SapuraAcergy JV Snags $825MM Gumusut-Kakap Devt Contract


Gumusut Field
(Click to Enlarge)

Acergy has confirmed the award of a contract valued at approximately $825 million to SapuraAcergy Sdn Bhd for the development of the deepwater offshore Gumusut-Kakap field. The primary contract has been awarded by Sabah Shell Petroleum Company Limited (SSPC) to TL Offshore Sdn Bhd, a wholly owned subsidiary of our partner, SapuraCrest Sdn Bhd.

SSPC is the Operator of the Gumusut-Kakap field as contractor to Petronas. SSPC's co-venturers in the development of the Gumusut-Kakap field are Petronas Carigali Sdn. Bhd., ConocoPhillips Sabah Ltd. and Murphy Sabah Oil Co. Ltd.

SapuraAcergy's scope under the contract involves engineering, procurement, transportation and installation, offshore Malaysia in water depths of 1,200 meters, covering:

  • An oil export pipeline and catenary riser, including the shore approach.
  • Flowlines, jumpers, Steel Catenary Risers (SCRs), Pipeline End Terminations (PLET) and flowline inline structures (SLEDs).
  • Mooring wires, chains and piles for a semisubmersible Floating Production System (FPS) including towing to the offshore location and installation thereof.

Engineering will commence with immediate effect, with offshore installation scheduled to commence in 2010 using the Sapura 3000, SapuraAcergy's state of the art dynamic positioning heavy lift and deepwater pipelay vessel.

This project will be accounted for in the share of results of associates and joint ventures line in the Acergy accounts. For this reason, the value of this award will not appear in Acergy's reported backlog and revenue.

Jean Cahuzac, Chief Executive Officer, Acergy said, "The Gumusut-Kakap Project represents an important development for the deepwater market in Malaysia and for our Joint Venture. Building upon the recent operational successes of the Sapura 3000, we are confident that this high specification asset, will perform strongly and enable our Joint Venture to deliver for us and our client."

Gumusut-Kakap

Located offshore Sabah, Malaysia, the Gumusut-Kakap field is in waters up to 1,200 meters deep in blocks J and K. In January 2008, Shell announced that the final investment decision was made on the Gumusut-Kakap field.

The Gumusut-Kakap field development will employ the region's first deepwater Floating Production System (FPS), with a processing capacity of 150,000 barrels of oil per day. Gumusut-Kakap will be developed using 19 subsea wells with oil exported via a pipeline to a new oil and gas terminal, which will be built in Kimanis, Sabah.

The Gumusut and Kakap fields were combined into a single development under a Unitisation and Unit Operating Agreement signed by the co-venturers in 2006. Shell and ConocoPhillips Sabah Ltd each hold 33% interests in the development, PETRONAS Carigali has 20%, and Murphy holds 14%. Shell serves as the operator of the development.
 

 

Related Companies
 Company: Shellmore info


 - Industry Optimistic about Iraq's Petroleum Future (May 24)
 - Nigerian Oil Workers Union: 'Any Reasonable Company' Should Evacuate Staff (May 10)
 - ITF JIP Enters Trial Phase with Support from Total, BP, Shell, Chevron (Apr 20)
 Company: ConocoPhillipsmore info


 - Oil Investor Zukerman Dodged $45M in Taxes, US Says (May 25)
 - Canada's Oil Sands Producers Prepare to Re-Enter Evacuated Sites (May 23)
 - Norway Opens Arctic Oil Exploration in Russian Border Area (May 18)
 Company: PETRONASmore info


 - Santos Commences First Production from GLNG Train 2 on Curtis Island (May 26)
 - PETRONAS Denies Plans to Sell Upstream Assets to Russian Party (May 25)
 - Malaysia's DNeX Oilfield Receives LOA from PETRONAS Carigali (May 20)
 Company: Murphy Oil Corporationmore info


 - Murphy Studies Options for 2 Wells Off Sarawak, Farms-in to Vietnam Block (Oct 29)
 - Aker Bags Subsea Contract from Murphy for Rotan Gas Project Off Malaysia (Oct 1)
 - America's Oil Output Refuses to Collapse. Here's One Reason Why. (Oct 1)
 Company: SapuraCrestmore info
 - Cargotec Clinches Order for 20 Winches (Apr 10)
 - Seadrill Studying Brazilian Expansion Plans (Dec 14)
 - Clough to Sell Offshore Marine Business (Aug 8)
 Company: Acergy S.A.more info
 - Acergy Awards Serimax Welding Contract Offshore Nigeria (Mar 7)
 - Acergy Awarded Contract Offshore Brazil (Dec 1)
 - Acergy Awarded Contract for Medway Development Project (Nov 4)
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Lead Automation Technician - Permian Basin - TX - NM
Expertise: Field Comm / SCADA|Field Service Tech|Process Control
Location: Texas, United States
 
Drilling Engineer Advisor
Expertise: Drilling Consultant|Drilling Engineering
Location: Houston, TX
 
Cogen Production Engineer-00015274
Expertise: Production Engineering|Production Operator
Location: Gregory, TX
 
search for more jobs

Brent Crude Oil : $49.59/BBL 0.30%
Light Crude Oil : $49.48/BBL 0.16%
Natural Gas : $1.96/MMBtu 1.50%
Updated in last 24 hours