Final Phase of Global Competition Puts Rapid, Unmanned, High Resolution Mapping of the Sea Floor to a Real-World Test

HOUSTON, September 10, 2018 – Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced that it entered into a contract with Subsea 7 to supply an umbilical and flying leads for Shell’s deepwater Vito development in the Mississippi Canyon area of the U.S. Gulf of Mexico.

C-Kore Systems recently secured a contract with A/S Norske Shell for a deployment in the fall 2018 on their Draugen field in Norway. The agreement includes the delivery of their C-Kore Subsea Testing tools to test the insulation resistance and continuity of electrical lines subsea.

A group of north east-based subsea engineers has become the only UK team to reach the final of the Shell Ocean Discovery XPRIZE and receive an equal share of a $1 million milestone prize for developing new approaches to map the ocean floor.

Ocean Floor Geophysics Inc. (OFG) works with the Shell Ocean Discovery XPRIZE GEBCO-NF Alumni Team to advance the state of the art in autonomous seafloor survey through operations support, expertise, and OFG’s HUGIN Autonomous Underwater Vehicle (AUV) Chercheur. The GEBCO-NF Alumni Team has completed the Technology Readiness Tests of the Shell Ocean Discovery XPRIZE using a combined Unmanned Surface Vessel (USV) and Autonomous Underwater Vehicle (AUV) system. The goal of the XPRIZE challenge is to advance ocean technologies for rapid, unmanned and high-resolution ocean exploration and discovery.

The decision authorises the construction of a floating production, storage and offloading (FPSO) vessel, the first new manned installation for Shell in the northern North Sea in almost 30 years.

C-Kore Systems have developed a new subsea technology which will save the UKCS subsea industry time and money.

The ARGGONAUTS – the only German participants in the Shell Ocean Discovery XPRIZE – are expanding their team. Sasa Jevtic (40) will be supporting the Fraunhofer IOSB team with immediate effect in their development of autonomous robot systems used for deep sea exploration. Last February, the team led by Dr. Gunnar Brink reached the semi-finals of the competition, which offers a total of seven million dollars in prize money.

Pedro Parente, CEO of Petrobras and Robin Watson, chief executive of Wood Group are to speak at the opening plenary session at SPE Offshore Europe 2017 which is being held in Aberdeen from 5-8 September 2017. They will join Ben van Beurden, CEO of Royal Dutch Shell and Bob Dudley, group chief executive of BP to address the central theme of Embracing New Realities: Reinventing our Industry in a top CEO line-up on the opening day of Europe’s foremost exploration and production (E&P) technical conference and exhibition.

Royal Dutch Shell CEO Ben van Beurden is to speak at the opening plenary session at SPE Offshore Europe 2017 which is being held in Aberdeen from 5-8 September 2017. Mr van Beurden will address several hundred oil and gas industry professionals who will attend the plenary session on the first day of Europe’s foremost exploration and production (E&P) technical conference and exhibition.

Craig International has signed a global agreement with energy major, Shell to provide services for equipment stock resale. The oilfield procurement specialist recently launched Craig Collaboration to provide companies with the opportunity to reduce wastage and duplication, recoup financial outlay and sell unwanted items which are often sitting in storage, this is considered a radical shift in the approach to procurement in the oil and gas industry. Craig Collaboration connects companies looking to sell spare equipment with those looking to buy. Oil and gas companies around the world have substantial surplus equipment stock, much of which is sitting in costly storage, and Craig Collaboration will allow them to realise value from this. Jill MacDonald, joint managing director of Craig International, said: “There is a lot of equipment going unused in the oil and gas industry and it makes sense from a business and environmental point of view to reuse it. “We have developed a system that leads the way in improving efficiency right across the supply chain in the oil and gas industry. Rather than waiting for things to improve, Craig International is delivering inventive approaches and investing in products that make life easier and provide value for clients.”

Fugro has been awarded a contract by Shell/BG Kenya for the execution of a seabed survey to detect natural leakages of hydrocarbons. The seeps survey complements a seismic exploration programme that was completed recently offshore Kenya. Undertaking a four-week campaign of multibeam data acquisition and precise sampling, Fugro will mobilise its specialised survey vessel, Fugro Discovery, to Kenya in March. Seabed sampling will be carried out using a drop corer and multibeam data will be acquired with the latest deepwater high resolution multibeam echo sounder, installed in a newly designed gondola on the vessel hull.

Fugro has announced a partnership with the Shell Ocean Discovery XPRIZE to support its global, three-year competition. The competition incentivises development of rapid, unmanned and high resolution ocean mapping technologies and the partnership supports the first round of testing. Fugro’s role is to provide high resolution deepwater baseline bathymetry data over a 500 km² competition area. The company has recently collected more than 1 million km² of high resolution bathymetry data per year globally, predominantly in water depths greater than 750 metres.

C-Kore Systems and Shell UK will give a joint presentation at the Subsea Expo Conference Thursday the 2nd of February in Aberdeen. The presentation will focus on the use of the C-Kore Subsea Testing technology during intervention operations on Shell’s Corrib field. Subsea interventions are challenging operations. The C-Kore Subsea measurement tool simplifies the subsea testing process for subsea engineers during intervention campaigns. It provides far more accurate data readings than traditional testing methods and saves customers money by reducing days of vessel time.

C-Kore Systems Ltd, a UK based company, recently deployed their C-Kore subsea monitoring tools for Shell E&P.

IKM Subsea was in 2015 awarded a 5 + 5 year contract by Norske Shell and the work will commence in March. The Merlin UCV ROV is successfully integrated to the Siem Pride and ready to commence services. In addition to the ROV service, IKM Subsea provides IMR related engineering, maintenance of Norske Shell’s tool pool, as well as handling survey through business partner iSurvey.

A year ago, Douglas-Westwood (DW) commented that E&P companies within West Africa were focusing reduced Capex plans on high-quality deepwater assets in the region. At the time, Brent crude was rebounding towards a mid-2015 peak of over $60 per barrel. However, in the months since this peak, oil prices plummeted once more, with Brent reaching lows of $26 per barrel in January 2016. DW has since revised its outlook considerably for West Africa’s deepwater prospects. With Brent on the rise last year and operators reiterating their commitment to deepwater assets in the region, DW foresaw the drilling of 483 deepwater development wells over 2016-2021 with deepwater production to continually increase to 4.0 mmboe/d by the end of this period.

Greensea Systems, Inc., a world leader in navigation and automation for marine vehicles, announces that Jason LaShelle has joined the firm as Production Manager. LaShelle will plan, coordinate, and control manufacturing processes for the company, ensuring a high level of efficiency. Jason comes to Greensea from the United States Coast Guard, where he was in charge of systems integration and quality assurance.