Conoco awards EPCI contracts
Tuesday, August 21 2001 - 05:03 AM WIB
The company said in a press statement Tuesday that one of the contracts is for the floating, production, storage and offloading (FPSO) unit, and the other is for the wellhead platforms, pipelines and oil offloading buoy.
Conoco awarded the FPSO contract to PT Brown & Root Indonesia.
The contract for the wellhead platforms, pipelines, and oil offloading buoy was awarded to PT J. Ray McDermott Indonesia.
The wellhead platforms will be fabricated at PT J. Ray McDermott?s yard in Batam.
These awards support the gas sales agreements that were signed between Pertamina and Singapore?s SembCorp in 1999 and Malaysia?s Petronas in 2001.
The Belanak Field development is the cornerstone for the supply of natural gas by pipeline to Malaysia and Singapore, and for the development of extensive reserves of liquids in the South Natuna Sea Block B PSC. Belanak has reserves of approximately 550 billion cubic feet of gas, and 100 million barrels of oil, condensate and liquefied petroleum gas (LPG).
The Belanak Field will be developed utilizing a FPSO unit with LPG extraction facilities, 2 wellhead platforms, 38 wells, a Floating Storage and Offloading (FSO) unit for LPG, a gas export pipeline, and intra-field pipelines.
The Belanak Field facilities will also serve as a central gathering hub for more than six other nearby fields.
This will help lower development cost by reusing and avoiding duplication of facilities, as would have been the case with individual non-coordinated developments. Approximately 1.4 trillion cubic feet of gas and 150 million barrels of oil, condensate and LPG will be produced through the Belanak facilities from these nearby fields.
The primary facility of the Belanak Field development is the state-of-the-art FPSO with LPG extraction facilities.
The FPSO itself is world class in size and sophistication. It is designed to process up to 350 million cubic feet of gas per day for export, up to 100,000 barrels of oil and condensate per day, and up to 23 000 barrels of LPG per day.
The 1000 foot long vessel will store up to one million barrels of oil, which will be off-loaded to tankers for onward transportation.
The FPSO will be installed and ready for production in late 2004. (*)