Clough wins US$80M share of West Seno oil field work
Tuesday, September 25 2001 - 07:41 AM WIB
Clough said work is to start immediately on the West Seno field in the Makassar Strait between Kalimantan and Sulawesi, with project completion and production start-up due in the first quarter 2003.
"This is the next major oil and gas project to get off the ground in Indonesia and confirms our optimism about the prospects for winning more new work in the sector, particularly in South East Asia," Brian Hewitt, Clough Limited Managing Director said.
The West Seno field is located in 1,050 meters of water, 200 kilometers north-east of Balikpapan on the central east Kalimantan coast. Balikpapan is home to a major Clough Group operational base.
The new field will eventually have two platforms and 48-52 wells, with planned production of 60,000 barrels per day.
The field development project is worth a total of US$344 million. The full scope of the project includes a Floating Production Unit (FPU) of 12,000 tonnes and a Tension Leg Platform (TLP) of 6,000 tonnes, fixed to the seabed, plus associated offshore and onshore production facilities.
Within the consortium, Clough's Offshore Division's project scope is worth US$70 million for the engineering, procurement and installation of the submarine pipelines and all other installation work, including moorings, piles and tendon legs. Two 62-kilometer long pipelines are to be constructed as part of the work, to take the oil and gas to onshore facilities at Santan on East Kalimantan.
The Clough Group's Indonesian subsidiary, PT Petrosea, has a share of the work worth US$10 million to undertake all onshore terminal modifications at Santan, plus provide logistical and administration support for the project.
The third member of the consortium, Hyundai Heavy industries, has been awarded work worth US$265 million fabricate the FPU and TLP facilities in South Korea and deliver them to the site by dry tow.(alex)