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November 2011 Issue

Oil, Gas Industry Skills Could Slash Costs for Offshore Wind
By applying skills from the oil and gas industry, the offshore wind industry could see a potential 12 to 20 percent reduction in costs, saving millions of pounds, Scott Enterprise reported in its "Guide of Offshore Wind and Oil and Gas Capability."

Published in September, the report stated the cost of energy would be reduced by 0.5 percent or more if the offshore wind industry reduced its capital expenditures by 20 percent, which could be achieved through streamlining the development process, especially installation and maintenance. The oil and gas supply chain has many capabilities covering all of the support services required by offshore wind, the report said.

"Reductions in costs will be expected through increased competition, new manufacturing technologies and installation methods," according to the report. "The experience of the oil and gas supply chain can be a significant driver in the move towards cost reductions."

An analysis of recent offshore wind projects indicates that capital costs have started to level off, ranging between £2.8 and £3.3 million per megawatt installed. These relatively high costs will be maintained for some time, the report stated, and the move into deeper waters will also place pressure on cost. For more information, visit www.scottish-enterprise.com.

Teledyne Contracted to Develop High-Power Subsea Interconnect
Cameron do Brasil Ltda (Taubaté, Brazil) has awarded Teledyne Oil & Gas (Daytona Beach, Florida) a contract to design and deliver a subsea high-power electrical interconnect system for a deepwater oil field in Brazil, Teledyne Oil & Gas announced in September.

Teledyne Oil & Gas will be responsible for the development phase of a subsea system that will supply power to an electrical submersible pump to increase oil production. Deliverable hardware prototypes will be installed in 2013. Teledyne said the deal is its largest development contract yet. For more information, visit www.teledyneoilandgas.com.

Oil and Gas Training Center Opens in Northern Iraq
Gulf Technical & Safety Training Centre (Mussaffah, Abu Dhabi) has opened a facility in Erbil, Iraq, and will provide training courses in safety, firefighting, first aid, risk management and environmental awareness.

The center will also offer short-term technical training programs in geology, reservoir engineering, well intervention and drilling, as well as long-term competency-based training programs for operations, maintenance and mechanical and electrical activities. The center has state-of-art simulators for courses in areas such as drilling, wireline, coiled tubing and production testing.

The training center said it is the first to offer a drilling diploma, and well testing and design analysis accredited by the International Association of Drilling Contractors. For more information, visit www.gulftech.ae.

GE's Drilling Equipment to be Used in OGX Oil Fields
GE Oil & Gas (Florence, Italy) announced in September that it has been awarded four-year contract worth up to $230 million from OGX Petróleo e Gás Ltda. (Rio de Janeiro, Brazil).

With $32 million of formal orders already signed, GE will provide a subsea template/tieback design that will enable OGX to have flexibility between wells predrilled with semisubmersible rigs and wells drilled directly from three fixed platforms. GE said this concept, which has been proven in similar projects in West Africa, will help OGX to boost initial production by maximizing the use of the predrilled wells.

The equipment will be deployed in the Waimea and Waikiki oil and gas fields in the Campos Basin 60 kilometers offshore Brazil in water depths of 120 to 140 meters. OGX plans to drill a significant number of production wells in the next four years, GE said.

Shipments will begin in the first quarter of 2012 and continue until the end of 2015. For more information, visit www.ge-energy.com.

Panel Calls on Industry to Hasten Adoption of New Technologies
Oil and gas company delegates speaking at Offshore Europe 2011 in September urged the industry to focus on the benefits of emerging technologies and support their development, instead of pursuing restrictive cost-reduction measures.

During a seminar on barriers to implementation hosted by the nonprofit Industry Technology Facilitator (ITF), four speakers highlighted the difficulties technology developers face, as well as solutions to help bring technology from concept design to full field deployment more quickly than the 16-year-plus U.K. average.

ITF managing director Neil Poxon said service companies and operators should work more closely with one another to identify their technology needs and to help get solutions through the development process.

"Operators should also be encouraged to focus on the value new technologies can add to their projects rather than looking at cost reduction measures," he said.

Speaking from an investor's perspective, Greg Herrera, a partner at Energy Ventures, said innovation and technology will be fundamental in delivering lower-cost production of oil and gas over the next 15 to 20 years, during which developers will need to be realistic about timescales and capital needs when starting a project.

"Projects also stand a greater chance of success if the development team has industry-recognized personnel who bring credibility and good contacts with them," Herrera said, adding that understanding the needs of target markets would help avoid delays.

Other delays could result from personnel changes in collaborating with operators and complex supply chains, said Emma Perfect, managing director and chief scientific officer for LUX Assure. She also said expensive patent protection can discourage development. For more information, visit www.oil-itf.com.


2012:  JAN | FEB | MARCH | APRIL | MAY | JUNE | JULY | AUG | SEPT | OCT | NOV | DEC
2011:  JAN | FEB | MARCH | APRIL | MAY | JUNE | JULY | AUG | SEPT | OCT | NOV | DEC

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