Saturday, 12 May 2012

McDermott wins another Murphy gig in Malaysia

Murphy Oil has signed up US contractor McDermott to provide subsea engineering, procurement, construction, installation and commissioning for its deep-water Siakap North – Petai (SNP) project in Malaysia.

The contract, which will be carried out by McDermott’s Malaysian subsidiary, comes on foot of last year’s deal between the pair on neighbouring deep-water oilfield Kikeh, where the current development is being tied back to.

The works include rigid flowlines, flexible risers, an umbilical and subsea hardware and controls for the SNP field, which is situated northwest of Labuan Island in waters 3900 to 4900 feet deep.

The SNP field will have two rigid, insulated, pipe-in-pipe production flowlines, one rigid water injection flowline and one main umbilical system connecting eight new manifolds and subsea distribution units to existing riser slots on the Kikeh floating production, storage and offloading vessel.

The development calls for five water injection and eight production wells, drilled from the manifolds at each of the four drill centre locations, McDermott said. The New York-listed contractor said detailed engineering and procurement was underway, with first fabrication in the third quarter of this year and completion a year later. 

The financial value of the contract was not disclosed.