Perenco News

This week Esgian’s Week 50 Rig Analytics Market Roundup notes developments in the semisub sector including that Shell has decided to exercise its option on Stena Don in the North Sea but not on Deepsea Bollsta in Namibia. Meanwhile, a new contract for the Transocean Barents will see it operate in the Black Sea, and jackup Shelf Drilling Perseverance will move to Vietnam.ContractsShelf Drilling has secured a contract award for the 400ft Shelf Drilling Perseverance jackup rig with PetroVietnam Domestic Exploration Production Operating Company Limited (PVEP POC).

Golar LNG has acquired New Fortress Energy's (NFE) stake in FLNG Hilli - also known as Hilli Episeyo. "In return for NFE’s 50% Common Unit holding in Golar Hilli LLC, Golar has transferred its remaining 4.1 million NFE shares to NFE, paid NFE $100 million in cash, and assumed approximately $323 million of FLNG Hilli debt," Golar LNG said. FLNG Hilli (Hilli Episeyo) is currently located offshore Kribi, Cameroon. Its customers are oil and gas company Perenco and Cameroon’s national oil firm, Société Nationale des Hydrocarbures (SNH).

Offshore vessel operator Wagenborg Offshore said Tuesday it had secured a long-term deal with an unnamed energy major for the deployment of a multi-purpose offshore vessel.According to Wagenborg, the vessel will support subsea activities and decommissioning works in the Southern North Sea.Wagenborg said that an existing young PX121 platform supply vessel would be converted into a multipurpose offshore vessel within 34 weeks at the shipyard Royal Niestern Sander in Delfzijl."During this period…

Anglo-French oil company Perenco has declared force majeure for 150 days following a leak at its Cap Lopez oil terminal in Gabon last week, a company spokesperson said on Friday.Overall production shut down is estimated at 50,000 barrels of oil per day, the spokesman said.The company expects production to restart within weeks, but with reduced storage capacity. The terminal normally receives 130,000 barrels of oil per day."We are temporarily re-routing production to the Oguendjo Terminal…

Anglo-French oil company Perenco has shut its Cap Lopez oil terminal near Port Gentil in Gabon after a storage tank leaked more than 300,000 barrels of oil, it said in a statement.The oil, which amounts to more than Gabon's daily crude output, leaked into retention tanks on Thursday and did not spill into the surrounding area, the company said.The cause of the spill was not yet clear and Perenco has opened an investigation. Reuters was unable to reach the site on Saturday."A situation of force majeure has been declared…

KOTUG International B.V. (KOTUG) won a long-term contract by Perenco Oil & Gas Gabon S.A. (Perenco) to provide towage support for their operations off Port Gentil, Gabon. The contract includes the chartering, operation and manning of three vessels, two of which are Kotug’s first-ever Rotor Tugs, the RT Magic and RT Spirit.RT Magic and RT Spirit will set sail to Gabon to support Perenco Oil & Gas in optimizing their marine spread thereby providing cost savings  simultaneously with redundancy in operations.

DP World's subsidiary Drydocks World Dubai has started converting an Aframax tanker capable of carrying 700,000 barrels of oil to a Floating Storage and Offloading Unit (FSO) for Dixstone, part of Perenco.As part of the extensive modification and life extension work at the FSO Pargo project, Drydocks will apply a new hull coating, which will ensure the FSO's performance remains reliable for the next 20 years of offshore operations.The work will also involve fabrication and installation of an external turret for weather waning…

Oil and gas company Perenco and Cameroon's national oil firm SNH have agreed with Golar LNG to increase the utilization of the FLNG Hilli Episeyo - Africa's first FLNG in operation and the world’s first converted FLNG. The Hilli Episeyo FLNG vessel moored offshore Cameroon and producing from SNH and Perenco's offshore gas fields, started producing in March 2018. The initial agreement was for the use of two of the four liquefaction trains and provided Perenco and SNH the option to increase liquefaction production.Back on March 31…

The global heavy lift vessel market is a difficult place to be. Utilization for the fleet has remained depressingly low since the first oil and gas downturn in 2014, currently hovering around 33% for the global fleet with a lift capacity of over 800 tonnes, according to IHS Markit’s ConstructionVesselBase. Fixed platform installation work, the traditional market driver for the heavy-lift fleet in oil and gas, has seen demand fall significantly. According to global figures from IHS Markit’s FieldsBase, 190 fixed platforms were installed in both 2013 and 2014, rising to 219 in 2015.

