Ramboll Oil & Gas Wins Nexus FPSO Engineering Contract

Ramboll Oil & Gas has won the contract to carry out the detailed engineering and design on the NEXUS FPSO. The scope of work includes layout assessment and detailed design of the processing facilities on the deck.

The unit has a liquid production capacity of 80,000 barrels a day. Max oil production is 60,000 barrels and the gas production is 1.5 million sm3/d.

The design is generic and suited both for potential projects in the North Sea and thereby well suited for operation in any international waters.

The extent of the project, which has been mediated in corporation with NEXUS Floating Production Ltd and Samsung Heavy Industries, is yet unprecedented in the Ramboll Group. The project will be executed and managed from Ramboll Oil & Gas' Norwegian office in Sandefjord. Ramboll Oil & Gas in Denmark will be responsible for part of the scope.

The immediate recruiting requirement for Ramboll is estimated to roughly 30 engineers in our Norwegian offices.

NEXUS Floating Production Ltd is a company established by APL in Arendal, Norway, with a global ownership profile. NEXUS will own and operate the vessel for a yet undefined owner at any oilfield.

The workload at Ramboll will top in 2007 where a staff of 140 engineers and technicians is expected to work on the project in the peak period, and end in March 2008.

"We are proud to win this prestigious project, which will establish Ramboll Oil & Gas as a competitive player in the offshore premier league", says Dan Madsen from Ramboll Oil & Gas' head office in Esbjerg, Denmark. "From the outset of the Danish offshore industry we have been a well-reputed engineering partner for the oil companies operating in the North Sea, but with our recent orders our international profile has definitely been strengthened".

"This is an important contract won by Ramboll Oil & Gas, and a strong signal to the market that we have the performance capability in the group and specifically out of our new engineering branch in Norway" Andreas Hatlo Managing Director of Ramboll Oil & Gas in Norway comments. "We are strategically situated in the main market for FPSO's. More than 10 FPSO owners are located in Norway and Denmark. Ramboll Oil & Gas is already a strong player in this market and will grow further to win new FPSO contracts."