APL Receives LOI for New Zealand STP System
APL has received a Letter of Intent from Tanker Pacific Offshore Terminals Pte Ltd for the supply of a Submerged Turret Production (STP) system for Maari.
The STP system will be installed early 2008 and shall permanently moor the Andaman Sea, a tanker that Tanker Pacific shall convert to a FPSO. Maari, the largest oilfield offshore New Zealand, is operated by OMV New Zealand Ltd (69%) with its partners Todd Petroleum Mining Company Ltd (16%), Horizon Oil International Ltd (10%, a wholly owned subsidiary of Horizon Oil Limited HZN:AU) and Cue Taranaki Pty Ltd (5%).
- First Subsea to Moor Deepest STP Buoy at GOM's Chinook Cascade Field (Jan 29)
- Xijiang STP Buoy Successfully Connected (Mar 28)
- APL to Install STP Buoy on the MA-D6 Field Offshore India (Aug 07)