IZAR Lands FPSO Order

IZAR has been awarded a contract to build a 900,000 bbl Floating, Production, Storage and Offloading (FPSO) unit for Belgium's Exmar Offshore. The unit is scheduled to be delivered at the end of January 2003 and is intended to be operated by Exmar at the Aquitaine field, in the Mediterranean sea, off Libya. The design is characterized by moderate dimensions such as 691 x 144 x 75 ft. (210.6 x 43.8 x 22.8 m) and 54 ft. (16.5 m) design draft if, compared to its huge 900,000 bbl storage capacity.

This newbuilding will actually be the largest ever delivered by the Spanish builder in terms of capacity despite having constructed several large FPSO units in the past, notably Kerr-Mcgee's (EGryphon A' and Texaco UK's (Ecaptain', both in the 550,000 bbl capacity, and even the (Ealba' Floating Storage Unit (FSU) for Chevron U.K., with an oil storage capacity of 850,000 bbl.

The Aquitaine field unit will be built at Astillero Fene (the former Astano yard of the Astilleros Espanoles group) that, since mid-eighties, has developed a consistent experience working for the offshore oil industry.

In the past 15 years, the company has delivered 10 FPSO's and three ultradeep water dynamically positioned dual drilling units for Transocean Offshore (Discoverer Enterprise, Discoverer Spirit and Discoverer Deep Seas), four FSU/FSO (Alba for Chevron, Petrobras 47 for Petrobras, Sitala for Shell International and Polysaga for Rasmussen), two semisubmersible units (Petrobras 26 for Tenenge/Ultratec and Drillmar for Repsol) and one heavy cargo barge (Castoro XI for Saipem U.K.).

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Maritime Reporter Magazine, page 35, Aug 2001

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