Stay Connected

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.

07/07/2011

Related Articles

DOT 2013: Tubular Bells a fasttrack success for Hess

Nov 21, 2013 The Tubular Bells deepwater spar production platform is scheduled for start-up mid-2014, only three years from Hess sanction in 2011, making it a successful fast-track project, said Jason Olson, pr...

Rolls-Royce wins Campos basin power support contract

Nov 21, 2013

Petrobras has awarded Rolls-Royce a five-year, $138-million power services contract for oil production activities offshore Brazil.

Trending News

North Sea Hejre jacket loaded out

Apr 23, 2014

Heerema Fabrication Group has skidded the 8,500-ton launch jacket for DONG Energy’s Hejre field platform onto a barge at the quayside in Vlissingen.

Southeastern Barents Sea FTG survey under way

Apr 23, 2014

ARKeX has restarted acquisition of a multi-client full tensor gravity gradiometry (FTG) survey over the southeastern Barents Sea offshore Norway.

Prysmian to engineer offshore Zakum subsea power conversion

Apr 23, 2014

Emirates Holding has awarded Prysmian Group a $41.4-million contract for ADMA-OPCO’s Zakum oil field offshore Abu Dhabi.

Atkins to assist Maersk in North Sea IRM campaign

Apr 23, 2014

Maersk Oil UK has awarded Atkins an engineering support contract for three floaters in the North Sea.

Technip to sell controlling stake in India dive specialist

Apr 23, 2014

Technip has agreed to divest a majority stake of between 51% and 75% in Seamec to HAL Offshore Ltd., India.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

View more Job Listings >>