Page 17: of Maritime Reporter Magazine (December 2001)

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BP Signs $380M Crazy Horse Hull Fabrication Contract

BP has signed a Letter of Intent with Daewoo Shipbuilding & Marine Engi- neering Company, Ltd. of South Korea for detailed design, fabrication and transport of a semi-submersible unit for the Crazy Horse project in the Gulf of Mexico.

The $380 million contract calls for delivery in the first quarter of 2004, in time for module integration and production startup in early 2005. The scope of work includes the lower hull, deck box, some process and utilities equip- ment, a 188 person quarters, and a complete dual-hoist two million-lb. capac- ity fifth generation drilling system.

Measuring 350 x 350 ft. (106.6 x 106.6 m) the lower hull; and the upper hull, which will measure approximately 350 x 450 ft. (106.6 x 137.1 m) will be constructed at Daewoo's fabrication yard in Okpo, Korea.

The platform will be the largest semisubmersible production/drilling unit in the world, with GVA Consultants of Sweden currently in the process of completing the Front End Engineering Design (FEED) work. The design has been designated as the GVA 40,000 based on approximate deck load tonnage capability. Steel is to be ordered in March 2002, and physical work on the hull is expected to commence by July 2002.

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Kvaerner Secures $36.5 Million Contracts In Canada

And Venezuela

Kvaerner has been awarded two contracts worth more than $36.5 million - the larger of the two from Westcoast Energy of Vancouver, Canada, is valued $34 million, calls for the engineering, design, fabrication, construction and commissioning of a gas processing facility.

In addition, Kvaerner Process Systems has been awarded a C02 Membrane

Gas Removal unit to be installed in Venezuela by the State Petroleum orga- nization, PDVSA, for its Bitor field.

The facility, which is located in the northeastern part of the Province of

British Columbia, Canada, is scheduled for completion and commissioning in June 2002.

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.