Bluewater Energy Wins SPM Contract from Abu Dhabi Oil Co.

Bluewater Energy Services B.V. has been awarded a contract by the Abu Dhabi Oil Co. Ltd. Japan (ADOC) for the design and supply of a complete SPM system for the Mubarraz Oil Field offshore UAE. The system will be used for the export of crude oil and condensate.

Bluewater's scope of supply consists of the design, procurement and fabrication of a Turret type, catenerary anchor leg mooring (CALM) buoy including pipeline end manifold (PLEM), telemetry system, geo-physical/technical survey and a piled mooring system.

The buoy will be located offshore Abu Dhabi, in a water depth of approximately 19 meters servicing tankers up to 330,000 dwt. Delivery of the complete system is expected to take place in 2006.

"This contract award by ADOC for a Turret type CALM buoy represents the third successive contract for Bluewater in the UAE for this type of buoy. The previous two were for VOPAK for the Fujairah Terminal and for ADMA-OPCO for the DAS Island Marine Terminal," stated Hugo Heerema, President of Bluewater Energy Services B.V. "Bluewater's Turret type CALM buoys are increasingly finding favor with clients worldwide in preference over the more traditional Turntable buoys due to design considerations that result in higher uptime, lower maintenance costs and lower operational costs over the life of the buoy."