OGV Energy - Issue 33 - Analysis and Analytics

14

FOSSIL FUELS

Conducted by Craig Jamieson and Oddmund Føre @ Rystad Energy

Database version: Rystad Energy Databases June 2020

Service Market DriversGreenfield project sanctioning

Sacntioning year (2016 - 2022)

Year (2016 - 2022)

Year (2016 - 2022)

RYSTAD ANALYTICS

SPONSORED BY

Rystad offer global and regional tools tailored specifically for in-depth analysis of the upstream, oilfield service, energy markets and renewable energy industry.

The consistency of data is a result of our systematic research by combining publicly available information and Rystad Energy’s estimates and models. Our analysts gather data from company reports, investor presentations and press releases, governmental sources, as well as public institutions such as IEA, OPEC, USGS, and NPD.

www.ogvenergy.co.uk I June 2020

Database version: Rystad Energy Databases June 2020

Rystad Analytics

15

Offshore Rig Market AnalysisGlobal overview of current status

PROUD TO BE IN PARTNERSHIP WITH

Offshore Rig Market AnalysisFleet current stats

OGV Energy is delighted to be working in partnership with global energy knowledge house, Rystad Energy, to bring industry insights and analytic detail to our readers in Oil & Gas.

As the sector continues to digitise operations on a project and company basis, this high-level monthly data aims to provide key information in context from an industrywide perspective and demonstrate the technology available for those seeking deeper insights to enhance strategic planning and development.

FOSSIL FUELS sponsored by

16

FOSSIL FUELS

Conducted by Craig Jamieson and Oddmund Føre @ Rystad Energy

Rystad Analytics

Database version: Rystad Energy Databases June 2020

Offshore Rig Market AnalysisUtilisation

PROUD TO BE IN PARTNERSHIP WITH

OGV Energy is delighted to be working in partnership with global energy knowledge house, Rystad Energy, to bring industry insights and analytic detail to our readers in Oil & Gas.

As the sector continues to digitise operations on a project and company basis, this high-level monthly data aims to provide key information in context from an industrywide perspective and demonstrate the technology available for those seeking deeper insights to enhance strategic planning and development.

Offshore Rig Market AnalysisContract backlog

www.ogvenergy.co.uk I June 2020

view rystad analytics on our APP

Date generated 15 May 2020

UKCS Status Report

17

Current ProjectsDecommissioning Projects

OPERATOR

(Fields)OPERATOR

(Fields)ALPHA PETROLEUM UK HOLDINGS (Cheviot)

BP EXPLORATION (Vorlich - ETAP)

DANA PETROLEUM E&P(Platypus)

ENQUEST PLC (Sullum Voe Terminal -Thistle - Magnus and SVT - All Assets - Ninian to STV Pipeline - All UKCS)

EQUINOR ASA(Utgard)

FAIRFIELD ENERGY LIMITED (Darwin - Skye)

HIBISCUS PETROLEUM(Marigold & Sunflower)

HURRICANE ENERGY (Lancaster)

INDEPENDENT OIL AND GAS(Southwark - Blythe - Elgood)

INEOS INDUSTRIES (Breagh)

ITHACA ENERGY INC. (Captain)

NEPTUNE E&P (Seagull)

PARKMEAD GROUP PLC(Perth)

PERENCO OIL & GAS(Leman & Indefatigable - Wollaston)

PING PETROLEUM LIMITED (Avalon)

PREMIER OIL PLC (Catcher - Tolmount - Solan)

REPSOL SINOPEC RESOURCES(Tain - Montrose)

ROYAL DUTCH SHELL(Gannet D Pipeline Replacement Project - Arran -Jackdaw - Penguin Area - Fram)

SERICA ENERGY (Columbus)

SICCAR POINT ENERGY (Suilven - Tornado - Cambo)

WHALSAY ENERGY (Bentley)

WINTERSHALL B.V. (Sillimanite)

BP EXPLORATION (Murlach - Clair South)

CNOOC LIMITED(Blackhorse)

ENQUEST PLC(Eagle)

BP EXPLORATION (Don - Miller)

CENTRICA STORAGE HOLDINGS (Rough)

CNOOC LIMITED(Ettrick/Blackbird)CNR INTERNATIONAL

(Ninian - Banff and Kyle fields)CHRYSAOR HOLDINGS

(Caister CM - Murdoch - CMS - MacCulloch)

DANA PETROLEUM E&P (Hudson)

DNO NORTH SEA(Schooner)ENI UK LIMITED

(Big Dotty - Little Dotty - Dawn - Hewett)ENQUEST PLC

(EnQuest Producer)INEOS INDUSTRIES

(Cavendish)NEPTUNE E&P

(Minke - Juliet)PERENCO OIL & GAS

(Guinevere - TYNE - Pickerill)PREMIER OIL PLC

(Huntington - Balmoral - Rita & Hunter - Caledonia)REPSOL SINOPEC RESOURCES

(Tartan - Buchan - Beatrice - Fulmar)ROCKROSE ENERGY

(Brae Bravo - East Brae)ROYAL DUTCH SHELL

(Various - Brent - Atlantic and Cromarty - Curlew - Goldeneye)

