WEST PERTH, AUSTRALIA: At the conclusion of logging operations in well Fletcher-3, Santos Ltd. will plug the well and sidetrack it around 1,640 feet (500 m) to the northwest to test the Legendre Formation in a separate fault compartment of the greater Fletcher High.
The Fletcher field is in license WA-191-P offshore Western Australia in 499 feet (152 m) of water. The sidetracked well will be designated as Fletcher-4 since it will, in effect, be testing a new geological objective. It will enable the WA-191-P joint venture to make an earlier decision on the potential commerciality of the Fletcher field. The sidetracking operations are expected to take about a week, after which the Fletcher-3 and Fletcher-4 well bores will be plugged and abandoned, and the rig, semisubmersible Songa Mercur, will be released. Fletcher-3 was designed to appraise the Fletcher-1 and Fletcher-2 oil discovery, initially drilled in July/August 2007. It intersected an approximately 66-foot (20-m) thick gross interval of oil-bearing Legendre Formation sands. Following a temporary evacuation due to Cyclone Billy entering the area, the rig was re-manned on Dec. 27 and wireline logging recommenced. The discovery lies at the northern end of the Dampier Sub-Basin, around 11 miles (17 km) east of Santos' producing facilities at the Mutineer and Exeter fields. Santos operates WA-191-P with 33.4 percent interest. Partners are Kufpec Australia Pty Ltd. with 33.4 percent interest, Nippon Oil Exploration (Dampier) Pty Ltd. with 25 percent and Tap (Shelfal) Pty Ltd. with 8.2 percent. Nippon Oil opted not to participate in the Fletcher-3 well, but its interest in the well was picked up by the other partners.
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Wednesday, January 7, 2009
TSA lines seek to manage container capacity
Seoul: The Transpacific Stabilization Agreement has requested the Federal Maritime Commission to permit the discussion agreement's members to discuss and agree on management of carrier capacity in the eastbound trans-Pacific trade, writes The Journal of Commerce Online.
The TSA on Dec. 18 filed an amendment to its agreement on file with the FMC. The amendment would give members the authority to discuss and agree on "cost savings and more efficient use of vessel and equipment assets and networks." Under the amendment, this would be done through "coordination of the members' capacity plans, layup, drydocking, or other off-hiring of vessels, rationalization of vessels and/or vessel capacity operated, or planned to be operated...or of feeder vessels." The proposed cooperation also would cover space charters among TSA members. The TSA's 14 members carry about 85% of containerised cargo in the Asia-to-U.S. trade. The group's members are APL, China Shipping Container Lines, CMA CGM, Cosco, Evergreen, Hanjin Shipping, Hapag-Lloyd, Hyundai Merchant Marine, "K" Line, Mediterranean Shipping Co., NYK Line, Orient Overseas Container Line, Yang Ming Line and Zim Integrated Shipping Services. The expanded cooperation is a sign of TSA members' difficulties. Carriers have been hit by slowing volumes and an increase in capacity resulting from deliveries of scores of large, new ships. Last October, the TSA issued a forecast saying that cargo demand for 2008 could fall by as much as 8%, and that a turnaround wasn't likely until the second half of this year. More recent forecasts by industry leaders have been even more pessimistic. The TSA's capacity management amendment, scheduled to take effect February 1, could be controversial. In the mid-Nineties, cargo interests objected vehemently to capacity management by rate-setting conferences, especially in the trans-Atlantic trade.
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The TSA on Dec. 18 filed an amendment to its agreement on file with the FMC. The amendment would give members the authority to discuss and agree on "cost savings and more efficient use of vessel and equipment assets and networks." Under the amendment, this would be done through "coordination of the members' capacity plans, layup, drydocking, or other off-hiring of vessels, rationalization of vessels and/or vessel capacity operated, or planned to be operated...or of feeder vessels." The proposed cooperation also would cover space charters among TSA members. The TSA's 14 members carry about 85% of containerised cargo in the Asia-to-U.S. trade. The group's members are APL, China Shipping Container Lines, CMA CGM, Cosco, Evergreen, Hanjin Shipping, Hapag-Lloyd, Hyundai Merchant Marine, "K" Line, Mediterranean Shipping Co., NYK Line, Orient Overseas Container Line, Yang Ming Line and Zim Integrated Shipping Services. The expanded cooperation is a sign of TSA members' difficulties. Carriers have been hit by slowing volumes and an increase in capacity resulting from deliveries of scores of large, new ships. Last October, the TSA issued a forecast saying that cargo demand for 2008 could fall by as much as 8%, and that a turnaround wasn't likely until the second half of this year. More recent forecasts by industry leaders have been even more pessimistic. The TSA's capacity management amendment, scheduled to take effect February 1, could be controversial. In the mid-Nineties, cargo interests objected vehemently to capacity management by rate-setting conferences, especially in the trans-Atlantic trade.
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Van Gogh heavy lift project completed
In the Exmouth sub-basin, offshore Northwest Australia, Apache Energy is developing the Van Gogh oilfield on behalf of a joint venture of the same name.
As part of the Vincent field, it lies in water depths of 340 to 370 meters. An FPSO will be used for production and storage of the oil. The FPSO will be moored to a disconnectable turret-mooring (DTM) buoy, moored to the seabed with nine anchors. Flexible flowlines, which connect to two subsea manifolds and the production wellheads, will be attached to the buoy. In the event of storms or cyclones, the FPSO will be able to disconnect from the buoy and sail to calmer waters. The offshore installation contractor for the Van Gogh project, Acergy Australia, has asked Jumbo of the Netherlands to take care of the transportation of the massive DTM buoy from Singapore to the Exmouth gulf, delivering sub-sea equipment to the subsea installation vessel ‘Toisa Proteus’, and demobiliding equipment from the ‘Toisa Proteus’ to Singapore. Beside the normal engineering procedure, additional brainwork was required in the preparation phase of the project. Lifting the DTM buoy was only possible from the top, using a single point connection. A special lifting device to suspend the “ball tool” was designed in-house and manufactured under supervision of Jumbo in Singapore.
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As part of the Vincent field, it lies in water depths of 340 to 370 meters. An FPSO will be used for production and storage of the oil. The FPSO will be moored to a disconnectable turret-mooring (DTM) buoy, moored to the seabed with nine anchors. Flexible flowlines, which connect to two subsea manifolds and the production wellheads, will be attached to the buoy. In the event of storms or cyclones, the FPSO will be able to disconnect from the buoy and sail to calmer waters. The offshore installation contractor for the Van Gogh project, Acergy Australia, has asked Jumbo of the Netherlands to take care of the transportation of the massive DTM buoy from Singapore to the Exmouth gulf, delivering sub-sea equipment to the subsea installation vessel ‘Toisa Proteus’, and demobiliding equipment from the ‘Toisa Proteus’ to Singapore. Beside the normal engineering procedure, additional brainwork was required in the preparation phase of the project. Lifting the DTM buoy was only possible from the top, using a single point connection. A special lifting device to suspend the “ball tool” was designed in-house and manufactured under supervision of Jumbo in Singapore.
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