Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

SapuraAcergy JV Snags $825MM Gumusut-Kakap Devt Contract

change text size

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


 - Shell Corrects Fourth Quarter Results, Earnings Unaffected (Jan 30)
 - Conoco, Occidental And Shell Cut 2015 Budgets On Crude Slide (Jan 29)
 - Faroe, Lundin, Cairn Score Norway License Wins (Jan 21)
 Company: ConocoPhillipsmore info


 - Conoco, Occidental And Shell Cut 2015 Budgets On Crude Slide (Jan 29)
 - Chevron Teams Up with BP, ConocoPhillips in GOM Leases (Jan 28)
 - Centrica's Cohen Appointed Head of UK Onshore Oil, Gas College (Jan 19)
 Company: Petronasmore info


 - Malaysia's Petronas Posts $2B Quarterly Loss, Cuts Spending on Oil Slump (Feb 27)
 - Icon Offshore Gets Petronas Carigali's LOA to Provide OSVs on Spot Charters (Feb 26)
 - Petra Energy's Unit Secures Contract from Petronas Carigali in Malaysia (Feb 18)
 Company: Murphy Oil Corporationmore info


 - Sterling Signs Deal to Gain Complete Control of Cameroon Concession (Feb 17)
 - Murphy Closes Sale of 30% of its Malaysian Oil, Gas Assets to Pertamina (Jan 30)
 - Pertamina Says May Double Output from Overseas Assets by End-2014 (Nov 18)
 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)

Most Popular Articles
From the Career Center
Jobs that may interest you
R&D Manager - Subsea Equipment
Expertise: Mechanical Engineering|Research & Development|Subsea Engineering
Location: Houston, TX
 
Subsea Controls - Engineering Manager
Expertise: Instrument & Controls Engineer|Subsea Engineering
Location: Houston, TX
 
Production - Supervisor/Foreman
Expertise: Drilling Superintendent|Production Engineering|Workover or Completion
Location: Houston, TX
 
search for more jobs