Tullow Oil Confirms Turret Bearing Cover

Tullow Oil plc announced Friday that hull and machinery insurance cover has been confirmed for the FPSO Kwame Nkrumah by its reinsurers, following the failure of the turret bearing earlier this year.

As operator of the Jubilee field, Tullow will now work closely with the loss adjusters and reinsurers to establish an efficient payments schedule as remedial work continues. Tullow also continues to work with its business interruption reinsurers on confirming cover for loss of production and revenue caused by the turret bearing failure.

Tullow revealed April 8 that the turret bearing on the FPSO Kwame Nkrumah had been damaged and was no longer able to rotate as originally designed, following a technical investigation.

Following the malfunction, FPSO Kwame Nkrumah was placed on ‘heading control’ through the use of tugs which minimize vessel movement around the bearing. New operating procedures, including the use of a dynamically-positioned shuttle tanker and a storage tanker, were implemented to assure safe production and off-take operations.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
ABRAHAM | Sep. 23, 2016
TULLOW IS A GREAT COMPANY AND HAVE GREAT FUTURE IN JUBILLEE. TRUE TRANSPARENT COMPANY


Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  ExxonMobil Starts Fuels Production at ... (Sep 21)
 -  How to Become a Safety Engineer (Sep 18)
 -  How to Become a Geologist (Sep 15)
 -  Oil, Gas Industry Leadership Group to ... (Sep 14)
 -  CB&I Wins China PDH Unit Contract (Sep 11)


Most Popular Articles

From the Career Center
Jobs that may interest you
Petroleum Inspection Manager
Expertise: Field Service Tech|Marine Surveying|Surveying
Location: New Orleans, LA
 
Operator 1 - TCP
Expertise: Perforation
Location: Oklahoma City, OK
 
Fluids Plant Operator
Expertise: Maintenance Technician|Mud Engineer / Drilling Fluids|Refinery / Plant Operator
Location: Monahans, TX
 
search for more jobs

Brent Crude Oil : $56.86/BBL 0.76%
Light Crude Oil : $50.66/BBL 0.21%
Natural Gas : $2.959/MMBtu 0.30%
Updated in last 24 hours