Oilfield Technology - May/June 2020

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6 | Oilfield Technology May/June 2020
World newsMay/June 2020
Diary dates
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highlights
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BP predicts impairments of up to
US$17.5 billion in 2Q20
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Bahamas Petroleum and Columbus
Energy Resources set to merge
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Total needs to cover US$12 billion
shortfall
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TGS completes Santos Basin survey
3D Oil farms out
Otway Basin permit
3D Oil (TDO) has announced that its
subsidiary 3D Oil T49P has completed
the farm-out of T/49P in the offshore
Otway Basin to ConocoPhillips Australia
(COP).
COP will hold an 80% interest in the
permit and become operator. TDO will
receive a AUS$5 million cash payment
in recognition of previous permit
expenditure and COP will undertake the
acquisition of a 3D seismic survey of not
less than 1580 km2 within the permit,
to which TDO will make no financial
contribution.
Upon completion of the acquisition,
processing and interpretation of the
3D seismic survey, COP may elect to
drill an exploration well which will fulfill
the current Year 6 work programme
obligation. In the event COP elects to
drill such exploration well, TDO will be
carried for up to US$30 million in drilling
costs after which it will contribute 20% of
drilling costs in line with its interest in the
permit.
Aker Solutions awarded
GoM umbilicals contract
Aker Solutions has been awarded
a contract from Subsea 7 to deliver
umbilicals for Murphy Exploration
and Production Co. – USA’s
King’s Quay development, located in the
US Gulf of Mexico.
The work scope includes 22 km
(14 miles) of dynamic steel-tube
umbilicals and distribution equipment
to connect the King’s Quay floating
production system (FPS) to the Samurai,
Khaleesi and Mormont deepwater
developments.
The King’s Quay semisubmersible
FPS will be located approximately 280 km
(175 miles) south of New Orleans in the
Green Canyon area.
The engineering, design and
manufacturing of the umbilicals and
distribution equipment will take place at
Aker Solutions’ facility in Mobile, Alabama,
US. The work starts immediately and the
delivery is planned for 4Q21.
The contract will be booked as order
intake in 2Q20.
20 – 22 July 2020
URTeC 2020 Online
9 – 12 November 2020
ADIPEC 2020
Abu Dhabi, UAE
24 – 26 November 2020
OSEA 2020
Singapore
8 – 11 December 2020
EAGE Annual Conference & Exhibition
Amsterdam, the Netherlands
To stay informed about the status
of industry events and potential
postponements or cancellations
of events due to COVID-19, visit
Oilfield Technology’s events listing page:
Wood aims for 40% reduction in carbon emissions
Wood has set a target to reduce its scope 1 and 2 greenhouse gas emissions by 40% by
2030. This absolute reduction target is set using 2019 figures as a baseline – the baseline
figure being used is 179 587 t CO2e.
The company will formally submit its targets to the Science Based Targets Initiative
(SBTi), a globally recognised body that champions ambitious corporate climate action.
Wood’s target is designed to put the company on a trajectory well beyond the 2°C
temperature goal identified by the Paris Agreement, as it continues to take action to
reduce its carbon footprint.
Wood’s commitment to these targets covers wind, solar, carbon capture and storage,
hydrogen and waste to energy, as well as solutions to help oil, gas and chemicals clients
achieve their own decarbonisation targets. It also includes work in the built environment,
designing, planning and delivering sustainable and less carbon intensive infrastructure, as
cities continue to grow.
To achieve its commitment to a low carbon future, Wood will focus on global
efficiencies including minimum standards to reduce carbon intensity from its sites,
equipment and vehicle use, the increased utilisation of renewable energy sources and
more sustainable procurement policies.
The SBTi is a collaboration between CDP, the United Nations Global Compact, the
World Resources Institute and the Worldwide Fund for Nature, and one of the We Mean
Business Coalition commitments.