SBM Offshore Books $1.2b Lease, Supply Orders SBM Offshore N.V. received a number of orders in both the lease and the turnkey supply segments of its offshore oil activities. A lease contract has been signed with Murphy Exploration & Production Company USA and its co-producers Dominion Exploration & Production Inc., Hydro Gulf of Mexico, L.L.C and Marubeni Offshore Production (USA) Inc. for the provision of a new built semi-submersible floating production unit for installation in Mississippi Canyon (MC), Block 736 offshore Louisiana in the Gulf of Mexico and will further process production from MC 734. The Thunder Hawk Facility, which will be based on Atlantia's DeepDraft Semi design, will be moored in 1,800 m water depth and equipped to produce up to 60,000 barrels of oil and 70 million standard cubic feet of gas per day from the initially installed equipment and deck area. The contract is based on a production handling agreement providing the Thunder Hawk partners firm capacity of the facility for an initial period of five years. Another FEED (Front End Engineering Design) contract has been signed with Talisman Energy Norge AS, operator of the PL316 license offshore Norway, for a MOPU Stor, a production jack-up installed on a sub sea storage tank. The purpose of the FEED work is to adapt the patented design of SBM Offshore subsidiary GustoMSC, previously used in the Danish sector of the North Sea in the Siri field, towards a final investment decision and the submission, late 2006 or early 2007, of a PDO (Plan for Development and Operation) for the re-development of the Yme field. In view of the then prevailing low oil price environment the previous operator abandoned production from the Yme field in 2001. In addition the SBM announced receipt of three Letters of Intent from Brazilian drilling contractors for the supply of www.seadiscovery.com Dynamically Positioned Semi-Submersible Drilling Units. These LoI's were issued in the context of ongoing negotiations between the drilling contractors and Petrobras for the award of long term drilling contracts, starting in 2009. Offshore news Vietnam May Spend $6b on O&G Exploration Vietnam Oil & Gas Corp. may spend $6 billion on oil and gas exploration through 2010 as demand for energy grows in the expanding economy. Vietnam's oil production, the third-highest in South-East Asia after Indonesia and Malaysia, slid by 8 percent in the first three quarters of the year to about 354,000 barrels a day, based on PetroVietnam figures. The nation's gross domestic product increased by 8.4 percent in 2005, the fastest pace in a decade. Growth in the first three months of 2006 was 7.8 percent. Output from the country's largest field, Bach Ho, operated by a VietnameseRussian joint-venture known as Vietsovpetro, fell 7 percent from last year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arine Technology Reporter 15
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