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

Mad Dog Platform. Photo courtesy BP

BP adds two drilling rigs in deepwater Gulf of Mexico

Nov 20, 2013

BP has added two drilling rigs to the deepwater Gulf of Mexico, bringing its fleet there to a company record of nine rigs.

ConocoPhillips delivers first gas from North Sea Jasmine field

Nov 20, 2013

ConocoPhillips has started gas production from the Jasmine field in the UK central North Sea.

Trending News

KBR to engineer Al Nasr oil field expansion offshore Abu Dhabi

Jul 30, 2014

Hyundai Heavy Industries has issued a letter of award to KBR to perform engineering design services for ADMA-OPCO’s Al-Nasr full field development project offshore Abu Dhabi.

South Stream cleared for Turkish route through Black Sea

Jul 30, 2014

Turkey’s Ministry of Environment and Urban Planning has approved the environmental impact assessment (EIA) report for the South Stream gas pipeline’s section through Turkish waters.

Qatar drilling contractor orders multi-purpose liftboat

Jul 30, 2014

Gulf Drilling International (GDI) has awarded two contracts with a total value of $110 million to Nakilat-Keppel Offshore & Marine (N-KOM), a shipyard joint venture between Nakilat and Singapore’s Keppel Offshore & Marine.

Israel set to expand offshore gas deliveries

Jul 30, 2014

Noble Energy says the onshore gas compression project at Ashdod on the Israeli coast is more than 60% complete with all main equipment installed.

Xodus to assess vibration at Qatargas production centers

Jul 30, 2014

Qatargas has contracted Xodus Group for vibration engineering services at facilities offshore and onshore Qatar.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

View more Job Listings >>