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USA: Statoil Extends Maersk Developer Contract for GoM Work

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Norway’s oil and gas exploration and production compayn, Statoil, has declared the option included in the 4-year firm contract for the ultra deepwater semi-submersible Maersk Developer rig.

Under the contract, the rig, owned by Denmark’s Maersk Drilling, will continue to work for Statoil in the US Gulf of Mexico. The duration of the option is two years with start scheduled for 4 November 2013 when the firm contract runs out. The contract value for the option period is approximately USD 370 million.

“We are very pleased to continue our cooperation with Statoil, one of our key clients, for this highly advanced deepwater rig,” says Claus V. Hemmingsen, CEO of Maersk Drilling.

“Having secured contracts for all our deepwater semisubmersibles until mid 2014 is a milestone in Maersk Drilling’s ambition of becoming a leading provider of highly advanced ultra deepwater rigs.”

Delivered in 2009, Maersk Developer is the first in a series of three state-of-the-art ultra deepwater development semi-submersibles in Maersk Drilling’s fleet. Since its delivery the rig has been employed in the US Gulf of Mexico.

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Australia: Saipem Lands Ichthys LNG Work

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Saipem has signed an EPCI contract with INPEX for the Gas Export Pipeline (GEP) on the Ichthys LNG Project in Australia.

Saipem’s scope of work will include the Engineering, Procurement, Construction and Installation of 889 kilometres of a 42-inch-diameter subsea pipeline, in water depths of up to 275 metres, connecting the offshore central processing facility to the onshore processing facility in Darwin.

Offshore activities will be carried out during 2014 by the newly-built Castorone pipelay vessel. The recently upgraded Semac 1 pipelay barge will be employed for the shallow water section.

The Ichthys LNG Project is a Joint Venture between INPEX (76%, the Operator) and Total (24%). Gas from the Ichthys Field, in the Browse Basin, approximately 200 kilometres offshore of Western Australia, will undergo preliminary processing offshore to remove water and extract condensate. The gas will then be exported to onshore processing facilities in Darwin via an 889 kilometres subsea pipeline. The Ichthys Project is expected to produce 8.4 million tonnes of LNG and 1.6 million tonnes of LPG per annum, along with approximately 100,000 barrels of condensate per day at peak.

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Polarcus Nadia Set for West Africa Work

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UAE based company specializing in high-end towed streamer data acquisition, Polarcus Limited, has signed a Letter of Intent with an undisclosed client for a 3D seismic acquisition project offshore West Africa.

The project, to be acquired by ULSTEIN SX124 design vessel, Polarcus Nadia, will start this month and is expected to run for approximately 30 days.

Delivered in 2009 Polarcus Nadia is an ultra-modern 12 streamer 3D/4D seismic vessel. Built to the ULSTEIN SX124 design and incorporating the innovative ULSTEIN X-BOW® hull, this vessel combines the latest developments in maritime  systems with the most advanced seismic technology commercially available. The vessel is also amongst the most environmentally sound seismic vessels in the market with diesel-electric propulsion, high specification catalytic convertors, double hull, and advanced bilge water cleaning system. This vessel complies with the stringent DNV CLEAN DESIGN notation.

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USA: Chevron Selects McDermott for Jack and St. Malo Fabrication and Installation Work

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McDermott International, Inc. , announced today that one of its subsidiary companies was awarded fabrication and installation work from Chevron U.S.A. Inc. to support the development of the Jack and St. Malo fields in the Gulf of Mexico. The project will be included in McDermott’s first quarter 2011 bookings.

Work will begin in 2013, with the start of fabrication of 21 rigid jumpers at McDermott’s Morgan City fabrication facility in Louisiana. Offshore installation will begin in early 2014 using McDermott’s subsea construction vessel North Ocean 102 (“NO102”) and the DB16.

“We are pleased to be able to support Chevron’s deepwater developments in the Gulf of Mexico and believe that our combined solution of NO102’s high payload and top tension capacity coupled with our ability to fabricate the high spec jumpers in house provides a unique benefit for this project’s delivery,” said Stephen M. Johnson, President and Chief Executive Officer of McDermott.

The NO102 and its crew will transport and install more than 60 miles of umbilicals, including three control and two power umbilicals. The jumpers and remaining subsea controls system components, including more than 80 flying leads, will be installed by the DB16.

Located in up to 7,150 feet of water in the US Gulf of Mexico Walker Ridge lease blocks, the Jack South and St. Malo North and South subsea drill centers tie back to the Jack and St. Malo floating production platform.

More about North Ocean 102

The 427-foot NO102 enables McDermott to offer versatile installation capabilities in the flexible pipe and product market worldwide. The vessel has two cranes and a moon pool to support deepwater subsea construction work and has a fast transit speed. It is currently equipped with a 7,000-ton capacity cable and umbilical and flexible pipe carousel with horizontal lay system. Plans are underway to upgrade the vessel’s capability by installing a high-capacity flexible-lay system for ultra deepwater installation work. The upgrade will include installation of a new 250-ton crane.

North Ocean 105 (NO105), the sister ship to NO102, is currently under construction at a Spanish shipyard. The 427-foot vessel will be outfitted with a high capacity rigid-reeled pipe-lay system with top-tier payload capacity. The system will also accommodate installation of flexible products including submarine cables and umbilicals and flexible pipelines. The anticipated delivery date of the NO105 is 2012.

ABOUT McDERMOTT

McDermott is a leading engineering, procurement, construction and installation (“EPCI”) company focused on executing complex offshore oil and gas projects worldwide. Providing fully integrated EPCI services for upstream field developments, the Company delivers fixed and floating production facilities, pipelines and subsea systems from concept to commissioning. McDermott’s customers include national and major energy companies. Operating in more than 20 countries across the Atlantic, Middle East and Asia Pacific, the Company’s integrated resources include more than 15,000 employees and a diversified fleet of marine vessels, fabrication facilities and engineering offices. McDermott has served the energy industry since 1923.

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