Marine Link
Friday, January 19, 2018

Stena Offshore News

BP Amoco Grants Project To Coflexip Stena Offshore

Coflexip Stena Offshore has reported that its Norwegian entity, CSO Norge, has received a letter of intent from BP Amoco for engineering, construction and installation works to support the development of its Tambar Subsea field offshore Norway, located in the block 1/3 in 70 m of water. The contract calls for the engineering, construction and installation of 16km of eight-inch 13 percent chrome rigid pipe between the Ula and Tambar platforms. A CSO Group spoolbase will fabricate the rigid pipe, while the installation will be performed by CSO Apache during Spring 2001.

Coflexip Stena Offshore Upgrades CSO Constructor

Coflexip Stena Offshore has announced the approval of an upgrade of the CSO Constructor, which will allow the group to offer its clients a heavy duty subsea construction vessel, capable of rigid or flexible pipelay in deepwater. This investment, to exceed $30 million, will significantly expand the capabilities of the CSO Constructor. The hull and the deck will be lengthened by 49 ft. and widened by 16 ft. to bring its pipeline payload to 3,000 metric tons.

Coflexip Stena Offshore Closes Acquisition

Coflexip Stena Offshore has finalized, with Aker Maritime ASA, the acquisition of its deepwater operations, the "Deepwater Division" headquartered in Houston, for $513 million plus the assumption of net debt of $112 million. The two parties had announced on 29 October 2000 that they had entered into a conditional agreement whereby Coflexip Stena Offshore will acquire the shares of the companies making up the Deepwater Division of Aker Maritime ASA for a value of $513 million plus the assumption of debt of $112 million at December 31, 2000. The final price of the acquisition will be subject to various adjustment mechanisms on the basis of audited financial statements of the Deepwater Division at December 31, 2000.

Digital Naming of Stena Immortal

Photo: Stena Bulk AB

The digital naming of the IMOIIMAX tanker Stena Immortal took place yesterday (January 18) at Stena's new office in Hellerup in the north of Copenhagen. Some 200 guests had gathered to attend the naming ceremony and watch godmother Jane Olsson Thorburn digitally swing the bottle of champagne against the Stena Immortal's bows. The guests were also given a guided tour, together with refreshments, of Stena Rederi AS' newly opened office where Stena Bulk, Stena Line, Stena RoRo and Northern Marine Management will also be represented.

Coflexip Stena Closes Aker Acquisition

Coflexip Stena Offshore has finalized, with Aker Maritime ASA, the acquisition of its deepwater operations, the "Deepwater Division" headquartered in Houston, for $513 million plus the assumption of net debt of $112 million. The two parties had announced on October 29, 2000, that they had entered into a conditional agreement whereby Coflexip Stena Offshore will acquire the shares of the companies making up the Deepwater Division of Aker Maritime ASA for a value of $513 million plus the assumption of debt of $112 million at December 31, 2000. The final price of the acquisition will be subject to various adjustment mechanisms on the basis of audited financial statements of the Deepwater Division at December 31, 2000.

Coflexip Stena Offshore Continues Fleet Modernization

Coflexip Stena Offshore reported that its decision to take the vessel FlexService out of commission. The CSO fleet, which is known as one of the largest in the industry - is now comprised of 14 pipelay and subsea construction vessels. Up until November 12, 2000, FlexService was chartered to Petrobras who, despite the vessel's performance, decided on early termination of the charter initially scheduled for the end of February 2001. Known as the oldest vessel in the fleet, FlexService had spent 60 percent of its life with Petrobras in the Brazilian waters - garnering the first title of the first vessel to lay flexible pipe beyond 1,000 m water depth. Upgraded on a variety of occasions, the 40-year-old vessel has recovered and re-laid more then 5,000 km of flexible pipes and umbilicals.

Coflexip Stena Offshore Closes On Aker Maritime Acquisition

Coflexip Stena Offshore (CSO) has finalized with Aker Maritime, the acquisition of its deepwater operations. The company's Deepwater Division, which is headquarted in Houston, Texas, was attained for $513 million plus the assumption of net debt of $112 million. The two parties had initially announced, on October 29, 2000, that they had entered into a conditional agreement whereby CSO would acquire the shares of the companies encompassing the Deepwater Division of Aker. The final price of the acquisition will be subject to various adjustment mechanisms on the basis of audited financial statements of the Deepwater Division at December 31, 2000.

