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May 4, 2014

April’s top stories: Saipem wins $4bn contracts, Alfa Laval to acquire Frank Mohn

Italian oil and gas industry contractor Saipem secured contracts for a combined total of more than $4bn in Angola from French oil firm Total. Swedish engineering group Alfa Laval signed an agreement to acquire Norwegian marine and offshore pumping group Frank Mohn for NOK13bn ($2.17bn). Offshore Technology wraps up the key headlines from April.

April's top stories

 

Saipem wins $4bn FPSO contracts from Total in Angola

offshore

Italian oil and gas industry contractor Saipem secured contracts for a combined total of more than $4bn in Angola from French oil firm Total.

Said to be worth more than $3bn, the main EPCI contract is for the engineering, procurement, installation and commissioning of two converted turret-moored floating production storage and offloading units (FPSO) for the Kaombo field development project, located in block 32, offshore Angola.

Total also awarded a seven-year contract of approximately $1bn to Saipem for operation and maintenance services of the two units, each of which have an oil treating capacity of 115,000bpd.

 

Alfa Laval to acquire Norwegian offshore pumping group for $2.17bn

Swedish engineering group Alfa Laval signed an agreement to acquire Norwegian marine and offshore pumping group Frank Mohn for NOK13bn ($2.17bn).

The acquisition will add a new portfolio to Alfa Laval’s fluid handling portfolio pumping technology to its existing range of equipment.

Alfa Laval Group president and CEO Lars Renström said: "The combination of Frank Mohn and Alfa Laval will provide a very attractive offering of products, systems and services and it will strengthen our leading position as a provider of critical systems for ships and offshore oil and gas production units, with unmatched service capabilities."

 

Bumi Armada wins $2.9bn FPSO contract from Eni for block 15/06 in Angola

offshore

Malaysian offshore oilfield services provider Bumi Armada received a letter of intent (LoI) from Italian oil and gas company Eni, stating its intention to award a $2.9bn contract to provide a floating production, storage and offloading (FPSO) vessel.

Eni awarded the contract to a consortium of Bumi Armada Offshore for the chartering, operation and maintenance of the FPSO vessel for deployment at block 15/06, East Hub located offshore Angola.

As part of the LoI, Bumi Armada will be authorised to commence engineering and procurement work on the FPSO immediately with a contract effective date of 28 March 2014.

 

Vallianz bids for $1.2bn offshore projects

offshore

Vallianz Holdings, an integrated offshore marine solutions provider in the offshore oil and gas industry, is bidding for offshore projects, worth more than $1.2bn, in Asia, Latin America, Africa and the Middle East.

The company will offer a variety of offshore vessels to conduct services, including platform supply run services, anchor handling and supply services, accommodation services and salvage support services, to major international and national oil and gas companies, for the projects.

The bids are expected to expand the fleet size by an additional 24 vessels, to be delivered by the company within the next two years.

 

Statoil’s Gudrun oil and gas field begins production in North Sea

offshore

The Gudrun oil and gas field, operated by Statoil on the Norwegian shelf in the North Sea, came on stream.

The field, co-owned by GDF Suez and OMV, is expected to produce 184 million barrels of oil and gas (oil equivalent).

Gudrun is co-owned by Statoil (51%), GDF Suez E&P Norge (25%) and OMV Norge (24%).

Originating from the Jurassic age, the field lies within the production licence PL025 and is located at a depth of 4,200m-4,700m.

 

Premier discovers oil at Tuna block offshore Indonesia

offshore

London-based Premier Oil discovered oil at the Kuda Laut-1 well on the Tuna block offshore Indonesia.

The company encountered 183ft of net oil-bearing reservoir and 327ft of net gas-bearing reservoir, and the oil and gas samples have been recovered to surface.

Following completion of evaluation operations, the Kuda Laut-1, which is operated by Premier Oil with a 65% stake, will be side-tracked to drill the Singa Laut prospect in the adjacent fault block, with results expected in late May.

 

Total to develop offshore Kaombo project in Angola

offshore

Total and its joint-venture partners decided to develop Angola’s ultra-deep offshore Kaombo project.

Kaombo, which has a production capacity of 230,000bpd, will develop estimated reserves of 650 million barrels.

Located approximately 260km offshore Luanda, the project is expected to start in 2017.

 

Rolls-Royce to invest in Brazilian marine facility

Rolls-Royce announced plans to further invest in a new marine facility in Rio de Janeiro, Brazil, to support customers in the expanding offshore oil and gas industry.

The company will commence construction of the facility at its 27,000m² site in May.

Rolls-Royce will use a new £22m marine facility in Duque de Caxias to assemble and test large thrusters, as well as other propulsion equipment for use on semi-submersible rigs, drill ships, FPSOs and other complex offshore vessels.

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