Aquaterra will work with local partner Maerlin Nigeria to design, engineer and install two non-identical platforms on the Anyala and Madu fields in OMLs 83 and 85 offshore Nigeria. The Sea Swift platforms will be installed in water depths of 35-55 metres with first oil expected in late 2019.
“To meet First E&P’s goal of reaching first oil in 2019, a modern approach to platform development is required, and a partner with the technical expertise to develop a cost-effective, comprehensive solution that could be designed, engineered and delivered rapidly,” Stewart Maxwell, technical director at Aquaterra Energy, said.
First E&P and Yinson Holdings had been negotiating for the supply and charter of an FPSO to operate on the Anyala and Madu fields. The parties were negotiating a bareboat charter, which was expected to last seven years with a possible eight-year extension, and an operations and management agreement. In October, the parties extended the deadline to reach an agreement a second time, until November 23.
In July 2018, First E&P’s JV with NNPC agreed a USD 724-million financing deal with Schlumberger. The oilfield services giant will provide the sum as part of the USD 1.082 billion needed to develop the Anyala and Madu fields. The remainder is to be funded by cashflows from the project.
Oslo-listed Shelf Drilling has secured a contract for the Shelf Drilling Fortress jack-up rig with an undisclosed North Sea operator… Read More
A 720-MW Australian solar farm is pioneering a model of agrivoltaics with livestock integration by playing host to more than… Read More
Malaysia’s Sapura Energy has been awarded a five-year contract from Thailand’s PTTEP to conduct Pan Malaysia subsea services for Petronas… Read More
QatarEnergy has struck a USD 6-billion deal with the China State Shipbuilding Corporation (CSSC) to build 18 of the largest… Read More
Chevron has signed a deal with NAMCOR to develop an offshore block in the Walvis Basin, the Namibian NOC was… Read More
This website uses cookies.