Aker Kvaerner Wins FPSO Contract in Egypt

Friday, August 10, 2007
Aker Kvaerner won a contract for operation, management and maintenance of the Al Zaafarana FPSO offshore Egypt by operator Gemsa Petroleum Company and partners. The contract value is $32.5 m for a five year contract period effective from September 1, 2007. Options for contract extensions are included in the contract.

The Al Zaafarana FPSO is located offshore Egypt in the Red Sea and is operated by Gemsa Petroleum Company (Gempetco). Produced oil is stored in the FPSO and is transported onshore by shuttle tankers. The average manning of the FPSO is approximately 25 persons. Under the new contract, personnel will be provided by Aker Kvaerner Operations and its partner Gravitas & Cie SA for the work at the Al Zaafarana FPSO.

"The award of this contract gives Aker Kvaerner Operations a foothold in North Africa and in the growing market segment of FPSO production,'' says Managing Director of Aker Kvaerner Operations, John McKeown.

Further, he says, "Gempetco has, in meetings and negotiations and now in the award of this contract, confirmed their confidence in Aker Kvaerner. We are enthusiastic to undertake this challenging contract and to develop additional opportunities in the region.''

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

Offshore

Fourth Rig Delivered to Perforadora Central

Keppel AmFELS LLC, a wholly owned US subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered the jackup rig, Coatzacoalcos, to Mexico’s Central Panuco S.

Woodside to Pick up Moroccan Acreage

Woodside advises that it has entered into a contract for an exclusive Reconnaissance Licence (RL) with the Office National des Hydrocarbures et des Mines, the

Strategy Can Maximize UKCS potential

Companies operating in the North Sea require a cultural shift to make the most of the its potential, according to a new report from Deloitte, the business advisory firm.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Port Authority Salvage Ship Electronics Sonar
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: 0.2596 sec (4 req/sec)