Addax Terminates Contract For BW’s Sendje Berge

Addax Petroleum announced termination of its contract in early May with BW Offshore Ltd. for the FPSO Sendje Berge operating offshore Nigeria, with demobilization ordered by Nov. 6.

BW received an arbitration award of $61.8 million in March in connection with a claim against Addax for payment of outstanding day rates for the use of Sendje Berge based in the Okwori field. The arbitration tribunal’s decision went entirely in BW’s favor and found that Addax would not be allowed to deduct from future hire payments.

BW said it will continue to pursue the arbitration award for all outstanding claims against Addax. The company said it has received $18.7 million so far.

Ichthys LNG Project Celebrates CPF Sail Away

ichthys_cfp_schedule_0.jpg: The INPEX-operated Ichthys LNG Project’s CPF sailed away from its construction site in Geoje, South Korea, en route to the Ichthys Field offshore Western Australia. (Source: INPEX)

INPEX Corp. said that Ichthys Explorer, the INPEX-operated Ichthys LNG Project’s central processing facility (CPF), sailed away from its construction site in Geoje, South Korea, en route to the Ichthys Field offshore Western Australia, following the completion of shipyard commissioning and preparation work.

The Ichthys Explorer will be towed to the Ichthys Field over a period of about one-and-a-half months, after which it is scheduled to undergo hookup. The facility will then separate and process the produce lifted from subsea production wells into gases and liquids over 40 years of continuous operation.

The Ichthys Venturer, the project’s FPSO facility, also is scheduled to be towed to the Ichthys Field and undergo hookup. INPEX and its partners will continue to proceed with construction work on the onshore natural gas liquefaction plant outside of Darwin in the Northern Territory of Australia.

Following the arrival of the CPF and the FPSO unit, installation and commissioning work will be undertaken and production from wellheads will commence. Thereafter, the Ichthys LNG Project will, during the current fiscal year (ending March 31, 2018), begin production of condensate, LNG and liquefied petroleum gas in sequence and then ship these products.

—Staff Reports

Offshore