6 |
Oilfield Technology
August
2015
World news
August 2015
Diary dates
To read
more
about these articles
and for more event listings go to:
Web news
highlights
Ì
Bright side to falling oil prices?
Ì
Trelleborg introduces oil and gas
sealing website
Ì
Energy East pipeline price tag goes up
Ì
Offshore Europe 2015 welcomes
newcomer Sulzer
3M completes acquisition
of Capital Safety
3M has announced that it has completed its
acquisition of Capital Safety from KKR for
a total enterprise value of US$2.5 billion,
including the assumption of approximately
US$0.7 billion of debt, net of cash acquired.
3M’s Personal Safety business provides
respiratory and hearing protection
solutions that help improve the safety
and security of workers. The business
also supplies products and solutions in
other safety categories such as reflective
materials for high-visibility apparel,
protective clothing and eyewear, among
others.
On a GAAP reported basis, 3M
estimates the Capital Safety acquisition
to be US$0.04 per share dilutive to 2015
earnings, all of which will be incurred in
the third quarter.
3M’s 2015 earnings guidance of
US$7.80 to US$8.00, announced on 23 July,
2015, excluded the estimated impact
from its pending acquisitions of Capital
Safety and Polypore’s Separations Media
business at that time. The acquisition of
the Polypore Separations Media business
is still pending completion.
13 - 16 September, 2015
AAPG ICE
Melbourne, Australia
E:
28 - 30 September, 2015
8
th
Petroleum Geology Conference
London, UK
E:
28 - 30 September, 2015
SPE ATCE
Houston, USA
E:
18 - 23 October, 2015
SEG Annual Meeting
New Orleans, USA
E:
27 - 29 October, 2015
LAGCOE
Lafayette, USA
E:
Statoil:
Peregrino
FPSO marks 100 million bbls produced
After just four years in production, the Peregrino field in the Campos basin offshore Brazil has
passed a significant milestone, with 100 million bbls produced since April 2011.
The Peregrino field includes two fixed drilling platforms (WHP A and WHP B), and the
floating production and storage unit FPSO
Peregrino
.
The field, jointly owned by Statoil and Chinese Sinochem, achieved the milestone on
2 August. Pål Eitrheim, Manager of Statoil Brazil, said “We are pleased to have reached a major
milestone in our Peregrino operations,”
“Peregrino demonstrates the power of possible, and we are proud to operate a project
that is both exciting and challenging. These results reflect the professionalism of our people,
and the application of technology developed by Statoil, in Brazil and elsewhere. We are
constantly learning and we look forward to reaching new milestones as we continue to
develop this large field.”
According to a report published by the Brazilian National Agency of Petroleum, Natural Gas
and Biofuels (ANP) in March 2015,
Peregrino
is Brazil’s eighth largest field, and has the second
heaviest oil ever produced in Brazil.
The operation includes two fixed drilling platforms (WHP A and WHP B), and a floating
production and storage unit (FPSO
Peregrino
), with a production capacity of 100 000 bpd. Statoil
holds a 60% stake and is the operator of the field, while Sinochem holds the remaining 40%.
With an excellent track record,
Peregrino
has achieved all production, efficiency, cost and
safety targets in 2014.
INPEX to undertake
exploratory drilling
INPEX Corporation has announced that
it has been commissioned by the Agency
of Natural Resources and Energy of the
Ministry of Economy, Trade and Industry
(METI) of Japan to drill one exploratory
well for the agency’s ‘Heisei 26~28
Domestic Offshore Drilling Programme
in Japan’. The objective of the drilling
project is to determine the presence
of hydrocarbon deposits and conduct
geological studies.
The exploratory well will be drilled in a
location offshore Yamaguchi and Shimane
prefectures where in 2011, the Japanese
government conducted a geophysical
survey from the seismic survey vessel
Shigen
as part of its Domestic Oil and
Natural Gas Exploration Project, and where
INPEX conducted a 3D geophysical survey
in 2013 based on the earlier survey.
INPEX plans to drill the exploratory
well beginning in May 2016 until August of
the same year at a location approximately
140 km north of Yamaguchi Prefecture
and approximately 130 km northwest
of Shimane Prefecture, in water depths
of 210 m.
