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Subsea Project Managers

CSL has a track record of managing subsea developments from concept to completion for oil and gas companies worldwide.

CSL
Senior Subsea Engineers

CSL has a track record of managing subsea developments from concept to completion for oil and gas companies worldwide.

CSL
Managing Director

Thome Offshore Management Pte Ltd offers an exciting and challenging position in an international company with great growth potential.

The MD will be responsible for management and development of the company’s business in Singapore and internationally. This will encompass dedication to daily operations, financial management, customer relations and strategic development of the company. It is crucial that you are capable of combining the strategic and operational aspects of the role. We seek an outgoing and structured person, with strong communication skills and ability to build relations at all levels of the organisation.

Mercuri Urval
3 Senior Project Managers

The SLP Group is a long established, privately owned company with revenues of c.£120m and rising.

SLP is a turnkey solutions provider with diverse interests in the energy and infrastructure sectors and is one of the leading global providers of oil and gas platforms and renewable energy developments.

With a head office and fabrication yard in Suffolk, engineering, design and consultancy facilities in Surrey and manufacturing yards in the UK and the Middle East, the Group has direct access to domestic and export markets and a proven track record in the successful completion of EPC/EPIC contracts. SLP is regarded as a preferred supplier by a growing number of international clients and has a number of successful Partnerships, Alliances and Joint Ventures.

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LIVE

Monday, 06 October, 2008, 13:50 GMT | more prices >>

‘CNOOC eyeing new horizons’

By Upstream staff

China National Offshore Oil Corporation (CNOOC) is looking for opportunities in the Caspian Sea, Asia-Pacific, and Africa but feels no pressure to make acquisitions, the company’s chief financial officer Yang Hua said today.

The company's focus on offshore exploration in China, where up to 90% of CNOOC's assets are located, was not set to change, he added, despite concerns that its reliance on aging conventional fields may hamper longer-term growth even as near-term earnings are buoyed by oil at near $100 a barrel.

"Offshore China will always be our most important playing ground," Yang said. "I'm under no pressure to do a deal for the sake of doing a deal."

But he warned that this year's impressive exploration success, with 10 new oil and gas discoveries, might not be repeated.

"Whether our luck will be good or bad, I can't say," Yang told a small group of reporters in the Chinese capital, Reuters reported.

Nine of the 10 were found independently and five were in the northern Bohai Bay, which accounts for around 60% of CNOOC's total reserves and half its output.

Experts say the company needs to develop remote deep-water areas to make up for slower production growth and feed the country's insatiable energy demand, but inexperience, high costs and territorial rows are putting its long-term target at risk.

Yang named the Asia-Pacific, Africa and the hydrocarbon rich but politically challenging Caspian Sea as areas where the state-controlled company sees opportunities with attractive risk profiles.

The leaders of Caspian Sea states in October pledged to overcome differences on dividing the sea, but failed to agree boundaries or a final share.

Iran, Kazakhstan and Turkmenistan are among the countries which share its coastline and are already being courted by Beijing for their energy resources, as China's reliance on imported oil rises.

China and Kazakhstan agreed in August to expand an oil pipeline that will link China to the Caspian Sea.

But Yang ruled out Russia - another of the Caspian's littoral states - saying China's third-largest oil company wanted to stick to "manageable" risks for now and was too small to gamble on success across the border.

"It's a big boys' game. That's not our game yet," he said of Russia.

The company is already weighing bids for oil assets in offshore Australia and stakes in oil and gas offshore blocks in Nigeria, according to recent media reports, but Yang did not comment further on current acquisition plans.

He said that the Akpo field in Nigeria was still expected to come on line by the end of 2008, as planned. The company’s CNOOC Ltd exploration unit bought a 45% stake in the deep-water oilfield in 2006 for $2.7 billion.

Yang restated that CNOOC was on track to meet a production target of 162-170 million barrels of oil equivalent this year, despite setbacks from typhoons.

Also today, CNOOC said that Platform C of Phase II of its Penglai (PL) 19-3 oilfield in Bohai Bay "has come on stream successfully". The field's facilities have a designed processing capacity of 190,000 barrels of oil per day, it said in a statement on the company website.