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SHIPSEEKER -Offshorenews

Odfjell Drilling Ltd.: Amendment and extension of Deepsea Bergen facility

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Odfjell Rig II Ltd., a subsidiary of Odfjell Drilling Ltd. and rig owner of Deepsea Bergen, has today received a firm offer from its bank syndicate to amend and extend its senior secured term loan facility.

At closing of the amendment, which is expected ultimo August 2017, the facility amount will be USD 66 million following the originally scheduled repayment of USD 14 million in August. Scheduled instalments under the amended and extended facility will thereafter be USD 6 million in December 2017, USD 3.5 million in September 2018, USD 3.5 million in December 2018 and USD 7 million quarterly thereafter. A balloon of USD 4 million shall be paid together with the final instalment.

An initial cash collateral will be established as security for the facility. The cash collateral is reducing and is expected to be USD 13 million at year-end 2017 and shall be further reduced from Q1 2019.

Maturity of the facility will be 30 September 2020, subject to termination options for the lenders if the borrower, first time 12 months after closing and quarterly thereafter, is unable to document necessary backlog for Deepsea Bergen.

Interest shall be payable at LIBOR plus 3.95%. Financial covenants apply at Odfjell Drilling group level and are identical as for other facilities in the group.

Oilfield services company selects IFS Applications 9 to support growth

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Photographer: IFS
Photographer: IFS

Petro Well Services AS to optimize onshore and offshore business operations in two regions

IFS , the global enterprise applications company, announces that oilfield services company Petro Well Services will implement IFS Applications™ 9 to streamline operations. The solution was sold and will be implemented by IFS’s Scandinavian partner Addovation , a member of the IFS Partner Network . It will be deployed as a cloud solution on Microsoft Azure.

Petro Well Services AS is a provider of a cost efficient, innovative rig concept for Plug & Abandonment of offshore oil wells to significantly reduce Oil Operators’ total platform decommissioning costs.

Following a thorough evaluation, the company decided to implement IFS Applications 9 in Norway and Scotland to optimize key processes within the company, creating a more effective and transparent supply chain and building a closer connection to the customers. This will be achieved by using IFS Applications’ powerful support for supply chain management, finance, HR, projects, maintenance, and sales & service. Petro Well Services will be using several of the new IFS Applications 9 features, including preconfigured IFS Lobbies.

By deploying IFS’s preconfigured industry solution for Offshore Service, the company will benefit from a rapid and cost-effective implementation process with a go-live date in December this year.

“IFS and Addovation have a proven track record within the Oil & Gas industry and were chosen because IFS Applications is able to solve all our needs within one integrated standard solution,” Samuel Murén, CEO of Petro Well Services AS said. “Our processes are quite complex, and IFS Applications will enable us to manage those easily and with great transparency across the organization. The rapid and cost-effective implementation process, thanks to preconfigured industry templates, was also a key reason for choosing IFS.”

Glenn Arnesen, CEO of IFS Scandinavia added, “This is a great win for IFS and our partner Addovation. It is also a testament to our ongoing success in the oil and gas industry and how we continue to deliver a fully integrated ERP solution using a cost-effective implementation concept.”

IFS’s long-term goal is to strengthen its partner network to boost sales to small and mid-sized companies as well as large enterprises. IFS has entered into a number of new partnerships with resellers in the past year. Petro Well Services is yet another customer that joins IFS through such a partner, proving that IFS’s partner strategy benefits both customers and IFS.




LUKOIL commenced transportation of jackets for the offshore ice-resistant stationary platform #2 from the port of Astrakhan to the Filanovsky field in the Caspian Sea. The platform is intended for drilling and operation of wells within the second stage of field development.

Jackets for the platform were fabricated at the Galaktika shipyard in Astrakhan. Every jacket is sized 28.3х23.7х19 meters and weights over 2,500 tons. The topside of the platform is currently being fabricated in the Astrakhan region.

Topside of accommodation platform for the second stage is currently being built at shipyards in Astrakhan. Jackets for this platform were transported and installed in the Caspian Sea in early July.

