Koil Energy Solutions Inc. (KLNG): Could this be the FPSO where Deep Down's...

Reply Private New

Replies (3) Next 10 Prev Next

Send PM Follow Ignore

Followers	3167
Posts	208744
Boards Moderated	2
Alias Born	02/04/2004

doogdilinger

Re: JoeSmith post# 48900

Thursday, 01/31/2008 7:34:24 AM

Thursday, January 31, 2008 7:34:24 AM

Could this be the FPSO where Deep Down's 3 dynamic BS Latchers are being installed? It appears that MISC and SBM recently formed 3 joint FPSO ownerships so not sure if this is the one but SBM Offshore N.V is the only company I could find with an FPSO contract award for the BC-10:

http://www.misc.com.my/core_offshore_newconversions.php

SBM Offshore N.V. Receives Orders Worth USD 850 Million; Receives FPSO Contract From Shell
Monday, 6 Nov 2006

SBM Offshore N.V. announced that the Company has recently received a number of orders with a cumulative portfolio value in excess of USD 850 million.The Company has signed a contract with Shell on behalf of themselves and their partners Petrobras and ONGC for the lease and operation of a Floating Production, Storage and Offloading vessel (FPSO) for the development of the BC-10 field, offshore Brazil. The FPSO, based on the conversion of a very large crude carrier (VLCC) hull from the Company inventory, will have the capacity to process 100,000 barrels of oil and inject up to 75,000 barrels of water per day back into the reservoir. The unit, equipped with turbines able to generate 60 megawatts of electrical power for operating the facilities, will be installed in a water depth of 1,780 meters. It is the intention of SBM to execute the contract in joint venture with Malaysia International Shipping Corporation Berhad (MISC). Discussions between the two parties are in progress. MISC and SBM are also partners in the FPSO Brasil, under lease with Petrobras on the Roncador field, and in the Kikeh FPSO for Murphy, currently under construction in Malaysia. The initial firm commitment of Shell under the contract is for a period of 15 years, commencing in late 2008 / early 2009.

http://uk.reuters.com/investing/quotes/keyDevelopments?symbol=SBMO.AS&pn=2

"Never buy or sell based on anything I post - my posts are just my opinion"

"I like ridin' lightnin' - rely on no-ones due but your own"