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Keppel Subic to build Malampaya compression platform On December 7th 2012, Shell Philippines Exploration B.V. (Shell), Chevron Malampaya LLC (Chevron), Philippines National Oil Company Exploration Corporation (PNOC) will celebrate the kick off of the Malampaya Phase 3 project with a “Strike steel” ceremony in the Keppel Subic Shipyard in Zampales, Philippines. This Malampaya Phase 3 project […]

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Definition Tie-back in the offshore oil and gas upstream activities refer to the connection of additional risers to the floating vessel or platform. Comments Originally the offshore oil and gas industry used to focus on large fields that could be explored and produced in drilling strait below the floating vessel or the platform. But the high […]

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Definition Drilling charter refers to the decision of an operator to lease or hire the drilling rigs instead of using its own ones. The service company renting its drilling rig to an operator is called the charterer. Comments In the past each operating company used to have their own drilling rig for oil and gas […]

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Definition The Topsides are the surface installations allowing the drilling and/or production and/or processing of offshore hydrocarbons. Comments Normally used as a plural the Topsides comes from the ship building industry to designate all the portion of the ship coming on the top of the hull or above the waterline. Then it applies on the […]

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Statoil validated concept for $4 billion Dagny and Eirin oil and gas fields development       Partners and actual interests in Dagny are split between:  – Statoil 58.5%  – ExxonMobil 33%  – Total 6.5%  – Det norske oljeselskap 2%. The final distribution of ownership interests will be subject to negotiations in the period leading up to […]

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Definition FPSO is the acronym of Floating Production Storage and Offloading. A FPSO unit is a floating vessel used in the oil and gas industry to treat the oil and gas and condensates offshore before their transportation to the land by pipeline or shuttle vessels. Comments The FPSO is a multi-functions vessel for the processing of the oil […]

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Statoil, ENI and Petoro expect more to come from Skrugard and Havis exploration The Skrugard and Havis fields are located 5 kilometers from each other at a vertical depth of 1740 meters below sea level at a water depth of 388 meters in the PL532 licence area which was awarded in 2009 in connection with the […]

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