OGV Energy - Issue 53 - February 2022 - The Subsea Issue by OGV Energy

FEBAUGUST 2022 - ISSUE 2020 53

UK’s No. ENERGY SECTOR

PUBLICATION

THE SUBSEA ISSUE

GLOBAL ENERGY NEWS

FEATURING

WORLD PROJECTS MAP

Rotech Subsea - GUH - Proserv IK Group - Brimmond Group - Eelume Eodex - AISUS - V-TES Renewables SUBCMAR - Sword Group - Cognite Spectis Robotics

SUBSEA P.24

Subsea Expo 2022 makes welcome return to explore oceans of opportunity

OIL-PRICE P.18

OPEC expects the oil market to be wellsupported through 2022, despite the Omicron wave and the expected monetary tightening of major central banks

RENEWABLES P.36

RenewableUK highlights an exciting new Working Group designed to help boost the industry workforce for the future

MONTHLY THEME INNOVATION & TECH RENEWABLES CONTRACT AWARDS ON THE MOVE DECOMMISSIONING STATS AND ANALYTICS LEGAL & FINANCE EVENTS

FIND US AT STAND 2 22 - 24 FEBRUARY 2022 P&J LIVE, ABERDEEN

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CONTENTS

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COVER PARTNER

04 - Rotech Subsea - Expands team and unveils new cable jet trencher as it tools up for global expansion

COMMUNITY NEWS

08 - Latest updates from our OGV Community members

GLOBAL ENERGY NEWS 11 - UK North Sea 14 - Europe 16 - US 18 - Middle East

WORLD PROJECTS MAP

20 - EIC - World's latest project updates

MONTHLY THEME 24

22 - Subsea sector set for continued recovery in 2022 24 - GUH: Subsea Expo 2022 makes welcome return to explore oceans of opportunity 26 - Proserv: reputation for subsea excellence and innovation driving strong performance 28 - Spectis Robotics: Bridging the Gap between ROVs and AUVs 29 - J+S Subsea announced as finalist in prestigious Subsea Expo Awards

30 - SUBCMAR, a new recruitment company specialising in the subsea market, has been launched in Aberdeen 31 - EODEX expertly deliver all aspects of offshore UXO services

INNOVATION & TECH ZONE 32 - Intelligent Plant: get fast, easy access to analytics from anywhere

OUR DIGITAL INDUSTRY 35

34 - Sword Group: The Importance of strong foundations in realising the value of data 35 - Cognite: Industrial DataOps helps oil and gas industry cut costs and carbon

RENEWABLES 36 - RenewableUK highlights an exciting new Working Group designed to help boost the industry workforce for the future.

EVERY MONTH 40 - Contract Awards 42 - On the Move 44 - Decommissioning

46 - Stats & Analytics 50 - Legal & Finance 51 - Events

KENNY DOOLEY MAIN EDITOR Welcome to the February edition of OGV Energy Magazine, where this month we have a Subsea theme, in keeping with first big face-to-face energy event of the year in ‘Subsea Expo’ at the P & J live from Tuesday 22nd – Thursday 24th February. We are delighted to showcase some on the organisations who will be attending the Expo in this month’s publication and have provided a map of the exhibition hall to highlight where the OGV Community members will have stands on page 9. OGV Energy will also be present on stand 99, so please feel free to pop along and say hello! This month we are thrilled to welcome Rotech Subsea as our front cover partner and you can read all about their new RS1-3 jet trencher and RSBG boulder grab tools, as well as their new key appointments, on pages 4 and 5. We also have insights from the newly branded Global Underwater Hub, Proserv, Spectis-Robotics, Hiretech, J & S Subsea, V-TES, AISUS, Cognite and Sword Group.

Wish to feature in the upcoming OGV Energy publication focused on Innovation & Technology? Contact us to submit your interest: daniel.hyland@ogvenergy.co.uk

The rest of this month’s magazine as always provides you with a review of the Energy sector in the North Sea, Europe, the Middle East, the US and Australasia along with industry analysis and project updates from Westwood Global Energy Group, the EIC and Renewables UK. Thanks again to our readers for all their support as we look forward to a prosperous 2022.

VIEW THE OGV MAGAZINE ONLINE AT www.ogv.energy/magazine

COVER PARTNER

ROTECH SUBSEA EXPANDS TEAM AND UNVEILS NEW CABLE JET TRENCHER AS IT TOOLS UP FOR GLOBAL EXPANSION

Sector-leading excavation and trenching operator, Rotech Subsea, has announced a number of key appointments and has launched a new next generation jet trenching tool - whilst adding a new boulder grab to its range of capabilities - as it gears up to meet an upsurge in global demand.

2021 HIGHLIGHTS With the order book for 2022 filling up, taking Rotech Subsea’s suite of noncontact Controlled Flow Excavation, Suspended Jet Trenching tools to both new and established markets across the globe, the past 12 months has been one of the busiest periods on record for the company. Here are some of the highlights:

Rotech Subsea Business Development team: Alasdair MacLean, Stephen Cochrane and Kevin Ingram

As it was unveiling its new RS1-3 jet trencher and RSBG boulder grab tools, the Aberdeen-based subsea operator has also added Alasdair MacLean and Kevin Ingram to a new Business Development team headed up by Director of Business Development, Stephen Cochrane. In addition to bolstering its global business development presence, Rotech has made key project engineer, offshore team leader and marketing hires as well as recruiting a new intake of apprentices. Rotech Subsea’s new RS1-3 jet trencher is the latest next generation tool to be developed by the Controlled Flow Excavation (CFE) pioneer. Boasting higher soil cutting capabilities, the new tool has been purpose-built for cable trenching and will consolidate the company’s reputation for being the leader in cable trenching in Europe and beyond. The release comes as Rotech sees demand grow for primary cable scopes of work. The new RSBG spread of equipment - which has already been mobilised to Asia on a route clearance contract - is a boulder removal tool that enhances Rotech’s pre-commissioning offering. “With the latest round of hires we are really well positioned to meet growing global demand for our services,” said Director of Business Development, Stephen Cochrane. “Having listened to the market we have also unveiled two new additions to our suite of tools which helps us better service our client base, particularly in pre-commissioning and commissioning. We already enjoy a hardearned reputation as the go-to for IRM works in the sector. “In addition to the RS1-3 and RSBG, the latter of which has already been deployed to Asia alongside our TRS2 (for a sand wave clearance) and TRS1-LD (for shallow water trenching) jet trenchers, our research and development team are building a new tool specifically for the US market, again to meet client demand.” 2022 is set to be a busy year for Rotech Subsea and its industryleading RS range of trenching and excavation technology, which can deliver deeper, narrower, precision trenches with speeds more than double that of Mass Flow Excavation tools and other methods such as contact trenching systems and ploughs. The subsea contractor’s in-house research, development and engineering team has created a suite of 15 non-contact Controlled Flow Excavation (CFE), Suspended Jet Trenching tools with further game changing enhancements to CFE and related subsea services set to be unveiled.

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RS2 CFE pipeline trenching and IRM tool being deployed at an OWF

COVER PARTNER THAMES ESTUARY - Q3, 2021 TRS1-LD tool completed key de-burial and post-lay trenching works on 1,000m of subsea cable at the southern OWF for a major marine services player. The works further established the company as the sector-leader in controlled flow excavation (CFE) and suspended jet trenching. The TRS1-LD carried out the de-burial phase of the cable, which was 1-1.5m below seabed, in 2 passes. On the post-lay trenching phase the tool buried the cable to 1.75-2.1m in 1 pass.

FIND US AT STAND 2 22 - 24 FEBRUARY 2022 P&J LIVE, ABERDEEN

UK WATERS - Q3, 2021 Contracted by a major subsea engineering contractor, the TRS1 CFE tool delivered a critical de-burial and re-burial project on a vital UK infrastructure project. The subsea pioneer’s RSG-C tool was used for the grab, cut and recovery of the damaged section of the cable. The post-lay trenching phase saw the cable buried to a minimum of 0.6m below seabed. Positioned perpendicularly over the cable with nozzles angled marginally inwards, the TRS1 operated at a range of 3m, progressing at 3m/min.

NETHERLANDS OWF - Q3, 2021 Commissioned by a European subsea service provider, the RS2 CFE tool executed cable repair operations to de-bury approximately 800m of existing cable before carrying out the burial of new cable. In medium-dense to dense sand the stateof-the-art suspended jet trencher carried out the re-burial at a rate of 3–5m/min. For the cable burial the RS2 operated at 3–4m above seabed with the cable lowered to 1.5–2m below seabed level.

TRS1-LD shallow water jet trencher mobilised on another renewables work scope

SAINT-NAZAIRE - Q2, 2021 The RS2 controlled flow excavator completed significant export cable de-burial and re-burial works on the Saint-Nazaire OWF for a global submarine cable system giant. The RS2 was selected due to its high flow capabilities and ability to use varying nozzle sizes resulting in extremely efficient burial operations, whilst maintaining a narrow trench. The RS2 de-buried the cable in 1 pass at progress rates of 2-3m/min. Burial depth was achieved in 1 pass at 1-2m/min.

NORTH SEA - Q2, 2021 Called in after older Mass Flow Excavation technology had struggled to de-bury the cable, Rotech’s TRS2 was mobilised for major deburial and post-lay trenching works on a key interconnector for a leading cable player. The damaged cable was de-buried to allow for an omega loop to be laid then trenched in. The TRS2 was selected due to its high flow capabilities of 8000 l/s allowing for a large amount of material to be dispersed, leaving the trench open for cable extraction.

TAIWAN - Q2, 2021

2022 is set to be a busy year for Rotech Subsea and its industry-leading RS range of trenching and excavation technology

A return to Taiwan for a Tier 1 offshore energy construction giant - and long-term European client - for Phase 2 post-lay trenching works at a state OWF. Works consisted of burying 10 cables to 2m TOC, meaning a total of 4 export and 17 array cable had been buried in two phases. Operating at depths of 20-30ms, in soft sand to stiff clay, the TRS1 excelled, lowering the cable to client spec in 1 pass at 2m/min.

AMERICAS - Q1, 2021 Rotech Subsea’s first foray into the United States since returning to the sector (2015) with next generation technology following the 2011 sale of first generation tech that had taken the sector by storm. Breaking back into the Americas for a major player in the subsea cable installation and maintenance sector was viewed as a milestone achievement, with the RS2 system completing de-burial and re-burial of an OWF cable. The company’s new RSG-C cable grab and cutter tool was also successfully deployed.

TRS2 controlled flow excavation system deployed for post-lay trenching works in Taiwan

AUSTRALIA - Q1, 2021

Continuing its Southern Hemisphere dominance, the TRS1 successfully completed a major post-lay umbilical trenching scope for a global offshore services leader at the West Barracouta Development Project, offshore Melbourne. The TRS1 buried 6,000m of 118mm diameter umbilical to 0.6m top of cable. Operating in depths up to 50m LAT, soil conditions of medium to coarse grained sand and harder more cohesive soils were experienced, with the umbilical easily trenched to client spec in only 22 hours.

SCOTLAND - Q1, 2021 The RS2 completed a dock entrance silt clearance and pile de-burial scope at one of Scotland’s most strategic ports. The RS2 tool carried out the dispersal of silt accumulating along the dock sill gate, successfully clearing 0.6m depth of silt across the 120m entrance. The RS2 also de-buried four piles to 3m in depth and 8m in width - with an approximate evacuation time of 3 minutes per pile - to enable cutting operations.

TAIWAN - Q1, 2021 Rotech clinched a follow-on sandwave clearance and seabed levelling contract at a state-owned OWF bringing the number of active jobs in Asia to four. Won on the back of Rotech’s unrivalled European renewables track record, the high volume output TRS2 carried out 25 grid line excavations, lowering the seabed to allow vessel access. The sections levelled varied in height from 0.4 to 18m and were excavated at speeds of 4m/min and 10m/min. Once the works were completed the client retained the TRS2 on stand-by.

Rotech Subsea is a technology-driven group of companies providing innovative products to the oil & gas, energy, renewables and decommissioning sectors For more information visit www.rotech.co.uk

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restrictions lifted and the economy opened up there was a positive shift in recruitment from around April, and this really accelerated by the end of September. The final quarter of 2021 saw us return to pre-pandemic levels of recruitment activity.

Year Of Growth For TMM Recruitment Resilience during the pandemic has enabled TMM Recruitment to responsively adapt to demand for its services, creating business growth. Amanda McCulloch, Chief Executive of TMM Recruitment reflects: “At the beginning of 2021 I would have been sceptical if you’d told me the job market would rebound strongly. However, as

“This resulted in turnover growth of 12%, rising to £11.3 million. As employer confidence lifted the pattern of recruitment shifted too. We worked with over 240 employers last year and the number of temporary assignments filled by the team rose by 45% while permanent/fixed term contract placement activity rose by 62%. “All credit goes to the team, everyone has been incredibly resilient and flexible, adapting to change quickly, successfully adopting hybrid working and supporting each other in a way that reinforces our team spirit. I truly believe the way we work together is a key differentiator. “We strengthened our capabilities with the appointment of investment and finance experts Jock Gardiner and John Duncan to our Board. These appointments

Ashtead Technology bolsters rental fleet with investment in Innova multiplexers

Involve HR Announce Debbie Middleton as Business Development/Senior HR Advisor as business grows

International subsea equipment rental and solutions specialist Ashtead Technology has further strengthened its rental fleet with a significant investment in twelve new Matrix MK II+ multiplexers from Innova.

Debbie brings with her over 20 years’ experience working in the HR field, predominately within the Oil and Gas sector with operating and service companies and she also worked as HR Manager for a wellestablished local recruitment consultancy. Debbie’s role will include building successful relationships with new and existing clients, promoting the range of flexible HR services Involve HR provide and working with the partners of Involve HR and Client Manager to develop the business plan for further growth.

The Matrix is an established and proven stand-alone fibre optic multiplexer and control solution. It provides a simple plug and play interface for a large array of sensors and equipment to any remotely operated system offering reliable power management and strong diagnostic capabilities to help simplify and enhance the efficiency of survey operations.

New Year, New Office as LMS relocates to new Aberdeen headquarters Intelligent lifting equipment specialists, LMS (Load Monitoring Systems Ltd), has upsized its UK operations by relocating its Aberdeen headquarters. LMS has moved into the 7,700 sq.ft modern office building in Aberdeen Energy Park amid a period of sustained growth. The company design, manufacture sell and rent intelligent lifting products and load measurement equipment, used globally in a wide variety of industry sectors where continual load monitoring, measurement, calibration and testing is required.

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Re-Gen Robotics completes £1million HQ Leading robotic tank cleaning company, Re-Gen Robotics has completed a £1million Headquarters in Newry, Northern Ireland, as it progresses an ambitious growth strategy. In addition to high specification offices, a hi-tech engineering and robotics hub has been designed to house the company’s research and development facility with bays installed to service their growing number of robots and tankers.

coincided with the launch of our leadership Executive Search service mid-way through the year, in June. “During the pandemic, there was consolidation within the recruitment market. However, as a local independent agency our strengths lie in the breadth of service we offer, working across 10 specialisms from Accountancy to Trades; our market knowledge; diverse client base, and our long history of dedicated customer care. "Despite the unpredictable environment in which we are all working right now, it has been a busy start to the year. Skills shortages, candidate availability, talent attraction, and effective leadership are universal concerns for employers who engage with us. We're receiving a number of inquiries to support the recruitment of key personnel at businesses taking proactive steps to leverage the energy transition, and proposal requests for C-suite and board-level consultancy work are very encouraging and reflect the need for an alternative approach to executive resourcing.

Multimillion Dollar Deals Spark Team Expansion An Aberdeen-based company which specialises in the manufacture of torque machines has strengthened its team in the UK and US after securing work worth in excess of $2 million in the last few weeks of the year. Enerquip, who manufacture torque machines at their facilities in Aberdeen and Caithness, have reported the positive end to another year in which exports have played a significant part in revenue, accounting for some 95% of work in 2021.

Brimmond Group announces new distribution deals with Heila Marine Cranes and KAMAT Brimmond Group, the Aberdeenshire-based provider of hydraulic, lifting and mechanical equipment and services, has announced an exclusive deal to become the official UK and Ireland distributor for Heila Marine Cranes (Heila). Heila is a global leader in the manufacture of specialist heavy-duty cranes with over 700 customers worldwide. Through the agreement, Brimmond Group is the exclusive provider and servicer of Heila marine cranes and crane parts across existing and future UK and Ireland customers.

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ENERGY NEWS

FEBRUARY 2022

UK NORTH SEA

Energy Review By Tsvetana Paraskova

The government’s launch of a consultation on the climate compatibility of new oil and gas projects, the gas price surge and its effect on energy bills, and a lot of drilling and development updates marked the first few weeks of 2022 in the UK North Sea oil and gas industry.

The organisers of the SPE Offshore Europe conference, which was scheduled to be held live in Aberdeen in early February, was postponed and the full conference and exhibition was rescheduled to 5-8 September 2023. The decision for the postponement was taken in early January, due to the Covid situation and in line with the Scottish Government guidance on the situation. “We will have discussions with industry and our stakeholders about the possibility of holding an event focused on the energy transition in Aberdeen later in 2022. This would build on the extensive, high-quality content that we had lined up for February to support a fair energy transition,” Jonathan Heastie, Portfolio Director – Energy & Marine at RX (Reed Exhibitions), co-organiser with the Society of Petroleum Engineers (SPE) of SPE Offshore Europe, said. But Subsea Expo, the world’s largest annual subsea exhibition and conference, is set to go ahead and be held live as it returns to Aberdeen at P&J Live, 22 - 24 February 2022. The UK High Court ruled in January in favour of the Oil and Gas Authority (OGA) in a lawsuit brought last year by environmental campaigners, who had argued that OGA’s strategy of maximum economic recovery of petroleum while supporting the net-zero emissions goal by 2050 was “unlawful” and “irrational”. Justice Cockerill dismissed the case of the environmentalists, rejecting “the contention that the Strategy is unlawful because the definition of "economically recoverable" was irrational.” OGA welcomed the judgment and said “We remain firmly focused on regulating and influencing the oil, gas and carbon storage industries to both secure energy supply and support the transition to net-zero.”

