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Released September 04, 2024 | SUGAR LAND
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Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Upstream services firm McDermott International Limited (Houston, Texas) said it completed the decommissioning of the Campbell platform offshore Australia, less than a year after landing the initial contract.
Campbell was installed in 1993 and has been inactive since production stopped in 2006. Decommissioning is part of a broad-based effort by Australian energy company Santos (Adelaide, Australia) to take down some of its aging structures. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database can learn more from a detailed project report.
McDermott was awarded the contract from Santos to take down Campbell in January. McDermott called the contract as a "significant" one, with the value estimated between US$1 million and US$50 million.
"The successful removal of the Campbell platform topsides and substructures leveraged our expertise in circular practices and subsea project execution across the energy value chain," said Mahesh Swaminathan, McDermott's senior vice president for subsea and floating facilities.
McDermott said Tuesday that a central focus of the project was a special-built lifting cradle, which "was specifically engineered to address the unique complexities of the platform's upper substructure."
Decommissioning of the Sinbad platform for Santos in July turned into a near-disaster after a topside structure dislodged, swinging wildly from a crane with a crew of workers underneath. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can learn more from a detailed project report.
In a report on the decommissioning effort for Campbell, Santos said all the wells associated with the facility have been plugged and abandoned. Pipelines linking to the mainland from offshore Western Australia have been disconnected and isolated.
Decommissioning of Campbell is not expected to cause much damage to the surrounding environment, with Santos describing the seabed near the facility as "relatively featureless."
"No sensitive natural seabed features, such as coral bommies or reefs, have been identified near the facility to date," Santos added.
Santos, in its report on operations over the first six months of the year, reported production of 44 million barrels of oil equivalent, down 2% from the same period in 2023. Sales revenue of $2.7 billion marked a 9% decrease from the first half of last year.
Rich in natural gas, Australian companies have nevertheless started looking at foreign lands for new opportunities, with Woodside Energy Group (NYSE:WDS) (Perth, Australia) targeting Houston-based liquefied natural gas (LNG) company Tellurian Incorporated (NYSE:TELL) in a $900 million bid.
For more information, see July 24, 2024, article - Woodside to Acquire Tellurian, Along with Driftwood LNG Assets.
Building on its LNG portfolio in the Australian market, Woodside would acquire a stake in the Driftwood LNG export facility under construction on the U.S. Gulf Coast.
Woodside is building its Scarborough energy complex off the coast of Western Australia, with first gas deliveries expected by 2026. It will be connected to the existing Pluto facility via a pipeline and send gas from the Carnarvon Basin to a semi-submersible floating production unit. Subscribers can click here for a list of related project reports.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Campbell was installed in 1993 and has been inactive since production stopped in 2006. Decommissioning is part of a broad-based effort by Australian energy company Santos (Adelaide, Australia) to take down some of its aging structures. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database can learn more from a detailed project report.
McDermott was awarded the contract from Santos to take down Campbell in January. McDermott called the contract as a "significant" one, with the value estimated between US$1 million and US$50 million.
"The successful removal of the Campbell platform topsides and substructures leveraged our expertise in circular practices and subsea project execution across the energy value chain," said Mahesh Swaminathan, McDermott's senior vice president for subsea and floating facilities.
McDermott said Tuesday that a central focus of the project was a special-built lifting cradle, which "was specifically engineered to address the unique complexities of the platform's upper substructure."
Decommissioning of the Sinbad platform for Santos in July turned into a near-disaster after a topside structure dislodged, swinging wildly from a crane with a crew of workers underneath. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can learn more from a detailed project report.
In a report on the decommissioning effort for Campbell, Santos said all the wells associated with the facility have been plugged and abandoned. Pipelines linking to the mainland from offshore Western Australia have been disconnected and isolated.
Decommissioning of Campbell is not expected to cause much damage to the surrounding environment, with Santos describing the seabed near the facility as "relatively featureless."
"No sensitive natural seabed features, such as coral bommies or reefs, have been identified near the facility to date," Santos added.
Santos, in its report on operations over the first six months of the year, reported production of 44 million barrels of oil equivalent, down 2% from the same period in 2023. Sales revenue of $2.7 billion marked a 9% decrease from the first half of last year.
Rich in natural gas, Australian companies have nevertheless started looking at foreign lands for new opportunities, with Woodside Energy Group (NYSE:WDS) (Perth, Australia) targeting Houston-based liquefied natural gas (LNG) company Tellurian Incorporated (NYSE:TELL) in a $900 million bid.
For more information, see July 24, 2024, article - Woodside to Acquire Tellurian, Along with Driftwood LNG Assets.
Building on its LNG portfolio in the Australian market, Woodside would acquire a stake in the Driftwood LNG export facility under construction on the U.S. Gulf Coast.
Woodside is building its Scarborough energy complex off the coast of Western Australia, with first gas deliveries expected by 2026. It will be connected to the existing Pluto facility via a pipeline and send gas from the Carnarvon Basin to a semi-submersible floating production unit. Subscribers can click here for a list of related project reports.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
