BP's Vessel Khankendi Completes Sea Trials in the Caspian
The Khankendi's initial voyage in open waters began the 6-week trial of the subsea construction vessel (SCV) that took place in the Caspian Sea. Maritime experts executed more than 120 different tests designed to evaluate everything from engine and propulsion performance to dynamic positioning, navigation systems, cabin acoustics, as well as offshore capabilities.
The SCV is back at the shipyard now for the finishing touches in preparation for the naming ceremony scheduled in early September. It will perform subsea construction activities on the Shah Deniz gas field off Azerbaijan for the next 10 years.
Production of first gas from Shah Deniz Stage 2 is expected next year.
Subsea Markets Face High Stakes if Oil Prices Slide
In a $60 to $70 oil environment, the subsea market is poised to grow around 7% annually up to 2025. But a significant portion of this activity is at risk if the price of Brent crude falls to $50 per barrel.
Swire Seabed Completes Autonomous Pipeline Inspection for Equinor
The subsea operations company said its most recent campaign is the first fully unmanned offshore pipeline inspection completed “over the horizon,” surveying up to 100 km from the shore.
Equinor Starts Up Mariner Field in North Sea
One of the largest industrial projects in the UK in recent years, Mariner marks Equinor’s first operated field on the UK Continental Shelf. It is expected to produce 70,000 BOPD at peak rates.
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