2005 Annual Report - SBM Offshore

Report of the Board of Management
The deep-draft semi-submersible for the
Independence Hub under construction in Singapore
Large Production or Storage Systems
The design, engineering and project management activities of
Atlantia in Houston were in 2005 largely focused on the
execution of the turnkey supply contract of the hull and
moorings for the Independence Hub deep-draft semisubmersible
FPS for Enterprise Products LLP, obtained in the
second half of 2004. The design of the semi-submersible
required the close cooperation of several Group companies.
This project, in 2,400 metres water depth in the Gulf of
Mexico, provides a gas gathering and production system for
remote deepwater subsea wells from several different oil and
gas operators that comprise the Atwater Valley Partners
consortium. The hull will carry topsides which process 1,000
million standard cubic feet of gas per day and supports the
import and export Steel Catenary Risers. The construction of
the hull is taking place in Jurong Shipyard in Singapore and
is due for delivery to the topsides integration yard in the Gulf
of Mexico in the second quarter of 2006. When installed later
in 2006, this platform will be the deepest water Floating
Production System in the world.
A second large project under execution in Houston is the
Engineering Procurement and Construction Management
contract from BHP Billiton and its partners for a SeaStar ®
Tension Leg Platform for the Neptune field, Gulf of Mexico,
for which the full scope of work was confirmed early 2005.
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The SeaStar ® TLP, Atlantia’s fifth in the Gulf of Mexico, will be
installed in 1,300 metres of water in the central Gulf of Mexico
approximately 120 miles offshore Louisiana. The contract is
for the design, construction and delivery of the complete TLP,
including topsides facilities, and for installation and
commissioning assistance. The topsides facilities feature a
production capacity of 50,000 barrels of oil, a throughput of 50
million standard cubic feet of gas and 30,000 barrels of water
injection per day. The TLP is scheduled to be installed in 2007,
with initially seven subsea wells tying back to the facility.
The design and construction of the three flash gas
compression barges for the Kashagan field in the shallow
waters of the northern Caspian Sea offshore Kazakhstan
developed in the course of the year on schedule. Execution
of this order, obtained in partnership with Siemens Demag
Delaval Turbomachinery BV in the second half of 2004,
includes all detailed engineering, procurement and
construction supervision of the barges at the yard of Lamprell
in Dubai. Delivery of the first two barges to the field operator
Agip KCO is scheduled for the summer of 2006 with the third
barge following a year later.
In 2005 Mobil Production Nigeria signed the final acceptance
of the FSO for the Yoho field, following offshore installation by
the ‘Dynamic Installer’.