Keppel On Track to Deliver Saipem Rig

- Keppel On Track to Deliver Saipem Rig

Monday, August 01, 2011
Keppel Corp. Ltd.

Keppel FELS is on track to deliver Scarabeo 9, a 6th generation ultra-deepwater semisubmersible drilling rig, to Saipem S.p.A (Saipem) on time and with no lost time incidents.

A significant part of Keppel FELS' workscope on Scarabeo 9 involved the completion and commissioning of marine and drilling systems onboard.

The rig was named by Lady Sponsor, Mrs. Anna Tatka, spouse of Mr. Pietro Franco Tali, CEO of Saipem.

Speaking at the ceremony, Mr. Tali said, "With Keppel's proven track record, we were confident of receiving a rig of the highest quality delivered on time and in a safe manner. This sixth generation rig will be an important addition to our fleet as we expand our foothold to be one of the best balanced turnkey operators in the offshore and marine industry."

The Frigstad D90 semisubmersible rig is equipped with a Dynamic Positioning 3 system and will be capable of operating in water depths of up to 3,600 meters.

Mr. Tong Chong Heong, CEO of Keppel Offshore & Marine, added, "In completing this complex rig, we leveraged our in-house engineering expertise, proven project management and execution capabilities to ensure quick turnaround times in providing value added solutions.

"We thank Saipem for their trust in us and are glad to be able to demonstrate our capabilities with this safe and on time delivery. This extends to all our projects for Saipem, including the completion of Castorone at Keppel Shipyard. We look forward to supporting Saipem as they grow their fleet of high specification products for different parts of the world."

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Scana to Deliver MCCTLF for GOM Proj.

- Scana to Deliver MCCTLF for GOM Proj.

Thursday, June 23, 2011
Scana Industrier ASA

Scana has through its subsidiary Scana Offshore Systems Inc. in Houston, been awarded a contract to deliver a Motion Compensating Coil Tubing Lift Frame (MCCTLF) for a non-disclosed project in the Gulf of Mexico.

Contract value is approx 2.75 MUSD for patent pending system.

The concept of developing a MCCTLF is a result of the good cooperation between Scana Offshore Services and Stingray Offshore Solutions having designed the system (25% owned by Scana). The project awarded recognizes Scanas product development program and honors the presentation of new innovative product solutions to the market.

Project will start immediately and will be executed from the Scana facilities in Houston, Texas.

CEO in Scana Industrier ASA, Mr. Rolf Roverud, is most pleased with this breakthrough contract. "This contract introduce a new engineered product from Scana Offshore Services. This is a product which has future potentials in the increasing well intervention market."

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AMEC to Design, Deliver Expansion in MWCC's Containment System

- AMEC to Design, Deliver Expansion in MWCC's Containment System

Wednesday, June 15, 2011
AMEC plc

AMEC has been selected by the Marine Well Containment Company (MWCC) to design and deliver components of MWCC's expanded containment system.

"I am pleased that AMEC's track record of excellent execution, particularly of complex and challenging projects, has gained this recognition," said Simon Naylor, president of AMEC's Natural Resources Americas business. "This project is of significance to the reputation and future of our industry and it is a testament to our people that we have been given the responsibility to deliver a significant part of it."

AMEC's role covers project management, engineering, fabrication, integration, and commissioning of modular equipment to be utilized by the capture vessels of the Marine Well Containment System. AMEC's recent acquisition, qedi, will be supporting AMEC on the integrated completions and commissioning services. When completed, the modular assemblies will be stored and maintained at permanent shore base locations.

The expanded containment system, scheduled for delivery in 2012, is designed to operate in up to 10,000 feet of water in the Gulf of Mexico, and capture up to 100,000 barrels of fluid and 200 million cubic feet of gas per day.

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Keppel to Deliver FPSO to Bumi Armada

- Keppel to Deliver FPSO to Bumi Armada

Monday, June 13, 2011
Keppel Corp. Ltd.

Keppel is on track to deliver its latest Floating, Production, Storage and Offloading (FPSO) project, Armada TGT 1, to Bumi Armada Berhad (Bumi Armada).

