First FPSO contract in Australia

abarrelfullabarrelfull wrote on 02 Jan 2013 08:16

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7 May 2007

Prosafe announces the award by Apache Northwest Pty Ltd (Apache) of the charter contract for the supply and operation of an FPSO for the Van Gogh field offshore Australia. The firm period of the contract is seven years, followed by options for a maximum of eight years. The firm period of the contract has a value of approx. USD 418 million.

Prosafe will be responsible for the engineering, procurement, construction, installation, commissioning and operation of the FPSO. The vessel is expected to arrive in the field in the fourth quarter of 2008.

The conversion will be based on the M/T Kudam, an Aframax with double sides. The FPSO will have a process facility of 150 000 barrels of fluid per day, a crude oil production of 63 000 barrels of oil per day and an oil storage capacity of 620 000 barrels.

The Van Gogh field lies in a water depth of about 350 meters and is located off the North West corner of Australia. The area is environmentally sensitive and produced water and gas will be reinjected for environmental reasons.

The contract represents an important breakthrough for Prosafe in the growing Australian market. Prosafe will make use of its proprietary technology, including a disconnectable turret mooring system and multipath swivel stack. The disconnectable turret system is a further development of the company's long proven designs which have been in operation for more than 15 years.

The disconnectable turret mooring system broadens the company's range of products, which ranges from buoys to large deepwater turrets with capacity of 40 risers.

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