Hallin, GeoLab score Pearl GTL contracts

Shell and Qatar Petroleum have awarded Hallin Marine and GeoLab a vessel and ROV contract for the Pearl GTL project in Qatar.

Offshore staff

ABERDEEN, UK -- Shell and Qatar Petroleum have awarded Hallin Marine and GeoLab a vessel and ROV contract for the Pearl GTL project in Qatar.

Geolab has received a letter of intent from main contractor J. Ray McDermott Eastern Hemisphere in connection with the contract.

Under the terms of the contract, GeoLab will provide a vessel and Hallin will provide ROV support services for the project.

Hallin is supplying two ROVs and a crew of some six operators and technicians. The crew will operate the work-class and the inspection-class vehicles for the contract, which is expected to run for most of the year.

The Pearl GTL project comprises the development of upstream gas production facilities as well as an onshore GTL plant that is designed to produce 140,000 b/d of GTL products as well as approximately 120,000 b/d of associated condensate and liquefied petroleum gas.

The project will be developed in two phases with the first phase operational around the end of the decade. The second phase will be completed one year later. The project includes the development of a block within Qatar's North field gas reserves, which will produce 1.6 bcf/d of natural gas.

GeoLab's ROV support vesselDP Geo is currently enroute to the Gulf.

05/20/2009

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