Contract for Oil Loading System and Design Licenses
SBM Offshore has announced that it has signed a contract for the oil loading system on board of a FPSO and for design licenses for drilling ships and jack-ups. The first contract is related to the deep water oil loading system required as part of an oil field development offshore West Africa. The scope of work consists of the engineering, procurement and supply of oil offloading lines and fiber optic cables to be suspended between a FPSO and its deep water export buoy.
The OOL will be based on the TrellineTM, a large diameter reinforced bonded rubber hose concept jointly developed between SBM Offshore and Trelleborg and previously supplied as part of various existing offshore developments. The offshore installation of the complete oil loading system (including the deep water buoy) in the second half of 2013, using the company’s installation vessel Normand Installer.
Design Licenses
SBM Offshore will receive design license fees from Hyundai Heavy Industries (HHI) who has recently confirmed that it has signed contracts to construct and deliver six drill ships of the GustoMSC P10,000 class with international drilling contractors. SBM Offshore will also receive design license fees from the Singaporean yards Keppel Fels and Jurong shipyard who have signed contracts to construct and deliver in total three cantilever drilling jack-ups of the GustoMSC CJ70 class with international drilling contractors. In addition the company has received orders for the supply of associated equipment for these jack-ups. The cumulative portfolio value of the above mentioned orders represents around USD 250 million.
Photo Courtesy: Solstad