Contract Awarded to Coflexip Stena Offshore

Coflexip Stena Offshore Ltd. (CSOL), a UK entity of the Technip-Coflexip Group, is in charge of a three-year contract from the Texaco, Amerada Hess and Talisman Energy (THT) multi-operator alliance to provide Diving Support Vessel (DSV) and Underwater Services in the North Sea. Within the scope of the contract, CSOL is responsible for delivering project management, engineering, DSV and subsea services, the objective being to maximize uptime and production potential of the three operators’ assets throughout the UK and Danish sectors of the North Sea. In addition, while typical operations included within the contract are subsea construction…

Coflexip Stena Offshore Wins Bongo Installation Deal

Coflexip Stena Offshore International has been awarded through Single Buoy Moorings (SBM) a significant part of the mooring and installation package for Shell Nigeria Exploration & Production Company's (SNEPCO) Bonga field development. This field is located in OML* 118 some 120 km offshore Nigeria's Niger Delta South West coastline in 3,600 ft. (1,100 m) of water. The field is operated by SNEPCO (55%) on behalf of Nigerian National Petroleum Company in partnership with Esso Exploration and Production Company Nigeria Ltd (20%), Nigeria Agip Exploration Ltd (12.2%) and Elf Petroleum Nigeria Ltd (12.5%). CSO International's scope will cover project management, engineering, procurement, transportation and installation of three dynamic 19-in.

Coflexip Stena Signs Contract With Hyundai Mipo

Coflexip Stena Offshore came to an agreement with Hyundai Mipo Dockyard for the construction of its newbuild ultra deepwater pipelay and construction vessel, scheduled to begin operations in the second quarter 2001. The future multipurpose vessel, which will be named later on, is designed for subsea construction and for laying rigid and flexible pipe and umbilicals down to 2,500 m. The newbuild will offer a wide range of capabilities covering subsea construction and installation in any deep and ultra deepwater fields in West Africa, the Gulf of Mexico and Brazil.

A&P Aberdeen Lands Premiere Deal

Shiprepair and conversion specialist A&P Aberdeen has successfully completed the first contract at its newly opened Aberdeen workshop for Coflexip Stena Offshore. A&P worked on Coflexip's construction vessels CSO Orelia and CSO Alliance, which required equipment to be fabricated and delivered within a short timeframe. A&P's new facility, which opened its doors the beginning of June, was able to comply with these deadlines via a mobile workforce to fabricate the items; seafastening frames for CSO Orelia, delivered to Aberdeen and two lifting beams for CSO Alliance, delivered to Immingham.

Report: Deepwater Development Will Outpace Equipment Supply

The booming global deepwater oil industry is on course to outpace supply of offshore development hardware in the next two years, according to an analysts' report. "Deepwater construction capacity will be insufficient to handle anticipated demand requirements in 2002 and particularly 2003-04," said an oilfield and equipment services report by Schroder Salomon Smith Barney. "We believe a rush of field development plans will be sanctioned in 2001, followed by major contract awards to marine contractors," it added. With oil prices having tripled in 18 months, companies are loosening constraints on exploration and development spending imposed during a price slump in 1998 and early 1999. But a backlog of potential developments could grow as limits emerge to equipment supply.

Cammell Laird Receives Coflexip Conversion Project

Cammell Laird Tyneside announced that it secured a significant conversion project for the vessel CSO Constructor. The vessel, which belongs to the Coflexip Stena Offshore Group, is currently a dynamically positioned offshore diving support vessel. The conversion project entails converting the vessel to undertake deep water flexible and rigid pipe laying activities together with deep water subsea installations. Work entails the addition of over 2,000 tons of new steel, the majority of which is in a new 15 m vessel length extension. Two new deck cranes, 25 & 300 tons and a hydraulically driven internal pipe carousel will be fitted along with a significant upgrade of the vessel's systems including the installation three new 1,360-kw generators.

CSO Seawell Docks at A&P Southampton

A&P Southampton recently welcomed a slightly unusual vessel to their dry-dock. The ship repair, maintenance and conversion company, whose customers mainly consist of Cruise, Ferry, and Trading Vessels have successfully completed a refit of Coflexip Stena Offshore’s CSO Seawell, an offshore support vessel at their King George V dry-dock. The ‘Seawell’ is a highly technical vessel accommodating three moonpools, two diving bells, divers decompression chambers, hyperbaric lifeboats and has a derrick with active heave capability and is normally employed doing well intervention in the North Sea. The Seawell arrived in Southampton during March for a dry dock and repair period lasting just over 5 weeks and involved various routine repairs including steelwork…

Coflexip Stena/Kvaerner Finalize Acquisition Plans

Coflexip Stena Offshore, along with Kvaerner is finalizing the acquisition of the business of Houston-based pipeline engineering company Kvaerner R.J. Brown (KRJB). Closing was expected to occur on March 31. Known as a pipeline engineering company specializing in the design and installation of pipeline bundles and risers for deepwater applications, KRJB is renowned for its offshore pipeline design and towing techniques for more than 30 years. Operating as a separate engineering company under the R.J. Brown Deepwater name within the CSO Group, and working closely with CSO's Deepwater Field Development Division. RJB Deepwater will provide FEED engineering services on an independent basis.

Coflexip Stena, Kvaerner Finalize Acquisition Plans

Coflexip Stena Offshore, along with Kvaerner, is finalizing the acquisition of the business of Houston-based pipeline engineering company Kvaerner R.J. Brown (KRJB). Closing was expected to occur on March 31. Known as a pipeline engineering company specializing in the design and installation of pipeline bundles and risers for deepwater applications, KRJB is renowned for its offshore pipeline design and towing techniques for more than 30 years. Operating as a separate engineering company under the R.J. Brown Deepwater name within the CSO Group, and working closely with CSO's Deepwater Field Development Division. RJB Deepwater will provide FEED engineering services on an independent basis.

