Coogee awards $26-million subsea contract to VetcoGray

Coogee Resources Ltd. has awarded VetcoGray a $26-million contract for subsea production trees and controls for Montara field in the south Timor Sea.

Offshore staff

PERTH, Australia --Coogee Resources Ltd. has awarded VetcoGray a $26-million contract for subsea production trees and controls for Montara field in the south Timor Sea.

The contract calls for four 13 5/8 in (34.6 cm) horizontal trees on mudline systems, wellheads and control systems for subsea control modules, topside controls, and subsea distribution and instrumentation. VetcoGray says this will be the first horizontal trees on mudline system in the Asia/Pacific region.

Montara is approximately 650 km (404 mi) west of Darwin, Australia, and is part of Coogee Resources' 100% owned Montara Project, which also comprises the Skua and Swift/Swallow oil fields. 2P reserves are cited at 36.9 MMbbl of oil.

First production for Montara is expected in 2008.

06/08/2007

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