BG agrees terms for Knarr FPSO

Offshore staff

HAMILTON, Bermuda -- BG Norge has contracted Teekay to provide a turret-moored FPSO for the Knarr oil and gas field development in the Norwegian North Sea.

The newbuild FPSO will be constructed by Samsung Heavy Industries in South Korea, with a fully built-up project cost of around $1 billion.

The floater, which will have production capacity of 63,000 b/d, should be delivered late in 2014, ready to start a firm charter contract with BG of either six or 10 years, extendable to 20 years. BG has until end- 2012 to decide on the firm period.

Knarr (ex-Jordbaer) is in the Tampen area of the Norwegian northern North Sea. Its estimated recoverable reserves of 70 MMboe could rise, depending on the results of drilling of nearby prospects.

Peter Evensen, Teekay’s president and CEO, said. “The Knarr FPSO design, which makes use of Samsung’s previous experience in delivering turnkey FPSO units, incorporates topside configuration designed for high uptime, and the turret mooring system is a proprietary technology we jointly developed with Framo.

“Over the past several months, we have been working together with Samsung and other key suppliers on the detailed engineering specifications for the FPSO, prior to finalizing the contracts with both Samsung and BG.”

BG operates Knarr, in partnership with Idemitsu Petroleum Norge, Wintershall Norge, and RWE Dea Norge.


Related Articles

NPD authorizes start-up of subsea compression at Gullfaks offshore Norway

Aug 27, 2015

Statoil and its partners have secured the consent of the Norwegian Petroleum Directorate to operate a new subsea wet gas compressor and umbilical on the Gullfaks field in the North Sea.

Second well brought into production at Gazprom Neft Prirazlomnoye field

Aug 26, 2015

Gazprom Neft has brought its second well into production at the Prirazlomnoye field, with output totaling 1,800 metric tons/d (1,984 tons/d).

CNOOC bringing more fields onstream offshore China

Aug 26, 2015

CNOOC has issued a review of its operations offshore China during the first half of 2015.

UK CO2 storage project to analyze brine removal

Aug 24, 2015

The Energy Technologies Institute is seeking new partners for a project to study the impact of removing brine from subsea reservoirs in the UK sector used to store carbon dioxide. 

Oriental takes the reins at Ebok offshore Nigeria

Aug 24, 2015

Oriental Energy Resources and Afren have concluded a transition plan for the shallow-water Ebok field offshore Nigeria.

Trending News

Offshore photo of the day

DSL MENA expands Middle East drilling component service

Oct 9, 2015

DSL MENA has opened a new facility in Hamriyah, UAE, with quayside access providing direct entry to the Persian Gulf. 

Saipem sums big projects offshore Saudi Arabia, Angola

Oct 9, 2015

Saipem has tallied more than €600 million ($680.87 million) in offshore engineering and construction contracts.

Lundin sells offshore Indonesia interests

Oct 9, 2015

Lundin Petroleum has agreed to sell its oil and gas interests in Indonesia to PT Medco Energi Internasional for $22 million.

Ocean Rig considers cold stack for units off contract

Oct 9, 2015

Ocean Rig UDW Inc. (NASDAQ:ORIG) has started work offshore Angola with the Olympia, and expects to move the rig to the Ivory Coast for one well in 4Q 2015 before returning to Angola to complete the contract that runs to June 2016. 

Digital Magazine
Look Inside
Current Issue
Click to view the Offshore Learning Center

Oil & Gas Jobs

Search More Job Listings >>