VESSELS & SURFACE SYSTEMS
Bumi Armada Berhad has awarded Keppel a contract to upgrade and convert a tanker into an FPSO. Keppel’s work includes fabrication, installation, and integration of a 12-point spread mooring system, riser balcony, topside facilities, and accommodation and auxiliary support systems upgrades.
The FPSO Armada Perdana, expected to be complete in the first half of 2009, will be able to store 1 MMbbl of oil, and process 40,000 b/d of oil.
Boskalis Westminster Shipping B.V. has contracted Keppel to upgrade a dredger. Keppel will enhance the dredging capabilities of its trailing suction hopper dredger, Queen of the Netherlands. When completed in 1Q 2009, the vessel’s hopper capacity will be increased from 23,347 to 35,500 cu m (824,491 to 1,253,671 cu ft).
The third contract, from BW Offshore Ltd., is to upgrade and to modify an FPSO for the Tupi field in Brazil. The FPSO BW Peace will be converted to meet Petrobras’ requirements and renamed BW Cidade De Saõ Vicente. It will be the first FPSO to enter the Tupi deepwater field outside Rio de Janeiro, expected to be complete by the end of 2008.
Tui FPSO Umuroa contract extended
Prosafe Production, owner and operator of the FPSO Umuroa, has extended the charter of the FPSO through Dec. 31, 2022, for the Tui area oil project in the Taranaki basin.
The charter’s fixed-term ends on Dec. 31, 2015, followed by seven one-year options to extend the contract through Dec. 31, 2022.
A detailed Tui field re-assessment resulted in an increase in the initial proved and probable reserves from 47 to 50.1 MMbbl of oil.
Tui field operators are AWE New Zealand Pty with 42.5%, Mitsui E&P New Zealand with 35%, New Zealand Oil & Gas Ltd. with 12.5%, and Pan Pacific Petroleum NL with 10%.
MIS receives jackup contracts
Maritime Industrial Services Co. Ltd. Inc. (MIS) has received rig-building contracts worth $335 million from Mosvold Middle East Jackup (MEJU) for the detail design and construction of two jackups.
The two firm rigs, Hull 106 and Hull 108, will be supplied on a turnkey basis and will be built at the MIS shipyard in Sharjah, UAE. The rigs are a Friede and Goldman Super Mod 2 design with 30,000-ft (9,144-m) rated drilling depth, capable of operating in 300 ft (91 m) of water. There are accommodations for 110 people on each rig.
MIS now has a confirmed order backlog of $480 million.
Diamond signs LOIs for four rigs
Diamond Offshore Drilling has received letters of intent (LOIs) for four semisubmersible rigs that could earn the company nearly $900 million and provide six and a half rig years of work.
The LOIs include:
- Ocean Ambassador - three years, plus an unpriced option, beginning in June 2009. Maximum total revenue is $285 million
- Ocean Star - 18 months beginning in November 2008. Maximum total revenue is $285 million
- Ocean America - one year beginning in July 2009. Maximum total revenue is $190 million
- Ocean Victory - one year minimum term beginning in May 2009. Maximum total revenue is $197 million.
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Volume 68 Issue 9
September 2008
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