Valued at approximately US$26 million, the contract includes four 13 5/8" horizontal trees on mudline (HTOM) systems, wellheads and control systems for subsea control modules, topside controls, and subsea distribution and instrumentation. The HTOM systems, which provide a cost-effective solution, will be the first ever to be installed in the Asia Pacific/Middle East area.
Calling for fast track delivery within 42 weeks, the contract involves VetcoGray facilities in Aberdeen, Scotland; Nailsea, England; Singapore; and Perth, Australia where VetcoGray service and installation teams are located. The ability to meet such a tight delivery schedule, coupled with a solid track history of system reliability, was considered a deciding factor in choosing a VetcoGray solution.
"We are proud to have been awarded our first contract by Coogee and it is an important step for our expansion strategy in the Far East market for subsea production systems. Coogee liked our system design and we hope this is the beginning of a long and prosperous relationship," said David Lamont, VetcoGray's president of Subsea Systems.
The Montara Field, located approximately 650 kilometers west of Darwin, Australia is part of Coogee Resources' 100% owned asset, the Montara Project, which also comprises the Skua and Swift/Swallow oil fields and has 2P reserves of 36.9 million barrels of oil. First production for Montara is expected in 2008.
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