Contract for Valhal Flank Development

abarrelfullabarrelfull wrote on 11 Jul 2012 11:26
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21-8-2001

On behalf of the Valhall partnership BP as operator has issued a letter of intent to Heerema Tønsberg for the engineering, procurement, construction and installation (EPCI) of one wellhead platform with an additional wellhead platform as an option to be declared by the Valhall partnership before 1st June 2002. The value of this contract including the option is NOK 1000 million.
Heerema Tønsberg won the contract in competition with three other companies, Kvaerner, Aker and Reinertsen Engineering based on price; technical solution and quality; and the way in which the bid meets health, safety and environmental requirements.

The contract is a break-through for the effort to create a technology centre of competence in Vestfold for the oil and gas industry.

Heerema Tønsberg has entered into an alliance with Future Engineering in Sandefjord and IV Oil & Gas in Holland. Both engineering companies have long experience in the oil and gas industry. The BP contract confirms the strength and competence of this alliance.

The engineering work for the platforms will start immediately in the offices of Future Engineering in Sandefjord. Construction of the topside with equipment will take place in Tønsberg, and will start in December 2001. This coincides with the reduced demand for structural work for the ongoing Ringhorne project. The contract provides work at Heerema Tønsberg until the summer of 2003.
All construction work related to the platform will be executed by companies within the Heerema Group. Construction of the jacket will take place at Heerema Havenbedrijf in Vlissingen, Holland, whilst the transport and installation of the platform will be undertaken by Heerema Marine Contractors in Leiden, Holland.
BP is an important client to Heerema Tønsberg, and this is the third BP contract awarded to Heerema Tønsberg since 1995. BP is operator of the Valhall Field and has extensive investment plans in the near future since the oil and gas deposits in this field are assumed to be far more considerable than previously estimated.


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