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The OGA welcomed the launch of the UK government’s consultation.

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“We welcome the launch of this consultation. Alongside the net-zero test the OGA is applying to our decisions such as field developments, these proposals recognise the important role of industry in helping meet the UK’s energy needs while accelerating the energy transition to netzero,” said Dr Andy Samuel, Chief Executive of the OGA.

Equinor said in January it had revised down its estimate of the total recoverable reserves in the Mariner field from an earlier assessment of approximately 275 million barrels to about 180 million barrels. The revision will result in an impairment in the region of US$1.8 billion which will be reflected in IFRS net operating income for Equinor’s Exploration and Production International segment in Q4 2021 results.

OGUK, the leading body for the UK offshore oil and gas industry, also welcomed the launch of the consultation.

Kistos noted at the end of December recent press speculation in relation to the company and confirms that it is a participant in a process being run by TotalEnergies to sell interests in certain of Total’s West of Shetland gas assets.

“Our industry welcomes the transparency that a checkpoint for future BEIS licensing decisions provides. It is vital that this checkpoint is robust and ensures that future licensing rounds are compatible with the UK’s climate change ambitions, while maintaining investor confidence in the UK Continental Shelf,” Katy Heidendreich, OGUK Supply Chain & Operations Director, said.

Wood secured around $160 million in UK North Sea contracts in Q4 2021, strengthening its position as the leading partner for operations solutions in the region, following a series of contract awards with key clients, including Shell UK and Dana Petroleum. Neptune Energy announced at the end of December the award of a two-year contract extension to Petrofac for engineering services for the Neptuneoperated Cygnus Alpha and Bravo platforms in the UK Southern North Sea.

At the end of December, the Aberdeen & Grampian Chamber of Commerce, the Scottish Chamber of Commerce, and the British Chamber of Commerce called for a “reasoned debate” over the future of the UK’s oil and gas industry.

IOG plc said on 10 January that drilling operations had continued at Southwark since the first development well was spudded on 30 December 2021. However, the Noble Hans Deul rig experienced an increasing challenge with seabed conditions that, if not remediated, would compromise rig stability, the company said.

In response to the letter of the business leaders, Energy and Climate Change Minister, Greg Hands, said that the government remains “absolutely committed” to the sector, its 200,000 jobs, and to the North Sea Transition Deal. “There will continue to be an ongoing need for oil and gas over the coming decades while we transition to low carbon alternatives,” Business and Energy Secretary Kwasi Kwarteng said. “Turning off domestic supply overnight isn’t the answer,” Kwarteng added as he quoted minister Hands’ letter to the business leaders. “We’re backing the oil and gas sector to decarbonise in a way that protects jobs and energy security,” Kwarteng noted. The burden of the high energy prices could be lowered if the UK government imposes a one-off “windfall tax” on oil and gas operators in the North Sea, opposition politicians suggested in early January. OGUK commented on this proposal, saying that “a one-off ‘windfall tax’ on the UK’s offshore oil and gas operators would cause irreparable damage to the industry and leave consumers even more exposed to global shortages, the industry’s leading body has warned.” “This idea is offering consumers false hope – and the risk of real long-term damage to UK Plc,” Jenny Stanning, OGUK External Relations Director, said. “In the longer-term a windfall tax would also be the worst thing for consumers because it would damage competitiveness, and discourage energy companies from investing in the UK. That would reduce our energy security and make us even more dependent on imports from places like Russia and the Middle East,” Stanning added.

Kwasi Kwarteng

Secretary of State for Business, Energy and Industrial Strategy, UK

“There will continue to be an ongoing need for oil and gas over the coming decades while we transition to low carbon alternatives,”

“This is a frustrating but absolutely necessary step to ensure we can drill and complete the Southwark production wells in a fully safe manner, which is always our foremost priority. Our team is working around the clock with our drilling contractors Noble Corporation and Petrofac to minimise the interruption and resume the Southwark drilling programme at the earliest opportunity,” Andrew Hockey, CEO of IOG, said. Harbour Energy will assess the commerciality of the Dunnottar project after “marginal accumulations” were found at the prospect after the drilling of the exploration well in the UK North Sea was completed. Baird Capital’s global private equity team announced on 18 January an investment in Scotland-based Subsea Technology & Rentals (STR), which will allow STR to develop its equipment and service offerings through organic and acquisition-lead growth. The investment, the terms of which were not disclosed, will also enable STR to further expand its geographical reach, with the Americas, mainland Europe, and Southeast Asia being a key focus for the company, supporting the rapidly growing offshore wind sector, STR said. Serica Energy has contracted a rig for the drilling of the high-impact North Eigg exploration well in the summer of 2022, the company said in a corporate update on 20 January. North Eigg is a gas prospect located close to Serica’s BKR fields and it is expected that a successful discovery could be tied back to existing infrastructure in a carbon neutral manner. Serica also plans a well intervention campaign to take place this year to improve the production potential of several Bruce and Keith wells in the coming years.

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COMPLETES LARGEST REEL BUILD TO DATE Rental equipment firm Hiretech Limited has completed the build of its largest IWOCS rental reel to date. The reel was designed and built in less than 12 weeks at the company’s headquarters at Fintray near Dyce, to meet a client deadline, prior to shipment to West Africa. Andy Buchan, CEO at Hiretech, commented, “With a capacity for 2,500m of 115mm umbilical for subsea well installation and workover control systems, this is our largest powered umbilical reel build to date. Using proven Hiretech technologies, we were able to guarantee our delivery date against the uncertainties currently experienced in the supply chain. The design includes client specified interfaces to enable a smooth and efficient deployment once on location.” Hiretech Limited, which offers equipment rental and personnel supply to support hydraulics, well service, pipeline, chemical cleaning, decommissioning, subsea and renewable activities, has gained credibility through the successful delivery of a range of global projects. The company’s rental range includes pumping spreads, umbilical reels, subsea shears, grabs and ancillary equipment, as well as personnel hire to support onshore and offshore operations.

ENERGY NEWS

Europe Energy Review By Tsvetana Paraskova

Another record in European natural gas prices, acreage awards and development plans on the Norwegian shelf, and the results of the major offshore wind auction in Scotland were the key themes in Europe’s energy in the past month.

Oil & Gas Natural gas prices in Europe surged to a fresh record-high at the end of 2021, and continued to be volatile at the start of 2022, driven in opposite directions by an influx of LNG cargoes and persistently low Russian supply. At the same time, major gas and LNG traders such as Shell said they would benefit from the high prices. Shell expects its trading and optimisation results in the Integrated Gas division to be significantly higher compared to the third quarter 2021. However, Shell’s Oil Products Trading and optimisation results are expected to be significantly lower than the third quarter 2021. Norway offered in January 53 new production licences on the Norwegian continental shelf in the licensing round APA 2021—the annual exploration round in the most mature areas on the Norwegian shelf. The 53 production licenses include 28 in the North Sea, 20 in the Norwegian Sea, and five in the Barents Sea. A total of 28 different oil companies, from large international companies to smaller Norwegian exploration companies, were offered shares in one or more of these licenses, while 15 companies were offered one or more operatorships. “This award is an important contribution to maintain future exploration activity and

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to make new, profitable discoveries,” said Minister of Petroleum and Energy Marte Mjøs Persen. Equinor was awarded 26 new production licences, 12 licences as operator and 14 licences as partner. “We continue an active exploration strategy but focus on maximising value creation overgrowth and volume. At least 80 per cent of our exploration resources and investments will be concentrated around existing infrastructure – so-called near-field or infrastructure-led exploration,” said Jez Averty, Equinor’s senior vice president for subsurface in Exploration & Production Norway. Norway reaped record-high revenues from its oil and gas resources last year, the Norwegian Petroleum Directorate said in its annual overview of activity on the shelf. “The combination of high production of oil and gas from a total of 94 fields, significant demand and high commodity prices led to a historically high level on the State's export revenues from petroleum. Much of this is due to record-high gas prices,” the directorate said. Production in 2021 was around 4 million barrels of oil equivalent per day (boepd), slightly up from 2020.

Five fields started production in 2021 – Duva, Yme (older field which was restarted), Solveig, Martin Linge in the North Sea, and Ærfugl in the northern Norwegian Sea. Eight development plans (PDOs) were submitted in 2021, and companies are expected to submit dozens of PDOs this year, the directorate said. Lundin Energy AB and AkerBP have reached an agreement under which AkerBP would buy the oil and gas business of Lundin Energy, through a statutory merger, to create a leading European independent E&P company. bp, which currently holds a 27.9% interest in Aker BP, welcomed the proposed deal. “We welcome and support this proposed acquisition, which will strengthen and significantly enhance the long-term future of Aker BP and our continuing relationship with Aker,” bp chief executive Bernard Looney said. Equinor announced in early January it had discovered oil in the Troll and Fram area in exploration wells in the Toppand prospect. Preliminary calculations of the expected size indicate around 21–33 million barrels of recoverable oil equivalent. “We also regard this discovery to be commercially viable and will consider tying it to the Troll B or Troll C platform. Such discoveries close to existing infrastructure are characterised by high profitability, a short payback period and low CO2 emissions,” said Geir Sørtveit, senior vice president for exploration & production west operations. Neptune Energy announced in mid-January first gas production from its operated Adorf Z16 development well in the municipality of Hoogstede in north western Germany.

Europe Low-Carbon Energy

maximise supply chain opportunities all around the UK. It also underlines the need to speed up the planning process, so that we can connect these offshore wind farms faster across the UK to meet our targets for 2030 and beyond”.

Crown Estate Scotland announced on 17 January the outcome of the application process for ScotWind Leasing, the first Scottish offshore wind leasing round in over a decade and the first ever since the management of offshore wind rights were devolved to Scotland.

The Port of Cromarty Firth hailed the massive expansion of the Scottish offshore wind sector that will follow the ScotWind leasing round as “a game-changing opportunity for the Highlands and Scotland.”

Crown Estate Scotland selected 17 projects out of a total of 74 applications. The selected projects have now been offered option agreements which reserve the rights to specific areas of seabed. A total of just under £700 million will be paid by the successful applicants in option fees and passed to the Scottish Government for public spending. Major oil and gas firms, as well as power and renewables companies, had their bids selected in ScotWind, including consortia led by bp, Shell, Scottish Power Renewables, and Vattenfall. Five of the projects, including bp’s, are for fixed offshore wind technology, while the others will be floating. “Today’s results are a fantastic vote of confidence in Scotland’s ability to transform our energy sector,” Simon Hodge, Chief Executive of Crown Estate Scotland, said. “In addition to the environmental benefits, this also represents a major investment in the Scottish economy, with around £700m being delivered straight into the public finances and billions of pounds worth of supply chain commitments. The variety and scale of the projects that will progress onto the next stages shows both the remarkable progress of the offshore wind sector, and a clear sign that Scotland is set to be a major hub for the further development of this technology in the years to come,” Hodge added.

“We’ve secured one of the biggest and most prized projects available. The Morven development will be designed with the capacity to generate enough renewable energy to power more than 3 million homes - and will be around 60km off the coast of Aberdeen,” bp’s Looney commented on the successful ScotWind bid. “But we’re not stopping there. We will make Aberdeen our global operations centre for offshore wind – so we have the best people and skills to do the job. And we plan to expand electric vehicle charging and produce green hydrogen in the country. All together we expect that to support up to £10 billion of investment,” Looney added. RenewableUK’s Deputy Chief Executive Melanie Onn said, commenting on the ScotWind leasing process: “Overall it’s a massive economic boost for the whole country at just the right time. These projects will attract billions of pounds from private investors, which will create thousands of skilled jobs and allow us to

“The Port of Cromarty Firth is primed and ready to take advantage of the opportunity with the winning developers, alongside our partners in Opportunity Cromarty Firth (OCF), collaborating to provide a sustainable economic impact in the Highlands for years to come,” said PoCF chief executive, Bob Buskie.

The UK government launched in January a new programme, backed with £5 million in government funding, to help develop innovative technologies to produce hydrogen from sustainable biomass and waste through the so-called BECCS (bioenergy with carbon capture and storage). EDF Renewables UK has announced a joint venture partnership with renewable project developer DP Energy, to generate up to 1 GW of low-carbon green energy in the Celtic Sea from the proposed ‘Gwynt Glas’ floating offshore wind project. The project is likely to span English and Welsh waters and is expected to provide power for approximately 927,400 homes. Lightsource bp and Portuguese gas utility Dourogás have agreed a green hydrogen joint venture to invest in solar and hydrogen infrastructure in Portugal. The partnership will explore the potential of eight green hydrogen sites. Hero Future Energies and Ohmium International announced in early January a strategic partnership to develop and build 1,000 MW of green hydrogen production facilities in India, the UK, and Europe. RWE and Northland Power have joined forces to co-develop a 1.3 gigawatt (GW) cluster of offshore wind farms in the German North Sea. thyssenkrupp will install a 200-MW green hydrogen facility for Shell in the port of Rotterdam under a contract which will see thyssenkrupp Uhde Chlorine Engineers engineer, procure, and fabricate a 200 MW electrolysis plant based on their large-scale 20 MW alkaline water electrolysis module. First construction work for the electrolysers will likely begin in the spring of 2022. Shell’s final investment decision to build the ‘Holland Hydrogen I’ projXect is expected this year, after which the intended start of production will be in 2024, thyssenkrupp said.

ENERGY NEWS

ENERGY REVIEW

Oil and gas activity and production is rising in the United States, but so are cost pressures. Most exploration and production companies, as well as services firms, operating in Texas and New Mexico, expect to increase their capital spending in 2022 compared to 2021. Activity in other oilproducing US states has been also growing moderately lately, surveys from the Federal Reserve Banks of Dallas and Kansas City showed. By Tsvetana Paraskova

Output of oil and gas from the seven key shale plays is rising, while production in the US Gulf of Mexico is set for a new record this year with more offshore platforms coming on stream. Meanwhile, the American Petroleum Institute (API) called on Congress and the Administration to adopt policies to encourage development of responsibly produced domestic energy and design regulatory policies that provide certainty and incentivise investment in the oil and gas sector.

www.ogv.energy I February 2022

Cost pressures in US oil, gas sector intensify The oil and gas sector in the Eleventh Federal Reserve District, which includes Texas, northern Louisiana, and southern New Mexico, continued growing in the fourth quarter of 2021, the Dallas Fed Energy Survey showed at the end of December. The business activity index—the survey’s broadest measure of conditions facing energy firms—remained

elevated at 42.6, essentially unchanged from its third-quarter reading. Oil production increased at a faster pace than in Q3. However, costs rose sharply for a third quarter in a row. Among oilfield services firms, the index for input costs increased to a record high of 69.8, suggesting significant cost pressures. Only one of the 44 responding oilfield services firms reported lower input costs in Q4.

US Among E&P firms, the index for finding and development costs rose from 33.0 in the third quarter to 44.9 in the fourth quarter. Additionally, the index for lease operating expenses also increased, from 29.4 to 42.0. Both of these indexes reached their highest readings in the survey’s five-year history, the Dallas Fed said.

Spending set to rise in 2022 The special questions in the Q4 survey focused on capital spending in 2022, and showed that most executives expect a slight or significant increase in their firm’s capital spending this year. A total of 44% of executives said they expect capital spending to increase slightly, and an additional 31% anticipate a significant increase. Sixteen per cent expect spending in 2022 to remain close to 2021 levels, and only 8% expect reductions in spending in 2022. Among services firms, 48% of executives expect capital spending to increase slightly, while 24% see significant rises in expenditure this year compared to 2021. Referring to the primary goal of the firms this year, the most-selected response among small firms was “grow production,” whereas the most-selected response among large firms was “reduce debt,” the Dallas Fed survey showed. In comments to the survey, executives pointed to punitive federal regulations and uncertainty in the sector due to politics in Washington. “The political pressure forcing available capital away from the energy industry is a problem for everyone. Banks view lending to the energy industry as having a “political risk.” The capital availability has moved down-market to family offices, etc., and it is drastically reducing the size and availability of commitments regardless of commodity prices,” one E&P company executive wrote in the comments.

wages and benefits index rose to a new survey record-high. Supplier delivery time inched up while access to credit growth eased, the survey found. Similarly to the firms in Texas, those in other oil-producing states such as Kansas, Colorado, Nebraska, Oklahoma, and Wyoming also expect their capital spending to rise this year. Almost 20% of firms expect capital spending to increase significantly compared to 2021, while another 50% anticipate slight increases. Only 6% of firms expect capital spending to decline this year versus 2021. “Not enough new reserves are being drilled to replace existing production,” said one firm, while another comment reads “Inflation is hitting the equipment purchases for new wells.” Another firm noted “Pressure to moderate spending from investors.”

Record Production in the Permian

The drilling and business activity index moved from 39 to 31, with positive levels indicating expansion. In addition, the total revenues index remained elevated, and the

Since then, both private and public producers have followed a similar rig activity trend, as many public independents have accelerated their additions in the fourth quarter to prepare for next year’s completions given the sharp drawdown of the drilled but uncompleted (DUC) well inventory,” Rystad Energy said.

In the US Gulf of Mexico, production from the deep water is set to hit a new record high in 2022, with three significant new platforms coming on stream. Output in 2022 will average about 2.3 million barrels of oil equivalent per day, up from about 1.3 million In the US Gulf of boe/d in 2012, according to Wood Mackenzie estimates. Mexico, production Operators have cut costs from the deep significantly to make projects viable at much water is set to hit a lower oil prices, typically around $40 a barrel. With new record high in Brent crude at around $85, 2022 those new projects look likely to generate healthy returns, WoodMac’s Ed Crooks, Vice-Chair, Americas, notes.

