Golar LNG Notes Execution of West Java FSRU
Friday, April 22, 2011
Golar LNG Energy
Golar LNG announced that the long term Floating Storage and Regasification (FSRU) and Mooring time charter with PT Nusantara
Regas, a joint venture between Pertamina and PGN (West Java FSRU Project) has been concluded and was executed on April 20, 2011.
The contract duration is for an initial term of approximately eleven years with automatic conditional extension options up to 2025. The West Java FSRU Project contract value for the initial period is approximately US $500 million.
Since the execution of the Letter of Intent in November 2010, Golar has ordered the long lead items, carried out conversion engineering and the vessel nominated for this contract, KHANNUR has been positioned to Singapore where the physical conversion works are now underway at Jurong Shipyard in Singapore.
Upon completion of conversion and delivery in the first quarter of 2012, KHANNUR will be permanently moored at a purpose built mooring structure located 15 km offshore West Java. The converted KHANNUR will be capable of storing ~ 125,000 cubic meters of LNG and delivering up to 500 MMSCFD (~3.8 MTA) of regasified LNG via Nusantara Regas's pipeline to fuel for two Power Plants owned and operated by Perusahaan Listrik Negara ("PLN"), Indonesia's national power company.
The Golar group has already completed three FSRU conversions over the last three years. The FSRU for the West Java FSRU Project will be similar in design to the latest of these three projects, the GOLAR FREEZE, which recently delivered under a long term contract in Dubai. The West Java FSRU Project will be Indonesia's first LNG regasifcation terminal and significantly, the first FSRU project in Asia. Golar is currently bidding on PGN's FSRU, Mooring and Pipeline tender to be located offshore Medan, Sumatra.
Golar Energy's FSRU technology offers reliable and cost effective solutions to fast track the import and regasification of LNG.
Golar Energy's CEO, Doug Arnell said "We are very proud to have executed this foundation agreement for the West Java project. We also wish to express our appreciation to the Nusantara Regas team for their dedication in finalizing the contract. We believe this contract for Indonesia and Asia's first FSRU will be the catalyst for the development of additional floating LNG projects within the Asia Pacific region. Indonesia has announced plans for more FSRU projects to include small scale LNG projects and we look forward to having the opportunity to deliver more fast track and low cost solutions."
Friday, April 22, 2011
FAIR Reaches Milestone for FORTE Semisub
FAIR Reaches Milestone for FORTE Semisub
Friday, April 22, 2011
Fairstar Heavy Transport N.V.
Fairstar Heavy Transport N.V. (FAIR) attended the keel laying ceremony of the 50,000DWT semi-submersible vessel FORTE at the GSI facility in Qidong, China. Senior executives from Guangzhou Shipbuilding International (GSI), Det Norske Veritas (DNV) and Fairstar witnessed the first block being lowered into the dry dock.
"We are thrilled to see the keel block now in place. In the coming months hundreds of additional blocks will be assembled into the FORTE and we expect to float the hull out of the dry dock on September 15, 2011. We are deeply impressed with the commitment of GSI and their Team on site. Our own site team of inspectors have been more than satisfied with the levels of quality and craftsmanship we see day after
day from GSI and all of their sub-contractors. We are confident the FORTE will be completed on schedule to meet its May 1, 2012 delivery date, well in time to begin service under its long-term, multi voyage Gorgon contract." reported Willem Out, Fairstar's Chief Operating Officer.
Friday, April 22, 2011
Fairstar Heavy Transport N.V.
Fairstar Heavy Transport N.V. (FAIR) attended the keel laying ceremony of the 50,000DWT semi-submersible vessel FORTE at the GSI facility in Qidong, China. Senior executives from Guangzhou Shipbuilding International (GSI), Det Norske Veritas (DNV) and Fairstar witnessed the first block being lowered into the dry dock.
"We are thrilled to see the keel block now in place. In the coming months hundreds of additional blocks will be assembled into the FORTE and we expect to float the hull out of the dry dock on September 15, 2011. We are deeply impressed with the commitment of GSI and their Team on site. Our own site team of inspectors have been more than satisfied with the levels of quality and craftsmanship we see day after
day from GSI and all of their sub-contractors. We are confident the FORTE will be completed on schedule to meet its May 1, 2012 delivery date, well in time to begin service under its long-term, multi voyage Gorgon contract." reported Willem Out, Fairstar's Chief Operating Officer.
CGGVeritas Buys Petrodata Consulting
CGGVeritas Buys Petrodata Consulting
Friday, April 22, 2011
CGG Veritas
CGGVeritas has purchased Petrodata Consulting.
The acquisition of Petrodata further strengthens the reservoir services of CGGVeritas, via Hampson-Russell Software & Services, offering seamless, fully integrated reservoir studies and field development planning.
Since the Petrodata team came together in 1997 its highly qualified staff has established a reputation of excellence in the Russian industry. Many on the team are qualified to act as official experts for GKZ and TsKR, the Russian reserves and production regulatory authorities. By capitalizing on their extensive experience and expertise, Petrodata developed a significant share of the domestic reservoir services market and have captured a growing share of projects for international oil and gas companies around the world.
Rob Mayer, Sr. VP, Hampson-Russell Software & Services, CGGVeritas, said, "We are very pleased by this acquisition which perfectly complements our existing high-end stochastic, petrophysical and 4D inversion technologies to better define the reservoir. We look forward to strengthening our Hampson-Russell Software & Services presence in the important Russian oil and gas market and leveraging the excellent reservoir engineering skill set of the Petrodata team across our worldwide network of CGGVeritas service centers to better meet the specific local needs of our clients."
