PM-3 replay in ring for Lundin
Upstream, April 20
By James Tham
Lundin Oil has called for a rematch in a politically fraught tender for the supply of a $120 million floating storage and offloading vessel to be deployed in the PM-3 block in the Malaysia/Vietnam Commercial Arrangement Area.
The re-tender, which closed on 18 April, reopened the field to all original bidders. Lundin had earlier shortlisted only Bumi Armada with Modec, Trenergy with Malaysia Shipyard and Engineering, Aker with Saipem, and Tanker Pacific with FPSO Tech. The other bidders were Single Buoy Moorings, Bluewater, Nortrans and Care Offshore.
Industry sources told Upstream that Tanker and FPSO Tech -- a company founded by former senior Petronas officials -- had emerged as the preferred bidder ahead of Trenergy-MSE and Aker-Saipem, after Bumi-Modec was disqualified over a technicality in its commercial bid.
However, Malaysia's national oil company Petronas, which is also the country's petroleum authority, insisted on a re-bid for the work.
Currently the Bunga Kekwa oilfield in PM-3 is producing around 18,000 barrels per day of oil through an early production scheme involving an unmanned monopod wellhead platform and a leased FPSO.
Phase two, which involves larger platforms and an FSO, seeks to bring onstream the neighbouring finds with targeted production of 40,000 bpd of oil and 250 million cubic feet per day of gas in late 2003.
____________________________
Bunga Kekwa boost for Lundin
Upstream, April 20
Lundin Malaysia, a wholly owned unit of Sweden's Lundin Oil, has boosted oil production from the Bunga Kekwa field off south-west Vietnam by around 30% to 18,000 barrels per day.
This follows a successful production programme that involved the drilling of two new development wells and the workover of four existing wells.
Development wells BK-A8 and BK-A9 tested 5880 bpd and 4375 bpd of oil respectively, according to Lundin. The company is currently drilling the East Bunga Raya-1 exploration well, which will test a large shallow gas prospect and several deeper oil targets. First gas is expected to flow in the third quarter of 2003. |