The Permian, the largest US shale play, saw its crude oil production rise to a record at the end of December and is expected to further grow to 4.996 million barrels per day (bpd) in January and to 5.076 million bpd in February, the January Drilling Productivity Report from the US Energy Information Administration showed. US oil production from the seven major shale plays is expected to rise from an estimated 8.436 million bpd in January by 104,000 bpd to reach 8.540 million bpd in February. Gas production is also set to increase, with Haynesville and the Permian leading the growth, the report showed. The number of drilled but uncompleted wells (DUCs) across the seven major shale regions dropped by another 214 to 4,616 in December.

“This is the lowest DUC inventory since March 2014 and suggests that oil producers will not be The political able to rely on this inventory to sustain production - we pressure forcing will need to see a pickup available capital away in drilling activity,” ING strategists Warren from the energy Patterson and Wenyu Yao said, commenting on the industry is a problem DUCs data in EIA’s report.

In the Tenth District – encompassing the western third of Missouri, all of Kansas, Colorado, Nebraska, Oklahoma, and Wyoming, and the northern half of New Mexico – energy activity expanded moderately in Q4 from Q3 for and increased further from year-ago levels. Expectations for future activity remained strong. Firms reported that oil prices needed to be on average $73 per barrel for a substantial increase in drilling to occur, and natural gas prices needed to be $4.27 per million Btu, the energy survey of the Federal Reserve Bank of Kansas City showed in early January.

everyone

Based on the current rig programme, private operators in the US are positioned for growth in tight oil output of 550,000 bpd and 4.8 billion cubic feet per day (Bcfd) of shale gas between the fourth quarters of 2021 and 2022, Rystad Energy said in a December 2021 newsletter. “Private operators significantly outperformed their public peers on the speed of rig count additions in the first half of 2021, reached an outstanding share of about 50% of the horizontal US onshore market this summer.

The three new platforms that are scheduled to start production in the Gulf of Mexico this year are BP’s Argos, Shell’s Vito, and King’s Quay, which will be operating at Murphy Oil’s Khaleesi-Mormont and Samurai fields—with all three projects given the go-ahead before the pandemic. Despite recovering oil production to meet growing demand, the oil lobby API called on Congress and the Administration to adopt policies to strengthen American energy leadership while building on the progress the US has made in reducing emissions to generational lows. “Our nation has the resources and expertise it takes to meet our energy needs, support millions of jobs, continue to address the risks of climate change, and keep America free from the dangers of dependence on unreliable foreign sources. Even so, we begin 2022 with Americans viewing energy and its costs as major concerns. This is in part because lately, we’ve seen policies aimed at restricting production and delivery of U.S. natural gas and oil,” API President and CEO Mike Sommers said. “America should not be in the position of asking for foreign energy supplies, especially when we have abundant resources produced to standards that are among the highest in the world, right here at home,” Sommers added in his State of American Energy Keynote Address in January. Sommers called on Congress and the Administration to implement policies to address climate change, encourage development of responsibly produced domestic energy, and craft regulatory policies that provide certainty, unleash private investment and build on industry technological progress, including on methane emissions.

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OPEC+ decided to proceed with its monthly production increases, Saudi Arabia cut the prices of its oil to Asia, OPEC believes the market will be well-supported through 2022, companies signed major oil, gas, and renewable development deals, and an attack on the United Arab Emirates (UAE) marked the first weeks of the New Year in the Middle East’s energy sector.

OPEC+ continues to unwind cuts The OPEC+ group of oil producers decided in early January to proceed unwinding the collective oil output cuts by another 400,000 barrels per day (bpd) in February, signaling confidence in global oil demand despite the Omicron wave of record-high COVID cases in many countries. So in February, the OPEC+ group will be allowed to pump up to 40.894 million bpd, of which 24.808 million bpd for the ten OPEC members of the OPEC+ pact and 16.086 million bpd for the non-OPEC producers part of the deal. Yet, analysts have been warning for weeks that many members in the OPEC+ group, especially African OPEC members, do not have the capacity to increase their production and pump to their quotas. This will lead to fewer actual barrels coming on the market than the 400,000-bpd planned monthly production increase from OPEC+. Moreover, higher production has started to shrink the spare capacity globally, most of which is located in the Middle East—another bullish factor for the oil market these days.

www.ogv.energy I February 2022

Following the OPEC+ meeting, Saudi Arabia reduced its official selling prices (OSPs) to Asia for February, having hiked those prices in the two previous months. All Saudi grades sold in Asia in February will see their official selling prices reduced by between $1.00 and $1.30 per barrel. Industry officials had widely expected a cut in Saudi prices for Asia for February, after the large increase n OSPs for January.

OPEC confident in oil demand in 2022 OPEC expects the oil market to be wellsupported through 2022, despite the Omicron wave and the expected monetary tightening of major central banks, including the Fed, the organization said in its Monthly Oil Market Report (MOMR) on 18 January. OPEC left its global oil demand growth forecast for 2022 unchanged at 4.2 million bpd, expecting average global consumption to reach 100.8 million bpd and exceed preCOVID levels. The impact of the Omicron variant on oil demand turned out weaker than OPEC had

expected, the cartel said and adjusted its oil demand forecast for the fourth quarter of 2021 higher, “mainly to account for strongerthan-expected demand in Americas and the Asia Pacific and despite the emergence of the new COVID -19 variant (Omicron).”

“In summary, monetary actions are not expected to hinder underlying global economic growth momentum, but rather serve to recalibrate otherwise overheating economies. With an ongoing robust oil demand forecast, and the continuing efforts of OPEC Member Countries and non-OPEC countries participating in the DoC, the oil market is expected to remain well-supported throughout 2022,” OPEC said in its monthly report for January. For yet another month, OPEC’s production increase was lower than what it is entitled to under the deal, per secondary sources in the organization’s report. OPEC’s crude oil production rose by 170,000 bpd in December, lower than the 253,000-bpd allowed monthly increase under the OPEC+ agreement.

Middle East

Houthi attack on UAE raises risk premium in oil An attack on the United Arab Emirates (UAE), claimed by the Iran-aligned Houthi rebels in Yemen, raised the geopolitical risk premium from the Middle East as the market started fretting about renewed tensions in the region and a possible effect of those tensions on the ongoing talks in Vienna about the US and Iran returning to the so-called nuclear deal. An attack with drones on 17 January, for which the Houthis claimed responsibility, killed three people, and blew up fuel tanker trucks near storage facilities owned by the Abu Dhabi National Oil Company (ADNOC). The three victims were employees at ADNOC, the company confirmed in a statement, adding that “We are working closely with the relevant authorities to determine the exact cause and a detailed investigation has commenced.” The attack, alongside simmering tensions between Russia and the West over Ukraine, pushed oil prices to the highest since October 2014 as market participants moved their focus from the (so far unfounded) Omicron threat to oil demand to the geopolitical risk premium in prices. Source: www.arabnews.com

Deals & projects Shell, along with its partners, OQ and Marsa Liquefied Natural Gas LLC, a joint venture between TotalEnergies and OQ, signed at the end of 2021 a concession agreement with Oman to develop and produce natural gas from Block 10. The parties also signed a separate gas sales agreement for gas produced from the block.

“These agreements represent a major step for Shell and for our relationship with Oman. They generate value and strengthen our Integrated Gas business, which we need to deliver the energy Oman and the world need today. And we are looking at how Shell can help Oman with developing low-carbon energy in the future,” said Wael Sawan, Shell Integrated Gas, Renewables and Energy Solutions Director. ADNOC announced in early January the award of a $946 million Engineering, Procurement, and Construction (EPC) contract for the strategic long-term development of its Umm Shaif field. The investment supports ADNOC’s plan to boost its oil production capacity to 5 million bpd by 2030, as the scope of the award covers engineering, procurement, fabrication, installation, and commissioning activities required to maintain Umm Shaif’s 275,000bpd crude oil production capacity, increase efficiencies, and enhance the field’s longterm potential. ADNOC and Abu Dhabi National Energy Company PJSC (TAQA) have also

announced a $3.6 billion strategic project to significantly decarbonize ADNOC’s offshore production operations. The project will see the development and operation of a first-of-its-kind high-voltage, direct current (HVDC-VSC) subsea transmission system in the Middle East and North Africa region. The system will power ADNOC’s offshore production operations with cleaner and more efficient energy, delivered through the Abu Dhabi onshore power grid, owned and operated by TAQA’s transmission and distribution companies. TotalEnergies, Masdar, and Siemens Energy announced on 19 January a collaboration agreement to act as co-developers in a Masdar-led demonstrator plant project focused on green hydrogen to produce sustainable aviation fuel (SAF).

“In this project, TotalEnergies brings its expertise in renewables energy as well as SAF manufacturing and marketing advanced sustainable fuel production with the aim of acting directly on the carbon intensity of the energy products used by our customers,” said Francois Good, Senior Vice President, Refining and Petrochemicals Africa Middle East and Asia at TotalEnergies. McDermott International said on 10 January it had won a mega offshore contract from QatarEnergy to deliver engineering, procurement, construction and installation (EPCI) for the North Field East (NFE) Topsides and the North Field East (NFE) Offshore Pipelines and Subsea Cables projects. The North Field East development is

vital to Qatar’s plans to boost its LNG processing and export capabilities. bp and the Ministry of Energy and Minerals in Oman signed on 17 January a Strategic Framework Agreement (SFA) and a Renewables Data Collection Agreement which will support the potential development of a multiple gigawatt, world-class renewable energy and green hydrogen development in Oman, by 2030.

“Today’s agreement represents what bp is able to offer as an integrated energy company. These projects will build on our gas business, and bring wind, solar and green hydrogen together in a distinctive and integrated way supporting Oman’s low carbon energy goals,” bp’s chief executive Bernard Looney said. Saudi Aramco, the world’s largest oil company and single largest oil exporter globally, announced the acquisition of 30 % in a 210,000 barrels per day refinery in Gdansk, Poland, 100 % in an associated wholesale business, and 50 % in a jet fuel marketing joint venture with bp. The investment of Saudi Arabia’s oil giant is an expansion of its downstream activities in Europe in a region traditionally dominated by oil supplies from Russia.

“The investments will widen Aramco’s presence in the European downstream sector and further expand its crude imports into Poland, which aligns with PKN Orlen’s strategy of diversifying its energy supplies,” the Saudi company said.

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MOROCCO- CHARIOT OIL & GAS Anchois Gas Discovery $400 million

Chariot Oil and Gas has announced the result of the Anchois-2 appraisal well. The well has been safely and efficiently drilled to a total measured depth of 2,512 metres by the Stena Don drilling rig in 381 metres of water. It is understood that the well has a calculated net gas pay that totals more than 100 metres. The initial concept for development of the field involves two to three wells tied back with a 14-inch pipeline to an onshore central processing facility.

MALAYSIA - Petronas Hadrah-1 Gas Discovery $100 million

BRAZIL- Petrobras Três Marias Exploration Block $3.5 billion

The Hadrah-1 well was successfully drilled to a total depth of 1,850 metres in November 2021 and encountered gas within an approximately 200-metre thick sequence of high-quality sandstone and carbonate reservoirs. The Hadrah-1 discovery was Petronas's third gas discovery in the shallow waters of the Balingian province in 2021 after Sirung-1 and Kulintang-1.

Petrobras has found traces of natural gas at the 1-BRSA-1382DRJS well at Três Marias. The well was located at a water depth of 2,223 metres. Três Marias is planned to feature a 150,000b/d FPSO linked to eight production wells and eight water-alternatinggas (WAG) injection wells.

www.ogv.energy I February 2022

5 UAE - ADNOC Umm Shaif – Long Term Development Project – Phase 1

$2 billion NPCC has been awarded a $946 million EPC contract by ADNOC. The scope of the contract covers engineering, procurement, fabrication, installation and commissioning activities required to maintain the field's 250,000 b/d crude oil production capacity, increase efficiencies and enhance the field's long-term potential. The EPC contract, is due to be completed in 2025 and comprises two packages.

SPAIN - LAFARGEHOLCIM ECCO2 CCUS Project $100 million LafargeHolcim, Carbon Clean and Sistemas de Calor are partnering together to deliver Carbon Clean's technology at LafargeHolcim's cement plant in Almería, Spain. The installation will initially capture 10% of the 700,000 tonnes of CO2 emissions by the plant, with plans to capture 100 % eventually and equip LafargeHolcim's other four cement plants in Spain with similar systems. The plant is expected to come online in early 2023.

6 Guyana - ExxonMobil Greater Yellowtail Area Development $9 billion ExxonMobil has awarded Saipem a contract for the engineering, procurement, construction and installation (EPCI) of subsea umbilicals, risers and flowlines (SURF) for the project. It is understood that Saipem's Guyana facility will fabricate deepwater structural components, while the company's FDS2 pipelay vessel will conduct installation work.

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QATAR - Qatar Energy North Field Expansion Project US$4 billion

Qatar Energy announced the award of the EPCI contract for the offshore scope of the North Field Expansion project to McDermott. The scope for the awarded contract includes 13 normally unmanned wellhead platforms topsides (8 for NFE and 5 for NFS) with various connecting pipelines and the shore approaches for the NFE pipelines, beach valve stations and buildings. Four wellhead topsides and all subsea infrastructure will be fabricated in Qatar Welding & Fabrication Supplies (Q-FAB). The remaining fabrication work will be performed at McDermott's facility located in Batam, Indonesia.

NORWAY - Equinor Smørbukk North Gas/Condensate Discovery - Subsea Tie-Back US$170 million

TAIWAN - Taipower Offshore Wind Farm Changhua South Phase II US$2.1 billion

TechnipFMC has been awarded an integrated Engineering, Procurement, Construction and Installation (iEPCI) contract for Smorbukk North. The contract covers a high-pressure, hightemperature subsea production system and associated equipment for a brownfield tieback in the Åsgard field. The discovery is located in 300 metre water depth and has an estimated volume of the discovery is in the range of 25-47 MMboe.

Development of an offshore wind farm with a total installed capacity of 300MW. Developers Taipower and Foxwell have selected the localised Vestas V174-9.5MW wind turbines for the project. The supply and service agreements for the offshore wind farm have been signed.

10 AUSTRALIA - Woodside Vorwata CCUS Project US$5.7 billion Two major EPCs have been confirmed as being awarded. McDermott International has been awarded an engineering, procurement, construction, installation and commissioning (EPCIC) contract by Woodside for the Floating Production Unit (FPU). Saipem confirmed that the company has received a notice to proceed (NTP) for the trunkline installation work. Saipem stated that offshore operations were targeted to start in mid-2023 and the company will utilise its Castorone pipelay vessel to carry out the work.

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By Tsvetana Paraskova

SUBSEA SECTOR SET FOR SUBSEA SECTOR CONTINUED RECOVERY IN 2022

SET FOR CONTINUED

RECOVERY IN 2022 By Tsvetana Paraskova

Higher exploration activity and an uptick in offshore project sanctioning are set to support the subsea sector in 2022 and beyond. Deepwater oil and gas exploration will likely lead in new discovered resources as operators prioritize highly productive reservoirs offshore South America, while decommissioning projects and subsea tiebacks to satellite developments will also drive an increase in subsea operations, vessel demand, and subsea tree orders, analysts say. The global upstream sector is on the rebound and will continue to recover in 2022, Wood Mackenzie said in its outlook for this year.

www.ogv.energy I February 2022

Upstream spend set to rise Total upstream oil and gas investment is set to grow by 9% in 2022 over 2011, to take overall spend to US$400 billion again. Despite the uptick in investment, capital discipline will continue to prevail as global reinvestment rate is expected at 40% – calculated as capital investment divided by pre-dividend post-tax operating cash flow. This is near record lows for oil prices at above US$80 per barrel, according to WoodMac. More than 40 projects over 50 million boe are expected to be sanctioned in 2022, with a focus on advantaged barrels. Low-breakeven, low-carbon deepwater projects will dominate greenfield final investment decisions (FIDs), Wood Mackenzie reckons. Along with robust project economics, operators will be looking for short payback periods and low emissions while sanctioning projects this year. Yet, the services sector will see inflation of 4-10%, depending on the sector, with hotspots like Norway for example impacted first, said Fraser McKay, Vice President, upstream research, at WoodMac. In exploration, operators will prioritise deepwater plays with highly productive reservoirs, including giant prospects in Brazil, Guyana, Suriname, Namibia, and South Africa. Deepwater is likely to account for half of all new volumes, according to Wood Mackenzie.

Gas, LNG to lead rise in global investments Overall investment in oil and gas, including upstream, midstream, and downstream, is projected to rise by 4% to US$628 billion this year from US$602 billion in 2021, Rystad Energy said in an analysis in January. The growth will be led by a 14% increase in gas and LNG investments, the independent energy research firm said. Offshore oil and gas investments are expected to rise by 7 %, from US$145 billion last year to US$155 billion in 2022. Offshore projects will provide ample opportunities for contractors as TotalEnergies’ North Platte project enters the final stage of its tender process and LLOG Exploration’s Leon and Chevron’s Ballymore developments in the US Gulf of Mexico look to proceed to the development phase this year. There are around 80 projects worth a total of $85 billion in the global approvals pipeline for offshore field sanctioning for 2022. Of these, 10 are floating production storage and offloading units (FPSO), 45 involve subsea tiebacks, and 35 are grounded platforms, Rystad Energy has estimated. Latin America and Europe will account for around 24% each of the total offshore sanctioning values, with deepwater expansions expected in Guyana and Brazil, as well as Norway following recent tax changes.

SUBSEA The number of sanctioned offshore projects is expected to rise year-over-year but will remain little changed when measured by capital commitments.

