Grenland group to study semi-sub offshore upgrade for CNOOC
2008.06.11 -
Contracts
- This is the first contract Grenland Group signs with a Chinese oil company, and in that regard it represents a breakthrough of the company’s engagement in China, says Terje Uthus, CEO of Grenland Group.
The contract with CNOOC, valued at about NOK 5 million, includes a study of whether the semi submersible platform of the Liuhua 11-1 field can be upgraded offshore, or if it has to be taken onshore for this upgrade. Grenland Group will be well positioned for further contracts in this project.
- We have now taken a small, but significant step in China, and we hope to get more contracts both from CNOOC and other Chinese companies, Uthus says.
Grenland Group established itself in China with an office in Shanghai in January 2008, and is now in the process of recruiting engineers. In January, Grenland Groups also signed a strategic cooperation agreement with two powerhouse companies: Jiangsu Rongsheng Heavy Industries Co., Ltd. (RSHI) and XAC Group Import and Export Co., Ltd. (XAIC).
Grenland Group is a full-service engineering, procurement and construction company aiming to strengthen the business of its clients. Grenland Group has activities at 14 locations in Norway with a total of 1150 employees. In addition, the company has engineering subsidiaries in Shanghai, and Kuala Lumpur. Grenland Group had a turnover of approximately NOK 1.5 billion in 2007.
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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.
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