Talisman set for MonArb deals

Resigned: Talisman’s erstwhile chief executive John Manzoni

REUTERS/SCANPIX

By Iain Esau London

 13 September 2012 22:59 GMT

Calgary-based Talisman Energy is expected to award two key fabrication contracts within weeks covering its 13,000-tonne MonArb bridge-linked platform project in the UK North Sea.

Market sources said Spain’s ­Dragados Offshore and Italy’s ­Rosetti Marino are up against Holland’s Heerema Fabrication Group and the UK’s OGN to secure separate contracts covering a 7500-tonne deck and a 4000–tonne jacket.

Awards could be issued late this month or in early October, said sources. They said MonArb’s schedule had never been tied to the project securing a brownfield tax allowance from the UK government, though this contradicts statements made by Talisman.

Observers suggested that a UK yard will secure at least one of the MonArb contracts, a view that, if confirmed,…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index