“An outstanding concern for 2022 is execution challenges related to the pandemic and increased inflationary costs for steel and other input factors. These are likely to make operators mildly cautious regarding significant capital commitments,” Rystad Energy noted.

Subsea sector to benefit from new cycle in offshore spending “With a more optimistic sentiment and a portfolio of economically robust projects the EP companies are moving forward with new projects and fresh capital as part of a new investment spree. Many of these projects are smaller developments supported by subsea tiebacks and existing infrastructure such as in Norway, but also larger developments like new FPSOs to be installed in Brazil as they need to ramp up with a goal to double their production from 2020 to 2030,” Oddmund Føre, Senior Vice President, Energy Service Research, at Rystad Energy, said an overview of the offshore supply chain in November. “Nonetheless this means a lot work to be handed out to the service sector,” Føre added. The market for floating production, storage, and offloading (FPSO) units started to recover in 2021 and will continue to do so this year, with 10 new awards expected, Rystad Energy said in a report in early January. Two lease contracts were awarded in the fourth quarter of 2021, bringing the total for the year to 10 – up from just three in 2020, signalling a strong rebound for the FPSO market with the number of contracts surging to pre-Covid levels. As in 2021, Brazil will continue driving the FPSO market in 2022, with three additional FPSO awards expected. The UK is expected to add two projects, and Guyana, Angola, Australia, China, and Malaysia are forecast to each award one new FPSO contract this year, Rystad Energy said.

“With around 30 FPSO units under construction or queued up for construction, and another 10 expected to be awarded over the next 12 months, the market is set to build on its recent success. However, as witnessed in many other facets of the global economy in recent months, supply chain concerns linger and will test the market’s ability to take in new contracts without uncontrollable cost overruns and delays,” said Zhenying Wu, a senior analyst with Rystad Energy.

Going forward, “The world of subsea development will move more toward what you see in Norway, which is the kind of satellite developments to existing hubs,” Rystad Energy Partner Simon Sjothun said at Riviera Maritime Media’s Offshore Support Journal Subsea Conference 2021 in November.

Inflation raises subsea costs for operators Norway will be the subsea tie-back leader in the world through the middle of this decade, Rystad Energy says, but notes that the inflation hit to projects will amount to an additional US$6.5 billion in costs for upcoming contract awards for goods and services in the offshore oil and gas industry through 2026. Norway, western Europe’s largest oil and gas producer, will be the global leader for awards related to subsea tie-backs during the next five years, as their collective value are projected to reach US$55 billion for suppliers, based on 2021 pricing. The US subsea market will be the second largest with US$44 billion of new contracts anticipated, followed by the UK with US$29 billion, Russia with US$25 billion, and Brazil with US$24 billion, Rystad Energy’s report found.

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STAND 99 To arrange an interview get in touch: office@ogvenergy.co.uk

Subsea tree demand set for highest since 2013 In the market of subsea tree contracts, Westwood Global Energy Group’s outlook for 2022 as of January 2022 points to total up to 354 units, the highest since 2013 based on US$65 per barrel Brent. Of these, 173 units, or 49 %, are classified as “Firm”, 125 units as “Probable”, and 56 units are classified as “Possible”, based on Westwood’s assessment of subsurface, commercial, and geopolitical factors. Westwood has included 53 units, or 15 % of all subsea tree awards anticipated in 2022, that have already been awarded but are subject to governmental approvals and a final investment decision on the respective fields.

“Our full-year, 2022-2026 subsea tree demand outlook is currently at 1,380 units, a 25% increase compared to the 2017-2021 period. Latin America is forecast to account for approximately 36%, driven by Petrobras’ continued investment in its pre-salt basin and ExxonMobil’s Stabroek developments,” said Mark Adeosun, Lead Analyst, Subsea, at Westwood.

SUBSEA

Subsea Expo 2022 makes welcome return to explore oceans of opportunity When it opens its doors this month to welcome delegates from around the world, Subsea Expo 2022 will be sending out a strong signal that life and business activity are beginning to return to normal. The event, organised by the Global Underwater Hub (GUH), which will take place at Aberdeen’s P&J Live from 22-24 February, will follow the theme of ‘Oceans of Opportunity’ focussing attention on, and raising awareness of, how the UK’s underwater engineering industry can capitalise on underwater opportunities in the global blue economy, set to grow from £50bn to £140bn by 2035. More than a thousand delegates have already registered to attend the world’s largest subsea exhibition and conference and, with travel restrictions continuing to be lifted around the world, organisers expect that number to increase over the coming weeks. Nearly 100 exhibitors have also confirmed they will be setting out their stalls and, with some limited capacity remaining, there is scope for that to increase. Subsea Expo 2022 comes a full two years after more than 6,600 delegates attended the last event, one of the biggest attendances on record in the event’s 15 year history. Coming as it did as the industry emerged from one of the most protracted oil and gas downturns, the mood was upbeat, with renewed optimism in oil and gas and increasing excitement in the opportunities arising from energy transition and the burgeoning blue economy. Concluding just weeks before the world went into lockdown, no-one could have predicted what would follow and that the opportunity for those in the industry to get together again in person would be more than two years away. Plans to hold the event in 2021, first in February and then again in May, had to be postponed due to the restrictions in place as the pandemic continued to dominate every aspect of life. Neil Gordon, Chief Executive of the GUH, says that the event comes at a pivotal time for the industry as it prepares for life post-pandemic.

“Subsea Expo 2022 will provide the platform for the industry to come together in person, to share their ideas and expertise, to showcase new technology and to engage with one another as we look towards an incredibly exciting time for the industry. Subsea Expo has always facilitated meaningful industry discussion, valuable connections and cross-sector collaboration. These are needed more now than ever before.

Neil Gordon

“The way we have worked and conducted business over the past two years may have changed, but that doesn’t mean that things have stood still,” he said. “So much has happened in that time. Companies operating in the underwater arena have continued to innovate, demonstrating their expertise by developing world-leading technology and honing new skills which have maintained the UK industry’s position as a global leader. The pace of energy transition has picked up dramatically and most underwater companies are playing a vital role in that journey to net-zero.” If there is an upside to the pandemic it is the remarkable achievements of many companies in adapting or developing technologies in response to the restrictions, including, for example, the growth in digital and robotic technologies. Mr Gordon said: “We will be hearing more about and celebrating some of the very best examples of companies and individuals who have been leading the activity in the UK’s £8billion pound underwater industry over the past year during the Subsea Expo awards which take place on February 23 as part of the event.” As a new, strategic, intelligence-led organisation, promoting cross-sector collaboration, the GUH say providing this opportunity for representatives of all the sectors operating in the underwater industry to share ideas and innovation and to explore how they can work together is crucial. This is underlined by the opening plenary session at Subsea Expo which will feature experts from the offshore energy, defence, marine renewable and aquaculture sectors who will highlight the opportunities available in these rapidly growing markets and how industry can capitalise on these. Over the course of the conference, presenters from a range of sectors will also cover key

industry topics including underwater solutions for the energy transition, autonomous solutions, marine science and sustainability and subsea technologies for offshore renewables.

“The oil and gas sector continues to be the biggest market for the underwater community, but offshore wind is a close second. Subsea Expo will also highlight the scale of opportunities across all the different sectors in multiple markets in the blue economy,” said Mr Gordon. “Fast-paced and highly competitive markets, they offer multi-billion pound opportunities in emerging sectors such as floating offshore wind, wave and tidal energy, CCUS and hydrogen and in more established but rapidly growing sectors such as fixed wind, aquaculture, oceanology and defence.” Making sure that the UK underwater industry is in a position to capitalise on the opportunities presented by the blue economy and the green recovery was the main driving force behind Subsea UK’s transition into the GUH last year. The new, strategically-focused organisation aims to transform the industry, accelerate the transition to net-zero, creating new jobs and exports. “With the GUH now fully operational, we can provide companies at Subsea Expo with market intelligence and insight to give visibility on the opportunity that will help firms develop clear routes to markets, helping them to make the right decisions about growing their business. As a new organisation with greater resources, we’ll be able to support more underwater businesses in going after the opportunities in the blue economy,” said Mr Gordon. “Working with the industry, the GUH will deliver significant export growth and attract new inward investment, promote cross-sector collaboration and innovation to develop solutions to underwater challenges, develop skills and capabilities to drive competitive advantage and support the growth of new and existing UK underwater businesses.” It will also provide access to the largest, crosssector underwater community in the world and offer commercially driven market intelligence, expertise, contacts and specialist support to accelerate business growth and build value in the UK’s underwater industry.

Entrance to the exhibition and conference is free of charge www.ogv.energy I February 2022

Pre-registration is recommended via the website – www.subseaexpo.com For information on availability of exhibition space, contact events@theguh.co.uk

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SUBSEA

PROSERV: REPUTATION FOR SUBSEA EXCELLENCE AND INNOVATION DRIVING STRONG PERFORMANCE

In an exclusive interview with Dan Hyland, OGV Energy’s Operations Director, Proserv Controls CEO Davis Larssen explains how 2021 proved a record year for new orders, as tie-ups and technology offer further upside potential.

Davis Larssen, CEO, Proserv Controls

This time last year Davis Larssen, CEO at global controls technology leader Proserv Controls, spoke to OGV Energy about how the company had experienced an “encouraging” 2020, despite most sectors being brought to a screeching halt for months on end by Covid-19, and in a forward-looking comment he expected the firm to remain “at the cutting edge of innovation and development.”

subsea trees and Proserv’s controls, leveraging “best-in-class” technologies, and offering a fresh perspective on the tendency for operators to acquire their subsea equipment from one provider “and accepting average technology simply for the sake of convenience”.

A year later and it would seem Larssen’s outlook and confidence were well placed: Proserv has secured big subsea wins around the globe, from South-East Asia to the Gulf of Mexico, leveraging its market-leading controls reliability and high-speed data monitoring on greenfield opportunities, and its disruptive coexistence capabilities with legacy systems (overcoming that perennial industry problem of obsolete electronics) on brownfield wins.

“It’s about recognising what you're good at and staying true to your core and partnering with people that bring something specific to the market, which you don't have yourself. With the DQ deal, that means a new, mutual proposition around our respective quality solutions.

Meanwhile Proserv’s long-standing reputation for subsea expertise has provided impetus to ambitious plans to develop a significant foothold in offshore wind. The team is known for its innovative approach to technology and strategy, forging numerous tie-ups to enable its solutions to access a broader market and guided by the voice of customers. In 2020, an agreement with Houston’s Dril-Quip (DQ) put forward a bundle of DQ’s

www.ogv.energy I February 2022

Larssen has a direct view on the merits of building such arrangements:

“Proserv is an independent controls leader: nimble, flexible – completely OEM agnostic, able to integrate with any legacy system. But if there is a specific collaboration that can broaden our offering and ultimately provide more value for our clients, we’re open to doing that. It’s part of our innovative DNA.” Indeed, this past year has seen Proserv sign a Memorandum of Understanding (MoU) with another Texas based subsea services provider, Trendsetter Engineering, focused on a unique technology collaboration, which has already borne fruit with a significant win on BHP’s tieback expansion of the Shenzi North field in the Gulf of Mexico.

The MoU involves a combination of Trendsetter’s high integrity pressure protection system (HIPPS) and Proserv’s controls technology. The Proserv powered HIPPS module is a critical piece of equipment for subsea extensions where new high-pressure wells can be safely incorporated into lower pressure environments. The HIPPS opens up viable tieback possibilities for operators, with the reassurance of leading-edge safety standards. Larssen observes: “The tie-up with Trendsetter is about innovating a new solution that pulls us into another potential market for our controls. We are known for our backwards compatibility, our go-to retrofit proposition, our broad functionality through our faster bit rates, but this is a different role for our core system and it centres around our unrivalled reputation for reliability. “A HIPPS module is a safety device guarding against dangerous pressure spikes, so its controls need to be the best in the business, with undoubted reliability, able to shut everything down rapidly if required – that is why Trendsetter was keen to partner with us. This safety protection is critical as it helps alleviate the threat of HSE risks around possible blowouts, not to mention the environmental impacts from such incidents.”

SUBSEA

RECORD YEAR Larssen is keen to emphasise how it is Proserv’s increasing sector-wide recognition for offering the “best-in-class subsea controls on the market” that has been the key criteria that has underpinned his team’s ability to cement such significant tie-ups and contract wins. “Our core capabilities are acting as a springboard, driving us into an increasing number of deals with some of the industry's major players. We have a high-quality product and more and more parts of the energy sector are recognising we are market leaders and are actively approaching us, not only as customers but as prospective partners, to leverage our standing in the controls environment.” Proserv is moving confidently into 2022 emboldened by a “record year for new orders” with the company booking an impressive $150mn in future work around the globe, a solid proportion of it accrued through its cornerstone subsea capabilities. Larssen believes increasing corporate responsibility around carbon footprints could attract further customers to Proserv’s distinct offering. “ESG strategies are very relevant as every organisation needs to think of its roadmap to lower emissions – we have set out our own position to be a carbon net zero company by 2050 or sooner. “But one of the key advantages of our augmented controls technology (ACT) proposition is that our strengths around coexistence mean we can often reuse equipment rather than replace it. This creates efficiencies around cost, time and environmental impacts. It stands to reason that augmentation, rather than removal, is going to be less intrusive and less wasteful.” Larssen explains that improving the efficiencies and reliability of subsea infrastructure and “reinvigorating obsolete controls” via the team’s ACT solutions, thus enabling life extension, is part of a wider joined-up philosophy across Proserv’s global offerings, subsea and topside, around providing asset optimisation, and “whether in the North Sea or the Arabian Gulf, being the services life of field partner for our clients.” Proserv’s Middle East based topside service operation has been growing rapidly, even through the pandemic, acquiring Dron & Dickson’s regional business in 2021 to add electrical engineering services, and an ability to work in hazardous areas, to its own asset optimisation portfolio. The team has built strong partnerships over years with the Gulf’s national oil companies and these represent vital clients.

Proserv's Westhill, Aberdeen HQ

TECHNOLOGY AND INNOVATION Developing innovative, disruptive solutions is another facet of Proserv’s identity and driving ahead with digital technology enhancements is a key aspect of the company’s asset optimisation template. One such evolving technology is AEGIS, an asset enhancement platform that is being applied right across Proserv’s business and Larssen sees multiple advantages. “AEGIS has a wide range of uses such as maintaining documentation, spare part inventories, assessing obsolescence risks right through to condition based, real-time monitoring. Effectively, it’s a technology that enables systems to remain running smoothly and is a core part of our ‘Proserv as a life of field partner’ focus. “It is a good example of how we are digitalising the broader offering as well. It makes processes more efficient, gives the end user access to information quickly through their phone or laptop, makes written reporting redundant, speeds things up, including decision-making.” The real-time, condition monitoring component of the platform offers swift alerts sent directly to Proserv’s support team and client, flagging up anomalies in performance. Larssen say this could have significant environmental benefits if a leak can be

mitigated rapidly or the emission of toxic gases, dangerous to personnel. Condition monitoring lays at the heart of one of Proserv ’s most disruptive new solutions – which represents a fusion of the company’s subsea heritage with its drive for innovation. ECG™ is Proserv’s new holistic cable monitoring system for offshore wind, and it has received industrial sponsorship from ScottishPower Renewables due to its potential to offer “a real step-change in cable monitoring capabilities” as offshore wind scales up. Larssen reveals this ECG™ technology was selected late last year “to provide inter-array cable monitoring on one of the world’s largest offshore wind projects” currently being developed in the North Sea. As Davis Larssen looks ahead another 12 months, he sees synergies between his subsea ambitions and his team’s growing activities in offshore wind: “One of our key targets is to reinforce our growing status in the subsea arena with many of the majors, but at the same time, we are increasingly seeing these very same leading energy players turning to our subsea expertise to support their offshore wind projects, deploying our new technologies in vital condition monitoring roles on landmark developments. That’s great recognition for our industry reputation and capabilities.”

Proserv technician at one of the company's UK sites

Providing leading controls technologies to enhance performance, optimise assets and extend life right across the energy sector. For more information visit: www.proserv.com

SUBSEA

FIND US AT STAND 134 22 - 24 FEBRUARY 2022 P&J LIVE, ABERDEEN

BRIDGING THE GAP BETWEEN ROVS AND AUVS: Utilising autonomy to make accurate surveys easier than ever before.

Deep Trekker's REVOLUTION and PIVOT NAV ROVs are now capable of waypoint navigation and mission planning, allowing a surveyor to plot survey points on a map, and having the ROV execute the mission without the strain of needing to closely monitor the position of the ROV, and fight the current manually, as a traditional ROV operator would. Surveyors can now monitor the survey live while the ROV operates, and also pause the survey to get a closer look at specific points of interest. In the past, surveyors had to wait to gather the AUV data post mission, in order to identify areas for further inspection. If on a pipeline survey, you find a potential crack and need to get a closer look or a weld seam to investigate, no second deployment is required. With a Deep Trekker ROV, you can pause your mission, get close, log your points of interest, flag defects for your team and then resume the mission, all within a few button presses.

Ocean surveyors have been utilising Autonomous Underwater Vehicles (AUVs) since 1957, autonomy is not a new concept to the offshore community. Remotely Operated Vehicles (ROVs) are a common complementary technology, offering surveyors a live feedback option to provide additional detail on key locations identified by AUVs. ROV operation in the past has often been considered difficult and time-consuming, and to add autonomy capabilities has meant expensive sensors and Utilising autonomy complex software. Deep Trekker's Bridge technology is providing to make accurate surveyors a more accessible, surveys easier than easier to operate survey system ever before by combining the assurance of autonomy and the live data feedback of a highly capable ROV.

www.ogv.energy I February 2022

Deep Trekker designs systems that are extremely intuitive and durable to help offshore operators, ocean surveyors, and inspection teams to get the job done in less time than ever before. If your team is in charge of any submersible inspections and surveys or is considering expanding to these capabilities, consider a Deep Trekker system, the technology chosen by thousands of operators around the globe.

