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<br /> petro<br /> norway’s no.1 offshore magazine | edition 4/2011 www.petro.no www.oilinfo.no<br /> Come<br /> Sail Away<br /> The future has never looked brighter<br /> for offshore oil and gas floaters, but has<br /> the industry learned from its mistakes<br /> and failures of past booms?<br /> Pages 24-53<br /> No regrets Staying afloat<br /> - Former Sevan CEO Tveteraas comes clean - A history of FPSOs on the NCS<br /> Pages 46-50 Pages 38-43<br /> Select AGR<br /> There's no substitute for experience<br /> agr.com<br /> Tesco Corporation (Norway) AS<br /> Phone: +0047 488 69 696<br /> Top Drives | Tubular Services | CASING DRILLING TM<br /> © 2011 Tesco Corporation. All rights reserved.<br /> ISO 9001:2008 CERTIFICATION<br /> ISO 14001:2004 CERTIFICATION<br <a title="PetroNews #4-2011.pdf page 1" href="http://viewer.zmags.com/publication/c8a7cc6f?page=1"> petro norway’s no.1 offshore magazine | edition 4</a> <a title="PetroNews #4-2011.pdf page 2" href="http://viewer.zmags.com/publication/c8a7cc6f?page=2"> Tesco Corporation (Norway) AS Phone: +0047 488 69</a> <a title="PetroNews #4-2011.pdf page 3" href="http://viewer.zmags.com/publication/c8a7cc6f?page=3"> ISO 9001:2008 CERTIFICATION ISO 14001:2004 CERTIF</a> <a title="PetroNews #4-2011.pdf page 4" href="http://viewer.zmags.com/publication/c8a7cc6f?page=4"> Telefoni til utlandet skal ikke koste</a> <a title="PetroNews #4-2011.pdf page 5" href="http://viewer.zmags.com/publication/c8a7cc6f?page=5"> 4 - 2011 PetroMedia as Lagaardsveien 77-81, </a> <a title="PetroNews #4-2011.pdf page 6" href="http://viewer.zmags.com/publication/c8a7cc6f?page=6"> Pumping Systems - to the world oil & gas industry</a> <a title="PetroNews #4-2011.pdf page 7" href="http://viewer.zmags.com/publication/c8a7cc6f?page=7"> Pages 38 - 43 So many pieces of a puzzle The use </a> <a title="PetroNews #4-2011.pdf page 8" href="http://viewer.zmags.com/publication/c8a7cc6f?page=8"> VISIT US AT OFFSHORE EUROPE 3A75 MultiGrid™ - THE</a> <a title="PetroNews #4-2011.pdf page 9" href="http://viewer.zmags.com/publication/c8a7cc6f?page=9"> Look what we found Few people thought it still po</a> <a title="PetroNews #4-2011.pdf page 10" href="http://viewer.zmags.com/publication/c8a7cc6f?page=10"> Global Hotspot: wEstErN EuroPE 10 Four corners,</a> <a title="PetroNews #4-2011.pdf page 11" href="http://viewer.zmags.com/publication/c8a7cc6f?page=11"> 8 Northwest’ Europe 9 Eastern Europe and Caspian</a> <a title="PetroNews #4-2011.pdf page 12" href="http://viewer.zmags.com/publication/c8a7cc6f?page=12"> Current AFFAIrS 12 Aldous/Avaldsnes: A top ten </a> <a title="PetroNews #4-2011.pdf page 13" href="http://viewer.zmags.com/publication/c8a7cc6f?page=13"> Get your documents under control With Evidens you</a> <a title="PetroNews #4-2011.pdf page 14" href="http://viewer.zmags.com/publication/c8a7cc6f?page=14"> KeePInG On: the government wishes to safeguard a </a> <a title="PetroNews #4-2011.pdf page 15" href="http://viewer.zmags.com/publication/c8a7cc6f?page=15"> « No other Norwegian industry or commercial activ</a> <a title="PetroNews #4-2011.pdf page 