Brunei Shell Petroleum Co News

Aker Solutions' operating revenues were NOK 11 158 million in the third quarter of 2012. Year-to-date revenues are 32 percent higher than in the first nine months of 2011. Quarterly earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 1,122 million with a margin of 10.1 percent. "The quarter can be summarized in three headlines: continued stable operational performance, strong order intake and a number of breakthrough contracts," said Øyvind Eriksen, executive chairman of Aker Solutions. The order intake in the quarter was NOK 16.9 billion. Order backlog at the end of the quarter stood at NOK 59.7 billion, an increase of 44 percent from the beginning of the year.

Aker Solutions helps extend the life of the fields offshore Brunei. Aker Solutions has been selected as the management contractor for Brunei Shell Petroleum Co Sdn Bhd's (BSP) offshore construction and maintenance services. The contract runs for five years and has an estimated value of over NOK 2.3 billion. As the management contractor Aker Solutions will be responsible for managing the construction and maintenance work for BSP's offshore assets, and transferring competence to enable local businesses to gradually assume responsibility for the work. "This is another very important contract for Aker Solutions in South East Asia and a strategic development for our maintenance…

Aker Solutions named as management contractor for Brunei Shell Petroleum Co Sdn Bhd's (BSP) offshore construction and maintenance services. The contract in Brunei, East Asia, is worth over NOK 2.3 billion, and is for a duration of five years with an option of two additional years. The work for BSP will commence immediately and the first offshore campaign managed by Aker Solutions in Brunei is scheduled for 2013. As the management contractor Aker Solutions will be responsible for managing the construction and maintenance work for BSP's offshore assets, and transferring competence to enable local businesses to gradually assume responsibility for the work. Local business development will be a priority.

Keppel Singmarine Pte Ltd has delivered one of the world’s largest tractor tug to Maju Maritime Pte Ltd on time and within budget. Measuring 34 metres long with bollard pull in excess of 64 tons, Pisces 53 is on a long term charter through Briny Marine Services Sdn Bhd to support Brunei Shell Petroleum Co Sdn Bhd’s exploration and production activities. Following her naming, Pisces 53 will join her sister vessel Phoenix 52 and an utility tug Pegasus 51, two other Maju Maritime tugs that were delivered in early June 2003, at the Brunei Liquefied Natural Gas Terminal in Lumut, Brunei.

Keppel Singmarine Pte Ltd. delivered one of the world's largest tractor tugs to Maju Maritime Pte Ltd. Measuring 111.5 ft. long with bollard pull in excess of 64 tons, Pisces 53 is on a long-term charter through Briny Marine Services Sdn Bhd to support Brunei Shell Petroleum Co Sdn Bhd's exploration and production activities. Pisces 53 will joined her sister vessel Phoenix 52 and an utility tug Pegasus 51, two other Maju Maritime tugs that were delivered in early June 2003, at the Brunei Liquefied Natural Gas Terminal in Lumut, Brunei. These vessels were contracted to Keppel Singmarine in May 2002. Pisces 53 is classified under LRS Maltese Cross as 100 A1 TUG + LMS (Unrestricted Service). Maju Maritime is managed by Smit Singapore.

Technip-Coflexip has recently been awarded a contract by Brunei Shell Petroleum Co. (BSP) for its Egret Phase 1 Gas Development Project, offshore Brunei. This contract is the first one with BSP. Under the terms of a lump sum contract, worth about $22 million, Technip-Coflexip will be responsible for project management, engineering, procurement and fabrication. Main facilities will include: a 12-slot drilling platform (EGDP-01), made up of an 860-ton topside and a 770-ton jacket in 60 meters of water depth and a 15-kilometer subsea cable. The contract will be executed at Kuala Lumpur by Technip Far East in conjunction with Technip Engineering Brunei, a local affiliate of the Technip-Coflexip Group. Completion is scheduled for Q4 2003.