Cabgoc News

Seadrill Limited informs it has secured new contracts for the jack-up units 'West Tucana', 'West Telesto', 'West Ariel', and 'West Prospero'. Additionally, the contract for the 'West Mischief' has been extended by four months. The total revenue potential for the four new contracts and one extension is approximately US$319- million. West Tucana, a Friede & Goldman JU-2000E jack-up rig, has secured a contract offshore Angola with Cabinda Gulf Oil Company Limited (CABGOC) - Chevron's wholly owned operating unit in Angola. The contract is for a firm period of 24 months.

Crowley Maritime Corporation's energy and marine services has safely completed the tug-and-barge transportation and discharge and delivery of oversized cargo across a remote beach in Cabinda Province Angola, West Africa to the Cabinda Gas Plant. In partnership with Chicago Bridge and Iron (CB&I) and Cabinda Gulf Oil Company (CABGOC), a wholly owned Chevron subsidiary, Crowley was contracted for the loading, marine transportation, discharging and delivery of oversize modules and support accessories to the Cabinda Gas Plant, which is about three miles from the beach landing point. The fleet required for the sealift included large (400 x100-ft.) barges, powerful ocean going tugs, small lighter tugs to assist in the beaching operation and a myriad of support equipment.

Stolt Offshore S.A. announced the award of the $660 million Sanha Condensate contract from CABGOC, a wholly owned subsidiary of Chevron Texaco, to a consortium of Stolt Offshore and Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME), of which the Stolt Offshore share is $240 million, $15 million of which is expected to be in 2002. The contract is for an EPIC project for the engineering, fabrication and installation of five offshore platforms with two linking bridges, the modification of three existing platforms and the installation of 100 kms of subsea pipelines ranging in diameter from four to thirty inches, in an average water depth of 100 meters. A substantial part of the platform fabrication work will be undertaken in the Stolt Offshore managed Sonamet yard at Lobito in Angola.

ChevronTexaco Corp. announced that its wholly owned subsidiary Cabinda Gulf Oil Co. Ltd. (CABGOC) has awarded three major contracts for the first phase of the development of the Benguela, Belize, Lobito and Tomboco (BBLT) fields in Angola's deepwater Block 14. BBLT will be the second major development in the highly prolific Block 14, which has yielded nine discoveries to date. The Kuito Field development, which began production in late 1999 -- 30 months after discovery -- is Angola's first deepwater producer. The BBLT Development is located 50 miles (80 kilometers) offshore in more than 1,250 feet (381 meters) of water. Plans are to combine the Benguela-Belize integrated Drilling and Production Platform (DPP) hub facility…