SPIRIT ENERGY(Ensign - South Morecambe - Audrey - Annabel - Ann & AlisonMarkham - York - Trees)

TAQA EUROPA B.V(Eider - Tern - North Cormorant - Cormorant Alpha)

WALDORF PRODUCTION (Renee / Rubie)

Discovery Projects

EQUINOR ASA (Peik - Bressay - Rosebank - Frigg - Mariner East)

HURRICANE ENERGY(Lincoln, Warwick)

PHARIS ENERGY LTD(Pilot)

JERSEY OIL AND GAS PLC(Glenn)

TOTAL UPSTREAM UK LIMITED(Edradour Royal Sovereign)

TAQA EUROPA B.V.(Harding North)

For additional project summaries, locations and contact details, follow the link www.oilandgasvisionjobs.com/project-pathfinder

20

WORLD PROJECTS

WORLD PROJECTS MAP

1

AUSTRALIA - Offshore Energy US$5.9bn

JUNE 2020

The offshore site investigations will be supported by Curtin University’s Centre for Marine Science and Technology for marine mammals in the project area and Deakin University on the seabird, seabed biodiversity and fish surveys.

WORLD PROJECTS

SPONSORED BY

The EIC delivers high-value market intelligence through its online energy project database, and via a global network of staff to provide qualified regional insight. Along with practical assistance and facilitation services, the EIC’s access to information keeps members one step ahead of the competition in a demanding global marketplace. The EIC is the leading Trade Association providing dedicated services to help members understand, identify and pursue business opportunities globally. The EIC is renowned for excellence in the provision of services that unlock opportunities for its members, helping the supply chain to win business across the globe.

2 3 4 5

CHINA - PetroChina US$100mn

NIGERIA- NLNG US$4.5bn

POLAND - PKN Orlen US$2.3bn

BRAZIL - Oil Group US$300mn

PetroChina has made a giant gas find at the Pengtan-1 well, southwestern China’s Sichuan basin, which flowed 1.22 million cubic metres of gas during testing in early May 2020. The Pengtan structure, which covers 1,200 sq km in the central Sichuan basin has the potential to hold more than a trillion cubic metres of gas in place.

Nigeria LNG has signed the engineering, procurement and construction (EPC) contract for Train 7. Nigeria LNG had previously announced that it would award the EPC to a consortium including Saipem, Chiyoda and Daewoo. Saipem said the overall value of the contract was above $4 billion, with its share at roughly $2.7 billion.

PKN Orlen has purchased a license and basic engineering design package from Badger Licensing for an isopropyl alcohol (IPA) unit as part of a wider program to expand phenol production capacity at its facility in Plock. Basic engineering design work on the IPA unit, including auxiliary systems and ancillary infrastructure, and the launch of a selection process for a general contractor are planned.

Oil Group has signed a Memorandum of Understanding with Porto do Açu for the development of a 20,000b/d modular refinery at the Açu port complex. The project is understood to be in the environmental licensing stage and CapEx is estimated at US$300 million. French companies Entrepose and Axens will oversee the project's design and engineering.

www.ogvenergy.co.uk I June 2020

WORLD PROJECTS

03 21

8

4

97

2

36

5

1

6

MALAYSIA - Petronas US$800mn

Samsung Engineering has been awarded an LoA by Sarawak Shell for the basic engineering design (FEED) of an onshore gas plant for the Rosmari-Marjoram development. The contract award is worth around $5 million and is for a facility with the capacity to process 800 MMcf/d of gas. Samsung will also be carrying out the EPC budget calculations.

7 8 9

QATAR - North Oil Company US$2bn

NORWAY - Aker BP US$120mn

MEXICO - Repsol US$1bn

WORLD PROJECTS SPONSORED BY

NOC has kicked off pre-qualification for four key EPC packages for the Gallaf 3 project. Offshore packages 5,6,7 and 8 have been offered by NOC as components of the Gallaf 3 development, involving substantial offshore fabrication work.

Aker BP is planning to invest NOK 1.2 billion ($120 million) into the development of the Graasel discovery. FID is planned for Q3 2020, with first oil expected a year later. The development will utilise existing infrastructure at the Tilje and Skarv BC east templates, most likely the re-use of one producer and one water injector.

Repsol has made two significant offshore oil discoveries in Polok-1 and Chinwol-1 exploration wells in Block 29 in the Salina Basin. Both wells confirmed high quality reservoirs with excellent properties, encountering net oil pay of 200 metres and 150 metres respectively. Repsol is reportedly considering the use of an FPSO in the development of the Polok and Chinwol discoveries.

www.the-eic.com