Page 21: of Maritime Reporter Magazine (February 2002)

MTN Will Provide For Heerema

Marine Contractors

Maritime Telecommunications Net- work, Inc. (MTN), announced that it has entered into an agreement with Heerema

Marine Contractors (HMC), making

MTN the exclusive provider of global telecommunications services aboard

Heerema's DCV Balder. MTN will sup- ply Heerema Marine Contractors with 128 kbps of high-speed bandwidth to enable communications for the DCV

Balder, which operates in the Gulf of

Mexico. MTN's services will allow

Heerema's personnel to interact via advanced satellite network capabilities.

High-speed data, fax, telephone and

Internet solutions will be readily acces- sible to Heerema employees with more convenience and improved efficiency.

MTN provides superior communication solutions including C-Band Global

Satellite Service and Ku-Band Interna- tional Spot Beam technology.

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Aker Granted $560 Million

Contract For Statoil Platform

The Aker Stord subsidiary of the Aker

Maritime group has been awarded the main contract for the new platform for

Statoil's Kristin development in the Nor- wegian Sea. Worth approximately $560 million, this assignment covers design and hook-up of the whole installation as well as construction of part of the top- sides.

Aker Maritime could apply its exper- tise with floating platforms to bidding for the Kristin unit. It also built further on good and well-tested project execu- tion methods developed by the group, which were applied not least to the suc- cessful delivery of Snorre B floater in the Norwegian North Sea last year.

Implementation of the Kristin project will be made even more efficient by exploiting the opportunity to concen- trate all construction and hook-up work at one site.

The contract covers design and pro- curement for the semi-submersible plat- form hull as well as the topsides, includ- ing the utilities, process and riser mod- ules and the flare boom. Aker Stord will also fabricate the utilities and process modules as well as hooking up the whole topsides, including the remaining modules. The west Norwegian yard is also responsible for mating topsides and hull. Statoil is due to go out to tender later this year for construction of the hull as well as the living quarters, riser module and flare boom. Engineering will begin in mid-January, with con- struction work set to start in January 2003. The platform will commence reg- ular production on October 1, 2005.

Keppel Wins $400M

Power Contract

Keppel FELS Energy has won a "take- or-pay" contract to supply electricity in northeastern Brazil.

The Power Purchase Agreement (PPA) was signed between Nordeste Genera- tion Ltd., Keppel FELS Energy's whol- ly-owned subsidiary in Brazil, and

Commercializadora Brasileira de Ener- gia Emergencial (CBEE) on January 10, 2002. The PPA is on a take-or-pay basis and payments are indexed to the U.S.

Dollar, with fuel cost as a pass-through.

Based on estimated contract capacities, the total revenue for the contract period is expected to exceed $400 million. The

Brazilian government will guarantee all obligations of CBEE under the PPA.

Under the PPA, Nordeste Generation

Ltda will install and operate a 190MW

Barge Mounted Power Plant at the Port of Aratu, Salvador in northeastern

Brazil. Commercial operations will commence by June 2002 and end by

December 2004.

DOLPHIN RUBBS& FcMDcftS

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February, 2002 21