Smit Lamnalco Secures Major O&M Contract in Iraq

Press Release
Thursday, September 13, 2012
Smit Lamnalco SPM operations

Smit Lamnalco secures major O&M Contract in Iraq


Smit Lamnalco has secured the turnkey contract to support Single Point Mooring operations for The Iraq Crude Oil Export Expansion Project (ICOEEP). The scheme, 20 km off the Al Fao Peninsula, looks to triple oil exports from Iraq.


The SPM contract covers operations and maintenance of four SPM systems and runs for up to three years, a term that would generate over US$200 million for Smit Lamnalco. The agreement involves the full scope of maritime support services for the export facilities. It follows hard on the heels of an over-arching support and maintenance agreement reached between Iraq’s South Oil Company and oil and gas service provider Petrofac in August.  Smit Lamnalco will be responsible for the majority of the work scope and will purchase seven new vessels to support the contract.


“This is one of the largest ever SPM operations and maintenance contracts in annualised terms,” said Daan Koornneef, Smit Lamnalco Chief Executive. “It is also one of our most complex SPM projects to date due to its short start-up phase, regional logistics and the operational complexity involved in delivering the full package of integrated maritime services.


“The scale of the contract bears testament to customer confidence in our enhanced capabilities following the merger of Smit’s terminal handling activities with Lamnalco in July 2011. It is a major step towards our goal of becoming the leading supplier of cost effective marine support services in the world.”



Smit Lamnalco owns, operates and crews one of the most modern marine and offshore support fleets in the industry. To meet the ICOEEP requirements, the company will mobilise up to 14 vessels ranging from high powered berthing tugs, maintenance vessels and mooring boats, to an accommodation barge and a patrol vessel. As part of its commitment, Smit Lamnalco has contracted two newbuild tugs from Damen, with delivery due one apiece in October and November 2012.


“We provide expertise which is local and regional, and combine that with strict adherence to international standards and Smit Lamnalco’s global reach,” said Vivek Seth, Smit Lamnalco Managing Director, Middle East and Indian subcontinent.  “Asset deployment will be backed up by extensive Masters, Officers and crew training in operational procedures and safe vessel loading. We will provide diving capabilities as part of the package to support the uninterrupted loading of tankers.  Furthermore, a dedicated team of onshore management will oversee supporting logistics arrangements.”


In total, close to 200 Smit Lamnalco employees will be deployed to service the ICOEEP.

 

Maritime Today


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

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

Contracts

MOL Signs Long-Term Charter with Uruguayan JV for FSRU

Japanese shipping company Mitsui O.S.K. Lines, has, through its wholly-owned subsidiary Lakler S.A., agreed to conclude a charter contract with Gas Sayago, for

Team Britannia, GAC Inks Partnership Deal

As Team Britannia prepares for its bid to break the round-the-world powerboat record later this year, GAC has been named their official shipping and logistics partner.

Libya's PFG to Lift Terminal Blockades

Petroleum Facilities Guard has blocked terminals for months. Ras Lanuf, Es Sider terminals damaged by fighting. Libya's Petroleum Facilities Guard (PFG) will

Vessels

Ithaca’s FPF-1 platform to be moved to Stella field

Ithaca Energy Inc. reports that the "FPF-1" floating production facility has completed the required inclination test as planned and departed the Remontowa shipyard in Gdansk, Poland.

Live Fish Carrier Launched at Gondan

At high tide, the vessel “MARTIN SÆLE”, the first Live Fish Carrier built by Gondan Shipyard in Figueras, was successfully launched today. Representatives of the owner of the vessel,

GTT Cuts Outlook on Ship Construction Delays

French supplier of systems for marine transportation of liquified natural gas (LNG) Gaztransport & Technigaz (GTT) reported strong growth in its first half results

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Simulators 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: 0.1461 sec (7 req/sec)