16" href="http://viewer.zmags.com/publication/c8a7cc6f?page=16"> The Norwegian Government’s White Paper on Oil and</a> <a title="PetroNews #4-2011.pdf page 17" href="http://viewer.zmags.com/publication/c8a7cc6f?page=17"> Redefining Well Completion Technologies Under p</a> <a title="PetroNews #4-2011.pdf page 18" href="http://viewer.zmags.com/publication/c8a7cc6f?page=18"> PhOtO FeAture: BRAGE 18 Brage: Full speed ahead</a> <a title="PetroNews #4-2011.pdf page 19" href="http://viewer.zmags.com/publication/c8a7cc6f?page=19"> MOvInG AheAd: the Brage platform has been serving</a> <a title="PetroNews #4-2011.pdf page 20" href="http://viewer.zmags.com/publication/c8a7cc6f?page=20"> ChAOtIC: Even though most of the drilling equipme</a> <a title="PetroNews #4-2011.pdf page 21" href="http://viewer.zmags.com/publication/c8a7cc6f?page=21"> TPS ROV SYSTEM LAUNCHED </a> <a title="PetroNews #4-2011.pdf page 22" href="http://viewer.zmags.com/publication/c8a7cc6f?page=22"> PhOtO FeAture: BRAGE 22 ShAKe It, bAbY: these s</a> <a title="PetroNews #4-2011.pdf page 23" href="http://viewer.zmags.com/publication/c8a7cc6f?page=23"> dTurbine.no ICNOCMLUPLETE RANGE OF DRILLING FLUI</a> <a title="PetroNews #4-2011.pdf page 24" href="http://viewer.zmags.com/publication/c8a7cc6f?page=24"> Floating production: Wading in the water It loo</a> <a title="PetroNews #4-2011.pdf page 25" href="http://viewer.zmags.com/publication/c8a7cc6f?page=25"> PreFerred: the global number of floaters globally</a> <a title="PetroNews #4-2011.pdf page 26" href="http://viewer.zmags.com/publication/c8a7cc6f?page=26"> Rapid and safe transportation to oil, gas & energ</a> <a title="PetroNews #4-2011.pdf page 27" href="http://viewer.zmags.com/publication/c8a7cc6f?page=27"> FPSO markets: Spending on the rise Oil companies</a> <a title="PetroNews #4-2011.pdf page 28" href="http://viewer.zmags.com/publication/c8a7cc6f?page=28"> FOCuS: FPso MARKEts 28 Rolling with the punches</a> <a title="PetroNews #4-2011.pdf page 29" href="http://viewer.zmags.com/publication/c8a7cc6f?page=29"> u By: bjørn tore bjørsvik There seems to be co</a> <a title="PetroNews #4-2011.pdf page 30" href="http://viewer.zmags.com/publication/c8a7cc6f?page=30"> FPSO market survival: Obituary for a cluster Bef</a> <a title="PetroNews #4-2011.pdf page 31" href="http://viewer.zmags.com/publication/c8a7cc6f?page=31"> Fast Track ƒ Four Statoil fields being developed </a> <a title="PetroNews #4-2011.pdf page 32" href="http://viewer.zmags.com/publication/c8a7cc6f?page=32"> FPSO: wINNERs AND FAILuREs 32 vOlAtIle MArKet: </a> <a title="PetroNews #4-2011.pdf page 33" href="http://viewer.zmags.com/publication/c8a7cc6f?page=33"> 1 contract 10 supply bases a contract with nors</a> <a title="PetroNews #4-2011.pdf page 34" href="http://viewer.zmags.com/publication/c8a7cc6f?page=34"> FPSO economics: New rules won’t displease New ac</a> <a title="PetroNews #4-2011.pdf page 35" href="http://viewer.zmags.com/publication/c8a7cc6f?page=35"> FPsO redeployment awards and average lease term </a> <a title="PetroNews #4-2011.pdf page 36" href="http://viewer.zmags.com/publication/c8a7cc6f?page=36"> 10 YeArS: the license partners in the Alvheim pro</a> <a title="PetroNews #4-2011.pdf page 37" href="http://viewer.zmags.com/publication/c8a7cc6f?page=37"> Ideas well executed www.malmorstad.no Ghost Des</a> <a title="PetroNews #4-2011.pdf page 38" href="http://viewer.zmags.com/publication/c8a7cc6f?page=38"> FPSO: A LooK BACK 38 the beSt: statoil’s produc</a> <a title="PetroNews #4-2011.pdf page 39" href="http://viewer.zmags.com/publication/c8a7cc6f?page=39"> By Arnt Even bøe At the beginning of the 1990s, </a> <a title="PetroNews #4-2011.pdf page 40" href="http://viewer.zmags.com/publication/c8a7cc6f?page=40"> FPSO: A LooK BACK 40 premises in a large buildi</a> <a title="PetroNews #4-2011.pdf page 41" href="http://viewer.zmags.com/publication/c8a7cc6f?page=41"> « By that stage the Balder debacle was long </a> <a title="PetroNews #4-2011.pdf page 42" href="http://viewer.zmags.com/publication/c8a7cc6f?page=42"> « The shelf-filling contracts and specificat</a> <a title="PetroNews #4-2011.pdf page 43" href="http://viewer.zmags.com/publication/c8a7cc6f?page=43"> Improve your skills in electrical safety Traino</a> <a title="PetroNews #4-2011.pdf page 44" href="http://viewer.zmags.com/publication/c8a7cc6f?page=44"> FPSO project management: Recommendations and rem</a> <a title="PetroNews #4-2011.pdf page 45" href="http://viewer.zmags.com/publication/c8a7cc6f?page=45"> Emergency Preparedness Solution developed in clos</a> <a title="PetroNews #4-2011.pdf page 46" href="http://viewer.zmags.com/publication/c8a7cc6f?page=46"> IntervIeW: JAN ERIK tVEtERAAs 46 Jan Erik Tvete</a> <a title="PetroNews #4-2011.pdf page 47" href="http://viewer.zmags.com/publication/c8a7cc6f?page=47"> Name: Jan Erik Tveteraas ƒ Age: 51 ƒ Marital </a> <a title="PetroNews #4-2011.pdf page 48" href="http://viewer.zmags.com/publication/c8a7cc6f?page=48"> IntervIeW: JAN ERIK tVEtERAAs 48 NAtUrAl CHoiCE</a> <a title="PetroNews #4-2011.pdf page 49" href="http://viewer.zmags.com/publication/c8a7cc6f?page=49"> u but the market crumbled. From then on, it wen</a> <a title="PetroNews #4-2011.pdf page 50" href="http://viewer.zmags.com/publication/c8a7cc6f?page=50"> IntervIeW: JAN ERIK tVEtERAAs 50 ten YeArS AFte</a> <a title="PetroNews #4-2011.pdf page 51" href="http://viewer.zmags.com/publication/c8a7cc6f?page=51"> †GET MORE OUT OF EVERYBODY‡ Have you ever wi</a> <a title="PetroNews #4-2011.pdf page 52" href="http://viewer.zmags.com/publication/c8a7cc6f?page=52"> Shell’S “Prelude FlnG”: No less than the world’s </a> <a title="PetroNews #4-2011.pdf page 53" href="http://viewer.zmags.com/publication/c8a7cc6f?page=53"> 5.2 billion and Asia with USD 4.7 billion. DW’s e</a> <a title="PetroNews #4-2011.pdf page 54" href="http://viewer.zmags.com/publication/c8a7cc6f?page=54"> uP, uP, uP: oil and gas industry invest- ments on</a> <a title="PetroNews #4-2011.pdf page 55" href="http://viewer.zmags.com/publication/c8a7cc6f?page=55"> Midgard reservoirs.  