STP Technology Confirmed for the Vincent FPSO

Advanced Production and Loading AS has been awarded a contract from Maersk Contractors for a submerged production system (STP) for the Vincent FPSO. The end client is the Australian oil company, Woodside.

The contract is for a large disconnectable STP Turret Mooring System, including design, fabrication and commissioning.

The STP technology represents a simple, compact and flexible turret mooring system for floating production and offtake (FPSO) vessels making it suitable for a wide range of applications. This contract would represent APL's 9th order for the STP System. Among the recent STP contracts are the Alvheim field offshore Norway, the KMZ field in Mexico and the two Chinese fields Wenchang and Xijang.

The FPSO will produce about 120,000 barrels of oil and 100 million cubic feet of gas per day, and will be capable of storing 1.9 million barrels of oil equivalent. The conversion of Ellen Maersk will be done at a Keppel shipyard in Singapore from early 2007.

APL's final delivery is expected to take place in Q3 2007.