For more information on Deep Trekker's range of underwater ROVs please contact approved distributor, Spectis Robotics, on 01224-701444 or email us at:sales@spectisrobotics.com

SUBSEA J+S SUBSEA ANNOUNCED AS FINALIST IN PRESTIGIOUS AWARDS J+S Subsea has been announced as a finalist in two categories in next month’s Subsea Expo awards. The awards celebrate the companies and individuals leading the way in the UK’s £8billion underwater industry. Aberdeen-based J+S Subsea is a finalist in the ’best small company‘ category, that recognises excellence in overall company performance in the subsea sector by newcomer companies and Tom Hutchinson, Business Development Engineer at the company, is up for the ’young emerging talent‘ award that recognises the achievements of those under the age of 35 working in the subsea sector.

In the nine years Tom Hutchinson has been with the business, he has worked his way from a workshop assistant to Business Development Engineer. Aged 22, he was part of the Future Industry Leaders Programme cohort, confirming his potential for a strong future within the energy sector.

Particularly special Neil Gordon, chief executive of the Global Underwater Hub, said:

Accolade Managing director Phil Reid said: “These award nominations acknowledge and celebrate a year of strong growth for us which relies on the dedication and expertise of our team. They are a fantastic accolade and recognise what J+S is striving to achieve against what has been a challenging and uncertain landscape.” Following a management buy-out in September 2020, J+S Subsea reverted to a new version of its original trading name. Its first year was topped off with the award of “best subsea equipment engineering specialist” in Corporate Vision’s Oil & Gas Awards in August last year. It moved to new larger premises in Kintore a year ago, to acquire larger workshops and stores, as well as accommodate a growing team.

J+S Subsea provides proactive, responsive and cost-effective solutions for design, engineering, operational support and maintenance of subsea equipment, primarily related to the subsea production control market. You can find out more about J+S Subsea at jands.co.uk

“As we continue to navigate the pandemic and deliver the energy transition, it seems more important than ever for us to celebrate and recognise our industry’s achievements during these unprecedented times. This will be the first awards ceremony we’ve hosted as the Global Underwater Hub and will take place during the long-awaited Subsea Expo conference, so the night promises to be a particularly special occasion.” Organised by the Global Underwater Hub formerly Subsea UK - the awards take place at the P&J Live in Aberdeen on February 23. They highlight the achievements of individuals and companies throughout the subsea industry and bring together peers in mutual celebration of the UK's leading position on the global stage. The awards coincide with Subsea Expo, Europe’s largest subsea focused exhibition and conference, where the theme for 2022 is: ‘Oceans of Opportunity’. More information about the awards is available at www.subseaexpo.com/subsea-expo-awards

FIND US AT STAND 50 22 - 24 FEBRUARY 2022 P&J LIVE, ABERDEEN

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SUBSEA

SUBCMAR - SUBSEA PEOPLE SOLUTIONS SUBCMAR, a new recruitment company specialising in the subsea market, has been launched in Aberdeen

A subsidiary of Drillmar Resources, SUBCMAR will aim to strengthen the energy recruitment experts’ offering to existing clients, as well as expand its presence to the international subsea industry, targeting new clients with their suite of specialist staffing and HR solutions. Operations Manager Scott Bremner notes that SUBCMAR represents the company’s commitment to providing further specialised support to their existing clients in both the Drilling and Well Services sectors, while establishing a more fixed presence in the subsea space:

Scott Bremner

“As the subsea sector moves forward rapidly with new technology and developing areas, the demand for personnel remains at a high level. From rig or vessel based, for operational or planned maintenance and surveys we aim to provide the right solution for our clients.

As Subsea services also move forward in the Energy Transition sector, we aim to provide a comprehensive supply of personnel here also.” With more than 25 years’ working in the energy sector, Scott began his career offshore in the North Sea and has since worked in various technical and management roles in the industry. Scott joined Drillmar to assist in developing new avenues outwith their core business lines and will lead SUBCMAR as part of that remit. A market leader within the energy recruitment industry, Aberdeen headquartered Drillmar Resources provide specialist ad-hoc and permanent staffing solutions in the North Sea and globally.

SUBCMAR.CO.UK

A subsidiary of Drillmar Resources, a market leading Energy recruitment company, our dedicated operations team have supplied experienced and accredited Subsea personnel to our clients internationally as part of our comprehensive service offering. For any enquiries or further information please visit our website or contact scott.bremner@drillmar.co.uk

Applications - Cable/Pipeline/Umbilical Trenching - Cable/Pipeline/Umbilical Deburial - Freespan Rectification - Backfilling & Burial - Rock Dump & Drill Cutting Removal - Uxo & Salvage Deburial - Harbour Clearance - Jack up Spud Can Clearing & Cleaning - Subsea Structure Deburial And Access - Boulder Grab Removal - Sandwave / Route Corridor Clearance

T: +44 (0) 1224 698698 E: subseainfo@rotech.co.uk W: www.rotech.co.uk www.ogv.energy I February 2022

SUBSEA EODEX EXPERTLY DELIVERING ALL ASPECTS OF OFFSHORE UXO SERVICES As the only commercial company utilising proven cutting-edge low order technology, EODEX expertly deliver all aspects of offshore UXO services, offering a ‘onestop-shop’ of consultancy, survey, disposal and full management of unexploded ordnance. Working with our clients in the scoping, survey and pre-construction phases of offshore and harbour projects, our experts analyse and mitigate the UXO risk at any site. With decades of commercial and military operational experience, our teams based in our Aberdeen, Portsmouth, Sussex and London offices excel in delivering unmatched capability in the most demanding specialist operations.

Over 100,000 tonnes of unexploded ordnance lie in waters around the UK, left over from the First and Second World Wars. These UXO’s, mines and shells need to be cleared for the construction of offshore wind farms. Traditionally, these disposals are carried out by detonating the UXO or mine by a process called high order. This causes huge distress to the seabed geology and marine habitats, threatening the survival of whales, dolphins and other marine life. Marine mammals are dependent on their auditory system for navigation, feeding and communication; any noise trauma can cause permanent injury and can lead to mass stranding events, such as the Kyle of Durness in Scotland where in 2011, 39 long-finned pilot whales were beached following nearby munition disposals and later confirmed in a government investigation. A 2015 study found that 88 ordnance explosions in the North Sea had caused permanent hearing loss in 1,280 harbour porpoises. Our unique ‘low order deflagration’ technology, used by 17 militaries globally and verified by the UK National Physical Laboratory (NPL), safely neutralises munitions on the sea floor without a damaging explosion which both

EODEX are champions of the #StopSeaBlasts campaign heralded by Dame Joanna Lumley and supported by countless MPs across government. For more information visit: www.eodex.co.uk or contact info@eodex.co.uk or (0)207 971 1289.

FIND US AT STAND 139 22 - 24 FEBRUARY 2022 P&J LIVE, ABERDEEN

harms sea life and destroys the seabed. A small low-density cone is fired using only 20 grams of explosive against the munition, causing its explosive contents to ‘burn out’ gently from the inside. The casing of the UXO cracks open, but importantly the munition does not detonate. This low order technology has now been formally recognised by UK government as being the preferred methodology for future commercial offshore UXO disposal campaigns. EODEX are committed to delivering excellence across all aspects of our services. We pride ourselves on driving innovative technical solutions in challenging environments, providing outstanding customer service and using the very best personnel and equipment to support key customer requirements. Our ability to operate safely and reliably all over the world is the foundation of our operational excellence and our business performance. EODEX are well placed to deliver our specialist services working with our trusted partners and in-country experts. "Our philosophy is to be able to provide the same unmatched military capability for the commercial subsea sector to be used in the most demanding specialist offshore clearance operations. EODEX bring these unique skill sets, techniques, specialist tools and equipment into the commercial arena delivering unmatched environmental safeguarding, improved safety and significant cost efficiencies.”

FIND US AT 22 - 24 FEBRUARY 2022 P&J LIVE, ABERDEEN

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INNOVATION & TECHNOLOGY SPONSORED BY

The UK’s largest innovation funding consultancy Our expert teams work in close partnership with thousands of businesses each year to maximise the financial benefit they receive from R&D Tax Credits, Grants, and other innovation funding schemes.

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In the past year alone, we have helped our clients successfully claim more than £200m in tax relief to support their future growth.

THE INDUSTRIAL APP STORE® FROM INTELLIGENT PLANT Intelligent Plant Formed in 2006, Intelligent Plant Limited is an award winning UK based ISO 9001 registered software engineering company, focused on providing innovative services and value adding solutions to a broad range of industries and research facilities. The company’s growing technical team consists of experienced engineers and computer scientists who together provide innovative and tailored solutions to their global client base. We are best known for providing the world’s first and only truly open and secure IIoT (Industrial Internet of Things) portal known as the Industrial App Store®. The Industrial App Store ® enables the secure remote performance monitoring of equipment and processes through the analysis and visualisation of real-time data, and in the management and interpretation of process alarm data.

www.intelligentplant.com

Technology Development stage: Commercial

allows the efficient, secure distribution and analysis of data.

The Industrial App Store from Intelligent Plant makes getting value from your industrial data fast and easy by securing your data on-site and putting the applications in the cloud. Remove the classic hurdles associated with data lakes and get fast, easy access to analytics from anywhere. Most people are familiar with the term “apps”, which is an abbreviation of “applications” that are computer programs with a very specific and focused function. There are now hundreds of apps available on the Apple App Store that people download onto their iPhones and iPads providing both games and useful tools to book flights, identify music tracks from their audible signature or monitor your heart rate during exercise. These are great for personal use and tend to be easy to obtain at little or no cost. In the business world, there is a need for a similar platform to allow the efficient and safe distribution of industrial apps. This is where Intelligent Plant’s Industrial App Store® leads the way. The Industrial App Store is an online shop window and secure data access portal that allows anyone to provide a service that requires secure access to their client’s process data. This data stays on the clients network so there is no need to copy, upload, or duplicate data in the cloud, which means no additional storage costs or transport fees.

How does it work? Industrial App Store manages access to client data and only allows apps to request the data for which they have been given the necessary permissions to obtain. The data request from an authorised app is routed to the client’s data historian by the Industrial App Store and passes the data back to the app. The clients maintain intellectual and physical ownership of their data and there is no write back to their own data historian, only to a separate app results historian that Intelligent Plant provides for free. The beauty of this arrangement is that Industrial App Store clients don’t have to manage multiple connections and data requests in different formats and protocols to their servers on an ongoing basis. This reduces their cybersecurity risk to a single app store connection, which is established and tested once, is more easily monitored and, once set up, needs very little maintenance or support.

Launch date: 2016 Functions and Benefits

INTERESTED IN FEATURING IN

• Customised, jargon-free approach to suit specific IT business requirements.

• Intuitive, progressive technology that cuts the need for spreadsheets and transforms business processes.

TECHNOLOGY ANNUAL?

• User friendly, fast, portable online system giving up to date and accurate information safely and efficiently.

• Users can access real-time data from a mobile, laptop or tablet, vessel, offshore platform or whilst on the move.

• Records vital day-to-day operations data ensuring highest safety standards are met.

• Simultaneously manages a workforce and enhances operations.

THE OGV 2022

OFFICE@OGVENERGY.CO.UK

www.ogv.energy I February 2022

INNOVATION & TECHNOLOGY

O2 Tidal Turbine sending not only Power, but Data onshore Intelligent Plant recently won a project with the European Marine Energy Centre (EMEC) and Orbital Marine Power to assist in deploying a data acquisition system for the O2 tidal turbine. The system, which is linked to Intelligent Plant’s Industrial App Store, allows remote access to real time mission critical data and provides a cloudbased platform for EMEC to carry out power performance assessments for wave and tidal energy developers. This will improve the accessibility, storage and security of data for Orbital Marine Power’s operators, technicians and other stakeholders, providing cutting-edge data management tools to monitor the performance and status of the asset while in operation. The Industrial App Store has been securely integrated with the systems onboard the Orbital O2 tidal turbine which was deployed at EMEC’s “Fall of Warness” tidal test site, in June this year as part of the Horizon 2020 FloTEC project. The configuration and deployment of the data acquisition system has been supported by the Interreg NWE OceanDEMO project. User-friendly dashboards enable quick, secure and easy access to relevant data streams from anywhere in the world. This will enable Orbital’s Engineers to access data from the O2 turbine in real time without a requirement for manual intervention. The Industrial App Store also provides data to EMEC’s performance test engineers, streamlining the analysis of the tidal turbine’s performance as part of EMEC’s accredited testing services. O2 Tidal Turbine

Invinity Energy Systems Invinity Energy Systems, a global leader and innovator of utility-grade energy storage, uses the flexibility of Intelligent Plants Industrial App Store to monitor the performance of their installed batteries across the globe. Invinity’s modular vanadium flow batteries store energy in an aqueous solution that never degrades, even under continuous maximum power and depth of discharge cycling. This patented technology is non-flammable and requires minimal maintenance and upkeep throughout its 20+ year service life. Ideal for use alongside renewable generation, Invinity’s flow batteries meet the energy needs of business, industry and electrical networks safely, reliably and economically. The Company’s batteries have been deployed at more than 40 sites in 15 countries on 5 continents to date. Invinity Energy Systems

Intelligent Plant are proud to be working with Invinity on visualising and analysing their global fleet of batteries. We see that energy storage is key to maximising the effectiveness of renewable resources. Invinity have access to all appropriate apps in the Industrial App Store which are already providing insights and enabling decision making on assets distributed around the world. We look forward to continuing this fascinating journey.

INNOVATION & TECH SPONSORED BY

OUR DIGITAL INDUSTRY SPONSORED BY

Who is Sword? Phil Brading, Sword CIO, has worked with energy industry data for almost 25 years. He is responsible for the data services and solutions that Sword offers from its offices in the UK, Netherlands, and US.

www.sword-group.com

As the North Sea’s largest provider of digital services, Sword focuses on building solutions to the industry’s most critical business technology challenges by enabling our clients to capture, manage, and utilise data to make informed decisions. This is supported by technology adoption and people engagement, together with modern ways of working to give confidence that the right decision is made every time.

THE IMPORTANCE OF STRONG FOUNDATIONS IN REALISING THE VALUE OF DATA

Phil Brading, Sword CIO

Collaboration between the data community and IT is increasingly important. Data Managers understand data and how users want to work with it, and should be active participants in digital programmes of change. This will reduce cycle times by placing data analysts and data engineers into project and development teams. We all know of initiatives where data is an afterthought, rather than integral from the start, and we’ve seen how that neglect constrains project returns. Finally, we need to ensure continual improvement is in all that we do. This can be achieved by embedding digital skills within our operational data teams to target process optimisation and using agile approaches to test ideas quickly. In addition, integrating more unstructured data sources into the workflow to access additional insight, and converting to machine-readable formats, will make sure data is more searchable and contextualised.

At Sword, everything we do is geared towards supporting our clients make successful datadriven decisions. All parts of our organisation, from IT services and information management to digital solutions, are ultimately focused on placing the right data in the right hands at the right time. We recognise that the value of data is only realised when it is being used effectively. Whether we are looking to support change or make efficiencies in operations, strong data foundations are the starting point.

At Sword, there are several key areas to consider when delivering foundational data management to our energy industry clients. Responsiveness and alignment to user needs are the starting points for fostering an improved business relationship and healthy data culture. It’s important therefore that data services combine the necessary soft skills and decision workflow appreciation, with an in-depth technical understanding.

This desire aligns with the aims of DataOps, a way of approaching the development of applications and products where business goals are delivered through data-centric services. DataOps is a methodology that seeks to break down barriers between IT operations, software development, and business engagement, and offers a flexible framework that serves data where it is needed.

Building and maintaining trust with the businesses we serve means nurturing sustainable partnerships that can scale with changing levels of demand.

Increased value, even through the deployment of methodologies such as DataOps, can only be achieved when we look after our data foundations and provide content that can be trusted. All too often we jump ahead to scenarios which rely on data science and new software to solve our problems.

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This flexibility can be reflected in the governance models we apply to our data, where effort should be concentrated on the consistent supply of business-critical information. As manual processes are replaced, we look to new technologies to achieve greater data integration, completeness, and assurance to enhance value. Demonstrabale data quality improvement and articulating its positive impact on the return from investments made is key to our clients.

Data management need not be a hidden task. At Sword, we are unlocking the potential of cloud technology to help our clients access data they need through simple to use data hubs. We are instilling a data culture throughout our industry and into the businesses we support. To maintain the goal of delivering analytics-ready data, we are engaging at the business user level as this requires champions to promote the potential of what we have and how to achieve it. Production optimisation, real-time data, DataOps, digital transformation, and the energy transition all provide us with the opportunity to better appreciate how data should be accessed and used. We can aggregate content from multiple sources, we can write code to perform complex analysis, and we can automate manually intensive processes, but none of that is possible without trust in the data. It is with this understanding that we link data value with its useability, interconnectivity, and certainty, all of which are reliant on strong data foundations. Data management is more relevant today than ever, and the promotion of good practices is key to maintaining data health. If we are to achieve data-driven outcomes, then we need to make sure that data is placed at the heart of our operational and project thinking.

For more information, visit www.sword-group.com

OUR DIGITAL INDUSTRY

INDUSTRIAL DATAOPS HELPS OIL AND GAS INDUSTRY CUT COSTS AND CARBON

The world is changing. Oil and gas companies have been given a deadline to transform. The energy industry is under increasing pressure to make operations cleaner, more efficient and less wasteful. Improving performance to get the most value from existing E&P operations is now crucial to survival. Whilst this may seem an intimidating task, John Markus Lervik, CEO and Co-founder of Cognite, believes that the technological tools needed to succeed in these uncertain times are ready and waiting. “The secret to transformation is all in the data, data that you already possess,” explains Lervik. “The companies leading the transformation race are the ones who manage to bring their data together, extracted from individual silos, put in context, and then used to create value across the entire operation. It is as much a technology shift as a cultural one, and rather than see the value of data only in pockets, the winners are the ones who see it as something as essential to the job as a GPS is to an Uber driver.”

