Killajoules

BW Offshore: Contract extension for BW Athena
BW Offshore has received a notice of termination for the FPSO BW Athena contract from Ithaca Energy. BW Offshore and Ithaca Energy (on behalf of the Athena field co-venturers) have agreed a revised contract structure to continue production on the Athena field beyond expiry of the firm period on a revised compensation scheme, involving advanced payment of an FPSO demobilisation fee and sharing of positive cashflow from the field. Both parties have the right to terminate on a 60-day notice period.

Alfa Laval wins SEK 260 million offshore pumping systems order
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply Framo pumping systems for FPSO projects in Angola. The order, booked in the Marine & Offshore Pumping Systems segment, has a value of approximately SEK 260 million and delivery is scheduled for 2015 and 2016.

Dyna-Mac Secures Landmark Catcher Development FPSO - Topside Module Fabrication Contract At S$89 Million From BW Offshore
Dyna-Mac has secured a contract with a preliminary sum close to S$89 million for the construction of 10 units of FPSO topsides modules and 1 unit of flare tower from BW Offshore, a leading global provider of floating production services to the oil and gas industry.

Teekay Offshore Awarded New FPSO Contract for Petrojarl I FPSO and Agrees to Acquire Knarr FPSO
Teekay Offshore Partners L.P. (NYSE:TOO) announced that it has entered into an agreement with a consortium led by Queiroz Galvão Exploração e Produção SA (QGEP) to provide a floating production, storage and offloading (FPSO) unit for the Atlanta field located in the Santos Basin offshore Brazil.

Bumi Armada Consortium Signs Contract For The FPSO For The Madura Bd Field In Indonesia
Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad (“Bumi Armada” or the “Company”) announced today that its wholly-owned subsidiary Bumi Armada Offshore Holdings Limited
(“BAOHL*”), together with its joint venture company, PT Armada Gema Nusantara ("PT AGN") (collectively, the “Consortium”), have, on the evening of 10th December 2014, been awarded a contract to supply one floating, production, storage and offloading vessel (“FPSO”) (“Contract”) for the Madura BD Field, approximately 65 km east of Surabaya and about 16km south of Madura Island, offshore Indonesia issued by Husky CNOOC Madura Limited (“HCML”).

MODEC's FPSO Cidade de Mangaratiba MV24 Achieves First Oil; Charter Begins
MODEC, Inc. (“MODEC”) announced today that the FPSO Cidade de Mangaratiba MV24, located in the BM‐S‐11 block (Iracema Sul area) in the giant "pre‐salt" region of the Santos Basin offshore Brazil, has achieved First Oil production in the middle of October this year. The FPSO is chartered by Tupi B.V., a subsidiary of Petróleo Brasileiro S.A. (“Petrobras”), under a 20 year lease and operation contract.

The FPSO is moored at Lula field, Iracema Sul area with 2,200 meters of water depth. The FPSO is capable of processing 150,000 barrels of oil per day and 280 MM standard cubic feet of gas per day, and has storage capacity of about 1,600,000 barrels of crude oil.

This is the 9th FPSO/FSO vessel which MODEC has provided in Brazil, as well as MODEC’s 3rd FPSO in the presalt after the FPSO Cidade de Angra dos Reis MV22 and the FPSO Cidade de São Paulo MV23.

MODEC and Schahin Group awarded Tartaruga Verde / Tartaruga Mestiça FPSO charter contract from Petrobras
MODEC, Inc. (“MODEC”) announced today that MODEC and its Brazilian partner
Schahin Group have been awarded a contract for supply, charter, and operations of a Floating, Production, Storage, and Offloading (FPSO) vessel for the BM‐C‐36 block (Tartaruga Verde and Tartaruga Mestica fields) in the Campos Basin by Petróleo Brasileiro S.A. (“Petrobras”). This announcement is further to the Letter of Intent (LOI) which was issued on November 28, 2014.

The FPSO will be deployed at Tartaruga Verde and Tartaruga Mestiça fields in the BM‐C‐36 block in the Campos Basin in water depth of 765m. The BM‐C‐36 block is 100%‐owned by Petrobras.

MODEC and Schahin Group are responsible for the engineering, procurement, construction, mobilization, installation and operation of the FPSO, including topsides processing equipment as well as hull and marine systems. SOFEC, Inc., a subsidiary of MODEC, will design and supply the spread mooring system.

The FPSO will be capable of processing 150,000 barrels of crude oil per day, 176 million standard cubic feet of gas per day, 200,000 barrels of water injection per day and has storage capacity of about 1,600,000 barrels of crude oil.

The FPSO delivery is scheduled in the 3rd quarter of 2017.

"We are very honored to be awarded the memorable 10th FPSO/FSO vessel from Petrobras, as well as MODEC’s 12th unit in Brazil,” said Toshiro Miyazaki, President and CEO of MODEC. “We are committed to carry out the project along with Schahin Group in order to contribute to the foundation for the development of energy industries in Brazil.”

The Schahin Group has a significant presence in the drilling services market and has been working with Petrobras Group and Consortia in which Petrobras has been participating since 1982. The Schahin Group is pleased to expand into production services via the partnership with MODEC and Petrobras.

Petrobras starts-up FPSO Cidade de Ilhabelha in Santos Basin pre-salt Sapinhoá field
Petrobras announces that the offshore platform Cidade de Ilhabela started-up this Thursday, November 20, at 5:37 a.m., in the Santos Basin pre-salt field of Sapinhoá. The new unit is part of the set of production projects scheduled for this year as outlined in the company’s 2014-2018 Business and Management Plan.

Sembcorp Marine’s Subsidiaries Secure Two Contracts Totalling S$222 Million in Value
Sembcorp Marine wishes to announce that its subsidiaries Sembmarine SLP and Jurong Shipyard Pte Ltd have secured offshore energy related contracts valued at a combined S$222 million.

Sembcorp Marine Subsidiary Jurong Shipyard Secures Us$696 Million Libra FPSO Conversion Contract
Sembcorp Marine is pleased to announce that its wholly-owned subsidiary Jurong Shipyard Pte Ltd has secured a US$696 million contract to convert a shuttle tanker into a floating, production, storage and offloading (FPSO) vessel for OOGTK Libra GmbH & Co KG, a joint venture between Brazil’s Odebrecht Oil & Gas and Teekay Offshore.