Deltamarin gets Kraken FPSO FEED contract

Kraken FPSO Kraken FPSO

FEBRUARY 7, 2013 — Raisio, Finland, headquartered naval architecture and engineering firm Deltamarin has signed a contract with Malaysia's Bumi Armada, for the basic design of a floating production, storage and offloading (FPSO) unit for EnQuest's Kraken field,, which is located in an area with challenging environmental conditions in the U.K. sector of the North Sea.

Deltamarin had earlier provided Bumi Armada with technical support for the conversion of an existing oil tanker into an FPSO in the Front-End Engineering Design (FEED) phase. The FEED phase included development of a robust FPSO design for the harsh North Sea environment that fullfils the U.K. rules and regulations in all aspects. The purpose was to ensure safe and environmentally sound conversion and operation as well as a design based on cost effective solutions.

Bumi Armada has secured contracts from EnQuest worth $1.4 billion for the bareboat charter and maintenance and operation of the FPSO and has secured an ice-strengthened Suezmax tanker for conversion to an FPSO unit. Both contracts run simultaneously for a fixed
period of eight years, valued with options for 17 annual extensions.
Deltamarin's present scope of work covers the further development of the FEED phase material into a class approved full basic package including naval architecture, structural and strength analysis, steel outfitting, marine/utility and HVAC, accommodation, HSE and electric & instrumentation.

"This contract further strengthens Deltamarin's position as a recognized offshore oil & gas engineering contractor for owners and operators, delivering safe and reliable vessel designs with high integrity for the harshest offshore environments", says Rami Hirsimäki, Deltamarin's Director, Oil & Gas.

The turret-moored FPSO will have a storage capacity of 600,000 barrels. Main dimensions of the vessel are 285.41 m in length overall and 50 m in breadth.

The total contract value of Deltamarin's basic design work, to be carried out over an estimated period of six months, is around EUR 3.6 million.

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