Annual Report 2010 - SBM Offshore

Report of the Board of Management
Deep Panuke Production Field Centre
The hull and production facilities of the MOPU structure
for Encana’s Deep Panuke Production Field Centre are
in the final stage of integration and commissioning in
Abu Dhabi. On completion in the first half of 2011, the
platform will be shipped to Nova Scotia in Canada for
offshore installation, which consists of jacking the deck
up on its four legs and connecting the production trees
via subsea flowlines to the production platform. The
facility will be on an initial eight-year lease and operate
contract with Encana Corporation with first production
scheduled in 2011.
During the project, modifications to the original design
were requested by the client and implemented by the
Company resulting in increased construction time and
60 SBM Offshore – Annual Report 2010
significant additional costs. The Company has claimed
these additional costs from the client through change
orders to the contract. The Company and client have
so far not been able to reach an agreement on the level
of compensation for the cost increases and extended
construction time associated with the changes. Further
discussions are in progress.
DeepDraft Semi ® Tubular Bells
A Letter of Agreement was signed with BP (since
replaced as field operator by partner Hess) for a new
DeepDraft Semi®-submersible to produce from the
Tubular Bells field at Mississippi Canyon Block 725
off New Orleans in the Gulf of Mexico in 1,280 metres
water depth and with a maximum throughput of 60,000
barrels of oil per day. The final lease and operate
FPSO Espirito Santo
offshore Brazil