LONDON. - Wednesday, January 14th 2015 [ME NewsWire]

    Engineering, Procurement and Construction (EPC) contract scope includes supply of an external, bow mounted, cantilever turret mooring system with swivel stack
    Libra is one of Brazil's biggest oil fields to date

(BUSINESS WIRE) London Marine Consultants (LMC), a wholly owned subsidiary of Ezra Holdings Limited (“Ezra” or “the Group”), a leading contractor and provider of Floating Production, Storage and Offloading (FPSO) Turret Designs to the oil and gas industry, today announced that they have been awarded a contract by Sembcorp Marine’s subsidiary Jurong Shipyard of Singapore, to supply an external turret mooring system for the Libra field’s Extended Well Test (EWT) FPSO vessel.

The Libra oil field is a large, ultra-deepwater (up to 2,500 metres) oil prospect located in the Santos Basin, about 230 kilometres off the coast of Rio de Janeiro, Brazil, north of Tupi field. The oil field estimated to contain recoverable resources ranging between eight billion to 12 billion barrels of oil and is one of the largest deepwater oil accumulations globally.

OOGTK Libra GmbH & Co KG, a joint venture between Brazil’s Odebrecht Oil & Gas and Teekay Offshore, awarded a contract to Jurong Shipyard for conversion of the Navion Norvegia shuttle tanker to form the Libra EWT FPSO. This joint venture company will own and operate the FPSO, chartering it to Petrobras for twelve years, excluding options.

LMC’s scope of supply includes engineering, procurement and construction (EPC) of the complete external turret. LMC will also design the mooring lines, analyse the risers and provide engineering support for integration of the turret and swivel stack onto the FPSO at Jurong Shipyard.

“With a twenty year history as a proven supplier of advanced turret mooring systems, this project is a great opportunity for LMC to strengthen its position and move into the challenging deep water market of Brazil,” commented Tim Wood, Managing Director of London Marine Consultants. “We are very excited about this opportunity to work with Jurong Shipyard, One Subsea, OOGTK and Petrobras on this very important project.”

Engineering and project management are currently underway in the Group’s London office, with turret fabrication planned at TRIYARDS in Vietnam, another subsidiary of Ezra Holdings. Under a sub-contract from LMC, OneSubsea will manufacture an advanced swivel stack in Norway, with six swivels, including two high pressure (550 bar) gas injection swivels, in time for integration of the complete turret onto the FPSO in 1Q2016.

ABOUT THE COMPANY www.londonmarine.co.uk/

London Marine Consultants (LMC) specialise in the engineering design and provision of mooring systems for FPSOs, FSRUs and FSOs including External Turrets, Internal Turrets, Disconnectable Turrets and Spread Mooring Systems. Other work includes Field Development Studies, Bid Evaluation, Third Party Reviews and the provision of CALM Buoys.

Ezra's operating brand, EMAS, is a leading global contracting group providing offshore/subsea construction, marine, production and well intervention services. With offices across six continents, it delivers best-value solutions to the oil and gas (O&G) industry by combining its global footprint and proven engineering skills with a diverse offering of premium assets and services designed to fully meet clients’ needs.

Contacts

LONDON MARINE CONSULTANTS LIMITED
MR TIM WOOD, +44 (0) 20 7621 0050
Fax: +44 (0) 20 7220 7730
lmc@londonmarine.co.uk

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