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Tuesday, 07 October, 2008, 19:50 GMT | more prices >>

Aker Floating answers Reliance call



By Upstream staff 

Norway's Aker Floating Production has won a five-year contract worth a little over $100 million to operate a floating production, storage and offloading vessel at Reliance Industries' MA field off India.

The company said its Aker Borgestad Operations unit would be in charge of operating and maintaining the Aker Smart 1 floater vessel at the field, expanding the scope of an earlier $750 million charter.

"Aker Borgestad Operations will be in charge of both technical operations and FPSO operations for the production of oil, gas and condensate from the MA field," it said.

The MA field is located at water depths of between 1000 and 1400 metres, and lies about 60 kilometres off eastern India.

The start-up is expected to take place in two phases, with oil production scheduled to begin in April next year and gas production in the third quarter of 2008, Aker Floating Production said.

It said that the job for Aker Smart 1 would also bring the company closer to assignments for its next two FPSOs, the Aker Smart 2 and Aker Smart 3.


Tuesday, 23 October, 2007, 09:20 GMT  | last updated: Tuesday, 23 October, 2007, 09:23 GMT

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