VESSELS & SURFACE SYSTEMS
Tracy Dulle - Houston
MODEC to install first Jubilee field FPSO
Tullow Ghana has awarded MODEC a contract to provide and to operate the first FPSO to be installed on the Jubilee field offshore Ghana. The contract is a seven-year lease with 13 one-year options.
The FPSO, part of the Phase 1 development plan, will be installed in approximately 1,100 m (3,609 ft) water depth on the Jubilee field. It will be capable of processing more than 120,000 b/d of oil, and injecting more than 230,000 b/d of water and 160 MMcf/d of gas. First oil is scheduled in 2010. The FPSO is designed to remain on the field for up to 20 years.
Petrobras orders newbuild drilling unit and semisubmersible
Petrobras and a subsidiary of Sevan Drilling have signed a firm drilling contract for a newbuild drilling unit intended to operate offshore Brazil in water depths to 2,400 m (7,874 ft).
The drilling contract will have a fixed term of six years with start-up by end-2011. Revenues which could be generated over the six-year period are $975 million, including a bonus arrangement and mobilization fee, the company says.
Sevan has awarded a letter of intent (LOI) to the Cosco Shipyard Group for a turnkey contract for construction, equipment procurement and installation, and commissioning of a drilling unit. Aker Kvaerner MH has been awarded an LOI for delivery of the drilling package.
The drilling unit is based on the Sevan 650 design.
Scorpion Offshore has signed a six-year contract with Petrobras for a newbuild deepwater semisubmersible which also will conduct operations offshore Brazil. The revenue from this contract will be approximately $1.1 billion, plus operating cost inflation adjustments throughout the contract term, according to Scorpion.
Scorpion has ordered the DSS-38 from Keppel Fels with delivery in December 2011. This new rig will be a dynamically-positioned, four column semisubmersible able to drill to 8,500 m (27,887 ft) in water depths up to 2,400 m (7,874 ft). The total cost of this rig is $700 million, Scorpion says.
GSF Arctic II to begin drilling offshore Ireland; Transocean to then sell rig
Providence has taken delivery of the semisubmersible GSF Arctic II in anticipation of the company’s upcoming multi-well appraisal drilling program at the Hook Head and Dunmore oil accumulations in the north Celtic Sea, offshore Ireland.
Providence and its partners have contracted the rig for a two firm well, one contingent well program.
Transocean subsidiaries have agreed to sell the GSF Arctic II following completion of its existing contract commitment with Providence, and GSF Arctic IV, to Northern Offshore for $750 million.
The sale of the GSF Arctic II is expected to close in 4Q 2008, while GSF Arctic IV is expected to close late in 3Q 2008, the company says.
Keppel receives three contracts
Keppel Shipyard has secured contracts totaling $110 million to upgrade, modify, and convert three vessels.
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Volume 68 Issue 9
September 2008
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