Valhall Offshore Platform Contract to Aker Kvaerner

Wednesday, February 28, 2007
BP on behalf of the BP Licences has entered into final clarifications with Aker Kværner in a view to award contract for the steel substructure to the Valhall Re-Development Project in the North Sea. Contract award is subject to partner deciding to proceed and governmental approval of the plan for development and operation (PDO). PDO will be submitted to the authorities at the end of first quarter 2007. The contract value is approximately NOK 450 million. The contract will be executed by the fabrication yard Aker Kvaerner Verdal in Mid-Norway, and includes procurement, fabrication, load-out and sea-fastening of the steel jacket substructure and piles for fastening the jacket to the seabed. The fabrication will start at Aker Kvaerner Verdal at the turn of the year, and the project will reach its peak manpower of approximate 300 personnel in June 2008.

The main reason for developing a new field centre at the Valhall is the subsidence of the existing field centre and the need to operate more efficiently. The new centre will consist of an integrated processing and housing platform, which will become operative in 2010. The jacket will be installed one year ahead of this. With the new platform in place, the Valhall field will probably continue to be on stream until 2050. The Valhall Re-Development jacket will be number 34 in the series of jackets delivered from Aker Kvaerner Verdal. The yard has over the last 20 years more or less continuously had project execution of jackets. Aker Kvaerner Verdal is currently building the Blind Faith hull for Chevron in USA. This project will be delivered in the second quarter 2007, and will be connected to the topside in shallow water outside Corpus Christi, Texas during the summer 2007.

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Nordic American Offshore Declares Dividend

Nordic American Offshore Ltd. today announced that its board of directors has declared a dividend of $0.45 per common share for the third quarter 2014. This is the same as for the second quarter 2014.

Bollore Africa Logistics Sees Profit Plunge in H1

First half 2014 profit at shipping company Bollore Africa Logistics plunged to 5.89 billion CFA francs ($11.48 million) from 9.45 billion CFA francs in the same period last year,

Ocean Rig, Petrobras Agree to $1.1b Drill Ships Lease

Cyprus-based Ocean Rig UDW Inc said on Monday that it signed a $1.1 billion three-year contract with Brazil's state-run oil company, Petroleo Brasileiro SA, to

Contracts

Ocean Rig, Petrobras Agree to $1.1b Drill Ships Lease

Cyprus-based Ocean Rig UDW Inc said on Monday that it signed a $1.1 billion three-year contract with Brazil's state-run oil company, Petroleo Brasileiro SA, to

Rolls-Royce to Design, Equip Stern Trawler for Ramoen

The Armon shipyard in Gijón, Spain has entered into a contract to build a new Stern Trawler for the Norwegian fishing company Ramoen. The vessel will be a Rolls-Royce design,

India to Develop Iran's Chabahar Port

India will float a company to develop Iran's Chabahar Port, a government statement said on Saturday, as New Delhi aims to take advantage of a thaw in Tehran's relations with world powers.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1279 sec (8 req/sec)