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Repsol/Mubadala/PetroVietnam/PPP Ca Rong Do Oil and Gas Field Development Vietnam - Project Profile

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Synopsis


"Repsol/Mubadala/PetroVietnam/PPP Ca Rong Do Oil and Gas Field Development Vietnam - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "Repsol/Mubadala/PetroVietnam/PPP Ca Rong Do Oil and Gas Field Development Vietnam - Project Profile" is part of Timetrics database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary


Repsol S.A (Repsol), Mubadala Petroleum (Mubadala), PetroVietnam Oil Corporation (PetroVietnam) and Pan Pacific Petroleum (PPP) are undertaking the development of Ca Rong Do (CRD) Oil and Gas Field in Vietnam.

The project involves the installation of tension leg wellhead platform (TLWP) tied to a floating production, storage and offloading (FPSO) facility to service the fields wells. The FPSO will have 25,000-30,000 barrels per day (b/d) and 60 million cubic feet per day (MMcf/d) processing capacity. The project includes the drilling of six oil wells and four gas wells and the field will also feature four water-injection wells.

In January 2015, Talisman issued tender for the front-end engineering and design (FEED) contract for the project.

In April 2015, Wood Group Kenny was awarded the first FEED contract, which covers risers for the TLWP.

In August 2015, Wood Group Kenny was awarded as FEED contract. The scope of the contract covers works on the subsea system and structures, risers, flowlines and power and control umbilicals for the project, which will see a new build TLWP housing 12 wells, connect to a leased FPSO vessel. The contract is the second of three FEED packages Repsol plans to award for the project.

In early June 2016, KEPPEL Fels, the rig-building arm of Keppel Corp, has emerged as the frontrunner by a large margin for a tension leg wellhead platform (TLWP) contract.

Repsol is currently in the process of finalizing negotiations for FPSO contract, for which Yinson Genesis, Petrofac and Bumi Armada Bhd are the front-runners.

In addition to the TLWP and FPSO, a third contract is expected to be tendered out in the coming months of 2016 for a subsea installation of the production infrastructure. Keppel O&M and Sembcorp Marine will be eyeing a contract for the modification of the leased FPSO planned for CRD. Ezra Holdings, through its subsea joint venture with Chiyoda, is being considered as a likely contender for the subsea installation contract.

PTSC M&C is the main engineering, procurement, construction and installation (EPCI) contractor for the TLWP.

On January 20, 2017, Talisman has issued a Letter of Intent to enter into exclusive negotiations with Yinson Production Pte Ltd (YPPL) is a subsidiary of Yinson Holdings Berhad. However, Yinson Holdings Berhad has secured an FPSO contract from Talisman. The contract is for 10 years with five extension options on April 26, 2017.

On April 27, 2017, Keppel FloaTEC LLC subsidiary of Keppel Offshore & Marine Ltd has secured a contract worth about US$40 million from PTSC Mechanical & Construction (PTSC M&C) to provide engineering, technology and construction management support services contract for first Tension Leg Wellhead Production Platform.

In June 2017, drilling works commenced and are underway. Project is expected to complete the first oil well by September 2019.

Scope


The project involves the development of Ca Rong Do (CRD) Oil and Gas Field in offshore Vietnam.

The US$1,100 million project includes the following:

1. Drilling of a six oil wells and four gas wells

2. Drilling of four water-injection wells

3. Construction of offsite utilities

4. Construction of storage facilities

5. Installation of safety and security systems

Reasons To Buy


Gain insight into the project.

Monitor the latest project developments.

Identify key project contacts.

Table of Contents


1.Key Statistics
2.Key Dates
3.Sector
4.Tender Information
5.Scope
6.Description
7.Latest update
8.Background
9.Key Contacts
10.General News, Project News
11.Appendix


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Reports Details

Published Date : Nov 2017
No. of Pages :8
Country :Vietnam
Category :Construction
Publisher :Timetric
Report Delivery By :Email
Report Delivery Time :12 to 24 hours after placing the order.

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