Page 15: of Marine Technology Magazine (January 2007)

www.seadiscovery.com Marine Technology Reporter 15

Offshore news

SBM Offshore Books $1.2b

Lease, Supply Orders

SBM Offshore N.V. received a number of orders in both the lease and the turnkey supply segments of its offshore oil activi- ties. A lease contract has been signed with

Murphy Exploration & Production

Company USA and its co-producers

Dominion Exploration & Production Inc.,

Hydro Gulf of Mexico, L.L.C and

Marubeni Offshore Production (USA) Inc. for the provision of a new built semi-sub- mersible floating production unit for installation in Mississippi Canyon (MC),

Block 736 offshore Louisiana in the Gulf of Mexico and will further process produc- tion from MC 734.

The Thunder Hawk Facility, which will be based on Atlantia's DeepDraft Semi design, will be moored in 1,800 m water depth and equipped to produce up to 60,000 barrels of oil and 70 million stan- dard cubic feet of gas per day from the ini- tially installed equipment and deck area.

The contract is based on a production han- dling agreement providing the Thunder

Hawk partners firm capacity of the facility for an initial period of five years.

Another FEED (Front End Engineering

Design) contract has been signed with

Talisman Energy Norge AS, operator of the PL316 license offshore Norway, for a

MOPU Stor, a production jack-up installed on a sub sea storage tank. The purpose of the FEED work is to adapt the patented design of SBM Offshore sub- sidiary GustoMSC, previously used in the

Danish sector of the North Sea in the Siri field, towards a final investment decision and the submission, late 2006 or early 2007, of a PDO (Plan for Development and Operation) for the re-development of the Yme field. In view of the then prevail- ing low oil price environment the previous operator abandoned production from the

Yme field in 2001.

In addition the SBM announced receipt of three Letters of Intent from Brazilian drilling contractors for the supply of

Dynamically Positioned Semi-Submersible

Drilling Units. These LoI's were issued in the context of ongoing negotiations between the drilling contractors and

Petrobras for the award of long term drilling contracts, starting in 2009.

Vietnam May Spend $6b on

O&G Exploration

Vietnam Oil & Gas Corp. may spend $6 billion on oil and gas exploration through 2010 as demand for energy grows in the expanding economy. Vietnam's oil pro- duction, the third-highest in South-East

Asia after Indonesia and Malaysia, slid by 8 percent in the first three quarters of the year to about 354,000 barrels a day, based on PetroVietnam figures.

The nation's gross domestic product increased by 8.4 percent in 2005, the fastest pace in a decade. Growth in the first three months of 2006 was 7.8 percent.

Output from the country's largest field,

Bach Ho, operated by a Vietnamese-

Russian joint-venture known as

Vietsovpetro, fell 7 percent from last year g36g72g85g82g86g83g68g70g72g3g68g81g71g3g50g70g72g68g81g3g40g81g74g76g81g72g72g85g76g81g74g3 g55g75g72g3g39g72g83g68g85g87g80g72g81g87g3g82g73g3g36g72g85g82g86g83g68g70g72g3g68g81g71g3g50g70g72g68g81g3g40g81g74g76g81g72g72g85g76g81g74g3g85g72g84g88g72g86g87g86g3g68g83g83g79g76g70g68g87g76g82g81g86g3g68g81g71g3g81g82g80g76g81g68g87g76g82g81g86g3g73g82g85g3g87g75g72 g49g82g85g85g76g86g3g40g17g3g68g81g71g3g47g68g88g85g68g3g36g17g3g48g76g87g70g75g72g79g79g3g40g81g71g82g90g72g71g3g51g85g82g73g72g86g86g82g85g86g75g76g83g3g76g81g3g36g72g85g82g86g83g68g70g72g3g40g81g74g76g81g72g72g85g76g81g74g17g3g38g68g81g71g76g71g68g87g72g86g3g68g85g72 g86g82g88g74g75g87g3g90g76g87g75g3g72g91g83g72g85g87g76g86g72g3g68g81g71g3g68g3g71g76g86g87g76g81g74g88g76g86g75g72g71g3g85g72g70g82g85g71g3g82g73g3g68g70g75g76g72g89g72g80g72g81g87g3g76g81g3g87g75g72g3g68g85g72g68g86g3g82g73g3g68g72g85g82g71g92g81g68g80g76g70g86g15g3g74g68g86 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