UK firm to protect FPSO from pirate attacks

Eric Watkins
OGJ Oil Diplomacy Editor

LOS ANGELES, Dec. 3 -- EOS Risk Management won a 2-year contract valued at £100,000 with a Malaysian oil and gas firm to provide security consultancy from design to delivery on a production, storage, and offloading vessel to be based in Equatorial Guinea.

"We will be designing security to deter pirate and terrorist attacks, pick up suspicious activity, and respond to potential and actual threats,” said EOS Risk Management director David Johnson.

Work for the unnamed Malaysian client involves specialist security consultancy to oversee refitting of a tanker with the necessary equipment to operate safely in the Gulf of Guinea.

The work will include security design audits, plans, armor plating, specialist radar and detection systems, and counterattack measures, together with safe areas for crews.

In September, Malaysia’s SBM Offshore Ltd. said it signed a letter of agreement with Noble Energy Ltd. for provision, lease, and operation of an FPSO for the development of the Aseng field in 1,000 m of water in Block I off Equatorial Guinea.

SBM said the FPSO, to be based on conversion of the hull of a very large crude carrier from SBM Offshore’s inventory, will serve not only the Aseng field but also establish a liquids hub for Noble Energy’s future developments in the area.

SBM said the vessel will have a processing capacity for 120,000 b/d of liquids, including 80,000 bbl of oil and injection capacity of up to 150,000 b/d of water, as well as handling 170 MMscfd of gas.

The unit will have storage capacity for 1.6 million bbl of oil including up to 500,000 bbl of condensate.

SBM Offshore said it intended to execute the contract through a joint venture established with Equatorial Guinea state oil firm GEPetrol.

The Aseng FPSO will be SBM Offshore’s second operated unit in Equatorial Guinea and its ninth operated facility off West Africa.

SBM said initial firm commitment of Noble Energy under the contract is for 15 years, commencing in 2012, with provisions for further extensions up to 5 years.

“The total undiscounted cumulative portfolio value to SBM Offshore…is approximately $1.2 billion, with the lease contract expected to qualify as a finance lease for financial reporting purposes,” the Malaysian firm said.

Pirate attacks have been frequent in the Gulf of Guinea over the past year or so. In April, Reuters reported Africa's Gulf of Guinea nations lack the ability to tackle mounting threats from piracy and kidnapping.

It said the region hosts Nigeria and Angola—Sub-Saharan Africa's two largest oil producers—Gabon, Cameroon, the two Congos, and Equatorial Guinea, an oil nation with aspirations in gas. Oil from land-locked Chad is also exported through the gulf.

Sub-Saharan Africa produced more than 9 million b/d of oil in 2008 with the Gulf of Guinea nations accounting for nearly 5 million b/d of the total. The region will provide 25% of US oil by 2015, according to the US National Intelligence Council.

Contact Eric Watkins at hippalus@yahoo.com.

Related Articles

Stover elected as Noble president, chief executive officer

10/21/2014 Noble Energy Inc. reported that the company has elected David L. Stover as president and chief executive officer. Stover succeeds Charles D. Davids...

Noble posts drilling results for Katmai, Dantzler prospects

09/08/2014 Noble Energy Inc., Houston, has advanced its exploration and appraisal drilling operations on the Katmai prospect on Green Canyon Block 40 and the ...

Leviathan partners, BG sign gas supply letter of intent

06/30/2014 Noble Energy Inc. reported the signing of a nonbinding letter of intent (LOI) between partners in the Leviathan natural gas field offshore Israel a...

Noble to acquire interest in BP E&P deepwater gulf acreage

06/16/2014 Noble Energy Inc., Houston, has reached an agreement with BP Exploration & Production Inc. to acquire 50% of BP E&P’s interest in 17 deepwa...

Noble, Consol to launch Marcellus midstream MLP

06/12/2014 Noble Energy Inc., Houston, and Consol Energy Inc., Pittsburgh, have submitted a confidential draft registration statement on Form S-1 to the US Se...

Forum: Exploration opportunities outnumber available people, capital

06/09/2014 Oil and gas companies today face more emerging exploration opportunities than they have available capital or people, Susan Cunningham, senior vice-...

Forum: Exploration opportunities outnumber available people, capital

05/28/2014 Oil and gas companies today face more emerging exploration opportunities than they have available capital or people, Susan Cunningham, senior vice-...

BLM releases EA for Noble Energy’s eastern Nevada gas project

05/26/2014 The US Bureau of Land Management released an environmental assessment for Noble Energy Inc.’s proposed Huntington Valley natural gas project 7 mile...

Noble to appoint new chief executive officer

04/15/2014 Noble Energy Inc. reported that Charles D. Davidson, chairman and chief executive officer, plans to retire and leave the company’s board on May 1.

White Papers

AVEVA NET Accesses and Manages the Digital Asset

Global demand for new process plants, power plants and infrastructure is increasing steadily with the ...
Sponsored by

AVEVA’s Approach for the Digital Asset

To meet the requirements for leaner project execution and more efficient operations while transferring...
Sponsored by

Diversification - the technology aspects

In tough times, businesses seek to diversify into adjacent markets or to apply their skills and resour...
Sponsored by

Engineering & Design for Lean Construction

Modern marketing rhetoric claims that, in order to cut out expensive costs and reduce risks during the...
Sponsored by

Object Lessons - Why control of engineering design at the object level is essential for efficient project execution

Whatever the task, there is usually only one way to do it right and many more to do it wrong. In the c...
Sponsored by

Plant Design for Lean Construction - at your fingertips

One area which can provide improvements to the adoption of Lean principles is the application of mobil...
Sponsored by

How to Keep Your Mud System Vibrator Hose from Getting Hammered to Death

To prevent the vibrating hoses on your oilfield mud circulation systems from failing, you must examine...
Sponsored by

Duty of Care

Good corporate social responsibility means implementing effective workplace health and safety measures...
Sponsored by

Available Webcasts


On Demand

Optimizing your asset management practices to mitigate the effects of a down market

Thu, Dec 11, 2014

The oil and gas market is in constant flux, and as the price of BOE (Barrel of Oil Equivalent) goes down it is increasingly important to optimize your asset management strategy to stay afloat.  Attend this webinar to learn how developing a solid asset management plan can help your company mitigate costs in any market.

register:WEBCAST


Parylene Conformal Coatings for the Oil & Gas Industry

Thu, Nov 20, 2014

In this concise 30-minute webinar, participants have an opportunity to learn more about how Parylene coatings are applied, their features, and the value they add to devices and components.

register:WEBCAST


Utilizing Predictive Analytics to Optimize Productivity in Oil & Gas Operations

Tue, Nov 18, 2014

Join IBM on Tuesday, November 18 @ 1pm CST to explore how Predictive Analytics can help your organization maximize productivity, operational performance & associated processes to drive enterprise wide productivity and profitability.

register:WEBCAST


US HYDROCARBON EXPORTS Part 3 — LNG

Fri, Nov 14, 2014

US LNG Exports, the third in a trilogy of webcasts focusing on the broad topic of US Hydrocarbon Exports.

A discussion of the problems and potential for the export of US-produced liquefied natural gas.

These and other topics will be discussed, with the latest thoughts on U.S. LNG export policy.

register:WEBCAST


Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected