Sea oil

Sembcorp Marine has announced that its wholly-owned subsidiary SMOE has received a contract worth SGD900m ($726m) from Norway-based Det norske oljeselskap, to build a process, drilling and quarters platform (pdQ) for the Ivar Aasen North Sea development.

As part of this engineering, procurement and construction contract, SMOE will work with its engineering partner Wood Group Mustang to complete the project.

As part of the project, facilities on the 13,700t topsides will be integrated with a 70-men living quarters module-cum-helideck, including modules for process, gas compression, separation, water injection, flare boom, metering and utilities.

Located west of the Johan Sverdrup-field in the Norwegian Continental Shelf, at water depths of 112 metres and 180km west of Stavanger, the Ivar Aasen project is expected to contain about 150 million barrels of oil equivalent.

"Sembcorp Marine announced that its subsidiary PPL Shipyard had received two turnkey contracts."

Construction of the platform is expected to begin in December 2013, with the sail-away scheduled in March 2016, and first oil expected in the fourth quarter of 2016.

SMOE constructs offshore fixed platforms, floating production systems, specialised modules and modularisation of onshore LNG plants.

On 7 December 2012, Sembcorp Marine announced that its subsidiary PPL Shipyard had received two turnkey contracts, which are valued at $434m, to build two jack-up rigs for Integradora de Servicios Petroleros Oro Negro.

The deep drilling offshore jack-up rigs are to be built based on the company’s PPL Pacific Class 400 design and are scheduled to be delivered during the last quarter of 2013 and first quarter of 2014.

Image: Ivar Aasen North Sea development. Photo courtesy of Stan Shebs.