Aker Solutions secures contracts for FPSO offloading systems
2008.08.26 -
Contracts

Aker Solutions has been awarded several contracts for supply of offloading systems. The total contract value for Aker
Solutions is approximately NOK 85 million.
The contract awards are from the Joint Venture Euronav/OSG and MODEC International LLC for the supply of offloading systems. The Euronav/OSG contract consists of offloading systems for two Floating Storage and Offloading Units (FSOs). The contract with MODEC is for two offloading systems for a Floating Production and Storage Offloading Unit (FPSO).
The offloading system delivered from Aker Solutions is a configuration of mooring and offloading equipment at the stern/bow of
the FSO/FPSO which allows for offshore transfer of crude oil from the FSO/FPSO to a shuttle tanker. The offloading system establishes a safe and secure connection for the hose to the shuttle tanker. This connection can be quickly and safely disconnected in the event of an emergency without creating surge loads in the hose. The system can operate at rates up to 15 000 m3/hr. Aker Solutions developed the offloading system in the 1980s and it has evolved to become the most reliable and trusted system available.
The Euronav/OSG vessels are the world's largest crude oil tankers. The vessels will be operated by Euronav/OSG after conversion to FSOs. MODEC is converting a tanker to an FPSO at Cosco Shipyard in Dalian, China. The FPSO will be operated for Petrobras off the coast of Brazil.
Delivery of the offloading systems to the FSOs/FPSO will take place within Q1 and Q2 of 2009. The contract party is Aker Solutions' subsidiary Aker Pusnes AS.
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.