Offshore staff
(Dubai)- Addax Petroleum's subsidiary Addax Petroleum Development (Nigeria) Ltd. held a Sail Away Ceremony for theKnock Adoon FPSO at the Dubai Drydocks Shipyard.
TheKnock Adoon will replace the current Knock Taggart FPSO as Addax Petroleum's new key crude oil production, storage and export facility in its fields in OML123, offshore Nigeria.
Designed to store a minimum of 1.7 MMbbl of crude oil, theKnock Adoon also offers a processing capacity of 60 Mb/d of crude oil and a total liquids (oil and water) processing capacity of 140 Mb/d. Incorporated in this facilities upgrade and expansion is an off-loading buoy terminal to more efficient crude offloading and to accommodate larger tankers.
The contract for the provision of the FPSO was awarded to Fred Olsen Production AS. Upgrade work was carried out in the Dubai Drydocks Shipyard in preparation for vessel mobilization to Nigeria.
The vessel is expected to depart from Dubai in May. Addax Petroleum has the vessel under contract for an initial eight year period with options to extend.
Jean Claude Gandur, president and CEO of Addax Petroleum called the development of the FPSO "a fabulous example of how to work together, with the cross-border work performed by the Fred Olsen, Drydocks Shipyard, DPR, NNPC, NAPIMS and Addax Petroleum teams."
Gandur also said, "The Knock Adoon FPSO is a valuable asset for the company and its shareholders that will help us sustain production in our biggest producing field."
TheKnock Adoon is the third FPSO contracted by Addax Petroleum in Nigeria after the Knock Taggart, chartered from Fred Olsen Production in OML123 and the Sendje Berge, chartered in 2005 from Sendje Berge Ltd in OPL90.
04/26/2006