Friday, April 22, 2011
CGG Veritas
CGGVeritas has purchased Petrodata Consulting.
The acquisition of Petrodata further strengthens the reservoir services of CGGVeritas, via Hampson-Russell Software & Services, offering seamless, fully integrated reservoir studies and field development planning.
Since the Petrodata team came together in 1997 its highly qualified staff has established a reputation of excellence in the Russian industry. Many on the team are qualified to act as official experts for GKZ and TsKR, the Russian reserves and production regulatory authorities. By capitalizing on their extensive experience and expertise, Petrodata developed a significant share of the domestic reservoir services market and have captured a growing share of projects for international oil and gas companies around the world.
Rob Mayer, Sr. VP, Hampson-Russell Software & Services, CGGVeritas, said, "We are very pleased by this acquisition which perfectly complements our existing high-end stochastic, petrophysical and 4D inversion technologies to better define the reservoir. We look forward to strengthening our Hampson-Russell Software & Services presence in the important Russian oil and gas market and leveraging the excellent reservoir engineering skill set of the Petrodata team across our worldwide network of CGGVeritas service centers to better meet the specific local needs of our clients."
Expro Opens New Facility in Ghana
Expro Opens New Facility in Ghana
Friday, April 22, 2011
Expro International Group
Expro has officially opened its new custom-built facility in Ghana, West Africa.
Expro has made a significant financial investment to create a world-class base for its experienced team in Ghana, highlighting its commitment to the area and demonstrating a determination to meet the needs of the market.
Expro currently operates in Takoradi with teams working on the Tullow Oil Jubilee contract, supplying deepwater electro-hydraulic subsea services, well testing and a range of other services. Expro has been involved with Tullow in Ghana from the exploration & appraisal phase of Jubilee through to the fast-track development phase.
The new site allows all project activity, including deepwater subsea tools, well testing, clean-up, sampling and PVT (pressure, volume, temperature) services, to be coordinated and monitored from a fully integrated facility. The bespoke 8,000m2 facility, which houses extensive workshop and office space, has been developed around 'modular concepts' which provide efficient work areas and can expand with greater ease, as future operations in the region dictate. This impressive site has also been designed with minimizing the potential impact on the environment in mind.
West Africa has been a major focus for Expro in recent years with a number of significant contracts secured. Almost 700 people are currently working across Expro's Southern & West Africa region, and the company is continuing to invest in people, technology and infrastructure to position itself for growth opportunities.
SWA Region Director Brett Lestrange commented, "Having a permanent operational base in Ghana will ensure we can offer the most efficient and effective service, as well as continuing to develop our presence in the challenging subsea deepwater environments. The Jubilee contract is an important part of our future plans in the region, and Expro's capabilities in all aspects of well flow management mean we are well positioned as Ghana develops through 2011 and beyond."
Recruiting and developing a local workforce plays an important part in Expro's business in Ghana, with the company taking pride in its approach to continuing to develop a nationalized workforce. The new operational base incorporates training facilities to ensure the workforce receive the training they need to benefit them personally as well as benefiting the business.
Mr. Lestrange said, "We have high expectations for the new facility. Its opening, combined with the expertise of our people and our latest technology developments, will allow us to continue to deliver to the highest standards for our customers at this exciting period for the region."
Friday, April 22, 2011
Expro International Group
Expro has officially opened its new custom-built facility in Ghana, West Africa.
Expro has made a significant financial investment to create a world-class base for its experienced team in Ghana, highlighting its commitment to the area and demonstrating a determination to meet the needs of the market.
Expro currently operates in Takoradi with teams working on the Tullow Oil Jubilee contract, supplying deepwater electro-hydraulic subsea services, well testing and a range of other services. Expro has been involved with Tullow in Ghana from the exploration & appraisal phase of Jubilee through to the fast-track development phase.
The new site allows all project activity, including deepwater subsea tools, well testing, clean-up, sampling and PVT (pressure, volume, temperature) services, to be coordinated and monitored from a fully integrated facility. The bespoke 8,000m2 facility, which houses extensive workshop and office space, has been developed around 'modular concepts' which provide efficient work areas and can expand with greater ease, as future operations in the region dictate. This impressive site has also been designed with minimizing the potential impact on the environment in mind.
West Africa has been a major focus for Expro in recent years with a number of significant contracts secured. Almost 700 people are currently working across Expro's Southern & West Africa region, and the company is continuing to invest in people, technology and infrastructure to position itself for growth opportunities.
SWA Region Director Brett Lestrange commented, "Having a permanent operational base in Ghana will ensure we can offer the most efficient and effective service, as well as continuing to develop our presence in the challenging subsea deepwater environments. The Jubilee contract is an important part of our future plans in the region, and Expro's capabilities in all aspects of well flow management mean we are well positioned as Ghana develops through 2011 and beyond."
Recruiting and developing a local workforce plays an important part in Expro's business in Ghana, with the company taking pride in its approach to continuing to develop a nationalized workforce. The new operational base incorporates training facilities to ensure the workforce receive the training they need to benefit them personally as well as benefiting the business.
Mr. Lestrange said, "We have high expectations for the new facility. Its opening, combined with the expertise of our people and our latest technology developments, will allow us to continue to deliver to the highest standards for our customers at this exciting period for the region."
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