Norsea Wins Total E&P Norge Offshore Base Contract

Press Release
Thursday, December 13, 2012

 NorSea AS signs new contract for the supply of base services related to the development of the Martin Linge oilfield and Total’s oil exploration.

Under the contract, valued at approximately NOK 400-million over a contractual period of 8 years + 8 annual options, NorSea will be supplying base services related to project development and operation of the Martin Linge oilfield, and general oil exploration operated by Total.

The Martin Linge contract includes supply base services such as loading and unloading, material handling, storage facilities, outdoor storage area, personnel and forklift trucks, plus installation and operation of RFID (radio-frequency identification) technology involved in tracking critical drilling and operating equipment.

The contract also contains additional options on e.g. supply of marine gas oil (MGO) and liquefied natural gas (LNG), plus the use of other bases within the NorSea system. Through ownership interests, NorSea operates nine supply bases along the Norwegian coast.

Martin Linge is a new oilfield development in the North Sea. The field contains gas/condensate and oil, and was originally discovered over 30 years ago. The licensees are Total E&P Norge (operator) with 51%, Petoro 30% and Statoil 19%.

Facts about the field
    •    Located in the North Sea, 42 km west of the Oseberg field and 180 km west of Bergen
    •    Water depth 115 metres
    •    Estimated reserves are 190 million barrels of oil equivalents
    •    Production start-up is planned in the fourth quarter of 2016

"Being awarded the contract means a great deal to us, and we look forward to a good collaborative relationship," says Rune Veenstra, CEO of NorSea. "As a result of being awarded the contract, we will be starting the construction of a new, tailor-made terminal building next year, in order to accommodate Total's requirements."

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

GEA UV Ballast Water Treatment

Earlier this year GEA won the first contract for equipping cruise liners with its UV ballast water treatment system, BallastMaster marineX, powered by Trojan Marinex.

Horizon Delivers Second 80’ Towboat to FMT

Horizon Shipbuilding, Inc. announced the delivery of another 80’ Inland River Towboat, the M/V Chip Stiebing, to Florida Marine Transporters (FMT) of Mandeville, La.

SFL Acquires Eight Bulk Carriers from Golden Ocean

Ship Finance International Limited (SFL) has entered an agreement to acquire eight Capesize dry-bulk carriers from subsidiaries of Golden Ocean Group Limited, the company announced today.

Offshore

BV Upgrades RAM Software

To help offshore operators and contractors get more out of their assets and develop projects more cost-effectively, Bureau Veritas has supercharged its reliability,

Intelligent Fender System Completes Offshore Trial

Strainstall, part of James Fisher and Sons plc, announced the completion of the world’s first Intelligent Fender System (IFS) trial with energy companies SSE and RWE at Suffolk-based wind farm,

Maritime Tension Dominates Southeast Asia Summit

Southeast Asian leaders edged closer to open criticism of China's land reclamation in the disputed South China Sea at a regional summit on Monday, as the Philippines

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Winch
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: 0.2740 sec (4 req/sec)