Monday, 22 October 2012

Petronas in bids call for Yetagun North field off Burma contract

Malaysia’s Petronas is calling for turnkey contract bids on the satellite development of the Yetagun North field off Burma. 

A tender has been issued for the construction and installation of a new wellhead platform and associated pipelines. 

The satellite platform, understood to weigh in at about 5000 tonnes, will be tied via a 10-inch, 11-kilometre pipeline to the central processing platform at the producing Yetagun field. 

As many as 15 offshore fabricators and transportation and installation contractors were invited to submit their bids by October 22. 

Potential contenders include Nippon Steel, SapuraKencana, Gunanusa, THHeavy Engineering — formerly Ramunia, Larsen & Toubro — and Swiber Offshore. 

The award of the contract,estimated at $120 million, is expected to take place before the end of the year. Offshore in­stallation is aimed for the fourth quarter of 2014, with the engineering, procurement and construction projected to start in early 2013. 

Malaysia’s RNZ Integrated under­took front-end engineering and design studies on the Yetagun North field development. 

Output is projected to peak at 70 million cubic feet per day of gas from two subsea wells. 

After taking over as field operator at Yetagun from Premier Oil in 2003, Petronas has embarked on the Yetagun North field development to fulfill the commitment of delivering gas at a plateau rate of 400 mmcfd until April 2014. 

Wet gas produced from the field is dehydrated at the existing Yetagun-B wellhead platform before being exported to Thailand. 

Condensate is transferred to a floating storage and offloading vessel moored at the field.