CTC Marine Projects Receives Significant Subsea Contract from PMS
2010.11.09 -
Contracts
CTC Marine Projects (a Member of Trico Marine Group) has been awarded a contract by Petroleum Marine Services Co. (PMS), the major Egyptian marine contractor, for the subsea construction, installation and trenching work in connection with the Denise B Project.
The workscope, which will take place in the Denise B Field, Offshore Egypt, will involve a pre installation survey, followed by installation and trenching of the umbilical system. It also includes installation of the subsea structures including the High Integrity Pressure Protection System (HIPPS), the 6” spools and electro hydraulic flying leads.
The project will utilise CTC’s extensive subsea equipment including the construction vessel Volantis, the UT-1 jet trencher and the Installer ROV. The scope of work, for ultimate client Petrobel, is expected to commence in Quarter 2 of 2011.
This is the third contract awarded to CTC in Egypt, following the success previously obtained in the West Ashrafi project for AGIBA Petroleum in 2007 and the North Bardawil project for Belayim Petroleum Company (Petrobel) completed in 2009.
A source at CTC Marine Projects says of the contract award, “We are very pleased to be awarded this significant scope of work and are keen to develop further in Egypt.”
CTC Marine Projects Egypt is the registered branch of the UK company CTC Marine Projects Ltd.
Cameron (NYSE: CAM) has signed a three-year worldwide preferred supplier agreement with Schlumberger Integrated Project Management (IPM) for the supply of a wide range of flow equipment products and services. As part of the agreement, Cameron will provide Schlumberger IPM with all surface, subsea, drilling, measurement, compression and downstream equipment on a worldwide basis.
ClampOn has been awarded a contract for delivery of five subsea ClampOn DSP Leak Monitors to the Tampen Link project in the Norwegian sector in the North Sea (Sept 07). ClampOn will supply its ultrasonic non-intrusive acoustic Leak Monitors to Technip Norge AS on behalf of Statoil. The Leak Monitors will be retrofitted on two 20” gas valves on the seabed to verify/disprove through-valve gas leakage. These valves are currently open and they will be shut to close off the bypass alternative.
Helix Energy Solutions (NYSE: HLX) announced today that it has received a Letter of Intent ("LOI") for the installation of the subsea infrastructure for the VIC/P44 Stage 2 Development project in the Otway Basin offshore Australia. Participants in the VIC/P44 permit are Santos Limited (Operator) 50%, Peedamullah Petroleum Pty Ltd (Australian Worldwide Exploration) 25% and Mitsui E&P Australia Pty Ltd. 25%.
Velosi Limited Velosi or the Group, a provider of asset integrity and HSE services to a number of major national and multinational oil and gas companies, is pleased to announce that it has been re-awarded a contract from Mobil Producing Nigeria, for the next three years with an option to extend for a further one year.
Fugro has been awarded a contract to perform a detailed marine survey in the Mediterranean Sea to select the best route for the GALSI gas pipeline from Algeria to Southern Sardinia and then from Northern Sardinia to the mainland of Italy. The contract value is approximately EUR 18 million.