Coflexip Strengthens Deepwater Capabilities With Upgrade

Coflexip Stena Offshore has announced that the board of directors of Coflexip approved the upgrade of the CSO Constructor which will allow the group to offer its clients a heavy duty subsea construction vessel, capable of rigid or flexible pipelay in deepwater. This investment, to exceed $30 million, will significantly expand the capabilities of the CSO Constructor. The hull and the deck will be lengthened by 49 ft. and widened by 16 ft. to bring its pipeline payload to 3,000 metric tons. It will also be equipped with a 300 metric ton lift crane. After conversion, the vessel will be able to install rigid lines with the patented M-J Lay system, or flexible lines, stored in a carousel under deck, using the patented Vertical Laying System (VLS), down to 1,500 m (6,500 ft.) water depth.

Coflexip Unit Wins Pipeline Contract In GOM

Coflexip Stena Offshore Inc. was awarded by Williams Energy Services a large EPCI contract for the design, procurement, installation and commissioning of two 18-in. export pipelines, totalling 160 miles from the Devils Tower field development, located in 5,700 ft water depth in Block 773 of the Gulf of Mexico, to shallow water tie-in locations at the shelf edge. The contract work scope comprises project management, engineering, procurement and installation of two export pipelines consisting of 160 miles of 18-in. pipeline, 12 miles of 14-in. pipeline and two 14-in. steel catenary risers (SCR). CSO will also be responsible for hooking up of the SCRs to the new-built Dominion Exploration Devils Tower Spar…

Success of Technip's Offer on Coflexip

Coflexip Stena Offshore announced today that following the publication by the French Financial Markets' Board of the results of the public offerings of Technip on Coflexip's share capital, Technip now holds 98.36% of Coflexip and 98.54% of its voting rights. In its July 25 meeting, the Board of Directors of Coflexip had recommended that Coflexip shareholders tender their shares to Technip's offer. CSO, the leading global contractor for subsea and deepwater solutions to the offshore oil and gas industry, offers technically advanced and cost-effective best in class services and products for the development of offshore hydrocarbon fields worldwide.

Technip Offshore Wins Pipeline Contract

Technip Offshore Contractors Inc., formerly Coflexip Stena Offshore Inc., a U.S. entity of Technip-Coflexip has been awarded by BP America Production Company the fabrication and installation of a deepwater subsea pipeline for their King West Development. The King West well is located in Mississippi Canyon Block 84 in the Gulf of Mexico. The planned field layout for this development consists of one subsea well located in MC 84, tied back to an existing in-line subsea tie-in base associated with the producing King Subsea Flowline System. The pipeline installation is scheduled for April 2003, utilizing Technip-Coflexip's ultra deepwater pipe laying vessel the CSO Deep Blue…

Erika To Be Emptied

TotalFinaElf picked Coflexip Stena Offshore and Stolt Offshore to pump oil from the tanker Erika, which sank off France's Atlantic coast. TotalFinaElf, which has faced widespread criticism in France for the disaster, has agreed with the government to pump up to 15,000 tons of heavy fuel still believed to be trapped in the holds of the tanker. The difficult operation, involving two ships with pumps and a tanker to carry the recovered oil to the Donges refinery near Nantes, is scheduled to begin next month. It is expected to be completed in September. TotalFinaElf has estimated the cost of the operation at $57 million.

Coflexip Stena Offshore Modifies Its Management Structure

upon his suggestion, Daniel Valot, Chairman of the Board of Technip-Coflexip, was appointed, effective October 17,, Vice Chairman and Chief Executive Officer of Coflexip, providing him with the same powers as Pierre Marie Valentin. of Technip-Coflexip bylaws, which should occur early December 2001. effective best in class services and products for the development of offshore hydrocarbon fields worldwide. abandonment, the Group solutions in engineering, fabrication and installation are proposed on either an integrated or a segmented basis. expertise in moorings, pipeline-riser-umbilical systems and robotics. of subsea construction and installation vessels.

CSO Deep Blue Delivered

Coflexip Stena Offshore said its new-built ultra deepwater pipelay and subsea construction vessel, the CSO Deep Blue, was delivered on March 1, by Hyundai Mipo Dockyards after is successfully completed sea trials. CSO Deep Blue - at the time of the release -- was sailing to the Netherlands, where her unique CSO designed pipelay equipment, will be installed. This pipelay system will allow the vessel to lay rigid pipe (reeled and J-Lay), flexible pipe, and umbilicals down to 8,200 ft. (2,500 m), offering CSO clients the full range of products and installation options for their deep and ultra deepwater developments. The vessel is to begin operations during summer 2001 after sea trials with her pipelay equipment.

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