Bluewater Energy Wins SPM Buoy Contract from Kochi Refineries

Bluewater Energy Services B.V. has been awarded a contract by Kochi Refineries Limited (KRL) for the delivery of an SPM Buoy system. The system will be installed in a water depth of approximately 30 meters about 20 km offshore Cochin, in the southwest part of India in the Arabian Sea. It will be used to offload tankers up to 300,000 dwt. KRL has appointed Intec in Kuala Lumpur as their Project Management Consultant.

Bluewater's scope of supply for the system includes the design, procurement and fabrication of a round, Turret catenary anchor leg mooring (CALM) buoy including pipeline end manifold (PLEM) with two 48 inch ball valves. The system will be outfitted with advanced instrumentation and control systems for remote monitoring and control of temperature, pressure and product flow.

This project has been high profile in India because it is expected to significantly reduce transportation costs of crude oil by facilitating the offloading of VLCC size vessels where previously they were limited to the use of smaller capacity tankers (up to 70,000 dwt) due to draft limitations at the Cochin Channel. The delivery of the system is expected to take place in January 2007.

Bluewater Energy Services B.V., a member of the Bluewater group of companies, has built a technological lead specialising in lease and operation of tanker-based Production and Storage (FPSO/FSO) systems, and has become a leading provider of innovative Single Point Mooring (SPM) systems. Bluewater operates worldwide with offices in The Netherlands, United Kingdom, United States, Nigeria, Angola, South Africa, Singapore and China.