Deals this week: African Petroleum Corporation, Beerenberg, MMHE
African Petroleum Corporation Limited has agreed to farm-out 70% operated interest in West African licences to an oil and gas company.
The licences encompass SOSP production sharing contract (PSC) in Senegal, and A1 and A4 licences in the Gambia.
Under the binding exclusivity agreement, the oil and gas company is responsible for paying up to $8.5m to African Petroleum and fund at least two deepwater offshore wells and costs associated with 3D seismic acquisition, pre-stack depth migration (PSDM) processing / reprocessing.
Beerenberg has received a contract worth approximately $23.40m from Aker Solutions to deliver insulation, scaffolding and surface treatment (ISO) services for Johan Sverdrup field development project in the Norwegian North Sea.
The scope of the contract includes scaffolding, rope access, surface treatment, passive fire protection, insulation and associated services. It also includes options for two additional installations in the field.
The offshore hook-up phase is scheduled for completion by 2019.
Malaysia Marine and Heavy Engineering (MMHE) has received a $226.7m contract Petronas Carigali to provide central processing platform (CPP) for the Bokor Phase III redevelopment project.
The engineering, procurement, construction, installation and commissioning (EPCIC) contract was awarded to MMHE through a competitive bidding process.
The first steel-cut for CPP is anticipated in the third quarter of 2018, while the project is scheduled for completion by 2020.
Upon completion, the new CPP will be positioned at the Bokor field in Baram Delta, offshore Sarawak.