FMC Technologies Awarded $70 Million Pan Pandora Contract
2010.06.22 -
Contracts
Pan Pandora is an offshore oil and gas field located in water depths of approximately 950 feet (290 meters) in the Norwegian sector of the North Sea. Today's award also includes options for the supply of subsea production systems for three additional fields. All equipment will be based on a subsea standard solution designed by Statoil and FMC.
FMC's scope of supply for Pan Pandora includes the manufacture of four subsea production trees, wellheads, choke modules and subsea control modules. FMC will also supply one manifold structure and associated tools and control systems. The equipment will be manufactured and assembled at FMC's facilities in Scotland and Norway. Deliveries are scheduled to commence in the second quarter of 2011.
"We value our strong relationship with Statoil and are pleased to support Statoil's fast-track strategy," said Tore Halvorsen, FMC's Senior Vice President of Global Subsea Production Systems. "FMC's experience and success in delivering standardized solutions will help Statoil meet its goal of reducing the time it takes to achieve first oil by approximately 50 percent."
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.