Traditionally oil and gas companies have produced enormous volumes of data, siloed away in unfit-for-purpose pieces of software or even physically stored, which is of no use to the company. Imagine you have millions of pounds hidden away, but you can’t find it, and once you do, you are not able to spend it on anything. What’s the point of all this wealth if you can’t use it to your advantage? Making this data available and usable is what will bring about true change and create real value. Increased up time, reduced maintenance costs, more efficient production and significantly reduced emissions are all possible using data that companies already possess. There is no need to reinvent the wheel, nor is there a need to invest in a single piece of technology that will transform everything; the solution is already out there.

“The secret to

transformation is all in the data, data that you already possess”

Industrial data: the key to successful operations It is widely believed that data holds the key to success for industrial operations. The more data produced, the better your operations will be. However this is not necessarily the case. It is not the amount of data that determines the success of a company’s operations, but the way it is used.

“For legacy operations, there is a job to be done to liberate the data. Most energy companies do not have a holistic view on the data gold within their reach. I’ve met companies where the data is on spreadsheets and even in people’s heads. But the value of it can only truly be realised once it’s out of its cage and collected in a single platform, contextualised and shareable for all,” adds Lervik.

Cognite Data Fusion: the platform to maximise the value of data

Extracting the most value possible from data requires putting it in context first - then making it available and accessible to users beyond just the data specialists. Many industrial companies have tried to do this themselves, with large investment and little return. Some have opted to use software companies to support, but with a lack of appreciation for how these legacy industries work, there can be major friction. This is the situation that John Marcus Lervik realised back when he founded Cognite. His vision was to create a company built on deep knowledge of heavy asset industries, combined with cutting edge technological solutions to solve operational problems. He and the team launched Cognite in 2016, kicking things off by solving a particular problem for Norway’s second largest Oil and Gas company, Aker BP. Since then, Cognite has grown into a billion-pound business, helping clients such as BP and OMV maximise production, minimise waste, and make operations safer and more efficient. At Cognite’s core is the belief in the power of Industrial DataOps, a discipline that makes traditionally siloed operational, engineering and IT data instantly available to users across an organisation, enabling better decision-making and intelligent workflow automation to improve operational performance. “Industrial DataOps is a crucial and necessary tool to make digital transformation possible in asset-intensive industries,” says Lervik. “It illustrates how to connect data from the IT and OT source to the data consumer with contextual tips that will empower organisations of all sizes to use it, innovate off of it, and reshape operations for efficiency, profitability, and sustainability. It is the strongest driver of change that will propel the industry forward.” Now is the time to maximise the value of data, using Industrial Data Ops to put it in the hands of the right users at the right time. It is a complex problem, but the resources are there to solve it.

Cognite provides software and industrial internet of things services to industrial companies. We use machine learning, rule engines & expertise to convert data into actionable findings. For more information visit www.cognite.com

RENEWABLES SPONSORED BY

Step into a safer environment High quality, industrial anti-slip safety products.

www.scotgrip.com

For over 30 years, we’ve designed and manufactured market-leading anti-slip safety products that hugely improve safety standards on stairways, walkways, decks, ladders, ramps, gangways and pipes, in a range of industrial settings.

INTRODUCING THE NEW OWIC MILITARY WORKING GROUP RenewableUK – the leading membership association for the renewable energy sector – highlights an exciting new Working Group designed to help boost the industry workforce for the future.

Accelerated growth of the renewable energy sector

Of course, the breadth of roles within the military means that individuals may come from varying backgrounds for an even more diversified workforce. For example, those leaving staff roles may be very well suited to public or enabling sectors in offshore wind as well. As part of the project, the OWIC is looking to provide support for individuals as they transition and settle into the offshore wind industry, utilising its extensive professional networks to connect the right people and the right opportunities. The organisation is also creating a best practice guide for employers to reach out to service leavers and veterans, and then provide any help they need to excel in their

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“As the offshore wind industry grows, we require smart recruitment to ensure we increase the talent base at all levels of business to meet the future demand. The ca.14,000 people leaving the armed forces each year offers a diverse talent pool for businesses to find the personal and technical skills and competencies needed to grow our industry. “When people leave the armed forces it’s a huge step for them – the things civilians take for granted can be foreign to veterans. Finding a new job is normally at the top of the agenda, but job hunting, CVs and interviews tend to be a new concept to most. This means good employees are overlooked, and therefore valuable creation lost because their CV doesn’t tick the boxes. It’s a scenario that doesn’t help the individual or the industry.

Accelerated growth of the renewable energy sector remains key for the fulfilment of UK and global net zero targets. Success depends significantly on transitioning skills, technologies and experience from other industries, utilising the existing infrastructure and workforce to support innovation and development in renewables. While many individuals and organisations are transitioning from the oil and gas sector, there is a focus on other avenues from which workers may come. A new Military Working Group has been created by the Offshore Wind Industry Council (OWIC), tasked with attracting ex-military personnel to the green energy workforce. More specifically, it is looking to facilitate the movement of ex-servicepeople into the offshore wind industry. Their skills and experience accrued from working with multi-national teams and in high-pressure situations, as well as their interpersonal skills and adaptability make them perfectly positioned to continue their careers in offshore wind.

Colin Brown, Business Development Manager at Aker Offshore Wind and a former Royal Navy submariner, is the Chair of the OWIC Military Working Group. About the project, he comments:

“This working group wants to turn that around to create a win-win. We are driven to help attract the talent needed and support businesses to understand the benefits and mechanisms to maximise the opportunity that exists from this talent pool, as well as the bespoke challenges veterans face. Colin Brown

new career pathway. The OWIC is also putting together a more general renewable energy guide with a focus on offshore wind to indicate where the jobs are, what they entail and which may be most suitable for ex-military professionals. This will include explanations of terminology and how specific roles may differ – for example, ‘high voltage’ in renewable energy is not the same as in other industries! All of this will be supported by a presence at major transition events throughout the year as well as online sessions to highlight opportunities and key roles in the offshore wind sector, and a rapidly expanding LinkedIn community. Though focused primarily on transitioning into offshore wind, there is clearly plenty of scope for development into the onshore and floating wind sectors as well. Over time, the Working Group may be expanding its resources and support within these fields too.

“This is a great opportunity for our industry and those that embrace it will reap the benefits.” Colin recently signed the Armed Forces Covenant on behalf of Aker Offshore Wind to demonstrate the company’s commitment to being a forces-friendly employer. This constitutes a dedication to ensuring that ex-servicepeople and their families are given fair opportunities for work and employment support. More details can be found at https:// www.armedforcescovenant.gov.uk/. Military service leavers and veterans are just one population to help boost the renewable energy workforce, with a substantial proportion of individuals transitioning from oil and gas, as well as other traditional energy sectors. The similarities between working environments and therefore skills offer clear advantages as the world moves towards greener energy generation, storage and transport. Plus, anyone coming from a background of electrical

RENEWABLES installation or management, health and safety or project management roles, logistics and people transportation also possess many transferable skills that will be of great use within renewable energy. Celia Anderson, Offshore Wind Sector Deal – People & Skills Director, highlights the benefits of a more cohesive approach as the renewable energy industry develops: “We have a commitment to the entire sector and aim to support people from different backgrounds as they transition. Right now, approximately 15-20% of the offshore wind workforce in the UK consists of military veterans – in the US the proportion is much higher (likely more than double this) – demonstrating the value they bring to the

Accelerated growth of the renewable energy sector remains key for the fulfilment of UK and global net-zero targets

growth of renewable energy and the opportunities available to support that development while providing exciting employment prospects for ex-servicepeople. Everyone is different, of varying backgrounds, ages, experiences and education levels. The offshore wind industry wants and needs to be as diverse and inclusive as possible this is one population that may benefit substantially from more structured support into what is a thriving industry with a bright future.” Renewable energy, especially when it comes to offshore wind, remains a dynamic and rapidly evolving industry. Making it easier for ex-military personnel to transfer their skills and experience for a smooth transition into the workforce is a proactive way of supporting future growth.

Veteran on top of a turbine

For information and the latest webinar can be found at www.owic.org.uk/military More details about RenewableUK can be accessed at www.renewableuk.com

RENEWABLES

SPONSORED BY

RENEWABLES

V-TES RENEWABLES DELIVERS ELECTRICAL ENGINEERING EXCELLENCE

V-TES Renewables delivers unsurpassed specialist electrical engineering services to the renewables industry on and offshore. Providing High Voltage (HV), Fibre, Switchgear & Rope Access expertise, competitive holistic solutions are offered to a global client base.

Specialist electrical engineering services delivered to the Renewables industry

Specialising in HV and hazardous area electrical solutions, the team of Field Service Engineers and Technical Support professionals supply electrical design, installation, maintenance, commissioning, training and assessments to an array of clients. The company’s development harmonises with its competency management system creating a solid, transparent & highly responsive technical service reinforced by strong values, quality assurance and commitment which has secured the trust of many clients. Conducted by the highest skilled professionals, services are provided in an efficient, safe and cost-effective manner to meet legislative industry standards. V-TES has progressively built a dynamic and enthusiastic team of experts who continually strive for excellence in all areas.

SPECIALIST ELECTRICAL SERVICES Offering a variety of maintenance and installation services, each solution can be delivered as an individual project, or combined to maximise the value for clients. All Engineers are cross trained and multidisciplined to further enhance solutions by reducing POB on multi-faceted scopes. V-TES Renewables has a successful track record of providing the following technical solutions to clients across the globe:

HV Terminating & Testing (132kV) Fibre Optical Jointing, Terminating & Testing Hazardous Areas Thermal Imaging Rope Access High Voltage Partial Discharge Harmonic Surveys TDR & OTDR Cable Testing & Analysis HV/LV Switchgear VDR & S-VDR Services Electrical Engineering 9Di Competency Assessment Energy Storage Solutions

www.VTESRenewables.com

www.ogv.energy I February 2022

V-TES Renewables delivers unsurpassed specialist electrical engineering services to the renewables industry on and offshore. For more information visit www.VTESRenewables.com

RENEWABLES

CONTRACT AWARDS SPONSORED BY

Infinity Partnership: Your Partner in Business Infinity Partnership is an award-winning, multi-disciplinary accountancy and business advisory practice, with a proactive approach to customer service.

www.infinity-partnership.com

Infinity has been a five-time winner at the British Accountancy Awards and has been a three-time finalist at the Scottish Accountancy Awards in recent times.

Wood propels growth in Middle East with $580m of wins in 2021the UK and Ireland

Wood marks a year of strategic growth in the Middle East region following a suite of contract awards and strategic framework renewals across its Consulting, Projects and Operations business units, accumulating in $580 million of secured backlog in 2021. As operators focus on economic recovery from the pandemic and ensuring continued energy supply, Wood is delivering solutions to optimise energy production, reduce carbon impact and

accelerate the energy transition across the region, strengthening its position as a trusted partner to enable reliable and sustainable energy production in the face of rising demand.

Abu Dhabi, as well as front end engineering, detailed engineering, procurement and EPC contract management solutions for a long-term client in Iraq.

The contracts awarded in 2021 will see Wood’s teams across the Middle East work together with a range of valued partners and clients to unlock conventional and low carbon energy supply, optimise energy production and processing, and extend onshore and offshore asset life in Bahrain, Iraq, the Kingdom of Saudi Arabia, Kuwait, Qatar, and the UAE.

Craig Shanaghey, Wood’s President of Operations across Europe, Middle East and Africa, said: “We are delighted to have seen the continued growth of our business in the Middle East, where we have a rich heritage and have supported the energy industry for more than 85 years.

Significant awards in 2021 include a multimillion dollar contract with Saudi Aramco to deliver engineering and project management services for the Safaniyah and Manifa oilfields in the Kingdom of Saudi Arabia, an agreement from ADNOC to perform Pre Front-End Engineering and Design work for a world-scale blue ammonia production facility in Ruwais,

“The global pandemic has brought many challenges and it is encouraging to see how the energy industry in the region is not only recovering but also thriving, as it takes a leading role in the quest for a more balanced, integrated and lower carbon energy mix. “We are committed to partnering with our clients to drive down the cost and the carbon intensity of producing the energy we need today.”

McDermott to Deliver Platform Topsides for Mega Project Offshore Qatar Qatari national oil and gas company QatarEnergy has said it has awarded a major engineering, procurement, construction, and installation (EPCI) contract for the offshore scope of its North Field Expansion Project to McDermott. The expansion project will increase Qatar’s liquefied natural gas (LNG) production capacity from 77 million tons per annum (MTPA) to 126 MTPA, through the North Field East (NFE) and North Field South (NFS) expansion projects, with first LNG expected in 2025, QatarEnergy said. The scope of the awarded contract includes 13 normally unmanned wellhead platforms topsides (eight for NFE and five for NFS), in addition to various connecting pipelines and the shore approaches for the NFE pipelines, beach valve stations, and buildings. The jackets and the pipelines for the NFS Project will be subject to a separate tender which is expected to be awarded in the first half of 2022. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President & CEO of QatarEnergy, said: "The award of this major EPCI contract is a momentous milestone that

www.ogv.energy I February 2022

demonstrates QatarEnergy’s commitment to delivering our LNG expansion projects on time and to ensure the significant additional global LNG demand is catered for in a timely manner. "This contract also reinforces our excellent relationship with McDermott. We are confident that the effective collaboration between QatarEnergy, Qatargas and McDermott will result in the safe and successful delivery of the project according to plan.”

Al-Kaabi added: “I would like to take this opportunity to express my thanks and appreciation to Sheikh Khalid bin Khalifa Al Thani, the CEO of Qatargas, and to both the Qatargas and QatarEnergy teams for their significant efforts and contributions that resulted in the successful and timely execution of this contract.” Qatargas is executing this mega project on behalf of QatarEnergy.

CONTRACT AWARDS

Valaris awarded Gulf of Mexico floater contracts Valaris has been awarded two one-well contracts with subsidiaries of Murphy Oil Corp. for semisubmersible VALARIS DPS-5. The first contract is in the US Gulf of Mexico and is expected to commence in 3Q22 with a minimum duration of 30 days. This contract has a one-well option with an estimated duration of 90 days. The second contract, offshore Mexico, will commence in direct continuation of the first contract and has an estimated duration of 60 days.

Inpex secures rig for drilling off Japan Japan Drilling Co. (JDC) has been awarded a contract by compatriot oil and gas company Inpex Corporation for the provision of a semisubmersible drilling rig. Under the contract, JDC will provide the Hakuryu-5 semi-sub rig to Inpex Offshore San-in, a subsidiary of Inpex tasked with conducting exploration and development operations, for operations offshore Japan. JDC informed on Monday that the rig will operate for Inpex offshore San-in, Japan in a period starting from March until July 2022. The Hakuryu-5 rig is a twin lower hull, column stabilized, propulsion-assisted semi-submersible drilling unit, which was designed through the engineering collaboration of JDC and Mitsubishi Heavy Industries and commissioned in July 1977 at Mitsubishi Hiroshima Shipyard. The rig was designed to perform drilling operations in a

maximum of 1,640 ft (option 1,970 ft) of water with 3,600 m tons of deck load. No further details have been revealed about the contract. However, Inpex last week informed about its plans to carry out exploration drilling operations offshore Shimane and Yamaguchi prefectures in Japan to explore the possibility of locating oil and natural gas resources. The project is located approximately 150 kilometres offshore north of Yamaguchi Prefecture and approximately 130 kilometres offshore northwest of Shimane Prefecture in a water depth of about 240 meters. Activities are scheduled to be conducted between March and July 2022.

Exploration (1662.T), had started production in 1990 and the first offshore gas exploration in Japan for Inpex since a project off the coast of Fukushima prefecture in northern Japan produced gas between 1984 and 2007.

As reported by Reuters last week, it would be the first offshore exploration in Japan since a gas project, off Niigata prefecture in central Japan, operated by Japan Petroleum

If the project leads to the commercial production of oil and natural gas, it is expected to contribute to the improvement of Japan’s energy self-sufficiency rate.

Brimmond Group announces new distribution deals with Heila Marine Cranes and KAMAT across the UK and Ireland anniversary and announce four new contracts totalling £1.75 million. Engineering Director for Brimmond Group, Tom Murdoch, said: “Heila is a strong strategic fit for us, and we’re excited to kick off the new year with this announcement. We’re confident this will allow us to offer an even higher level of service to our customers, providing a greater product range and enhanced delivery options.

Brimmond Group, the Aberdeenshire-based provider of hydraulic, lifting and mechanical equipment and services, has announced an exclusive deal to become the official UK and Ireland distributor for Heila Marine Cranes (Heila). Heila is a global leader in the manufacture of specialist heavy-duty cranes with over 700 customers worldwide. Through the agreement, Brimmond Group is the exclusive provider and servicer of Heila marine cranes and crane parts across existing and future UK and Ireland customers. This follows a prosperous 2021 for the engineering company which saw it celebrate its 25th

“Heila primarily manufactures marine cranes, so this agreement supports us in our growth by widening access to additional marine focused markets, such as defence, aquaculture and renewable energy, while still providing a highquality product and service to our existing energy sector customers.” Echoing this sentiment, Heila Managing Director, Dario Ricci sees Brimmond Group as an effective UK and Ireland representative: “Heila and Brimmond Group share the same values, in particular a focus on offering value to customers. This partnership ensures all customers in the UK and Ireland benefit from excellence in engineering, manufacturing and technical servicing.”

