Buyuma Weekly Energy Roundup(Wk 24)

Hello There,

Welcome to this week's?Buyuma roundup newsletter covering?the latest energy?news that made waves.

Strohm, the world’s first and leading producer of Thermoplastic Composite Pipe (TCP), has been awarded a €3M contract to supply carbon fibre/PA12 composite jumpers to Aker Solutions to support work being carried out at TotalEnergies’ Moho Infill project in the Republic of the Congo.

Below are?updates that made the headlines in the Oil and Gas industry

TechnipFMC and Chevron ink 20-year framework agreement

TechnipFMC has signed a 20-year framework agreement with Chevron Australia under which it will provide its subsea production systems to the energy giant.

Under the framework agreement, TechnipFMC may provide its Subsea 2.0 configure-to-order subsea production systems for gas field developments off Australia’s northwest coast.

The deal covers the supply of wellheads, tree systems, manifolds, controls, flexible jumpers, and flying leads.

The production systems will be manufactured at TechnipFMC’s dedicated Subsea 2.0 facility in Nusajaya, Malaysia.

Ikon Science introduces?4D inversion technology tools

Ikon Science, global provider of geo-prediction and open subsurface knowledge management software and services, has introduced its 4D inversion technology tool. This seismic and well data investigation tool is featured in RokDoc 2023.3.

As subsurface exploration becomes increasingly complex, there's less room for error. For exploration and production activities, quantitative interpretation workflows must produce not only a precise prediction of properties but also a good understanding of uncertainties. Ikon’s Time-Lapse Ji-Fi app offers complete 4D fluid tracking capabilities for production and injection scenarios and is applicable in most hydrocarbon production campaigns - and Carbon Capture Utilisation and Storage (CCUS) efforts. The new app provides integration of workflows for a consistent 4D analysis of reservoirs.

As new rock physics models unlock functionality to a larger family of geologic plays and workflows, additional sand, shale and carbonate rock physics models that capture compaction, and clay evolution have been added to the RokDoc and rock physics modelling function (RPML) libraries. Also, a new fractured-carbonate rock physics model for feasibility and prediction of fracture density streamlines data sharing and integration with geomechanics workflows.

Deep QI machine learning and rock physics functions automation is expanded with XGBoost, which is now combined with grid search for parameter tuning. This machine learning property prediction and automated RPML algorithm is further augmented to directly calibrate mineral volumes in rock physics models.

Strohm Wins Contract to Supply Thermoplastic Composite Pipe Jumpers for TotalEnergies' Moho Infill

Strohm, the world’s first and leading producer of Thermoplastic Composite Pipe (TCP), has been awarded a €3M contract to supply carbon fibre/PA12 composite jumpers to Aker Solutions to support work being carried out at TotalEnergies’ Moho Infill project in the Republic of the Congo.

The TCP will be provided in six lengths of 90m each, with the TCP fittings being directly welded onto the diverless connectors, providing a seamless connection from end to end.

The jumpers, which will be delivered by the end of this year, will be produced at Strohm’s manufacturing facility at its headquarters in the Netherlands and will be used to provide gas lift service and enhance production.

TCP is a fully non-metallic, corrosion-resistant solution. Due to the use of carbon fibres, it is exceptionally resistant to fatigue-based failures, marking it a perfect choice for any dynamic application, from jumpers to flowlines and risers, including sweet and sour hydrocarbon, water, and gas service. The carbon fibre TCP is qualified to DNV-ST-F119 standards and designed to withstand pressures of up to 10,000psi.

The $10bn Moho Nord subsea project, which became operational in 2017, is located around 75km off the Congolese coast. It is the first deepwater offshore project in Congo at water depths ranging between 650m and 1,200m and the largest oil project ever undertaken in the country.

Fabienne Ellington, VP Africa, Middle East & Asia-Pacific at Strohm said: “We are proud to be supporting Aker Solutions once again with this new order, and to provide our strong, corrosion free and field-proven solution to TotalEnergies.”

Strohm’s TCP is manufactured at the company’s 24/7 production facility and headquarters in IJmuiden, the Netherlands, which has been recently upgraded allowing it to produce 140km of its lightweight technology per year.?

Equinor Selects Aker Solutions for Eirin Field Subsea Production System and Control Umbilical

Norway's Aker Solutions has received a Letter of Award (LOA) from the oil and gas firm Equinor to provide the subsea production system and control umbilical for the Eirin field development, located in the North Sea, offshore Norway.?

The development concept is a subsea tie-back to the Gina Krog platform, using existing facilities and infrastructure.?

"The final contract award for the Eirin development is subject to Equinor and partners’ approval and final investment decision as well as final contract negotiations. If the final contract is awarded to Aker Solutions, the company expects to book a sizeable order intake related to this project," Aker Solutions said.

Aker Solutions defines a sizeable contract as being between NOK 0.5 billion (currently around $47 million) and NOK 1.5 billion (currently around $141 million)

Aker Solutions said it would start preparatory works to ensure the timely delivery of the subsea tie-in project.?

The scope of work covers a complete subsea production system including two vertical subsea trees; one 2-slot template including manifold with HIPPS; control system; control umbilical as well as associated equipment. Major deliveries will be scheduled for 2024 and 2025.?

The Eirin field was discovered north of the Sleipner and Gina Krog field in 1978.

'Industry-First' for Odfjell Technology in Blowout Preventer Cleaning

Offshore drilling, well, and engineering services provider Odfjell Technology has achieved "an industry-first" for cleaning blowout preventers (BOPs), reaching a 50% time reduction during a trial.

Over a test period of six months, Odfjell Technology revised the procedure for cleaning the BOP on the Johan Sverdrup platform offshore Norway by increasing the pump rate to allow more water flow into the BOP cavities to aid debris removal, the company said.

The annular and variable rams were flushed with two passes at the new recommended flow rates to remove debris, then the BOP stack was flushed at the same rate using Odfjell Technology’s RizeRdillo Advanced Jetting Tool. The flow rates went from 1500 litres per minute (LPM) to 5500LPM while flushing the annular and from 3000LPM to 5500LPM while flushing the BOP, Odfjell Technology said.

According to Odfjell Technology, Results from the successful test period proved that no damage occurred to the BOP and annular with the recommended pump rates, and between six and 12 hours of time could be saved using this new procedure.

"The RizeRdillo Advanced Jetting Tool allows for higher pump flow rates, enabling a larger volume of fluid with less pump pressure. This maximizes riser cleaning efficiency to reduce operating costs and non-productive time," the company said

That's it for this week. Until next time, Cheers!