Inspection of Basker Manta's SPM Completed

Following the incident last Thursday when the BMG shuttle tanker, the Basker Spirit, drifted from its SPM in Bass Strait, the BMG JV says that inspection of the SPM component on the surface and subsurface using a Remotely Operated Vehicle (ROV) has confirmed the site of the mooring failure. A pin in one of the chain shackles has become dislodged, allowing the upper mooring elements to detach from the three point mooring at the nodal point. The mooring system itself is in good condition, with no reason to question its integrity. The hose that transfers oil from the Crystal Ocean FPSO to the Basker Spirit has been damaged as it took the load of the Basker Spirit when the shackle decoupled from the nodal point. The BMG JV has spare hoses in stock.

To restore the full mooring system and allow full production to recommence will require a specialized construction vessel to be mobilized. The need for lifting capacity and saturation diving capability requires such a vessel. The BMG JV is sourcing such a vessel now and expects to have one (of three possible vessels) in the field in the latter part of August, subject to negotiations with the vessel owners.

In the meantime, the BMG JV plans to continue production, with the Basker Spirit moored in Westernport Bay or other acceptable ports, with the Crystal Ocean transferring crude oil to the Basker Spirit in a shuttle operation. It is expected that production of about 3,000 bopd can be maintained with this operation. Production will increase to the field capacity when the SPM integrity is re-established and the Basker Spirit resumes its mooring location in the field.

The participants in the Basker Manta Joint Venture are Anzon Australia Limited as operator with 50% and Beach Petroleum Limited with the remaining 50%.