Dockwise to move Big Foot
Dockwise will transport Chevron’s Big Foot platform hull from Daewoo‘s South Korea facility to the Gulf of Mexico next year. Dockwise announced the transport deal, along with eight other short-term contracts, on 5 October 2011. The transport specialist pegged the contracts at a value of over $55 million this year and next.
Daewoo cut first steel for the Big Foot hull in July 2011 and is to deliver the hull by the end of 2012.
In December 2010, Chevron sanctioned its operated $4 billion Big Foot development in the Lower Tertiary trend of the deepwater Gulf of Mexico. Located in 5200ft of water, Chevron is developing the field with an extended TLP using dry trees and an on-board drilling rig. The facility will have production capacity of 75,000b/d of oil and 25mmcf/d of natural gas. Chevron expects first oil in 2014.
Chevron discovered the field in 2006 in Walker Ridge block 29. The field holds estimated recoverable resources of over 200 million boe.
Chevron operates the project with 60% interest on behalf of partners Statoil (27.5%) and Marubeni (12.5%).
by: Jennifer Pallanich,
Posted on October 6, 2011, in Gulf of Mexico, Oil & Gas - offshore, Service, South Korea and tagged Big Foot, Chevron, Chevron Corporation, Chevron's Big Foot, Daewoo, Dockwise, gulf of mexico, Marubeni, Oil & Gas - offshore, Service, South Korea, Statoil. Bookmark the permalink. Comments Off on Dockwise to move Big Foot.