Mr. Nelson Yeo, MD of Keppel Shipyard, said, "We would like to thank our valued customer Bumi Armada for entrusting Keppel Shipyard with the conversion of all their FPSOs.

"The success of any complex conversion project depends on the trust and teamwork between a shipyard and its customers. Keppel Shipyard was privileged to have the full support of Bumi Armada in the safe and timely execution of Armada TGT 1, for which we had provided a full range of conversion services, including the fabrication of the topsides and turret."

Armada TGT 1 will be deployed in the Te Giac Trang (TGT or White Rhinoceros) oil field, in Vietnam's Cuu Long Basin, for Hoang Long Joint Operating Company. This FPSO is expected to strike first oil in the third quarter 2011. At full capacity, the unit will be able to produce 55,000 barrels of oil per day and store 620,000 barrels of oil.

Mr. Hassan Basma, Executive Director and CEO of Bumi Armada, elaborated on the vessel's specifications, "This FPSO has been specifically designed to process difficult crude with a low wax appearance temperature and to withstand, sustain and remain moored under 100 year return environmental conditions including cyclones and tsunamis prevalent offshore Vietnam; this too in shallow waters of less than 43 meters. The completed topside is more than 12,000 tonnes and incorporates state-of-the-art technologies and a different layout to similar class FPSO resulting in a lighter topside and improved operability and safety considerations."

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Keppel On Track to Deliver P-56 FPU to Petrobras

- Keppel On Track to Deliver P-56 FPU to Petrobras

Monday, June 06, 2011
Keppel Corp. Ltd.

The consortium of Keppel Offshore & Marine Ltd (Keppel O&M) and Technip Engenharia S/A is on track to deliver the P-56 Floating Production Unit (FPU) to Petrobras Netherlands BV (PNBV), safely, on time and within budget.

The first FPU completely built in Brazil, P-56 achieved 9 million man-hours without lost time incidents. With a displacement of 50,000 tonnes, this massive FPU, one of the world's largest, measures 110 meters in length and width, and 125 meters in height.

Brazilian President HE Dilma Rouseff witnessed the christening of P-56 by congresswoman Luiza Erundina at Keppel FELS Brasil's BrasFELS shipyard in Angra dos Reis. Also present were the Governor of Rio de Janeiro, Mr Sergio Cabral, Petrobras' President Mr Jose Sergio Gabrielli, Keppel's management and over 8,000
Brazilian shipyard workers.

Mr Choo Chiau Beng, Chairman of Keppel O&M and non-resident Ambassador of Singapore to Brazil said, "P-56 is a shining example of the technology expertise and execution capabilities built up by BrasFELS and Brazil's offshore and marine industry. This achievement has been built up incrementally through previous projects such as the P-52 and P-51 FPUs. Today, we have turned vision into reality in establishing Brazil as a center for world class shipbuilding, with the first 100% Brazilian-built rig.

"We are proud to be able to support Brazil and Petrobras as they grow their fleet of highly capable production units. Through our near market, near customer strategy, Keppel remains committed to Brazil and her comprehensive oil and gas development program to increase output from Brazilian oil fields with significant local content."

When completed, P-56 will be capable of processing and treating 170,000 barrels of liquids and 100,000 barrels of 16º API oil, 6 million cubic meters of natural gas, and of injecting some 280,000 barrels of water in the reservoir. P-56 will be positioned at depths of 1,670 meters off the Marlim Sul field in the Campos basin.

P-56 is another significant milestone in a series of firsts achieved by Keppel in Brazil since its BrasFELS yard was established in 2000. Notably, BrasFELS carried out the first ever in-country FPSO conversion of P-48 and delivered the P-52, the first project for which Petrobras imposed a minimum 60% local content requirement.

This was followed by the delivery of P-51 in 2008 and the Floating Production Storage and Offloading vessel (FPSO), P-57, in October 2010. P-51, P-52 and P-57 were done in collaboration with Keppel's yards in Singapore and the synergy enabled significant technological and knowledge transfers to Brazil.

