energyme.com :: news + energy + technology
     
  The Tuesday Letter
Subscribe
Submit Articles
Feedback
Search
Advertise
Events
Product Reviews
Monthly Edition
Energy Archive
 
     
  RSS feeds RSS Feeds  
     
   
     
   
     
     
     
   
     
   
     
 

BUSINESS NEWS

 
     
 

Technip receives a LOI for the Lucius development project, GoM

Posted: 19 August 2011

Anadarko Petroleum Corporation has issued a Letter of Intent to Technip for the engineering, construction and transport of a 23,000 ton Truss Spar hull for its Lucius field development.

This field is located in approximately 7,100 feet (2,165 meters) of water, in the US Gulf of Mexico.

This Letter of Intent allows Technip to begin preliminary work on the project including purchase of long lead items for the hull in advance of the planned sanction date of December 2011.

The Lucius Spar will have a capacity of more than 80,000 barrels of oil and 450 million cubic feet of natural gas per day.

Technip’s operating center in Houston, Texas, will provide the overall project management. The detailed hull design and fabrication will be carried out by

Technip’s yard in Pori (Finland), where most of the previous Technip Spar projects have been manufactured.

This Spar will be the fifteenth delivered by Technip (out of eighteen worldwide) and thus demonstrates both the leadership of the Group for this kind of floating platform and its ability to tackle ultra deep water developments. It also confirms the Pori yard track record expertise and great capabilities to deliver state-of-the-art platforms.

First oil is scheduled for 2014.

The Lucius Spar will be jointly owned by:

  • Anadarko (35%)
  • Plains E&P (23.3%)
  • ExxonMobil (15%)
  • Apache (11.7%)
  • Petrobras (9.6%)
  • Eni (5.4%).

 

 
     

 


Advertise here

Dana Gas

SABIC