Stolt Offshore Announces $110 Million Contract Award

Stolt Offshore S.A. has secured a contract from Shell Petroleum Development Company (SPDC) in Nigeria for the ForcadosYokri offshore development in the Niger Delta. The $245 million contract has been awarded to a consortium of Stolt Offshore and the Nigerian company Suffolk which is part of the Adamac group. The Stolt Offshore share of the contract is $110 million.

The Forcados Yokri project includes the expansion and refurbishment of existing shallow water oil and gas production and process facilities and the fabrication and the installation of a new production platform with a 250 ton jacket and 1,300 ton topsides. Stolt Offshore is responsible for all of the engineering, procurement and fabrication work while our partner will be doing most of the installation of some 220 km of flowlines and umbilicals in a maximum water depth of 15 m.

A new pipeline from the Forcados Yokri development will take gas, that is currently being flared, into the Offshore Gas Gathering System that we are installing next year under a separate contract, also in partnership with Adamac. Paragon Litwin. Stolt Offshore's engineering company in Paris, will carry out 150,000 hours of engineering work for the project, the largest item being the detailed design of the production platform and topsides.

The production platform and a number of jacket-mounted clusters, bridges and decks will be fabricated at the Stolt Offshore Globestar yard at Warri requiring some 600,000 man hours of work.

Circle 73 on Reader Service Card www.maritimereporterinfo.com

Maritime Reporter Magazine, page 10, Jan 2002

Read Stolt Offshore Announces $110 Million Contract Award in Pdf, Flash or Html5 edition of January 2002 Maritime Reporter

Other stories from January 2002 issue

Content

Maritime Reporter

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