The agreement has also supported Brimmond Group to grow its crane sales team, with the addition of Stuart Gilligan, Heila’s previous UK distributor. Tom continued: “We’re really pleased to welcome Stuart, a trusted and well-known voice in the industry, to the team as a Senior Sales Manager. He joins Paul Dingwall, Technical Sales Manager for Marine Cranes and together they offer our customers over 30 years of expertise, experience and stellar service.” Another standout deal for Brimmond Group sees the company introduce a new product line by becoming the UK and Ireland distributor and servicer for KAMAT within the oil and gas, marine, aquaculture, and renewable sectors. KAMAT is a globally leading provider of specialist high pressure pump technology. Tom said: “Our agreement with KAMAT allows us to provide our customers with a superior product, offering higher quality, better durability and longer intervals between servicing.” Previously, Brimmond Group was the UK distributor for Effer cranes. The company will continue to offer servicing and support to existing Effer customers in the UK and Ireland.

CONTRACT AWARDS SPONSORED BY

ON THE MOVE SPONSORED BY

Norman Broadbent

Michael Wallace, Client Partner

We have a simple and straightforward objective: to help our clients manage and successfully drive change, mitigate risk, grow, and succeed.

www.normanbroadbent.com

Our portfolio of integrated Leadership Acquisition & Advisory Services, coupled with our #ClientFirst philosophy, collaborative innovative culture, and trusted brand, makes us a proven business partner.

Ian Funnell

Ian Funnell has been appointment as Chair of the National Nuclear Laboratory

Ian Funnell is currently CEO for Hitachi Energy UK Limited, for the UK and Ireland businesses. Ian spent nearly 2 decades at ABB in a number of different roles, including 5 years as Chief Executive Officer of ABB UK Ltd. Ian has extensive experience in a non-executive capacity, and is currently Chair, CBI North West Region; Commissioner, COVID Recovery Commission; Board Member, Energy Revolution Advisory Group, Innovate UK; and Board Member, Energy Futures Lab, Imperial College.

Martyn Smith

equity group SCF Partners

Former Valaris CEO, Tom Burke, joins private equity group SCF Partners whose portfolio includes north-east supply chain firms Centurion, Score Group and Hydrasun, as an “operating partner” working from London. Mr Burke left Valaris last year, having joined in 2019 through the merger of Ensco and Rowan. Earlier in his career, he worked as a division head at oilfield services firm Complete Production Services, one of SCF’s most successful investments.

www.ogv.energy I February 2022

Martyn Smith as COO

Smith holds 35 years of experience in reservoir and petroleum engineering and subsurface geoscience disciplines. Mr Smith previously served as Global Head of Reservoir Development at bp. Cairn Oil & Gas, a vertical of Vedanta Ltd., currently produces 170,000 boe/d and plans to invest an additional US$5 billion over the next 2-3 years. The company seeks to expand oil production to almost 500,000 b/d.

Matt TomStreet Burke

Tom Burke, joins private

Cairn Oil & Gas has appointed

Roddy Brown

Roddy Brown appointed by IK-Group as Business Development Director

Mr Brown has a wealth of experience having held previous senior business development and commercial roles in both Consultancy and Contractor markets. He has worked for KD Marine & Construction Specialists Ltd, Rever Offshore and Boskalis Subsea Services.

Graham TIver

Woodside Petroleum has appointed Graham Tiver as new CFO

Graham Tiver has held significant financial commercial and leadership roles across a range of business sectors including minerals, oil and gas. He also has extensive international experience, having worked in North & South America. Mr Tiver will become chief financial officer and executive vice president of Woodsire from February 2022. Prior to that, he was the group financial controller of NHP, with responsibility for its global accounting & reporting function and financial improvement.

Anthea McKinnell

Santos Ltd appoints Anthea McKinnell as CFO

Australian firm Santos Ltd announces the appointment of Anthea McKinnell as new Chief Financial Officer in its first move since sealing its $6 billion takeover of Oil Search, who will play a key role in selling stakes in assets in Papua New Guinea and Alaska, Anthea McKinnell was promoted, having previously been deputy to the outgoing CFO Anthony Neilson, effective immediately.

ON THE MOVE

Philip Hill

Philip Hill has joined Quadrise Fuels International as Chief Operating Officer

Philip is a Chartered Chemical Engineer and has worked for over 20 years in the bulk chemical and fuels industries having worked for BP and INEOS. Philip will be leading on project delivery and the commercialisation of MSAR® and bioMSAR™.

Kari Ertresvåg

Tone Rognstad

Aker Solutions announce the appointment of Kari Ertresvåg as Senior Vice-President for

Prior to Hydro, Ms Ertresvåg worked with communications for the European Free Trade Association in Brussels for seven years. She holds a master’s degree in political strategy and communication from the University of Kent.

that Tone Rognstad has joined the executive management team as VP People & Organisation

Communications Ms Ertresvåg has wide experience within communications and public affairs, including senior positions at the global aluminium and energy company Hydro. She has worked in Hydro since 2014, where she has held leadership roles in Hydro Aluminium Metal and Hydro Energy and been part of Hydro’s global communications management team.

Vår Energi announces

Ms Rognstad comes from the position as VP for Project Management and Control at Equinor. She has gained extensive management experience from HR and organizational development during 15 years in various leadership positions at Equinor. Prior to that, she worked for General Electric, both in Norway and internationally. Rognstad has a degree in banking and finance from BI Norwegian Business School.

Christian Martuzzi

INNOVO appoints Christian Martuzzi as a Senior Project Manager

Dr Grant Crow

Engineering and construction firm, INNOVO, has announced the appointment of Christian Martuzzi who joins the company in the role of Senior Project Manager. Based in Padova, Italy, Christian is responsible for meeting clients’ requirements for the contractual, financial and operational aspects of subsea and renewable installation and decommissioning projects. Christian graduated in Architecture from Ferrara University in 2010 and began his career at Micoperi in Italy working in the oil and gas sector where he gained significant subsea, operational and management experience. He widened his experience over the course of the next decade, working on the installation of offshore platforms and pipelines and decommissioning projects, becoming Installation Engineering Manager. Notably, Christian was involved in the Costa Concordia ship disaster recovery project for over three years, initially as Superintendent and rising to the role of Site Manager.

Elaine Safier

Elaine Safier joins 3t Energy Group as Non-Executive Director on the board

Elaine has built a career in senior positions with global companies such as Cable & Wireless, HSBC, United News & Media and AOL, helping create and shape their digital propositions. Most recently Ms Safier was Chief Digital Office for MindGym, responsible for creating a new digital e-learning proposition to complement the traditional in-person training programmes for its FTSE 100 & S&P 100 clients. Ms Safier will be responsible for providing a software as a service (SaaS) experienced perspective to the 3t Energy Group board, as well as adding her extensive business expertise and knowledge to strategic decision-making.

3t Transform, has appointed Dr Grant Crow as new managing director

Leading virtual reality and software specialist, 3t Transform, has appointed a new managing director to help realise its ambitious global growth plans. Dr Grant Crow joins 3t Transform at an exciting time as the company gears up for further growth, having already doubled turnover in the last 12 months alone. The firm, which is part of the 3t Energy Group, develops market-leading, cutting-edge training technology such as virtual reality, augmented reality, digital twins, mobile apps and software to manage competency and training. It has seen interest in its products rocket during the Covid-19 crisis as businesses speed up digital transformation programmes. Grant has a strong pedigree in the software and learning sectors having spent his career in senior roles establishing and growing several software as a service (SaaS) companies.

Content provided by Norman Broadbent

DECOMMISSIONING SPONSORED BY

www.wellsafesolutions.com

SAFE, SMART & EFFICIENT The complete package for well decommissioning Well-Safe Solutions provides a ground-breaking approach to the safe and cost-efficient decommissioning of on and offshore wells. We offer a specialist well abandonment service that allows operators to meet the challenges and regulatory imperatives around decommissioning, while significantly reducing costs.

Heerema secures decommissioning contract for DNO’s North Sea platforms Heerema Marine Contractors has secured a contract from the Norwegian oil and gas company DNO to decommission the Ketch and Schooner platforms in the UK Southern North Sea. The Dutch firm will be responsible for the integrated engineering, preparation, removal, and disposal (EPRD) of the two platforms. Installed by Heerema in the 1990s, the Ketch and Schooner platforms are tied-back to the Murdoch complex. Heerema Marine Contractors is also under contract to remove the Murdoch complex. Heerema decommissioning director Michel Hendriks said: “Heerema is proud to be the contractor of choice for the decommissioning of the Ketch and Schooner platforms. The EPRD award is the result of our ambition to remove

offshore structures of all sizes in a safe and sustainable manner. “We are especially pleased to contribute to the circularity of the project by being the installation and removal contractor, which is in line with our own sustainable circular ambitions.” Heerema said that the Ketch and Schooner platforms, after removal, will be disposed of responsibly. It will later be reused or up to 97% of it will be recycled. Heerema Marine Contractors is particularly involved in the transportation, installation and removal of offshore infrastructure.

Aker will be responsible for the reception, dismantling, and recycling of three offshore installations from the Heimdal and Veslefrikk fields.

Last month, the company selected Aker Solutions to recycle installations from the Equinor-operated Heimdal and Veslefrikk fields, offshore Norway.

The contract was awarded after Heerema Marine Contractors was contracted by Equinor for the decommissioning of the three offshore installations.

Judge rejects campaigners’ bid to curb UK oil production interpret what parliament meant by “maximise economic recovery”. She added: “Parliament could have used plain, specific language if it intended to require the OGA to assess ‘revenue flows’ or the ‘true tax position’ as the Claimants allege. It did not do so.” Campaigners had argued that oil and gas production costs UK taxpayers money.

Campaigners’ attempts to use the courts to curb UK oil production have been defeated but they are considering an appeal. The Oil and Gas Authority (OGA) has a legal duty to “maximise economic recovery” of petroleum. The UK produced over 1 million barrels of oil a day in 2020, about 1% of the world’s total. Last month, campaigners’ lawyers argued that the regulator failed to consider government tax breaks to the oil and gas sector and the broader climate change context when deciding what was “economic”. High court justice Sara Cockerill disagreed. In her ruling, she said it was not the court’s job to

www.ogv.energy I February 2022

Oil companies get paid back by government when the oil price falls and they stop making as much profit. They also receive tax breaks for the cost of decommissioning oil rigs, an expense which is expected to grow as the world reduces its reliance on oil. But Cockerill said campaigners’ legal argument was a “strained and nonsensical approach”.

Commenting the judgement, the claimants said: “Today the high court ruled against us, but accepted that the UK’s OGA can ignore the billions of pounds in public money that prop up oil and gas companies when deciding whether or not to approve oil and gas extraction.” Comparisons to other tax regimes were not discussed in court but, according to a report by former oil company director Juan Carlos Boué, the UK’s oil tax regime is far more generous to oil producers than neighbouring countries like Denmark, the Netherlands and Norway. Defending its tax regime in court, the government’s lawyer Richard Turney said oil and gas extraction was a risky business and the UK’s tax regime must strike a “delicate balance” between getting money in and encouraging oil drillers to come to the UK.

She said “negative taxation flows”, when the taxpayer pays out more than it gets, only occurred in certain years when the oil price was low.

The OGA said in a statement: “We welcome the judgment. We remain firmly focused on regulating and influencing the oil, gas and carbon storage industries to both secure energy supply and support the transition to net zero.”

Focussing on the costs of decommissioning “is to ignore the inflows which have happened… that is plainly not a reasonable approach,” she said.

The claimants said they would “confer with our legal team regarding our next steps and the possibility of an appeal”.

DECOMMISSIONING Offshore oil and gas may finally have to cough up for its $56b clean-up bill Australia’s big offshore oil and gas players face a massive spend to clean up their act after a federal government clampdown in response to the threat of a $1.2 billion bill to deal with an ageing oil vessel. Decommissioning wells, platforms and pipelines in Australian waters is estimated to cost $US40.5 billion ($56 billion) to 2050, according to a federal governmentsponsored report released in 2020, with half the work starting this decade. Companies have had three tactics to avoid this cost: sell, delay, or dump by arguing that facilities should be left in the ocean. In 2015, Woodside played the sell tactic, and it has backfired expensively on the entire industry, with tougher enforcement of decommissioning obligations. Woodside was preparing to decommission its Northern Endeavour oil production vessel in the Timor Sea then changed plans and sold it to a newly formed one-man company Northern Oil and Gas Australia.

to keep the vessel safe and prepare it for decommissioning. Oil and gas lobby group APPEA estimated the total cost could reach $1.2 billion. However, the bill will rest with the industry, not the taxpayer, after a levy on offshore oil and gas production was legislated in late 2020. Chevron, which estimated it would pay more than 20 per cent of the levy, said in a Senate submission that NOGA was “obviously lacking the appropriate technical and financial capability” and Chevron and others were forced to subsidise “the failings of companies” that benefited from the Northern Endeavour. To avoid more Northern Endeavour-like debacles, in December 2020 Resources Minister Keith Pitt tightened checks on the financial strength of buyers of offshore facilities and introduced trailing liabilities that make sellers liable for decommissioning if the new owners cannot pay.

After the sale Woodside reversed a $US95 million impairment on its 60 per cent interest in the asset indicating it and the other owner gained $US158 million ($219 million) from selling the vessel instead of decommissioning it.

Woodside’s sale complied with the law at the time but under the new regime it either would have been prevented from selling the Northern Endeavour or been forced to pay the bill when the buyer folded.

Unfortunately, NOGA did not have the financial strength to withstand technical and safety problems that cut production and went into voluntary liquidation in early 2020.

The changes were a rare case of the fossil fuel industry not getting its way with the federal Coalition government, and have halted a rush by major oil and gas companies to exit ageing Australian assets.

The responsibility for the Northern Endeavour fell to the federal government, which has committed more than $200 million so far

ExxonMobil put its half-share of its Bass Strait operation up for sale in 2019 but canned the process a year later after

Mr Pitt told it of the coming legislative changes. Italian firm ENI stopped trying to sell its assets shortly afterwards. Chevron’s stake in the giant North West Shelf project in WA has been shopped around since 2020 without success. Companies that cannot sell out of Australia are also finding continued delay to decommissioning expenditure difficult. In 2021, offshore regulator NOPSEMA started issuing directions with fixed deadlines for wells to be made safe and equipment removed. In the future, all wells must be made safe within three years of the end of production with another two years allowed to remove all equipment from the ocean. BHP was ordered to finish cleaning up the Griffin field off WA that ceased production more than a decade ago. ExxonMobil must plug 180 wells and dismantle 10 platforms at its Bass Strait operation near Gippsland that it owns with BHP. With selling and delaying becoming more difficult, the industry’s last chance to reduce its $56 billion decommissioning bill is to justify leaving equipment in the ocean forever. On this issue, the board that advises NOPSEMA thinks the industry is not facing up to its obligations. In April 2020, Woodside proposed to NOPSEMA that 23 kilometres of pipeline and a parallel cable called an umbilical at its Echo Yodel field off WA, that together contained 400 tonnes of plastic, remain on the seabed forever.

Oceaneering awarded multi-operator decom contract in Dutch North Sea and Wintershall Noordzee for the decommissioning of mud line suspension (MLS) wells that were once drilled for exploration purposes, but never became producing wells. Dutch National Platform for Re-use & Decommissioning, Nexstep, who over the past few years worked with the operators to prepare a first joint campaign, said this would be the first time that wells from this many different operators will be removed together in one campaign.

Oceaneering has been awarded a joint contract by six oil and gas operators to decommission wells in the Dutch sector of the North Sea.

The Houston-based offshore contractor has landed a deal with NAM, Neptune Energy, ONEDyas, Petrogas E&P, TotalEnergies

DECOMMISSIONING SPONSORED BY

A combined strategy was developed for the rigless plugging and abandonment of 24 standalone MLS wells, with the possibility that more wells could be added. Preparations for the well and seabed survey will commence early this year, with the joint vessel-based decommissioning campaign set to complete by December 31, 2023.

Offshore Energy Services Dashboard December / January 2021 Offshore Energy Services Dashboard December Offshore Energy Services Dashboard December/ January / January2022 2022

Offshore Field Development available from Offshore Field Development available from

$billions $billions 8080

The number of contracted drillships increased by three to 59 in December, with the US Gulf of Mexico (2) and Southeast Asia (1) accounting for the increase. Effective utilization edged up to 78%, marking an 8% increase from January, while the total fleet fell from 99 rigs to 95 during the year. Five drillships exited the fleet, while one newbuild unit was delivered. Average dayrates in the fourth quarter were $250,000/day with 8,300 drilling days awarded. The drillship sector has undergone a stronger recovery compared to semisubmersibles, with a contract backlog growth of12,000 days (36% increase YoY). Average dayrates improved by almost $100,000/day since the start of the year, driven primarily by gains in the US Gulf of Mexico. Demand for floaters in 2022 is expected to trend upward with the limited availability of drillships continuing to push dayrates higher.

www.ogv.energy I February 2022

14.6 14.6

2019 2019

8.5 8.5

2020 2020

2021 2021

2022 2022

2023 2023

Westwood’s 2022-22 outlook assumes a $60/bbl Brent oil Westwood’s 2022-22 outlook assumes a $60/bbl Brent oil price price

Subsea Tree Awards Subsea Tree Awards

Sanctioned Sanctioned Firm Firm

#XTs #XTs

2022 12 2022 12

162 162

2021 2021

118 118

45 45

Sanctioned Sanctioned Probable Probable

174 174

Firm Firm Possible Possible

FPS Throughput Additions by Year of Sanction FPS Throughput Additions by Year of Sanction kpoepd kpoepd 3000 3000 2500 2500 2000

2000 1500

LNG Gas LNG GasLiquids Liquids

1500 1000 1000500 500 0 0

2019

2020

2021

2022

2021

2022

2023

Offshore O&G EPC Awards 2021-25 by E&P Offshore EPC Awards 2021-25 by E&P $billions toO&G be awarded $billions to be awarded

124.9 31.3

31.3

19.6

14.3

14.0

19.6

14.3

14.0

12.4

11.0

9.4

7.7

9.4

7.7

7.5

7.4

124.9

Others Others

The semisubmersible (semi) fleet decreased by four in December to 53. Total utilization fell by 4% to 52% with a global fleet of 101 rigs by the end of December. The average dayrate for the fourth quarter was $211,000/day with 25 new fixtures awarded totaling around 6,000 drilling days. Semi supply declined overall in 2021, as 12 rigs were removed from service versus just one new rig delivered. The global backlog of contract days was reduced by approximately 4,600 (13%) year-on-year.

