procedures means that these sensors can be deployed cost-effectively in new field applicatons as well as retro-fiitted to existing facilities. Case studies illustrating a number of applications are described. Case studies on subsea production optimizationIan Donald Cameron MARS Production Systems The presentation shows the benefits of wellhead-based subsea processing. It describes in detail how the standardized wellhead interface MARS (Multiple Application Re-injection System) has been deployed successfully on numerous subsea production optimization projects. In addition to discussing subsea multiphase pumping and metering applications, the presentation focuses on the recent successful deepwater well stimulation on Chevron Lobito Tomboco project in deepwater Angola. This project was completed in December 2009. The presentation will show how application of emerging technologies allows operators to maximize recovery using low-risk, low-cost tooling. Fluid intervention no longer requires full vertical well access for wireline or coiled tubing services. Chemicals now can be pumped into the well (or pipelines) in a controlled, safe manner without MODU facilities. There are a number of fluid intervention applications. They are used to protect the well against scale and hydrates or to pump kill weight brine for well control or to clean the lower completion or stimulating the reservoir to then tackle formation/production issues that evolve throughout the life of the well. The presentation also shows how to verify the principles of the unitized processing and the potential applicability to typical assets and provides additional technical information by updating actual projects, confirming the business case advantages of using this standardized interface, detailing how the technology can strategically to “future proof” assets , and presenting the HSE advantages of standardized tooling and procedures Lastly, the presentation provides details of current projects and system adoption by multiple vendors, suppliers, and operators to further standardize interfaces. |
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krisluke
Supreme |
27-Mar-2011 03:58
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Bully drillships taking shape in SingaporePublished: Aug 1, 2010
Bully I, the first of two new deepwater drillships under construction in the Far East, is set to be delivered to Noble Energy this fall. The Bully concept is based on GustoMSC’s PRD 12000 drillship design. The compact size makes these vessels more economic to construct and operate, the company claims, with relatively low power consumption. Main dimensions include an overall length of 187.5 m (615 ft), a width of 32 m (105 ft), a depth of 15.06 m (49 ft), and a displacement of around 45,000 metric tons (49,604 tons). Both vessels will be able to drill in water depths of up to 8,250 ft (2,514 m) with a conventional marine riser, and with a pressurized riser in up to 12,000 ft (3,657 m) of water. Other stand-out features include Arctic-class notation, a multi-purpose drilling tower, and a thruster retrieval system.
The hulls in both cases were built at the Shanghai shipyard in China, and later towed to the Keppel shipyard in Singapore for outfitting and completion, including accommodation blocks and marine systems. Last December, the first drilling tower arrived in Singapore for installation earlier this year on Bully I. Recently, the GustoMSC-designed thruster retrieval system was installed – the design involves integrating a conventional bottom-mounted azimuthing thruster and its supporting system in a container, which can be retrieved inside the vessel’s hull. This permits on-board maintenance or, if needed, in-situ removal, eliminating the need for dry-docking or towing the vessel into port. The thruster container movement is derived from rack and pinion technology well-proven in GustoMSC’s jacking systems.
