Berlian Laju Tanker subsidiary bids for Belida FSO worth US$100 million
Thursday, October 6 2011 - 12:07 AM WIB
?We are taking part in the Belida FSO bidding,? Buana Listya Tama?s President Director Henrianto Kuswendi told Petromindo.com on the sideline of a Norway-Indonesia LNG seminar in Jakarta Wednesday.
The winner will replace the existing FSO unit owned by Singapore-based Tanker Pacific?s FSO called Intan deployed at ConocoPhillips Belida oil field in Natuna Sea Block B.
Buana Listya is competing with five other bidders, namely Malaysia?s M3nergy, incumbent Singapore-based Tanker Pacific and three new comers to the offshore business, PT Tirtajaya Segara, Trigarding and Multiline.
?We have passed the technical qualification process. We are now entering the commercial bidding process,? Henrianto said.
ConocoPhillips Indonesia Inc. Ltd, a production sharing contractor, aims to replace the existing floating storage and offloading (FSO) vessel, located in the Natuna Sea, Block B.
The FSO will carry contract period of 10 years, comprised of 14 months conversion period, five years fixed chartered term and 4x1 optional renewable extension. The Belida FSO will have effective cargo storage capacity of 500,000-800,000 bbls.
ConocoPhillips has said that for foreign flagged vessel proposed for the FSO conversion, the vessel age shall not be more than 20 years old when the vessel commences the time charter contract at Belida field. The vessel shall change its status as an Indonesian flagged vessel at the time of delivery or mobilization to the Belida field.
The contract is expected to be awarded in December this year, with installation in the Belida field taking place in the first quarter of 2013. Contractor will be fully responsible for all aspects of the conversion, including the integration of a company supplied equipment, and installation in the Belida field.
Henrianto said that five of the six bidders have passed the technical bid process. He declined to comment on other bidders, nor his company?s chance to win the bid. ?We?ll see,? he said.
Earlier, Henrianto said that his company is also taking part in the bidding for two floating production, storage and offloading (FPSO) units valued at between US$260 million to US$380 million.
The two FPSO projects are being offered by Petrochina for its Salawati field in Papua and by Malaysia's Petronas for its Bukit Tua oil and gas field off East Java.
The Salawati FPSO unit will have capacity to produce and storage oil of 260,000 barrels. The value of the project is between $60 million to $80 million.
Meanwhile, the Bukit Tua FPSO vessel, which has a capacity of 700,000 barrels of oil, is valued at between $200 million to $300 million. (roffie)