Yinson Bags $5.3B Deal for its First FPSO Project in Angola
Malaysian company Yinson has secured a firm contract to provide and maintain an FPSO for Azule Energy, a BP-Eni joint venture, in Angola.The contract, awarded by Eni Angola, is for the provision of the FPSO for the Agogo Integrated West Hub Development Project in Angola (“FPSO Agogo”).According to Yinson, the contract is worth about $5.3 billion in total and has a firm period of 15 years from the date of the final FPSO's acceptance. Azule Energy will have the option to extend for another five years. The FPSO Agogo is expected to start operations in the fourth quarter of 2025.
GE Launches VetcoGray SVXT S-Series Subsea Tree
GE Oil & Gas has launched the new VetcoGray S-Series SVXT subsea tree at the Offshore Europe Oil & Gas Conference and Exhibition, being held from 8-11 September 2009 in Aberdeen, Scotland. The new VetcoGray S-Series SVXT subsea tree merges horizontal and vertical tree technology, reducing weight by 20%, decreasing height, and also delivering essential functionality in a pre-engineered, pre-configured 'modular' way. Low-cost installation of the new SVXT is achieved through a design that enables deployment using standard offshore jack-up drilling rigs without the need for major modifications.
GE Oil & Gas Wins 2009 OTC Award
GE Oil & Gas has been awarded a "Spotlight on New Technology Award" by the Offshore Technology Conference for its next generation subsea electronics module, the VetcoGray SemStar5. The Spotlight on New Technology Award recognizes new and innovative technologies significantly impacting offshore exploration and production sectors. It is judged by an expert panel on five criteria: the technology should be new, innovative, proven, used in a broad range of applications, and have a significant impact on the industry. The VetcoGray SemStar5 (previously codenamed SEM5) is a fifth generation Subsea Electronics Module for use in subsea production control systems.
