EnQuest cleared to develop £4bn Kraken oil field off Shetland
- Thread starter TEESSIDE SCAFFOLDER
- Start date
scaffy 1980
Well-known member
How many of these jobs will be available to us brits eh...?
Looks like its not coming here to be Bulit ?????
Malaysian contractor Buma Armada is to supply its first FPSO in the North Sea for EnQuest's Kraken heavy oil development.
As the field received development approval from the UK government was announced Buma Armada declared that it has a letter of interim approval from operator EnQuest to supply a new FPSO for the project.
Bumi – which with Kraken will have seven FPSOss worldwide including the Apache Energy operated Balances field offshore Australia – has a Letter of Interim Agreement for the Kraken project which confirms an order for the supply and operation of the new offshore production ship.
This will allow the company to start buying long lead items and to commence “critical activities” prior to a final contract award which is expected by the end of this month, the Bumi Aramda indicates.
Bumi Armada UK which also boasts being the largest offshore supply vessel owner operator in Malaysia, the third largest in in South East Asia and the fifth largest FPSO operator in the world, says it will also act as duty-holder for the Kraken FPSO on behalf of EnQuest to comply with the UK's Health and Safety Executive and Department of Energy and Climate Change regulations.
EnQuest's new production ship will have storage capacity for 600,000 barrels of oil and will be located at the Kraken field in block 9/2b in the East Shetland Basin with a buoy and turret mooring system, and first oil from the field is forecast for either 2016 or 2017.
Bumi Armada's chief executive Hassan Basma says the Kraken deal is a breakthrough for the North Sea.
As the LOIA was confirmed, he declared:: “The North Sea contains significant reserves that have yet to be developed. We expect that the heavy oil production technology applied in the Kraken FPSO will unlock similar heavy oil reserves in the North Sea and other parts of the world. Our first time entry into the North Sea ushers in a new era in our relentless stride to join other similar contractors competing on their strength in execution competency and value add services.”
He continued: “It underscores our strategy of delivering cost effective harsh environment FPSOs operated under a strict regulatory regime.”
Bumi Armada's other assets include the Armada Installer, built in 2009 for pipelaying in the Caspian Sea. Also it was the first company to operate an FPSO in Malaysia, with Armada Perkas in 1997 which has been deployed on three different fields, on two continents. ,
Armada Perdana, the company's second FPSO was completed within 18 month and produced first oil December 2009. Armada TGT 1 was completed in 22 months and deployed on the Te Giac Trang field in August 2011 and the Armada Sterling FPSO started operating offshore India and produced first oil March 2013.
Meanwhile EnQuest is nearing the completion of its new headquarters in Aberdeen which will act as the hub for its North Sea operations including Kraken.
Malaysian contractor Buma Armada is to supply its first FPSO in the North Sea for EnQuest's Kraken heavy oil development.
As the field received development approval from the UK government was announced Buma Armada declared that it has a letter of interim approval from operator EnQuest to supply a new FPSO for the project.
Bumi – which with Kraken will have seven FPSOss worldwide including the Apache Energy operated Balances field offshore Australia – has a Letter of Interim Agreement for the Kraken project which confirms an order for the supply and operation of the new offshore production ship.
This will allow the company to start buying long lead items and to commence “critical activities” prior to a final contract award which is expected by the end of this month, the Bumi Aramda indicates.
Bumi Armada UK which also boasts being the largest offshore supply vessel owner operator in Malaysia, the third largest in in South East Asia and the fifth largest FPSO operator in the world, says it will also act as duty-holder for the Kraken FPSO on behalf of EnQuest to comply with the UK's Health and Safety Executive and Department of Energy and Climate Change regulations.
EnQuest's new production ship will have storage capacity for 600,000 barrels of oil and will be located at the Kraken field in block 9/2b in the East Shetland Basin with a buoy and turret mooring system, and first oil from the field is forecast for either 2016 or 2017.
Bumi Armada's chief executive Hassan Basma says the Kraken deal is a breakthrough for the North Sea.
As the LOIA was confirmed, he declared:: “The North Sea contains significant reserves that have yet to be developed. We expect that the heavy oil production technology applied in the Kraken FPSO will unlock similar heavy oil reserves in the North Sea and other parts of the world. Our first time entry into the North Sea ushers in a new era in our relentless stride to join other similar contractors competing on their strength in execution competency and value add services.”
He continued: “It underscores our strategy of delivering cost effective harsh environment FPSOs operated under a strict regulatory regime.”
Bumi Armada's other assets include the Armada Installer, built in 2009 for pipelaying in the Caspian Sea. Also it was the first company to operate an FPSO in Malaysia, with Armada Perkas in 1997 which has been deployed on three different fields, on two continents. ,
Armada Perdana, the company's second FPSO was completed within 18 month and produced first oil December 2009. Armada TGT 1 was completed in 22 months and deployed on the Te Giac Trang field in August 2011 and the Armada Sterling FPSO started operating offshore India and produced first oil March 2013.
Meanwhile EnQuest is nearing the completion of its new headquarters in Aberdeen which will act as the hub for its North Sea operations including Kraken.
happyhugenoet
Well-known member
looks like there will be 18000 of the jobs will be in Malaysia
NO OTHER COUNTRY WOULD GIVE TAX BREAKS TO COMPANIES TO LET THEM SEND THE JOBS OVERSEAS
whats the betting the cabinet ministers will all be major shareholders
NO OTHER COUNTRY WOULD GIVE TAX BREAKS TO COMPANIES TO LET THEM SEND THE JOBS OVERSEAS
whats the betting the cabinet ministers will all be major shareholders
The decision to proceed with the development was taken not by the faceless parasites in Whitehall/Westminster, or, certainly not Holyrood, but by equally faceless entities in Houston or some similar location across the Atlantic.
"Scottish Oil" is something used to fry fish and chips.
"Scottish Oil" is something used to fry fish and chips.