Bermuda-registered liquefied natural gas (LNG) shipping company Golar LNG said that its floating LNG (FLNG) Hilli Episeyo continues to achieve 100% commercial uptime. The vessel recently exported its 25th cargo."Discussions continue with field operator Perenco with respect to increasing the vessel's utilization and potentially increasing the overall duration of the contract term," the NASDAQ-listed company said. The initial focus of these discussions remains on utilization of train 3 and the contract adjustments necessary to ensure that the export of additional LNG at current prices is an attractive proposition for all parties. "We expect resolution of this by year-end," the company said.The FLNG Gimi Conversion project continues on target in Singapore.

Golar LNG Limited confirmed that FLNG Hilli Episeyo continues to operate with 100 percent commercial availability.Currently in the process of exporting its 10th LNG cargo, the vessel's proof of concept continues to add momentum to both existing and new opportunities under discussion. Discussions also continue with field operator Perenco as to the timing of utilization of Hilli Episeyo's excess capacity.Golar and affiliates of Keppel Shipyard Limited and Black and Veatch closed the sale of 50 percent of the common units in Golar Hilli LLC to the Partnership on July 12, . Although Golar continues to consolidate Golar Hilli LLC, after this transaction…

Swedish based marine surveyor MMT has during the past two months received 10 new subsea survey and inspection projects within the offshore wind, renewable energy and oil and gas industries.MMT said the contracts, some of which are in joint collaboration with MMT’s Norwegian partner Reach Subsea, come from a wide portfolio of old and new clients, including Siccar Point Energy, Equinor, Perenco, SSE, Örsted, Vattenfall, GreenLink Interconnector, National Grid, Wintershall and BP Trinidad.Services range from traditional geophysical surveys to unexploded ordinance (UXO) inspection and excavation…

Keppel Offshore & Marine said its Keppel Shipyard subsidiary is on track to deliver a floating production storage and offloading vessel (FPSO) to Dixstone holdings, an affiliate of the Perenco Group, on time in 3Q 2018.The FPSO, named La Noumbi at Keppel Shipyard today, will be deployed to the Yombo field operated by Perenco off the Republic of the Congo, Africa. It will be capable of producing 12,000 barrels of oil per day (bopd), processing 120,000 barrels of water per day and storing 762…

In Brazil, Keppel FELS Brasil Ltda (Keppel FELS Brasil) has been engaged by MODEC Offshore Production Systems (Singapore) Pte Ltd., part of the MODEC, Inc. group, to undertake the topside module fabrication and integration of the FPSO Carioca MV30, a Floating Production Storage and Offloading vessel (FPSO). This is the sixth FPSO collaboration between Keppel FELS Brasil and MODEC.In Singapore, Keppel Shipyard Ltd (Keppel Shipyard) has been entrusted with the conversion of a LNG Carrier to a Floating Storage and Re-gasification Unit (FSRU) by a leading global operator of oil and gas production vessels.Mr Chris Ong, CEO of Keppel O&M, said…

Golar LNG Partners have completed the acquisition of 50 percent equity in FLNG Hilli Episeyo located offshore Kribi in Cameroon, from Golar LNG, Keppel and Black and Veatch. "Further to our  announcement on August 16, 2017, that it has completed the acquisition of 50% of the common units in Golar Hilli, the indirect owner of the FLNG Hilli Episeyo," said a press release from the company. The acquired interest in Hilli LLC represents the equivalent of 50% of the two liquefaction trains, out of a total of four that have been contracted to Perenco Cameroon SA and Société Nationale Des Hydrocarbures pursuant to a Liquefaction Tolling Agreement (LTA) with an 8 year term…

Vryhof Anchors, a Vryhof company, has announced a number of contracts for its’ Stevshark Rex anchoring solution with Anglo-French independent operator Perenco and its Congolese subsidiary Perenco Congo SA; Maersk Drilling in Trinidad; and international EPC contactor CNGS Group. In addition, two Stevshark Rex’s will also be deployed by Jan De Nul Group, a dredging, offshore, civil and environmental contractor.The contracts confirm the Stevshark Rex - with versions ranging from three to 60 metric tons (mT) - as the new industry standard in hard soils…

