UTEC Appoints New Head of Finance
UTEC Survey, an Acteon company, has announced the appointment of Caroline McGovern as its new Head of Finance. Before joining UTEC, Caroline was the CFO for MOL Energy UK where she was a founding director of the business which grew to comprise ownership of 20 North Sea exploration and production licenses. Prior to that, Caroline was Finance Manager for EnQuest PLC, where she spent four years leading and supporting the finance function through their initial IPO listing on the U.K. stock market, and the company’s subsequent asset consolidation and growth period.
Aberdeen Pupils Peek into Subsea Oil & Gas Technology
Pupils at an Aberdeen primary school were given a rare insight into the depths of the oil and gas industry’s subsea sector after getting to sit in the driving seat of a remotely-operated vehicle (ROV) simulator. The Tullos Primary visit to i-Tech was organised by EnQuest as part of the company’s ongoing commitment to encouraging youngsters to consider a career in the oil and gas industry. Around 20 primary five pupils were shown why ROVs are increasingly becoming pivotal to the critical path of subsea operations during the tour at i-Tech…
EnQuest Exits Tunisia
EnQuest PLC announced today that it has exited from its small investment in Tunisia. In May 2013, EnQuest announced an agreement to acquire interests in the Didon producing oil field and the Zarat permit, from PA Resources AB and certain of its subsidiaries (‘PAR’), PAR was to retain a partial interest in the assets following EnQuest’s acquisition. In August 2014, EnQuest announced that the acquisition of Didon had completed in mid-July and the consideration of $23 million was to be kept in escrow pending an appropriate response from the Tunisian authorities.
EnQuest Reports Strong Production Growth
EnQuest reported its production from 1 January to 31 October 2014 averaged 27,567 Boepd, up c.19.2% on the same period last year. This reflects strong production from EnQuest's existing hubs and from the newly acquired assets in Malaysia and Tunisia, which produced 2,688 Boepd. EnQuest reiterates production guidance for 2014 of between 25,000 Boepd and 30,000 Boepd for the full year. * Alma/Galia. On course for first oil in mid-2015, following sailaway in spring 2015; construction work on the FPSO* is now substantially complete, with commissioning well underway.
EnQuest Donates Life Saving Equipment
Northeast charities and golf clubs benefit from EnQuest’s $120,000 donations. Fifteen golf clubs across Aberdeen City and Shire have been gifted life-saving equipment worth a total of more than $24,000 by leading North Sea oil producer, EnQuest, in partnership with safety training and offshore services specialist, Falck Safety Services. Automated external defibrillators (AEDs) were donated to each of the clubs following EnQuest’s annual charity golf day in June which raised more than $120…
EnQuest Selects Technip for Mega Subsea Contract
Technip was awarded by EnQuest earlier this year a large(1) engineering, procurement, installation and construction (EPCI) contract for the Kraken development located in the North Sea, 400 kilometers North-East of Aberdeen and 130 kilometers East of Shetland, at a water depth of approximately 120 meters. - pipeline flooding, hydro testing and leak testing. Technip’s operating center in Aberdeen, United-Kingdom, will execute the contract. The Group will leverage its unique vertical position in the subsea business.
EnQuest Marks 11 Years of Safety Achievements
Independent oil producer EnQuest has achieved a safety milestone after recording a total of 11 years without a lost time incident (LTI) across three of its North Sea producing assets. The Heather drilling team achieved eight years without an LTI, and during this period EnQuest completed its return to drilling (R2D2) project which led to the start-up of drilling on the platform for the first time since 2006. The R2D2 project is part of a redevelopment program that will extend the life of the Heather platform, which has twice faced decommissioning in the past, to around 2030.
New North Sea Office for EnQuest
EnQuest will have a new North Sea base in the Granite City after planning permission was granted for an office development on the derelict Aberdeen Seafood Park site in the harbor area. The firm, which is a U.K. independent oil producer in the U.K. North Sea, currently employs around 500 people at two locations in Aberdeen. The new building will have the capacity to accommodate up to 800 people and will enable EnQuest to consolidate its workforce under one roof. David Heslop, EnQuest’s Managing Director UKCS…
North Sea, UK Sector, Contracts for KCS Deutag
KCA Deutag has won significant subsea drilling operation & maintenance contracts from core clients Total E&P UK, EnQuest & CNR International (CNRI). The company was awarded a contract with Total E&P UK to provide drilling operations and maintenance services on the Alwyn North and Dunbar platforms. Both contracts have already commenced and have a firm two year commitment with options for an extension of up to two years. Secondly, EnQuest has also signed a significant contract with…
UK Tax Break Rejuvinates Elderly Offshore Field
EnQuest PLC, UK North Sea oil producer, has secured a brownfield tax allowance to fully exploit its Thistle oilfield. David Heslop, general manager for EnQuest in Aberdeen, explained: “Before EnQuest acquired Thistle in 2010, production was declining and, coupled with ageing infrastructure, it was approaching the point where production may have stopped. As a result of our investment so far, which has included facilities and safety systems upgrades, a major rig reactivation programme and drilling of five new wells, production has significantly increased.
Jumbo Wins EnQuest Offshore Contract
Jumbo has been awarded a North Sea FPSO mooring, installation and hook-up contract by EnQuest. EnQuest is redeveloping the Ardmore and Duncan fields as Alma and Galia respectively. The project scope is the mooring spread installation and FPSO tow out and hook up. This will be the first offshore project in which Jumbo will act as the main contractor and not as a subcontractor. EnQuest is redeveloping the Alma and Galia fields, located in Blocks 30/24, 30/25 and 30/29, 310km south-east of Aberdeen in the UK North Sea.
New Safety Milestone for EnQuest
EnQuest PLC, the largest UK independent production company in the UK North Sea, has reached a new North Sea safety milestone by recording five years free of Lost Time Incidents (LTIs) on drilling operations in the Thistle field. The LTI achievement covers a period of major operational activity which saw EnQuest bring Thistle drilling back online to drill its first new wells in 20 years. EnQuest’s drilling team, supported by a KCA Deutag drill crew, an Aker well services crew and a range of other offshore contractors have taken Thistle from a rig upgrade through to rig start up…
Fabricom Awarded North Sea Contract by EnQuest Britain Ltd
Newcastle-based facilities engineering company, Fabricom Offshore Services, announced that it has been awarded a major contract valued at more than £1million by EnQuest Britain Ltd, one of the UK’s leading independent oil and gas players. Fabricom is to support Aberdeen-based EnQuest in undertaking a significant programme of modifications and upgrades as part of a project to extend the operating life of the Thistle Alpha platform, which is located 275 miles north-north east of Aberdeen. The work is part of EnQuest’s Late Life Extension (LLX) strategy.
Blohm + Voss Wins FPSO Conversion Work
Germany's Blohm+ Voss signed an agreement for the conversion and vessel life extension for the FPSO unit EnQuest Producer (formerly known as Uisge Gorm). oil tanker into the FPSO Uisge Gorm, the vessel has been at the yard since January 16, 2012 and is scheduled to remain in Hamburg for 17 months. Following a bidding phase of around 12 months as part of an international tender process, Blohm + Voss Repair was able to win the contract in early February 2012. From the vessel's arrival to the signing of the contract…