The global jackup count was at 348 in December. Effective utilization, which excludes cold stacked rigs, was 82% in December and has stayed above 80% since September. In 2021, the number of contracted jackups increased by 25, representing an 8% growth. Regarding supply, four new rigs were delivered and 16 rigs exited the fleet. Of the 16 jackups, only five were scrapped, while the remaining units were either converted into wind installation vessels, mobile offshore production units (MOPUs), or used for other non-drilling purposes. Total fleet utilization, which includes cold stacked units in the count, rose from 65% to 71% during 2021 and contracted backlog increased by approximately5,000 days (2%) year-on-year.

2020

57.6 57.6

41.9 41.9

Offshore Rig Update (JLT Updated 19 Dec, Terry reviewed on 20th Dec)

42.8 42.8

TotalEnergies TotalEnergies

Latin America and the Middle East will drive offshore EPC investments in 2022, accounting for 46% of anticipated contract value this year. In Latin America, Brazil will continue to account for the majority of regional spend due to Petrobras’ continued investment in its pre-salt basin, whilst ExxonMobil’s Yellowtail development offshore Guyana, TotalEnergies Block 58 development plan offshore Suriname and BHP’s Trion development (Mexico) are expected to support offshore O&G EPC investment in the region in 2022.

3030

QatarEnergy QatarEnergy

During the period under review, Daewoo Shipbuilding & Marine Engineering (DSME) was awarded the EPC for Chevron's Field Control Station (FCS) semi-submersible platform destined for the Jansz-Io subsea compression project offshore Australia. The contract valued at US$554 million is expected to be completed in 3Q 2025. Furthermore, McDermott confirmed an award to supply the Scarborough floating production semi-submersible (FPSS) unit. McDermott stated that it will now proceed with an integrated scope comprising engineering, procurement, construction, installation and commissioning (EPCIC) after the front-end engineering and design (FEED) for the unit was completed.

66.5 66.5

4040

Shell

As global economies cautiously emerged from strict lock downs resulting from the Covid-19 pandemic, global offshore O&G related engineering, procurement and construction (EPC) contract award value experienced a 187% increase compared to the nadir of 2020, closing at approximately US$42 billion driven by 63 offshore final investment decisions (FIDs). Looking forward to offshore O&G EPC contracting activities in 2022, there is renewed optimism, with approximately US$8.5 billion of EPC award value already recorded in the first 15 days of this year. Based on reported E&P offshore field development plans, Westwood anticipates EPC award value to total US$75 billion in 2022, driven by up to 100 FIDs and 337 subsea tree contract awards. Some of the projects deferred in 2021 have gotten off to a fast start, with QatarEnergy awarding McDermott the EPC contract for eight unmanned wellhead platform topsides, over 500km of subsea pipelines and the installation of over 225km of 33KV subsea cables for its North Field East development which is part of the North Field Expansion project.

5050

Shell

Field Development Update

6060

Equinor Equinor Woodside Petroleum Woodside Petroleum ExxonMobil ExxonMobil

www.westwoodenergy.com

Expected Expected Sanctioned Sanctioned

7070

Petrobras Petrobras

Westwood Global Energy Group are specialist providers of detailed market intelligence for the offshore energy sector, covering; offshore rigs, production facilities, subsea equipment, subsea services, offshore marine and offshore renewables and power.

PlatformLogix PlatformLogix

Offshore O&G EPCAwards Awards Offshore O&G EPC

Chevron Chevron

PROVIDED BY

SubseaLogix SubseaLogix PlatformLogix PlatformLogix

CNOOC CNOOC

STATS & ANALYTICS

SubseaLogix SubseaLogix

Westwood Westwood Global Energy Global Energy Group Group

47 Offshore Energy Services Dashboard December / January 2021 Westwood Westwood Global Energy Offshore December // January January 2022 2022 Global GroupEnergy Offshore Energy Energy Services Services Dashboard Dashboard December Group

Offshore Rigs available from Offshore Rigs available from

RigLogix RigLogix

Month on Month Backlog (Jan 1 vs Dec 1) Month on Month Backlog (Jan 1 vs Dec 1)

January Rig Counts January Rig Counts Jackups Jackups

Semisubs Semisubs

66 66

24 24

490 490 Jackups

54 54

19 19

Jackups

Drillships Drillships

Contracted Contracted

January 1 January 1

December 1 December 1

228,725 228,725

31,546 31,546

44,507 44,507

101

101 Semisubs Semisubs

30 30

348 348

RigLogix RigLogix

Available Available

95 Drillships Drillships

59 59

Stacked Stacked

204,846 204,846

28,836 28,836

44,004 44,004

Regional Rig Counts Counts (January (January vs vs December) December) Regional Month Month on on Month Month Rig

May-21 May-21

Jan-21 Jan-21

SE SE Asia Asia

Global Global

Latin Arab Arab Gulf Gulf Latin America America

NW NW Europe Europe

US US GOM GOM

0.9 0.9

SE SE Asia Asia

0.2 0.2

Latin Arab ArabGulf Gulf Latin America America

Global Rig Utilisation Effective 85% 85% 80% 80% 75% 75% 70% 70% 65% 65% 60% 60% 55% 55% 50% 50% 45% 45% 40% 40%

75% 70%

80% 80%

65%

75% 75%

60%

70% 70%

55% 50%

65% 65%

Dec-19 Dec-19 Feb-20 Feb-20 Apr-20 Apr-20 Jun-20 Jun-20 Aug-20 Aug-20 Oct-20 Oct-20 Dec-20 Dec-20 Feb-21 Feb-21 Apr-21 Apr-21 Jun-21 Jun-21 Aug-21 Aug-21 Oct-21 Oct-21 Dec-21 Dec-21

40% 40%

Dec-19 Dec-19 Feb-20 Feb-20 Apr-20 Apr-20 Jun-20 Jun-20 Aug-20 Aug-20 Oct-20 Oct-20 Dec-20 Dec-20 Feb-21 Feb-21 Apr-21 Apr-21 Jun-21 Jun-21 Aug-21 Aug-21 Oct-21 Oct-21 Dec-21 Dec-21

45% 45%

available from from available

Dec-19 Dec-19 Feb-20 Feb-20 Apr-20 Apr-20 Jun-20 Jun-20 Aug-20 Aug-20 Oct-20 Oct-20 Dec-20 Dec-20 Feb-21 Feb-21 Apr-21 Apr-21 Jun-21 Jun-21 Aug-21 Aug-21 Oct-21 Oct-21 Dec-21 Dec-21

Total 85% 85%

60% 60%

US US GOM GOM

Mar-21 Mar-21

Sep-20 Sep-20

NW NW Europe Europe

Nov-20 Nov-20

Global Global

Jul-20 Jul-20

-3.6 -3.6

May-20 May-20

Jan-20 Jan-20

Mar-20 Mar-20

1.7 1.7

Nov-19 Nov-19

Latin Latin Arab Arab Gulf Gulf America America

3.3 3.3

Jul-19 Jul-19

SE SE Asia Asia

-2.1 -2.1

SE SE

US US GOM GOM

-0.9 -0.9

-1.6 -1.6

Sep-19 Sep-19

85.00% 85.00% 80.00% 80.00% 0.4 0.4 75.00% -0.4 75.00% -0.5 -0.4 -0.7 -0.5 -0.7 70.00% 70.00% 65.00% 65.00% 60.00% 60.00%

US US GOM GOM

NW NW Europe Europe

Global Global

1.2 1.2

Europe NWEurope NW

1.8 1.8

WindLogix WindLogix

Offshore WTG WTG Awards Awards by by Status Status (exc. (exc. Mainland Mainland China) Offshore China)

#WTGs #WTGs 2500 2500

Expected Expected Awarded Awarded

Goldwind Goldwind 5% 5%

2000 2000

General General Electric (GE) Electric 17%(GE) 17%

1500 1500 1000 1000

Others Others 2% 2%

Awarded by Awarded by OEM OEM

Eastern Eastern Europe & FSU Europe 12%& FSU 12%

Siemens Siemens Gamesa Gamesa 54% 54%

2019 2019

2020 2020

2021 2021

2022 2022

2023 2023

Asia Asia 18% 18%

Expected by Expected by Reigion Reigion

Vestas Vestas 18% 18%

500 500 0 0

Ming Yang Ming Yang 4% 4%

Western Western Europe Europe 47% 47%

STATS & ANALYTICS SPONSORED BY

North America North America 23% 23%

COMPANY NEWS INSPECTION SPECIALISTS DELIVER MORE. Remote inspection specialist AISUS continues to realise new inspection capabilities across multiple areas of its business as they move into the new year, adding external inspection, drilling riser services & machine learning, further cementing their position as leaders in splash zone inspections. Machine Learning Corrosion

Providing the Oil & Gas and Renewable industries with the most advanced high-pressure cleaning, ultrasonic testing and remote visual inspection, AISUS has invested in technology and its human capital to ensure their customers are provided with industry-leading solutions for the increasingly complex challenges that they face. AISUS has seen a considerable increase in its employee headcount over the last year, with the appointment of several industry experts as well as adding to its graduate pool, in line with its commitment to identifying and developing young talent. This investment has accelerated the growth of core divisions and enhanced their service offering to industry, with visual inspection and ultrasonic wall thickness measurement of Caissons, J-Tube’s and Risers now available to all of their customers. Historically these inspection services have only been possible by accessing equipment internally in these structures, however, investment in R & D and technology has now allowed the business to develop an external solution that negates the need to remove internal operating equipment. The bespoke tool is deployed using high-tech magnetic crawler robotics and provides the same capabilities as its internal counterpart, but also

External Caisson Inspection

www.ogv.energy I February 2022

offers the addition of Pulsed Eddy Current (PEC) where required. Through the use of 4K subsea camera systems the Engineers are able to generate 3D models for assisting clients with further analysis of defects.

Inspection Under Deck

AISUS has also concentrated on the development of a data management system that will streamline their clients’ maintenance and inspection activities for splash zone related components. Using machine learning techniques, the condition of the components are predicted using the previous 10 years’ worth of inspection data. This also includes images and ultrasonic thickness measurements that have been gathered from many component types. Further augmenting the current suite of tools, the AISUS team of in-house inspection experts have also created new bespoke equipment for inspecting marine drilling risers. AISUS’ drilling riser inspection tool allows for measurement of wall thickness, weld integrity, riser bolts, riser inserts and main flanges without the need to remove buoyancy or the stripping down of equipment. Deploying the class inspections can either be onboard or on-site utilising advanced inspection techniques to provide an unparalleled riser inspection service.

Drilling Riser Inspection

AISUS are an Aberdeen based organisation that offer a suite of remote inspection solutions which have been designed to solve key industry challenges. For further information please visit www.aisus.co.uk

LEGAL & FINANCE

Bringing back the love for collaboration By Laura Petrie, Legal Director, Brodies LLP

Achieving the UK Government's target to be net-zero by 2050 will require a collaborative approach from stakeholders right across the energy industry. With increasing political and social pressures on the oil and gas sector and in light of the revised OGA Strategy, heritage oil and gas companies are re-calibrating their business strategies to reduce their carbon footprint, attract investment and position themselves as viable energy companies of our time.

As February is traditionally the month for coupling up it also seems to be an appropriate time to revisit the subject of collaboration across the energy industry. In 2019, collaboration was hailed as a key approach through which the oil and gas industry was going to reinvigorate itself and achieve an integrated energy offering. Various collaborative ventures were announced and it appeared that this form of working practice was going to become a staple of all developments and contracting frameworks. Now, the industry appears to have fallen out of love with collaboration. Just like any relationship, collaborative relationships take work and ongoing commitment. As any relationship counsellor (or lawyer) will tell you, there are some key behaviours that can help build this type of strong commercial relationship.

Empathy and Clarity

Relighting the Fire

These two behaviours go hand-in-hand. Collaborative relationships have frequently been described as ‘win-win’ structures where both parties should benefit. Achieving a win-win situation requires parties to be empathetic to each other and also to be clear from the outset what they each want to achieve. Typically this requires a shift away from traditional master and servant contracting frameworks and use of more bespoke contracting structures. This achieves a clear outcome focussed arrangement and relies less on acceptance of ‘standard’ forms that might not really be fit for purpose.

Energy integration is going to require collaboration on an unprecedent scale, bringing the oil and gas industry together with the renewables community and working with a wide range of technological innovators and regulatory bodies. Undertaking a heath check and focussing on these behaviours now will ensure that the industry is ready to ‘swipe right’ on collaboration in 2022.

Positivity and Accountablility

Partners have opted to be engage because there is a recognition that they have skills or qualities that complement each other. However, in sharing those skills and qualities there has to be an element of trust that the other party won’t take advantage of that experience or utilise the relationship for selfish reasons rather than the benefit of both parties. This is best demonstrated in collaborations by the sharing of information, particularly market sensitive data or intellectual property. Commercial trust must always be tempered by commercial reality so, just like some relationships require a pre-nup, so too should any data-sharing be preceded by a non-disclosure agreement.

Any relationship will be irreparably damaged once one party no longer has conviction in that relationship. This is especially true with this type of joint working relationship. If any party is less than enthusiastic about the structure or the outcome then they will not be engaged in the works. Goal setting, milestones and shared rewards built into the contracting structure can help maintain focus and conviction in achieving the parties’ goals. These contractual tools also help the parties demonstrate accountability without the need for constant supervision or ‘man-marking’ and act as a way of monitoring progress and engagement.

Trust

Efficiency All too often, oil and gas projects have been accused of gold-plating and over leveraging or man-marking. Smaller, task-focussed teams and shorter lines between the work and the key decision makers are needed to ensure collaborative work can be effected in short order. Meetings are crucial to working in this way but should always follow a clear agenda and consideration should be given as to whether shorter one-to-one meetings might have more impact than lengthy multi-party meetings. All these arrangements and procedures can be captured in a suitable working agreement so all parties know what is expected from the outset.

www.ogv.energy I February 2022

Brodies LLP Aberdeen lawyers · banking & financial services · corporate & commercial · litigation & dispute resolution · real estate · personal & family law. Phone: 01224 392242 - Appointments: brodies.com

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TELL US A LITTLE MORE ABOUT VENTUR As Ventur, it’s important to us that we’re constantly evolving to meet and exceed customer needs – that’s what makes us The Travel Partner. Customers are always at the heart of what we do, whether it’s understanding the often-urgent nature of enquiries, ensuring travellers are safe or simply helping them navigate a complex travel landscape, they can rely on our expert team to get them to their ‘there’ seamlessly. We help them travel safely wherever they need to be – whether they’re travelling to industryleading conferences, carrying out essential work or building relationships with business associates across the world, we’re here to help them every step of the way.

LISTEN TO VENTUR FURTHER

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OFFSHORE TECHNOLOGY CONFERENCE 2022 2-5 MAY - HOUSTON, USA

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Compelling insights, inspirational people and stories of growth are being shared on Ventur’s weekly podcast, Ventur Further. With new episodes released every Tuesday, Ventur Further sees Ventur’s board advisor, Peter Wilcock, invite guests from musical, sporting, business and adventure-seeking backgrounds to discuss career journeys, life stories and their personal inspirations.

LONDON ENERGY FORUM 2022

ALL-ENERGY 2022 11-12 MAY - GLASGOW, UK

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VIEW ALL EVENTS AT www.ogv.energy/events

FOLLO US NO W W! #oilan dgas jobs

We are the UK’s biggest energy sector training provider. At AIS Survivex we are passionately focused on allowing people to fulfil their potential, be better prepared and more confident in their job role to maximise their career opportunities. Ultimately we want to make the energy industry as a whole safer, smarter and more efficient through better training.

#OILANDGASJOBS We work in partnership with energy sector companies and recruiters to host regular careers events... Follow us on social media for details on our oil & gas jobs events coming in 2022!

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OGV Energy - Issue 53 - February 2022 - The Subsea Issue

Articles inside

Bringing Back The Love For Collaboration

Inspection Specialists Deliver More.

V-TES Renewables Delivers Electrical Engineering Excellence

Introducing The New OWIC Military Working Group

Industry DataOps Help Oil and Gas Industry Cut Costs and Carbon

The Importance of Strong Foundations in Realising the Value of Data

The Industry App Store® from Intelligent Plant Allows The Efficient, Secure Distribution and Analysis of Data

EODEX Expertly Delivering All Aspects of Offshore UXO Services

SUBCMAR - Subsea People Solutions

J+S Subsea Announced as Finalist in Prestigious Awards

Bridging the Gap Between ROVs and AUVs: Utilising autonomy to make accurate surveys easier than ever before

Proserv: Reputation for Subsea Excellence and Innovation Driving Strong Performance

Subsea Expo 2022 makes welcome return to explore oceans of opportunity

Subsea Sector Set For Continued Recovery in 2022

Middle East Energy Review

US Energy Review

Europe Energy Review

Hiretech Completes Largest Reel Build To Date

UK North Sea Energy Review

Rotech Subsea Expands Team and Unveils New Cable Jet Trencher as it Tools up for Global Expansion