Another advantage of this component is that it facilitates installation of thrusters at a late stage in the vessel construction program. This is because the container housing the thruster is outfitted separately from the vessel, and can therefore be guided into the hull when the vessel is at the quayside, with final hook-up limited to connection of the power supply, control system, and utilities. Currently all systems onboard Bully I are undergoing commissioning. Bully II is due to be delivered early in 2011. Both vessels were originally ordered by Frontier Drilling for use in a joint venture program with Shell E& P, although Frontier was recently acquired by Noble Energy. Unfortunately, first projects for the vessels remain unassigned, due to the fall-out from the deepwater drilling incident earlier this year in the Gulf of Mexico. GustoMSC also co-developed with Keppel DTG the design for the DSS38 deepwater drilling semi, two of which were ordered by contractor Queiroz Galvao Oleo e Gas Company (QGOG) in August 2006 for operations off Brazil. Keppel FELS in Singapore delivered the first rig, Gold Star last October. The second unit, Alpha Star, should follow in mid-2011. According to GustoMSC, the compact DSS38 can drill in water depths up to 9,000 ft (2,743 m), with a 2,000 kips-rated derrick and four 2,200 hp mud pumps. The rig’s vertical riser storage simplifies riser handling, and also occupies 40% less deck storage area than conventional riser storage. This frees up space for items such as well-testing equipment. Eight 3 MW azimuth thrusters are employed for station keeping. The DSS38 has a deck size of 69.5 x 69.5 m (228 x 228 ft), a displacement of 39,000 metric tons (42,990 tons), an operating draft of 20.5 m (67 ft), and a variable deck load of 5,622 metric tons (6,197 tons). |
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krisluke
Supreme |
27-Mar-2011 03:54
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krisluke
Supreme |
27-Mar-2011 03:46
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Noble Corporation to Host Analyst DayBy NewsDesk Noble Corporation (NYSE: NE) announced that it will host an Analyst Day for the financial community on May 17-18, 2011 at the Keppel Shipyard in Singapore. The event will begin with a dinner with Noble’s senior management on the evening of May 17. On the morning of May 18, Noble’s management will make presentations with information related to the Company’s strategy, drilling market segments, project execution, and the Noble Bully I, an ultra-deepwater drillship that is being built under a joint venture with Shell. A tour of the Noble Bully I and the upgraded stern section of the deepwater drillship Noble Roger Eason, both under construction at the shipyard, will follow the presentations. The Noble Bully I is expected to be drydocked at the time of the event, potentially offering a unique opportunity to view the rig’s thrusters in addition to the rest of the unit’s advanced technology, much of which has been developed taking advantage of Shell’s deepwater expertise. A webcast of the presentations will be available on the Investor Relations section of the Company’s Web site. Noble also will post a copy of the presentation materials on the Company’s Web site at the time of the event. “The two Bully drillships are outstanding additions to our rapidly growing fleet of high specification ultra-deepwater rigs,” said David W. Williams, Chairman, President and Chief Executive Officer, Noble Corporation. ”We look forward to giving investors and analysts both an update on the Company’s operations and outlook as well as the opportunity to personally examine not only the construction quality of the Bully units, but to view demonstrations of the innovative, advanced technology on the rigs that we believe will enable our customers to pursue their exploration and production goals more efficiently and safely.” Noble is also facilitating a visit to and tour of Sembcorp Marine’s Jurong shipyard on May 19 for interested investors and analysts. If you are interested in attending the event, please contact Noble’s Investor Relations department at 281-276-6100 for more information. Source: Press Release // Analyst Day tour schedule: keppel corp shipyard division, keppel shipyard (tuas) on may 17-18 2011. Semcorp marine sub contractor division, jurong shipyard on 29 may 2011  .
rotijai, you interested or not ? |
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rotijai
Supreme |
26-Mar-2011 23:14
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thanks for the info!
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krisluke
Supreme |
26-Mar-2011 22:47
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sembcorp marine, the investment holding own 30% of cosco. So, somehow got the linky. I not so sure of the precise percentage held currently, can check sembmar thread for the infos. I posted it there few days ago. I think, many china grads from cosco was in sembcorp marine sub contractors shipyard, i mean jurong shipyard/ sembawang shipyard. those " ikan bilis" , the labour are supplied type, head counts will roll if not JOB from main contractor, which is the HOST.
Nowadays, singapore BBs, like dbs ballas, iocbc holds only small percentage of sembmar liao. I'm not so sure for temasek investment holding. Just lazy to update for that. Finanical 2010 book will be issued out soon (FOC), got time then check check
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rotijai
Supreme |
26-Mar-2011 20:29
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master krisluke, mind to elaborate cosco(semb marine) ? i thought they are different companies? or they form as a group?