Subsea compression on Åsgard</a> <a title="PetroNews #4-2011.pdf page 56" href="http://viewer.zmags.com/publication/c8a7cc6f?page=56"> the FIeld develOPMent bulletIn 56 believed to c</a> <a title="PetroNews #4-2011.pdf page 57" href="http://viewer.zmags.com/publication/c8a7cc6f?page=57"> FMC Technologies’ subsea solutions and experience</a> <a title="PetroNews #4-2011.pdf page 58" href="http://viewer.zmags.com/publication/c8a7cc6f?page=58"> the FIeld develOPMent bulletIn 58 economic viab</a> <a title="PetroNews #4-2011.pdf page 59" href="http://viewer.zmags.com/publication/c8a7cc6f?page=59"> Illustrasjon & idé: adsign.no IntroducIng the vI</a> <a title="PetroNews #4-2011.pdf page 60" href="http://viewer.zmags.com/publication/c8a7cc6f?page=60"> Search, find and recover The Rig & Exploration B</a> <a title="PetroNews #4-2011.pdf page 61" href="http://viewer.zmags.com/publication/c8a7cc6f?page=61"> the discovery will be considered. This is the firs</a> <a title="PetroNews #4-2011.pdf page 62" href="http://viewer.zmags.com/publication/c8a7cc6f?page=62"> rIG- And exPlOrAtIOn bulletIn 62 GreAt SuCCeSS:</a> <a title="PetroNews #4-2011.pdf page 63" href="http://viewer.zmags.com/publication/c8a7cc6f?page=63"> Efficient rig repairs and modifications with no tim</a> <a title="PetroNews #4-2011.pdf page 64" href="http://viewer.zmags.com/publication/c8a7cc6f?page=64"> People, prestige and perils The company and bus</a> <a title="PetroNews #4-2011.pdf page 65" href="http://viewer.zmags.com/publication/c8a7cc6f?page=65"> Seven of the ten are pure oil- and gas companies </a> <a title="PetroNews #4-2011.pdf page 66" href="http://viewer.zmags.com/publication/c8a7cc6f?page=66"> COntrACtS APlentY: samsung Heavy Industries will </a> <a title="PetroNews #4-2011.pdf page 67" href="http://viewer.zmags.com/publication/c8a7cc6f?page=67"> temporary docking at Hammerfest, final trans- port</a> <a title="PetroNews #4-2011.pdf page 68" href="http://viewer.zmags.com/publication/c8a7cc6f?page=68"> the COntrACtS bulletIn 68 FASt trACKInG: subsea</a> <a title="PetroNews #4-2011.pdf page 69" href="http://viewer.zmags.com/publication/c8a7cc6f?page=69"> Visit us at O shore Europe, Aberdeen on stand 4D1</a> <a title="PetroNews #4-2011.pdf page 70" href="http://viewer.zmags.com/publication/c8a7cc6f?page=70"> the COntrACtS bulletIn 70 tWO MOre tO GO: AF De</a> <a title="PetroNews #4-2011.pdf page 71" href="http://viewer.zmags.com/publication/c8a7cc6f?page=71"> lufthansa.com Networking Et produ</a> <a title="PetroNews #4-2011.pdf page 72" href="http://viewer.zmags.com/publication/c8a7cc6f?page=72"> Tactics, targets and transparency The HSEQ & po</a> <a title="PetroNews #4-2011.pdf page 73" href="http://viewer.zmags.com/publication/c8a7cc6f?page=73"> and Florø, in addition to eight offshore installa-</a> <a title="PetroNews #4-2011.pdf page 74" href="http://viewer.zmags.com/publication/c8a7cc6f?page=74"> the hSe- And POlItICS bulletIn 74 Ꮲ Cash for co</a> <a title="PetroNews #4-2011.pdf page 75" href="http://viewer.zmags.com/publication/c8a7cc6f?page=75"> </a> <a title="PetroNews #4-2011.pdf page 76" href="http://viewer.zmags.com/publication/c8a7cc6f?page=76"> bIG SPenderS: Brazilian state oil giant Petrobras</a> <a title="PetroNews #4-2011.pdf page 77" href="http://viewer.zmags.com/publication/c8a7cc6f?page=77"> located in the Bushehr province, home to the worl</a> <a title="PetroNews #4-2011.pdf page 78" href="http://viewer.zmags.com/publication/c8a7cc6f?page=78"> InternAtIOnAl neWS uPdAte 78 than Saudi Arabia.