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

Eni completes production test on well offshore Congo

Dec 15, 2014

Eni has completed the production test on the Minsala Marine 1 NFW, located in the Marine XII block offshore Congo.

Blue Ocean sets deepwater subsea intervention record

Dec 15, 2014 Blue Ocean Technologies has set another record for deepwater subsea interventions. Blue Ocean’s Interchangeable riserless intervention system (IRIS) recently intervened on a deepwater production we...

Liuhua gas field goes onstream offshore China

Dec 15, 2014

CNOOC has started production from the Liuhua 34-2 gas field in the eastern South China Sea, where water depths range from 850-1,250 m (2,789-4,101 ft).

North Sea Huntington still out of action

Dec 15, 2014

Noreco says production from the E.ON Ruhrgas-operated Huntington field in the UK central North Sea remains shut in, due to an incident that arose during re-start of the CATS riser platform.

Subsea power, control advances extend West Delta Deep Marine network

Dec 12, 2014 In 1999 INTECSEA, began a front-end engineering and design study for the West Delta Deep Marine concession offshore Egypt in the Mediterranean Sea. The development was operated by the Burullus Gas ...

Trending News

Oceanteam sells vessel stake to J. Ray McDermott Norway

Dec 19, 2014

Oceanteam Shipping ASA has completed the transfer of its 50% ownership stake in its jointly owned pipelay vessel CSV North Ocean 102 to J. Ray McDermott Norway.

Ennsub unveils new deepwater deployment systems

Dec 19, 2014

Ennsub has completed the design and manufacture of two workclass ROV deployment systems, which have been designed and manufactured for ROVOP and are due to be installed into a newbuild, Tier 1 pipelay vessel early in 2015.

‘Largest’ new gantry crane launches Nordic Trym vessel

Dec 19, 2014

The new shipyard facility of Honghua Offshore Oil & Gas Equipment Co. in Jiangsu, China, has launched its first ship, an IMT982 platform supply vessel named Nordic Trym. The vessel was launched in a unique way, using the yard’s new gantry crane. 

Offshore photo of the day

Schlumberger to support Mariner well operations

Dec 19, 2014

Statoil has contracted Schlumberger Oilfield UK to provide integrated drilling and well services on the Mariner field in the UK northern North Sea.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

Search More Job Listings >>