Kvaerner secures contracts in China

Kvaerner has announced that its Asia Pacific operations have been awarded contracts valued at USD 12 million in China for the Panyu Field Development in the South China Sea. The main contract, awarded by China Offshore Oil Nanhai West Corporation, a subsidiary of China National Offshore Oil Company (CNOOC), is for a new-build FPSO (floating, production, storage and offloading facility) operating at Devon Energy China Limited’s Panyu Field in the South China Sea. Kvaerner’s scope includes engineering design, detailed engineering support, project management support and supply of critical process equipment.
The project will be executed jointly by Kvaerner Process Systems’ (KPS) operations in Malaysia, Kvaerner E&C’s operations in Singapore and Kvaerner’s local partner, China Offshore Oil Engineering Co Ltd (COOEC). COOEC, appointed as detail engineering contractor by the client, will send its engineers to Singapore to participate in the basic engineering phase and to help ensure a smooth transition into the detail engineering phase.
The Panyu FPSO will feature production facilities capable of processing 70,000 bbls of oil and 220,000 bbls of total liquid, and will offer 600,000 bbls of heated storage capacity. Other facilities include a power plant to drive submersible pumps and other requirements, crude transfer and offloading systems, and utility and safety systems. The FPSO will take production from the Panyu 4-2 and Panyu 5-1 wellhead platforms and will be located approximately midway between the two platforms, a distance of 9.2 km. The FPSO will provide power to the two platforms via a subsea electrical cable.

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