</a> <a title="PetroNews #4-2011.pdf page 79" href="http://viewer.zmags.com/publication/c8a7cc6f?page=79"> to the world since 193 Connecting greater Stavan</a> <a title="PetroNews #4-2011.pdf page 80" href="http://viewer.zmags.com/publication/c8a7cc6f?page=80"> the nCS FIeld develOPMent GuIde 80 The 2011 Fie</a> <a title="PetroNews #4-2011.pdf page 81" href="http://viewer.zmags.com/publication/c8a7cc6f?page=81"> There are definitely brand new business opportuni</a> <a title="PetroNews #4-2011.pdf page 82" href="http://viewer.zmags.com/publication/c8a7cc6f?page=82"> Ongoing developments GAUPE (Pi) North Sea: PL 2</a> <a title="PetroNews #4-2011.pdf page 83" href="http://viewer.zmags.com/publication/c8a7cc6f?page=83"> Foto statoil GUDrUN North Sea: PL 025, block</a> <a title="PetroNews #4-2011.pdf page 84" href="http://viewer.zmags.com/publication/c8a7cc6f?page=84"> What company Jacket </a> <a title="PetroNews #4-2011.pdf page 85" href="http://viewer.zmags.com/publication/c8a7cc6f?page=85"> PetroMedia © 2010 Stavanger Norway Your local </a> <a title="PetroNews #4-2011.pdf page 86" href="http://viewer.zmags.com/publication/c8a7cc6f?page=86"> EKoFiSK 2/4 l Ekofisk South 2/4 L What </a> <a title="PetroNews #4-2011.pdf page 87" href="http://viewer.zmags.com/publication/c8a7cc6f?page=87"> Foto Kjetil Alsvik, Conoco Phillips oSElVA</a> <a title="PetroNews #4-2011.pdf page 88" href="http://viewer.zmags.com/publication/c8a7cc6f?page=88"> t GuIde Foto: Alf Inge Molde Skarv contracts th</a> <a title="PetroNews #4-2011.pdf page 89" href="http://viewer.zmags.com/publication/c8a7cc6f?page=89"> TT PIPE TurboTorque™ is the industry's first rotar</a> <a title="PetroNews #4-2011.pdf page 90" href="http://viewer.zmags.com/publication/c8a7cc6f?page=90"> the nCS FIeld develOPMent GuIde 90 34/10-23 VAl</a> <a title="PetroNews #4-2011.pdf page 91" href="http://viewer.zmags.com/publication/c8a7cc6f?page=91"> ymE North Sea: PL 316, block 9/2 and block 9/5 </a> <a title="PetroNews #4-2011.pdf page 92" href="http://viewer.zmags.com/publication/c8a7cc6f?page=92"> the nCS FIeld develOPMent GuIde 92 Coming devel</a> <a title="PetroNews #4-2011.pdf page 93" href="http://viewer.zmags.com/publication/c8a7cc6f?page=93"> 33/9-6 DEltA North Sea, PL 037 D Current operat</a> <a title="PetroNews #4-2011.pdf page 94" href="http://viewer.zmags.com/publication/c8a7cc6f?page=94"> 34/8-14 S ViSUND Sør North Sea, PL 120 Current </a> <a title="PetroNews #4-2011.pdf page 95" href="http://viewer.zmags.com/publication/c8a7cc6f?page=95"> 1/5-2 FlyNDrE North Sea, PL 018 C, 297 Current </a> <a title="PetroNews #4-2011.pdf page 96" href="http://viewer.zmags.com/publication/c8a7cc6f?page=96"> Photo: statoil the nCS FIeld develOPMent GuIde </a> <a title="PetroNews #4-2011.pdf page 97" href="http://viewer.zmags.com/publication/c8a7cc6f?page=97"> </a> <a title="PetroNews #4-2011.pdf page 98" href="http://viewer.zmags.com/publication/c8a7cc6f?page=98"> the nCS FIeld develOPMent GuIde 98 investment: </a> <a title="PetroNews #4-2011.pdf page 99" href="http://viewer.zmags.com/publication/c8a7cc6f?page=99"> Photo: Magnus Vågen Birkenes WellOffice.net