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krisluke
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26-Mar-2011 20:18
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I tip keppelfels to win this contract over cosco corp.
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krisluke
Supreme |
26-Mar-2011 00:08
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Who will win maersk attractive jack up rigs offer ? ?? cosco (sembmar) vs keppelfels (kepcorp) ? Source: upstream online news... |
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krisluke
Supreme |
25-Mar-2011 23:52
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thot of rig builder daily activities
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krisluke
Supreme |
25-Mar-2011 23:30
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JP Morgan raises oil forecastsJP Morgan raised oil price forecasts for 2011 as a protracted outage in Libya and the run-up to summer demand required additional supplies from the Organisation of the Petroleum Exporting Countries. The bank raised its Brent forecast for the second quarter to $118 a barrel from $105, which combined with smaller increases for the third and fourth quarters, results in an increase of $6 for the full-year 2011 projection to $110 a barrel. JP Morgan expects West Texas Intermediate to average $99 in 2011, also $6 higher than the previous forecast. JP Morgan analysts headed by Lawrence Eagles said there was a real risk oil producers would respond to, rather than pre-empt, price signals – or they would raise output after Opec's mid June meeting. " By then, it will be too late to prevent higher prices and could extend what we see as a mid-quarter blip to a much more serious and destabilising price surge that could distort stock-holding behaviour and economic growth, leading to more significant problems in stabilizing the oil market," the bank said in the report dated 24 March. JP Morgan's left its forecast for 2011 global oil demand growth unchanged at 1.7 million barrels per day (bpd) as decreases for some Oecd countries, such as Libya and Egypt, are offset by an increase of 300,000 bpd in expected consumption from Japan and higher Chinese use. |
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krisluke
Supreme |
24-Mar-2011 19:25
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smm new CFO, hmmm a nice chap that do rewards the faithful investor. like me... i mean for this 2011
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krisluke
Supreme |
24-Mar-2011 19:20
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SembCorp Marine (SMM SP, $5.73) – The $6.00 level could be tested in the near term and the $5.00 level should act as a good support area. I mean, the upside gap to be closed by themselves (smm director board), not about " PUI" , the liar, but thinky think about those remain faithfully with SMM, I was one of them... 
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krisluke
Supreme |
24-Mar-2011 19:14
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keppel corp is good, in the sense that majority of the Director's Seat are ex PAP potato (i'm not quite sure) Hmmm, Sembmar, I only care for my walletwatch and inflation thingy. If i sell and cover back, easily could pocket SG$10-20K in one neat transaction. But, one important thingy to bear in heart, Is trading carry risks and fatigue
As i alway said, sembmar management is OK only, and keppel corp shown some leadership (respect). Just thot of a thingy, to replace present CEO of sembcorp marine, It would be good for the corporation in bigger picture (future). I had a deep analyse about smm business and risks, present CEO is just a geen horn in OIL sector, think, an ex HR director? what do you thinky think ? ?? 
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Jackpot2010
Master |
24-Mar-2011 15:45
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Buy SembMarine b4 div ex-date 26 Apr. Final + Special Div = 31c. After ex-div, the price may not fully adjust for such a huge div. If they get some more contracts, price will up instead! | ||||||
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tea444u
Master |
24-Mar-2011 13:54
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Steady now Keppel...up up up..... step by step...up up up...hopefully got contracct wins this weekend...more contracts roll in please.......... | ||||||
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krisluke
Supreme |
24-Mar-2011 12:44
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Tags: Keppel corp | Sembcorp Marine | Singapore Offshore & Marine | Yangzijiang Shipbldg Hldgs
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risktaker
Supreme |
17-Mar-2011 20:02
Yells: "Sometimes you think you know, but in fact you dont" |
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damn kepcorp ... I am still waiting to enter @ 11.18 | ||||||
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krisluke
Supreme |
17-Mar-2011 19:15
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A CHART MEANS A TRILLION DOLLAR CONTRACT
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