LR Senergy – a business of the Lloyd’s Register Group – which has offices in Malaysia, Indonesia and Australia, has seen a shift in its geographic portfolio of work, with much of its projects taking place in Asia, the Middle East and Africa.
While Europe continues to be a key area for LR Senergy, the company had taken the decision to expand its focus to other regions less affected by the current downturn more than two years ago as part of a longer term strategy to diversify its product offering and the areas in which it operates.
One of the most significant projects recently completed by LR Senergy was the drilling of two deepwater wells offshore Vietnam on behalf of VietGazProm. LR Senergy provided full wells project management services, its involvement in bringing about changes to local operating practices regarding the removal of equipment from the seabed post operations. This development provides the opportunity for multi-million dollar savings for operators working in the area.
The project also marked the first time LR Senergy has provided a full well project management package in South East Asia – and the first wells to be drilled in water depths of 1,600m offshore Vietnam. The project was delivered on time and under budget.
LR Senergy has also recently completed an abandonment and decommissioning study offshore Mauritania for Petronas Carigali. The study entailed undertaking a full conceptual study for the abandonment of 15 subsea wells in the Chinguetti field.
The LR Senergy team – including experts that had previously been involved with completing one of the world’s largest subsea field decommissioning projects – identified potential savings for the client worth up to $60 million.
LR Senergy’s Jakarta team has recently project managed the drilling of an exploration well for M3nrgy in Indonesia. The well was completed under time and budget and with an impressive non-productive time rate.
The company’s Vice President of Operations, Steve Gilbert says: “The Asia Pacific region has always been a very important area of LR Senergy’s geographic focus. Our Kuala Lumpur office was the first to be established only a year after the company’s inception.
“We also have teams based in Indonesia and Australia, emphasising the region’s value to our business. What we have seen over the past few years, is an increase in our activity in the region – South East Asia in particular. Our expertise as an independent company has been particularly well received by a number of clients who are keen to be more technically self-sufficient.
“We look forward to continuing to develop opportunities with existing and new customers in the region and to expanding into other locations, using the expertise of our people based in key hubs in the Asia Pacific area, as well as from the Middle East and Europe.