Daewoo Gets Offshore Platform Order from Chevron
MarketWatch has reported that Daewoo Shipbuilding & Marine Engineering Co. has received an order from a unit of Chevron Corp. (CVX) to build a drilling and production platform. The contract is the world's largest offshore plant order in terms of value and the facility's size, said Daewoo Shipbuilding in a statement. The plant will be delivered to Cabinda Gulf Oil Co. by the end of May 2009 and will be located at Angola's offshore oil field, Tombua-Landana, to produce 130,000 barrels of crude oil a day. The contract was awarded on a turnkey basis, meaning Daewoo will not only build, but also operate the platform. With the new order, Daewoo Shipbuilding's offshore facility orders secured this year have reached $3.72b, exceeding its 2006 target of $3b, it said.
CABGOC Awarded Contracts
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…
