Offshore staff

HOUSTON --Exmar Opti Ltd. has contracted Mustang Engineering to perform detail design, procurement, and vendor inspection for the Exmar Opti-Ex Floating Production System.

Mustang had completed the FEED for the Exmar designed, re-deployable, single-level, semisubmersible deck. The hull also was designed by Exmar. The facility will be designed for 40,000 b/d of oil and 50 MMcf/d of gas, with expansion capabilities. The topside is valued at $125 million.

Completion is scheduled for 1Q 2009 and deployment is expected to be in the Gulf of Mexico for early production or on a marginal field.

12/20/2006