NEwS
of March GE announced a €110 million investment, which the company believe will create up to 1900 jobs.
Contract
offshore contracts
Italian energy contractor Saipem has been awarded offshore contracts worth approximately €700 million (US$944 million) by Agip KCO in Kazakhstan. Te contract is an extension of a previous contract signed in 2005 for the installation of the offshore facilities system relating to the experimental phase of the Kashagan field development programme – ‘Kashagan Piles and Flares’. Te Kashagan field is located in the northern part
Saipem wins major
of the Caspian Sea, for the production of the crude oil and associated gases by an artificial offshore facilities system denominated Block D and Block A and is characterised by very shallow water, severe weather, stringent environmental restrictions alongside the lack of infrastructure for the offshore industry, making the project complex and challenging. Te contract, which has been extended to December
2010, is for the fabrication, assembly, transport and installation of the flares and of the piles sustaining the offshore structures, along with the installation of 14 module barges. Included in the scope of work are also the procurement, fabrication and installation of associated mooring, protection and interconnection structures. Te offshore activities are executed by the vessel Ersai
1, a construction barge built specifically for the scope of the project. Te piles and flares are fabricated in the Ersai’s Kuryk yard in Kazakhstan, in which Saipem has a participation of 50%. In the UK, Saipem signed with ConocoPhillips
Petroleum Company UK Ltd. the contract for the installation of three platforms for the Jasmine Development Project. Te Jasmine field is located in the UK sector of the central North Sea, about 240km south-east of Aberdeen. Te scope of work encompasses the engineering,
project management, transportation and offshore installation of three platforms and related interconnection structures, in a water depth of approximately 80m. Te platforms will have an overall weight of about 7100tonnes, 11,600tonnes and 11,700tonnes, respectively. Te offshore installation will be performed by the
vessel Saipem 7000, in different time frames during 2011 and 2012, and will be completed in the third quarter of 2012. In Norway, Saipem has been awarded by ConocoPhillips Skandinavia AS the contract for the installation of two platforms as part of the Greater Ekofisk Area Development project (GEAD). Te contract encompasses the engineering, project management, transportation and offshore installation of
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two platforms and related interconnection structures in the Ekofisk Centre Field, located in the southern part of the Norwegian sector of the North Sea, in water depths of between 70m and 80m. Te two platforms will have an overall weight in excess of 15,000 and 16,000tonnes, respectively. Te offshore installation will be performed in 2012
and 2013, in different time frames, by the vessel Saipem 7000 and will be completed in the third quarter of 2013. Furthermore, Saipem has agreed with its clients various increases in the scope of its work on existing offshore contracts in West Africa.
Business
Rolls-Royce acquires more Odim shares
Rolls-Royce has announced that it now holds the rights to more than 90% of the shares in Norwegian offshore deck handling specialists Odim ASA. Prior to the offer, Rolls-Royce owned 15,545,634
shares, representing 33% of the issued share capital in Odim ASA. At the close of 29 March, approximately 30.1 million shares have been tendered, representing approximately 64% of the outstanding shares in Odim ASA. The shares tendered, combined with shares
owned by Rolls-Royce prior to the offer, currently represent approximately 45.7 million shares, or approximately 97% of the shares and voting rights in Odim ASA. The condition for completion of the offer stated in Section 1.6 a. of the offer document dated 26 February 2010 has been satisfied. Adjustments may be made to the number of
shares controlled by Rolls-Royce in Odim ASA due to possible corrections and changes following registration with the Verdipapirsentralen (VPS). The final result of shares controlled is scheduled to be published as soon as it is available. Subject to the satisfaction or waiver of the
remaining conditions to the offer (Section 1.6), Rolls-Royce intends to make a compulsory acquisition of the remaining shares in Odim ASA pursuant to the Norwegian Public Companies Act and to proceed with an application for a de-listing of the shares of Odim ASA from Oslo Børs.
Contract
Cosco wins Sevan
Brasil contract
Chinese shipyard Cosco (Nantong) Shipyard
Offshore Marine Technology 2nd Quarter 2010
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