Talisman Finds Cracks in Norway Yme Platform, Evacuates Workers

Talisman Energy Inc. has evacuated construction personnel from its Yme oil platform in the Norwegian North Sea after structural issues were discovered, a spokeswoman said.

The Calgary-based international oil and gas producer removed 140 workers from the Yme platform late Tuesday after finding weaknesses in the platform's supporting structure.

"There are cracks in the cement grouting of the supporting structure," Talisman spokeswoman Phoebe Buckland said. The cracks can be fixed, but Talisman felt it was prudent to remove personnel until the issue has been investigated further, she said.

The Yme oil platform offshore of the coast of Norway has been problematic for Talisman. In May, the company took a $250 million writedown on the project and delayed production for an unspecified amount of time. It also said the standards to which the platform had been built had fallen behind Norwegian standards.

Talisman, which has incurred about $1.35 billion in project construction costs, valued Yme at nearly $900 million before the writedown in May. Oil production was scheduled to start next year.

The Yme project is being constructed by Netherlands-based SBM Offshore N.V. SBM shares fell 6.6% in European trading after news of the evacuation broke. Talisman shares were down 0.9% to C$11.07 recently on the Toronto Stock Exchange.

Copyright (c) 2012 Dow Jones & Company, Inc.


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Dominic hans | Oct. 10, 2012
proper quality control work not carried out during the fabrication.this is the outcome

daniel dominick | Jul. 12, 2012
This does not suprise me in the least. I worked on the commissioning of a FPSO that was built in the Netherlands. Once the vessel sailed to station, it took over a year to resolve enough of the issues to allow the vessel to be hooked up and brought on stream. I do not believe all the outstanding remedial works are complete even now. The operating company had to take the hit. This is what happens when those who are responsible are not held to account when they sign of plant that has not been checked. If the commissioning team were to say they could not sign something off because they suspected faults they would simply sack them and get someone who would sign off. When do we hold the commissioning engineer and the site management putting the pressure on them to account. Do we wait until lives are lost. We already know the answer, for still no one is held to account even after all the incidents in our industry that does not just cost 100s of millions, it has also cost lives.

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