17/08/2007 - 14:04

Lamnalco signs five-year OSV deal for Woodside

17/08/2007 - 14:04

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UAE-owned and Perth-based Lamnalco (Australia) Pty Ltd will supply a specialist offtake support and supply vessel to Woodside Energy for use at its Vincent Development Project, after signing a five year deal with the company.

Lamnalco signs five-year OSV deal for Woodside

UAE-owned and Perth-based Lamnalco (Australia) Pty Ltd will supply a specialist offtake support and supply vessel to Woodside Energy for use at its Vincent Development Project, after signing a five year deal with the company.

 

 

The full text of a company announcement is pasted below

Lamnalco (Australia) Pty Ltd announced the successful award by Woodside Energy Limited of a 5 year contract, including options, to provide the specialist Offtake Support/Supply Vessel (OSV) for the Vincent Development Project.

The multi-purpose vessel will assist tankers during offloading operations, provision of field supply for the FPSO during normal operations, fire fighting, pollution control, maintenance and other ancillary duties.

The FPSO for Vincent is owned by Maersk Contractors and operated under a service agreement to Woodside (Operator).

The FPSO, a 330metre long, 307,000 ton tanker, with a storage capacity of 1.9 million barrels, and capable of producing up to 100,000 barrels per day, will be located in deep water approximately 40 kms to the north of North West Cape, in Western Australia. Production is scheduled to commence in 2008.

Supply operations will be undertaken from King Bay Supply Base located in Dampier.

The high specification, new build 53m and 90t Bollard Pull Lamnalco OSV, to be named the Lamnalco Mallard, is the third in a series of seven such specialist vessels ordered by Lamnalco for operations worldwide.

The first two of this series of modern azimuth stern drive (ASD) configured units are on long-term contract with Total Exploration and Production Angola in support of the massive Dalia and Girassol field developments in West Africa, where production commenced in Q4 2006.

Australia's burgeoning oil and gas business is forecast to experience strong and sustained growth for the foreseeable future, and Lamnalco (Australia) Pty Ltd are looking forward to continued success in pursuit of establishing themselves as the marine provider of choice, in a very competitive market.

Andrew Wilkinson, Lamnalco (Australia) Pty Ltd's Managing Director, said that this long term contract marked an important milestone in Lamnalco's 45 year history. "As a global leader in harbour towage and port and terminal operations, Lamnalco have identified several strategic LNG and oil export infrastructures in Australia and neighbouring countries. We look forward to offering modern, safe, reliable and cost effective marine solutions to this region".

Woodside is Australia's largest publicly listed independent oil and gas exploration and production company, with long term world class assets and a market capitalization of around $30 billion.

Woodside explores, develops, produces and markets gas and oil from Australia, the Americas and Africa to customers across the globe, and employs about 2900 people.

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