AqualisBraemar tasked with Bahrain floatover
25 April 2017 – AqualisBraemar has been contracted by South Korean OCEANUS Co. Ltd. to provide specialist floatover services for an LNG regasification platform topside offshore Bahrain.
AqualisBraemar, part of Oslo-listed Aqualis ASA, will deliver the project as a subcontractor to OCEANUS, who is in charge of the transportation and installation contract on behalf of its EPC contractor client, GS E&C.
OCEANUS will transport the 7,000 tonnes topside from Laem Chabang, Thailand, to its final destination at the LNG Terminal location in Bahrain.
The scope of work for AqualisBraemar’s subcontract includes provision of project management services, specialist floatover engineering, and supervision for loadout and floatover installation operations. AqualisBraemar’s work commences immediately and the company’s involvement will run until Q3 2018. The contract value is undisclosed.
The new facilities will include a fixed platform for unloading LNG carriers, a newbuild FSU (floating storage unit) and an onshore receiving facility which together comprise the LNG Import Terminal development in the Kingdom of Bahrain.
“This is an important project for AqualisBraemar. Topside floatovers are a specialist competence of ours which we are very happy to utilise in what has been a somewhat weak floatover market in recent years. Although this is not a particularly heavy topside compared to many floatovers, the project has some interesting challenges with the shallow water depth. This contract also highlights the importance of having a physical presence in both Asia and the Middle East,” says Phil Lenox, director – Asia Pacific, AqualisBraemar.
AqualisBraemar will manage the floatover project out of its Singapore office.
AqualisBraemar is a specialised marine and offshore engineering consultancy focusing on the shallow and deep-water segments of the offshore oil and gas industry as well as the offshore wind industry.
ENDS
For further information, please contact:
Investors
Kim Boman, CFO, Aqualis ASA, tel: +47 959 63 912, email: kim.boman@aqualis.no
Media
Endre Aaberg Johansen, Corporate Communications AS, tel: +47 41 61 06 05, email: endre.johansen@corpcom.no.
About Aqualis ASA
Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the oil and gas, wind and solar sectors globally. The group employs experienced consultants across 22 offices in 15 countries worldwide. Aqualis ASA operates under three different brands: AqualisBraemar, Offshore Wind Consultants and ADLER Solar. AqualisBraemar is a specialized offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry. ADLER Solar is a full-service provider for the PV industry. It offers technical solutions and services for the entire life cycle of photovoltaic plants. Aqualis owns 49.9 percent of ADLER Solar.