Nido advised on behalf of the SC54A Joint Venture that contracts for all of the major equipment required for the Tindalo oil field development have now been awarded. Nido, as Operator of the Service Contract 54A, has finalized contracts with:
Nido's Deputy Managing Director, Ms. Joanne Williams, said, "The execution of these two contracts secures the last of the major components of the production and crude storage facilities for Tindalo. I am very pleased to be able to welcome Knutsen and Weatherford to the Tindalo project team -- Knutsen brings over 100 years of international marine operations experience whilst Weatherford brings their global experience in many facets of oil and gas operations. Their support and experience will greatly assist us in developing our Tindalo project."
She went on to say, "We have been working closely with Knutsen and Weatherford over the last couple of months to maintain project schedule and it pleases me to say that the awarding of these contracts keeps us on track to deliver the project in line with our expectations at Final Investment Decision. The critical path item on the schedule to first oil is the date when the Aquamarine Driller comes on contract. This depends upon the release of the rig from its previous contract and is expected in April 2010."
Floating Storage and Offtake (FSO) Vessel
The FSO, the M/T Tove Knutsen, is initially secured for a period of six months which may be extended at the Joint Venture's option for up to three years. It is a double hulled oil tanker that has the capacity to store over 600,000 barrels of oil and has spent the last few years operating as a shuttle tanker in the North Sea. During production, the vessel will be positioned nearby the Tindalo production facility and held on station using its dynamic positioning systems. Oil produced from the Tindalo well will be flowed to the vessel from the production processing system on board the rig via a floating hose arrangement and held in storage tanks until each cargo is lifted.
The Tove Knutsen has a dynamic positioning (DP2) system, which ensures 100% redundancy in vessel manoeuvring capability and will enable the vessel to respond in a quick and efficient manner to a wide range of weather conditions whilst maintaining production.
The vessel will disconnect for cargo offtake operations and can easily disconnect and reconnect in the event of severe weather conditions if required. The vessel is now enroute to Singapore from the North Sea for some minor fit-out work in preparation for mobilisation to the field in April 2010.
Production Processing Equipment
The Weatherford production processing equipment for Tindalo is a modular system currently being assembled in Batam, Indonesia. This equipment will be used during the initial well testing programme and remain in place for the subsequent normal production operations.
The production system will be installed on the deck of the jackup drilling rig Aquamarine Driller and has been designed to process a maximum of 20,000 barrels of crude oil per day. This equipment will also remove produced gas and water (if any) from the oil prior to its transfer to the FSO.
Along with the Tindalo oil production, only very minor amounts of gas are expected to be produced which will be separated from the oil in the processing equipment and flared. Whilst at the start of field life, the field is not expected to produce significant water volumes, in preparation for later in field life, the processing system will be capable of treating up to 16,000 barrels of water (from a total 20,000 barrels of fluid) to stringent water quality requirements.
Nido will provide further updates on the progress of the project upon the achievement of major milestones towards first oil and the next such event will likely be regarding the rig on-hire date.
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