Mr. Choo added, "We have a longstanding partnership with Brazil having delivered 19 major projects since 1994 for the country, five of which were completed in BrasFELS. Over the years, we have been equipping BrasFELS and training our workers to take on more sophisticated jobs. We are committed to continue deepening our roots here and be the choice provider of solutions to the Brazilian market.

"One of the most comprehensive offshore and marine facility in Latin America, BrasFELS has an established track record that Petrobras and our customers can rely on to provide local content and support Brazil's requirements as a net oil exporter."

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STEP Offshore to Deliver CRI System to Maersk Jackup

- STEP Offshore to Deliver CRI System to Maersk Jackup

Aker Solutions' wholly-owned subsidiary STEP Offshore has won a contract to deliver an integrated cuttings re-injection (CRI) system to Maersk Drilling's jackup rig Maersk Reacher.

Aker Solutions and STEP Offshore will supply a complete system for slurrification and re-injection of drill cuttings. The state-of-the-art system enables next generation HSE performance and drilling efficiency. The scope of supply includes process equipment, control system, installation supervision, commissioning, offshore start-up assistance and training.

"We are very proud to be awarded this contract by Maersk Drilling and look forward to working with them on this project," said Pål Eriksen, President of STEP Offshore. "We believe STEP Offshore won this important contract due to our ability to meet Maersk Drillings tight time schedule and our superior technical solutions."

The CRI Unit will be delivered in 2Q 2011. The value of the contract is NOK 25 million.

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Parnaiba Basin Wells Deliver for OGX

- Parnaiba Basin Wells Deliver for OGX

Tuesday, May 17, 2011
OGX S.A.

OGX has presented to the National Petroleum Agency (ANP), through its subsidiary OGX Maranhão Petróleo e Gás Ltda., declarations of commerciality for the Califórnia and Fazenda São José accumulations discovered in the PN-T-68 block within the Parnaíba Basin.

"These declarations of commerciality in the Parnaíba Basin represent a milestone in the Company's development in a new exploratory frontier only 20 months after the acquisition of the concessions. With this declaration, we have taken an important step towards production," stated Paulo Mendonça, General Executive Officer and Exploration Officer for OGX.

OGX has presented to the ANP the declarations of commerciality for the California accumulation, which the new proposed designation is Gavião Azul Field and for the Fazenda São José accumulation that is expected to be designated as the Gavião Real Field, following the Agency's approval. The development plans for the fields were properly submitted to ANP's approval by OGX and are still under analysis.

Additionally, the Company has identified the presence of hydrocarbons in wells 1-OGX-34-MA and 3-OGX-38-MA, both in the PN-T-68 block within the Parnaíba Basin.

The OGX-34 well, a wildcat well in the Bom Jesus prospect, discovered a net pay of 23 meters of gas in two intervals, within the Poti and Cabeças formation, which is the third accumulation the Company has discovered in the region. The OGX-38 well, the first appraisal well in the Fazenda São José accumulation which was discovered by the OGX-22 wildcat well, encountered a net pay of 43 meters of gas in the Poti formation, surpassing initial volume expectations for this accumulation. The exploration of this well is ongoing.

The California and Fazenda São José accumulations will be OGX's first natural gas fields. The Company estimates that these fields will reach a production of 5.7 million m³ per day by 2013, which will correspond to a total production of 1.1 Tcf of gas. The natural gas to be produced in this region will be preferentially provided to the power plants to be constructed by MPX Energia S.A., an EBX group company, in association with Petra Energia S.A., both of whom are partners of OGX in the PN-T-68 block.

MPX has already acquired the site to construct a power plant in the PN-T-68 block and has also obtained an installation license for 1,863 MW, which was granted by the Secretaria Estadual do Meio Ambiente do Estado do Maranhão. In addition, MPX has initiated the environmental licensing process for the development of an additional 1,859 MW in the region.

OGX Maranhão Petróleo e Gás Ltda., an entity controlled by OGX S.A. (66.6%) and MPX Energia S.A. (33.3%), is the operator and holds a 70% stake in this block, with Petra Energia S.A. owning the remaining 30%.

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