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

Contracts

Canada Commissions Study on Underwater Noise

Green Marine has signed a nine-month contract with Transport Canada to provide insight on underwater noise generated by shipping and its effects on marine life, along with potential solutions.

Asia-Europe Box Rates Down 23 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe dropped 22.8 percent to $400 per 20-foot container (TEU) in the week ended last Friday,

RI Offshore Project Boosts US Wind Entry

Rhode Island's Deepwater Wind will start installing the foundations for North America's first offshore wind farm on Monday, a milestone the company says could pave

Offshore

NOIA Applauds RI Offshore Wind Project

National Ocean Industries Association (NOIA) president Randall Luthi issued a statement congratulating “steel in the water” for Deep Water Wind’s Block Island Wind Farm,

CAPE Holland Deploys New Vibro Lifting Tool

Earlier this week, during its first commercial application, the newly developed Vibro Lifting Tool (VLT) of CAPE Holland has successfully installed four piles in up to 90 meters water depth.

FERC Approves Excelerate’s Offshore GasPort

Excelerate receives approval to move forward with the construction and operation of LNG terminal   On July 24, 2015, the U.S. Federal Energy Regulatory Commission

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction
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: 1.4832 sec (1 req/sec)