Background information:

The Filanovsky field is the largest discovery in Russia in the past 25 years. It is located in the northern part of the Caspian Sea, 220 km away from Astrakhan. Water depth in the field area ranges from 7 to 11 meters. Production volume at the plateau will be 6 million tons per annum. Production launch is scheduled for September 2016.





Purpose built ESVAGT vessel to perform additional tasks for Hess at the South Arne field.

ESVAGT and Hess, who have collaborated at the South Arne field for 17 years, have agreed to extend their relationship for an additional twelve years.

ESVAGT has supplied Hess with supply and standby vessels for the South Arne platform, as well as connecting tank vessels to Hess’ production tanks.

The new contract will expand the scope of work to include service, maintenance and inspection of the hose system and to perform service vessel duties in connection with work on Hess’ unmanned platforms. These operations, beginning 2018, will be handled by one purpose designed ESVAGT vessel.

Hess started working with ESVAGT in 1999 for standby operations because of our company’s strong reputation. The new contract came into force from the 1st of May 2016, indicates that ESVAGT has been chosen as a result of 17 years of excellent cooperation, something which ESVAGT’s Managing Director, Søren Nørgaard Thomsen, is understandably pleased with:

”We are very pleased that Hess chose to extend the contract and expand our cooperation by entrusting us with more work. We see it as a confirmation of trust in our working relationship and our skills – both now and in the future,” says Søren Nørgaard Thomsen.

The ‘Esvagt Omega’ has provided standby services for Hess in the South Arne field until the start of May. These duties have now been taken over by the ‘Esvagt Connector’ while ESVAGT builds the new vessel at Cemre Shipyard. Havyard Design & Solutions has been assigned the task of designing the vessel. The Norwegian design company and ESVAGT have worked together in designing a number of special vessels, including Service Operation Vessels for offshore wind farms. The contract has been facilitated by Fearnley Offshore Supply AS, Oslo.

The new built vessel will enter into charter with Hess in 2018.

Gas pioneer Heimdal turns 30

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Its anniversary is being celebrated with, among other things, the publishing of the field’s own biography.

The biography has been written by Lars Gaute Jøssang, Professor of History at NLA University College in Bergen.

The Heimdal field has a long and exciting history. It was already in 1971 that the Pan Ocean Group was awarded the production licence for the field in the second licensing round.

The first well was drilled between July and December 1972 and proved to have both gas and condensate reserves.

When it commenced production on 3 December 1985, Heimdal was the largest steel jacket  on the Norwegian continental shelf. Production of gas and condensate proceeded at reasonably steady annual rates in the period from 1986 to 1996. Subsequent declining production led to plans to use Heimdal as an important transit and processing centre for gas from other fields.

A riser platform, Heimdal Riser, was installed beside the main platform. At the same time, Heimdal was connected to the gas pipeline from the Frigg field to St. Fergus in the United Kingdom, which was given the name Vesterled.

Gas from Huldra, Vale and Byggve/Skirne arrived for processing and export. Grane imported gas through its own pipeline from the riser platform. This resulted in a new era for Heimdal as one of the most important gas hubs on the Norwegian continental shelf.

After 2007 and the merger between Statoil and Hydro’s oil and gas operations, it was discussed whether to shut down Heimdal from 2014, due to declining production.

In October 2010, Statoil submitted a plan for the development and operation of Valemon, and Heimdal was given the job of processing and exporting the gas.

This extended Heimdal’s lifetime by many years. Upgrades of the installation were also ensured and these paved the way for the connection of minor fields in the area. From being on the verge of shutdown, Heimdal was given a new lease of life and a new perspective for the many skilled employees on the field.

Heimdal is now primarily a hub for the processing and distribution of gas. The platform receives gas from fields such as Huldra, Oseberg, Skirne and Vale and exports this via the Vesterled and Statpipe pipelines after processing.

“Heimdal has played an important role in Norwegian petroleum history by being an important part of the development and expansion of the Norwegian gas export system. Following its golden age as a producer, a  great deal of work has gone into maximising value creation from Heimdal’s infrastructure, which has served as a hub and later as a processing plant for gas from Valemon. The fact that we are now producing from the field with a new well, highlights that Heimdal is constantly entering new phases and still plays a role in the Norwegian petroleum industry,” says Nina Birgitte Koch, vice president for operations  for Heimdal.