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Reservoir Engineering

The Global Information Services Department in Maersk Oil is seeking a manager for its Collaboration Centre, called M-PACT which stands for Maersk - Planning, Advisory, Collaboration and Team

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Manager of Reserves and Economics

As a leader in the UK energy market, Centrica supplies gas and electricity to a vast range of residential and commercial customers under the British Gas brand. The company’s strategy is based around sourcing an increasing amount of its gas supplies from its own sources.

Centrica Energy (CE) is the division responsible for maximising these supplies. The Exploration & Development department of CE now requires a Manager of Reserves & Economics.

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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
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LIVE

Tuesday, 14 October, 2008, 18:20 GMT | more prices >>

Bourbon dives in to subsea sector

By Upstream staff

French marine service giant Bourbon is set to launch a new subsea services wing as part of a plan to focus on the oil and gas sector.

The company plans to become a leader in modern offshore oil and gas marine services by offering a full line of new generation high performance vessels and an expanded range of subsea activities.

The group will develop and integrate a new subsea business as part of the offshore division which will receive a gas injection of €1.7 billion ($2.5 billion) over the next five years.

The cash will be used to fund the expansion of the offshore vessel fleet and remotely operated vehicles (ROV). Earlier this year ten inspection, maintenance and repair (IMR) GPA 696 type vessels were ordered at a cost of €450 million.

The marine giant said it has 19 IMR vessels and 4 ROVs on order in addition to its existing fleet of 11 IMRs and seven ROVs.

Meanwhile, Bourbon said it expected annual sales growth of 17% over the next five years as it unveiled new medium-term targets for its businesses.

In a statement, Bourbon said it planned to invest €2 billion over the next five years, "largely financed by cash flow", of which 85% would be spent on its offshore division - mostly on expanding its fleet of oil and gas service vessels.

It said it now had 188 ships on order in addition to its existing fleet of 230 vessels.