BLT gets 1st FPSO contract

July 17, 2006
Indonesia's PT. Berlian Laju Tanker Tbk. (BLT) has taken its first step into the FPSO business, with a firm five-year contract with Pertamina-PetroChina JOB operating the Salawati field, off Irian Jaya/Papua, starting in July.

Offshore staff

(Singapore) -- Indonesia's PT. Berlian Laju Tanker Tbk. (BLT) has taken its first step into the FPSO business, with a firm five-year contract with Pertamina-PetroChina JOB operating the Salawati field, off Irian Jaya/Papua, starting in July.

FPSOBrotojoyo, which would be towed to the field by end of July for commissioning, is expected to start production in early August, initially at 6,000-10,000 b/d.

The 30,000 b/d capacityBrotojoyo eventually will handle 28,000 b/d production from Salawati field, and provide storage for 400,000 b/d. It has accommodation for 35 oilfield and FPSO operators as well as support staff.

BLT has converted one of its tankers into an FPSO, an investment of $35 million for the field, which would have two production operations, first TBA and the second TBC for about 10 years.

BLT finance director Kevin Wong says the company is working on the potential to convert a second FPSO/FSO for an Indonesian field, focusing on the country's marginal field development program.

The company has a number of tankers convertible into FPSOs/FSOs from its growing fleet of 57 ships, tankers, and chemical and gas carriers.

7/17/06