BP And Harland And Wolff Forming Joint Venture For $145-Million SWOPS Project
BP is to form a joint venture with Belfast shipbuilder Harland and Wolff for the construction of a special single well oil production system (SWOPS) vessel designed to extract oil directly from subsea wells. The agreement is subject to approval from the boards of both companies.
The cost of developing the SWOPS system, including production wells and subsea equipment, is expected to be some $145 million, allowing for inflation. The vessel, the riser, and the process plant will represent the major portion of the total cost, with Harland and Wolff being reimbursed partly from the revenues of the vessel.
Construction of the vessel, with a cargo capacity of some 42,000 tons, length of 820 feet, and beam of 121 feet will begin at the end of this year, with completion expected in mid-87. The joint venture, which was proposed by H&W, will also involve Matthew Hall Engineering acting as consultant and as subcontractor for the process plant and subsea riser.
With a draft of 35 feet, the vessel will have a segregated ballast capacity of about 38,000 tons and a dynamic positioning system capable of keeping her on station in up to Force 9 conditions. Production capacity will be up to 15,000 barrels per day. Once fully loaded, the vessel will depart to discharge at a convenient port.
Other stories from September 15, 1984 issue
Content
- Symon Appointed New Director Of Tankers At Stolt-Nielsen page: 5
- SOFEC Awarded NavSea Contract For Offshore Mooring Terminal page: 5
- Sperry Gets $62.8-Million Navy Contract For Frigate Combat Systems Work page: 6
- New HEET Fuel Additive Saves Time And Money By Preventive Maintenance page: 6
- Two Key Appointments Announced By Halifax Industries page: 7
- S.S. United States To Auction Contents Prior To Total Renovation page: 8
- Imi-Tech Offers Catalog Of Insulating Products For Marine Applications page: 8
- Manson Construction Builds Pacific Northwest's Heftiest Floating Crane page: 12
- NKK To Build Floating Offshore Production Unit For Norwegian Consortium page: 14
- Van Houten To Head New Parsons Brickershoff Marine Facilities Unit page: 14
- USP&I Home Office To New York Area— Other Changes Announced page: 15
- American Marine Gets $390,000 Contract For Two Cutterhead Dredges page: 15
- MARINE SALVAGE page: 16
- General Dynamics Quincy Yard Will Build Four Containerships For USL At Cost of $341 Million page: 18
- Scripps Institution Acquires Another Research Vessel page: 18
- RDI's Satcom I Communications System Approved By INMARSAT page: 18
- Tenn-Tom Waterway Project Nearing Early Completion page: 20
- BP And Harland And Wolff Forming Joint Venture For $145-Million SWOPS Project page: 21
- Naval Ship Maintenance & Modernization/Affordability page: 22
- The "Ultimate" Compact SSB page: 23
- IBM Appoints Marine Management Systems As Authorized Dealer page: 25
- Twin City Shipyard Lays Keel For Gulf Coast Trailing Dredge page: 26
- Pearlson Begins Construction Of World's Largest Ship Transfer System page: 26
- Screw Compressors Improve Air Conditioning Reliability page: 27
- NASSCO Receives Exxon Contract For Two Alaska-Class Tankers page: 28
- Tacoma Boat Division Gets $210,000 Contract To Build Propeller Hub Assembly page: 28
- AMMCO Licensed To Market O&K Dredging Bucket And Cutting Wheels page: 32
- Westinghouse Electric Awarded $2-Million Navy Contract For Frigate Study page: 32
- John Cave Appointed Vice President For Boland & Cornelius page: 33
- Norwegian Caribbean Acquires Royal Viking Line For $240 Million page: 33
- Marinette Marine Corporation Gets $24~Million Navy Contract To Build Six Yard Patrol Craft page: 34
- New Drydock At Halifax Shipyard Operating At Close To Capacity page: 34
- Penn Ship Awarded Navy Contract For Overhaul And Maintenance Of Frigate page: 35
- John Deere Developing Family Of Rotary Engines page: 35
- Specialized Support Vessel 'Anfitrite' Acquired By O.D.S. Italia S.P.A. page: 36
- Moss Point Awarded $3.6-Million To Build 15 Barges For U.S. Navy page: 36
- CORE Canadian Offshore Resources Exposition page: 38
- $79-Million Coast Guard Contract Awarded to Bollinger Shipyard page: 46
- New Busiship™ System Brochure Available From Nav-Com page: 46
- Independent Tests Show Drew Ameroid's Amergize® Cuts Fuel Consumption page: 47
- Third USN Rescue/Salvage Ship Launched At Peterson Builders page: 54