Bluewater to Provide Water Injection Facilities Onboard Haewene Brim FPSO for Shell operated Pierce field in the North Sea.Energy Editors/Business Editors HOOFDDORP, Netherlands--(BUSINESS WIRE)--Sept. 3, 2003 Enterprise Oil PLC has awarded Pierce Production Company (PPC See Pocket PC, PowerPC and pay-per-click. PPC - PowerPC ) a contract to provide water injection facilities onboard Bluewater owned and operated Haewene Brim FPSO FPSO Floating Production Storage and Off-loading (shipping & oil industry) FPSO Foster Parent Society of Ontario FPSO Fleet Publication Supply Office . Pierce Production Company is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Bluewater Energy Services B.V. Enterprise Oil PLC is a wholly owned subsidiary of Shell Resources PLC (SR), a unit of Royal Dutch Shell Royal Dutch Shell plc is a multinational oil company of British and Dutch origins. It is one of the largest private sector energy corporations in the world, and one of the six "supermajors" (vertically integrated private sector oil exploration, natural gas, and petroleum product Group. The Haewene Brim FPSO has been producing on the Shell UK operated Pierce field since February 1999 and currently exports some 30,000 bopd via shuttle tankers. Bluewater will also be responsible for project management activities on Shell's behalf. Main components of the water injection unit are the deaerator tower, pumps and filter units. The Capital expenditure for this project is estimated at around 50 million GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. . The FPSO is scheduled to come off station in the 3rd quarter of 2004 while water injection facilities are installed at a shipyard in Western Europe. The shipyard contract is expected to be awarded in the fourth quarter of 2003. Modifications to the FPSO are expected to take about seven weeks. The Haewene Brim will be back on the Pierce field with the water injection facilities operational late in the 3rd quarter of 2004. New water injection facilities will be capable of handling 95,000 barrels of injected water per day. "Bluewater is pleased to be able to supply these water injection facilities to the FPSO Haewene Brim. The addition of water injection capability helps to maintain field pressure and optimise oil recovery, thus extending the economic life of the Pierce field and for the Haewene Brim." stated Ruud Zoon See Zune. , Vice President of Floating Production, Bluewater Energy Services B.V. Bluewater Energy Services B.V., a member of the Bluewater Group of Companies, has built a technological lead specialising in lease and operation of tanker-based Production and Storage systems, and has become a leading provider of innovative Single Point Mooring MOORING, mar. law. The act of arriving of a ship or vessel at a particular port, and there being anchored or otherwise fastened to the shore. 2. Policies of insurance frequently contain a provision that the ship is insured from one place to another, "and till systems. Bluewater operates worldwide with offices in The Netherlands, United Kingdom, United States, Nigeria, Angola, South Africa, Singapore and China. |
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