Fifteen production floaters were contracted in 2017 – 11 FPSOs, two production semis, a wellhead TLP and an FLNG – and the number of deep water projects in the near-term planning queue indicates production floater orders are set to accelerate. This is a big change from 2016 when orders for new units totally dried up and the deepwater future looked pretty bleak. Here’s a round-up of contracts awarded last year and in January 2018. Tempera FPSO - Keppel in January 2017 received a contract from Dixstone Holdings…

Golar LNG Partners announced that it had entered into an agreement to acquire an equity interest in FLNG Hilli Episeyo last year. Equivalent to 50% of the two contracted liquefaction trains, out of a total of four, the common units also include a 5% stake in any future incremental earnings generated by the currently uncontracted expansion capacity but do not include exposure to the oil linked component of Hilli's tolling fee. FLNG Hilli Episeyo arrived in Cameroon in late November. Customs clearance, positioning, mooring hook-up and connection to the riser and umbilicals followed shortly thereafter. In early December a Notice of Readiness was tendered to Perenco and SNH.

Golar LNG Limited said today that its floating liquefied natural gas (FLNG) vessel Hilli Episeyo departed Singapore for Cameroon earlier than anticipated, leaving at 10 a.m. local time on October 12.   Hilli Episeyo was scheduled to leave Singapore between October 15 and October 20, but Golar LNG said a decision was made to complete LNG bunkering in Cameroon rather than in Singapore. The voyage to Cameroon is expected to take between 32 and 40 days.    The world’s first FLNG conversion, Hilli Episeyo was converted from a 1970s-built LNG carrier by Keppel Shipyard. The vessel will go to work offshore Kribi, Cameroon for Société Nationale des Hydrocarbures and Perenco Cameroon.

Perenco appointed Bibby Offshore to perform subsea integrity inspections and maintenance works on the Inde Joint pipeline, which runs to the Bacton Gas Terminal in the Southern North Sea. Completed in early July, the 15-day workscope saw Bibby Offshore install a total of 94 concrete mattresses over the pipeline to assist in preserving the remaining rock dump mounds. The second workscope, completed in late July, saw Endeavour Energy UK contract Bibby Offshore to carry out subsea tree inspections in the Renee and Rubie fields located in blocks 15/27 and 15/28 of the Central North Sea.

Golar LNG Partners announced that it has entered into a purchase and sale for the acquisition from Golar LNG Limited and affiliates of Keppel Shipyard and Black and Veatch of equity interests in Golar Hilli LLC, which will, on the closing date of the Acquisition, indirectly own the FLNG, Hilli Episeyo. The Acquired Interests represent the equivalent of  50% of the two liquefaction trains, out of a total of four, that have been contracted to Perenco Cameroon SA and Societe Nationale Des Hydrocarbures for an eight-year term. The purchase price for the Acquired Interests, as described below, is $658 million less net lease obligations under the financing facility for the Hilli that are expected to be between $468 and $480 million.

Keppel Offshore & Marine's (Keppel O&M) wholly-owned subsidiary, Keppel Shipyard Ltd (Keppel Shipyard), will soon deliver the world's first converted Floating Liquefaction Vessel (FLNGV) owned by Golar Hilli Corporation (Golar), a subsidiary of Golar LNG Ltd. The vessel was named Hilli Episeyo at a ceremony in Keppel Shipyard today. Upon its completion, the FLNGV will be put in operation offshore Kribi, Cameroon for Société Nationale des Hydrocarbures and Perenco Cameroon SA, and will be the first FLNGV project in Africa. Chris Ong, CEO of Keppel O&M said, "We are proud to be able to deliver the world's first FLNGV conversion in partnership with Golar LNG within three years and with a commendable safety record.

Keppel Offshore & Marine Ltd (Keppel O&M) has through its wholly owned subsidiary, Keppel Shipyard Ltd (Keppel Shipyard), won four contracts worth a total of $85 million for the conversion, repair and modification of vessels. The first contract is from Dixstone Holdings Ltd, for the conversion of the M/T Tempera into an FPSO. Keppel Shipyard's job scope includes the installation of topside process skids as well as a new accommodation module, amongst others. Work is expected to commence in 3Q 2017 and upon its expected delivery in 3Q 2018, the FPSO will be deployed to the Yombo field operated by Perenco off the Republic of Congo, Africa. It will replace the FPSO Conkouati which has served the field for more than 25 years and was also converted by Keppel Shipyard in 1991.