2008 Annual Report - SBM Offshore

SBM Offshore Annual Report 2008 / Report of the Board of Management45large diameter flowlines, either steel pipe or bonded rubbertype, suspended between the FPSO and the buoy.The Akpo Deepwater CALM buoy was completed, launchedand handed over to Saipem mid December 2008, foroffshore installation on the Akpo field offshore Nigeria. Itwill function as the oil offloading system for the Akpo FPSOwhich is owned by Total. The buoy and the suction piles forthe anchoring system were constructed entirely in a localNigerian yard in line with local content requirements.In July 2008, a consortium of SBM Offshore and APL(part of BW Offshore) was awarded a contract by TotalE&P Angola for the Engineering, Procurement, Supply,Construction and Installation (EPSCI) of the Oil LoadingSystem on the Pazflor project. The SBM Offshore scope ofwork consists of Engineering, Procurement and Supply ofthe (2) Oil Offloading Lines, to be based on the Trelline,a large diameter reinforced bonded rubber hose, whichwill be suspended between the FPSO and the deepwaterCALM buoy and the offshore installation of the complete OilLoading System. Delivery of the complete system includingthe Oil Offloading Lines is scheduled for the second quarterof 2010, followed by offshore installation with the Companyowned installation vessel ‘Normand Installer’.Tanker Loading and Discharge TerminalsThe market for the supply of traditional near shore tankerloading and discharge terminals of the Catenary AnchorLeg Mooring (CALM) type has been rather steady overrecent years and although competition on price has beenvery severe in a number of projects, the Company hasbeen successful in maintaining a large market share ofapproximately 80% of all supplied systems. It is worthwhileto note that new orders are not only for units to replaceolder installations but also for expansion of existing terminalsand terminals at new locations.The following new terminal orders were secured in2008:• from Zakum Development Company for the supplyof a second replacement CALM buoy for ‘Alpha’terminal at Zirku Island, Abu Dhabi;• from CEPSA for the supply of a replacement CALMbuoy for their terminal at Huelva, Spain;• from Reliance Industries for a spare products exportCALM buoy for their Jamnagar Refinery in India;• from Shell Gabon S.A. for a replacement CALM buoyfor their Gamba terminal in Gabon;• from SAPREF for supply and installation of areplacement CALM system for their Durban terminal,South Africa;Deepwater CALM buoy for the AKPO development offshore Nigeria