Conoco Belanak contract awardedNews // September 7, 2001
Conoco Indonesia Inc Ltd awarded the work under its production sharingcontract with Pertamina, the Indonesian state oil and gas company.
The FPSO will be located in Conoco-operated South Natuna Sea Block B in Indonesian waters, approximately 200km northeast of Singapore.
The EPCI contract, valued at just under US$600 million, will take three years to complete from contract signing to first production in late 2004.
The Belanak FPSO project will involve the construction of one of the most complex processing systems ever installed offshore, and is a significant milestone for the Indonesian upstream sector.
It will be the first offshore liquefied petroleum gas (LPG) facility on a floating vessel in the Asia Pacific region and is expected to produce 7,800 SBPD butane (C4) and 14,700 SBPD propane (C3).
The topsides facilities of the new build spread-moored FPSO, weighing over 15,000 tonnes, will process approximately 100,000 barrels per day of totalhydrocarbon liquids, including cryogenic processing for the production andexport of the LPG products, and up to 350 million standard cubic feet of gasper day.
The hull will have a storage capacity of one million barrels of oil.
Living quarters will be constructed and positioned at the aft of the vesselto accommodate 120 personnel.