Wel</a> <a title="PetroNews #4-2011.pdf page 100" href="http://viewer.zmags.com/publication/c8a7cc6f?page=100"> 17/12-1 brEAm North Sea, PL 407, block 17/12 Cu</a> <a title="PetroNews #4-2011.pdf page 101" href="http://viewer.zmags.com/publication/c8a7cc6f?page=101"> 25/5-7 AtlA (David) North Sea, PL 102 C Current</a> <a title="PetroNews #4-2011.pdf page 102" href="http://viewer.zmags.com/publication/c8a7cc6f?page=102"> the nCS FIeld develOPMent GuIde Photo: Henrik sa</a> <a title="PetroNews #4-2011.pdf page 103" href="http://viewer.zmags.com/publication/c8a7cc6f?page=103"> 31/2-N-11 H North Sea, PL 054 Current operator:</a> <a title="PetroNews #4-2011.pdf page 104" href="http://viewer.zmags.com/publication/c8a7cc6f?page=104"> 35/11-13 (Astero) North Sea, PL 090 B Current o</a> <a title="PetroNews #4-2011.pdf page 105" href="http://viewer.zmags.com/publication/c8a7cc6f?page=105"> Change Multipleto Choice Introducing an intervent</a> <a title="PetroNews #4-2011.pdf page 106" href="http://viewer.zmags.com/publication/c8a7cc6f?page=106"> the nCS FIeld develOPMent GuIde Photo: Magnus Vå</a> <a title="PetroNews #4-2011.pdf page 107" href="http://viewer.zmags.com/publication/c8a7cc6f?page=107"> 6608/10-12 FoSSEKAll/ DomPAP (Skuld) Fossekall/Do</a> <a title="PetroNews #4-2011.pdf page 108" href="http://viewer.zmags.com/publication/c8a7cc6f?page=108"> ViljE SoUtH the nCS FIeld develOPMent GuIde 108</a> <a title="PetroNews #4-2011.pdf page 109" href="http://viewer.zmags.com/publication/c8a7cc6f?page=109"> Rental of drillpipe, tubing and accessories Ma</a> <a title="PetroNews #4-2011.pdf page 110" href="http://viewer.zmags.com/publication/c8a7cc6f?page=110"> blASt reAdY: Pinovo’s PiBlast3 can clean pipes up</a> <a title="PetroNews #4-2011.pdf page 111" href="http://viewer.zmags.com/publication/c8a7cc6f?page=111"> « - The method is so clean that we don’t even nee</a> <a title="PetroNews #4-2011.pdf page 112" href="http://viewer.zmags.com/publication/c8a7cc6f?page=112"> Sikkerhet Leteboring Marinteknologi </a> <a title="PetroNews #4-2011.pdf page 113" href="http://viewer.zmags.com/publication/c8a7cc6f?page=113"> Wreck oil recovery: Draining the downed In Augus</a> <a title="PetroNews #4-2011.pdf page 114" href="http://viewer.zmags.com/publication/c8a7cc6f?page=114"> neW teChnOlOGY: FRAMo RoLs 114 MOnItOred: the R</a> <a title="PetroNews #4-2011.pdf page 115" href="http://viewer.zmags.com/publication/c8a7cc6f?page=115"> We o er the following services On- and O shore: </a> <a title="PetroNews #4-2011.pdf page 116" href="http://viewer.zmags.com/publication/c8a7cc6f?page=116"> Falling objects: Catch them if you can Kristian A</a> <a title="PetroNews #4-2011.pdf page 117" href="http://viewer.zmags.com/publication/c8a7cc6f?page=117"> The picture sequences to the right shows how The </a> <a title="PetroNews #4-2011.pdf page 118" href="http://viewer.zmags.com/publication/c8a7cc6f?page=118"> COStlY uP here: In August, a student project orga</a> <a title="PetroNews #4-2011.pdf page 119" href="http://viewer.zmags.com/publication/c8a7cc6f?page=119"> the Norwegian Coastal Authority and the UIA. 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