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Subsea7 - News - December 14, 2004

Subsea 7 Secures IRM works in Indonesia for BP

International underwater contractor, Subsea 7 has been awarded a series of contracts by Stolt Offshore subsidiary PT Komaritim (PTK), in support of its recently acquired subsea operations services contract for BP West Java Ltd. The two year contract, with a further one year option, is worth in excess of US$24 million and will be performed by Subsea 7’s Integrated Remote Technologies division.

PTK will be the primary contractor responsible for the inspection, repair and maintenance of BP’s facilities in West Java, Indonesia. The contract will be managed by a dedicated project team based in Jakarta with additional personnel mobilised for specific campaigns.

Under the contract, Subsea 7’s IRT division will be responsible for the provision of ROV based inspection and maintenance tasks principally deployed from Subsea 7’s DP2 support vessel DSND Surveyor which will have both workclass and inspection class ROVs mobilised. Meanwhile, PTK will be responsible for the provision of diving services during the inspection and maintenance tasks. Any repair work which results from the contract may lead to potential utilisation of Subsea 7’s dive support vessel Rockwater 2.

During the first Campaign of the contract, the data acquisition will include the inspection of 74 jackets and over 500 kilometres of pipelines using ROV’s. The work also includes pipeline route surveys and geophysical site surveys. This phase of the project is expected to commence in December 2004 and will last for three to four months. The maintenance campaign including both saturation and air diving work will be mobilised early 2005. All the work will be in the ONJW field which is located northeast of Jakarta. The majority of the field is in water depths less than 50m.

Subsea 7 IRT’s Asia Pacific General Manager, Steve McVey commented “The award of this prestigious contract is another significant step in the development of the IRT business in the region and importantly provides both continuity and flexibility for our locally deployed assets and personnel.”

Ends

###

For more information, contact:

Lyndsay Cruickshank on +44 1224 344606
Pat Stephen on +44 1224 344508 or +44 7712 427608

- More -

Notes to editors:

1. Subsea 7 is one of the world’s leading subsea engineering contractors. The company has offshore operations supported out of the UK, Norway, Asia Pacific, Brazil, Gulf of Mexico, West Africa, Middle East and the Caspian and employs 3000 world-wide. Subsea 7 has a fleet of remotely operated vehicles (ROVs), four pipeline construction yards and 14 modern, high specification dynamically positioned ships capable of deepwater reeled and flexible pipelay, deepwater subsea construction and saturation diving. Website: www.subsea7.com

2. BP group companies have had a long and successful history in Indonesia, with oil production commencing in 1971. BP also operates under the Castrol brand in Indonesia.
BP has invested over US$6 billion in its Indonesian operations and employs more than 1200 people of which 92% are Indonesian citizens. .
BP's operations in Indonesia include oil and gas production and petrochemicals manufacturing through their joint ventures PT Amoco Mitsui Indonesia (PT.AMI). The current and future focus, however, is on natural gas.

BP contributes to the production of one of Indonesia's principle exports: liquefied natural gas, or LNG. BP's joint venture with Eni, PT Vico, operates the Sanga-Sanga gas field in East Kalimantan. This Production Sharing Contract (PSC) area supplies the Bontang LNG plant the largest such facility in the world. Website: http://www.bp.com/home.do

3. PT Komaritim is a subsidiary company of Stolt Offshore.

With established bases in Singapore, Indonesia and Saudi Arabia, Stolt Offshore has operated in Asia and the Middle East (AME) since 1971. The AME region, which employs approximately 400 people and has assets specifically designed to operate in the region's wide geographic areas, focuses mainly on SURF, shallow water conventional pipelay and IMR projects.
In support of AME's strategy to focus on the SURF market a construction class DSV will now operate out of Singapore with additional ships made available for deep water projects as required. Website: http://www.stoltoffshore.com/



 


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