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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Kongsberg Tech for Peruvian Arctic Research Vessel

Kongsberg Maritime has been chosen to deliver an integrated subsea technology systems package including two HUGIN Autonomous Underwater Vehicles (AUV) for a new

Primeline Turns Against CNOOC

Primeline Energy Holdings Inc. announces that it has sent a letter to China National Offshore Oil Corporation (CNOOC) and CNOOC China Limited (CCL) (together CNOOC

Olympic Pact with Canyon Offshore

Norwegian offshore shipping company Olympic Shipping has entered into a frame agreement with Canyon Offshore for the joint marketing and subsequent operation of

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | 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: 0.0677 sec (15 req/sec)