SERVICE SECTOR / Supply Contract for Terra Nova
EAST COAST COMPANY AWARDED MAJOR CONTRACT WITH TERRA NOVA
ÿÿÿ ST. JOHN'S, May 29 /CNW/ -The Terra Nova Alliance has selected Secunda
Marine Services Ltd., a Canadian-owned marine company to supply two offshore
support vessels to the Terra Nova oil field development.
ÿÿÿ Selection of Secunda followed a tender process that began in December,
1997.ÿ A total of seven Canadian and international companies tendered for the
supply of support vessels to the development.ÿ A detailed assessment of the
tenders submitted concluded that the proposal from Secunda was the best
business solution, meeting commercial and technical requirements and Terra
Nova's commitment to Canada-Newfoundland benefits.ÿ The contract is valued at
approximately C$50 million.
ÿÿÿ Commenting on the selection of Secunda, Jim Rowley, manager of
development services, Terra Nova, said ''This is a significant contract, and
we are pleased it has been awarded to a Canadian company.''ÿ He added,
''Secunda's world-wide experience in the marine support sector of offshore oil
development and exploration coupled with an intimate knowledge of the local
marine environment will be definite assets as it provides supply vessel
service to Terra Nova.''
ÿÿÿ The vessels Trinity Sea and Burin Sea have been contracted for four years
with an option to renew.ÿ They will provide marine support, re-supply, iceberg
management, anchor handling and stand by services. Prior to engagement in
1999, with the commencement of drilling activity at the Terra Nova field, both
vessels will undergo a complete re-build to prepare for operations on the
Grand Banks. The rebuild work will be carried out in Canada.
ÿÿÿ Secunda Marine Services Ltd. was founded in 1983.ÿ With offices in Nova
Scotia and Newfoundland, Secunda operates a diversified fleet of 17 vessels
and employs upward of 500 people.
ÿÿÿ ''We look forward to working with the Terra Nova Alliance to successfully
deliver safe, efficient service during drilling and operations,'' said Keith
Hawley, general manager, of Secunda in Newfoundland.ÿ ''With our experience on
the East Coast, our shipping expertise and our well-trained crews, the
majority of whom are from Newfoundland and the Maritimes, we are confident in
our ability to provide superior service to the development.''
ÿÿÿ The Terra Nova development proponents are: Petro-Canada (operator), Mobil
Oil Canada Properties, Husky Oil Operations Ltd., Norsk Hydro, Murphy Oil
Company Ltd., Mosbacher Operating Ltd. and Chevron Canada Resources.
ÿÿÿ The Terra Nova Alliance, a consortium of companies led by Petro-Canada,
will design, construct and install the FPSO, subsea components and
pre-production wells necessary for the development of the Terra Nova oil
field.ÿ The Alliance consists of:ÿ Petro-Canada, ShawMont Brown and Root,
Halliburton Energy Services, FMC Offshore Canada Ltd., PCL Industrial
Constructors Inc., Coflexip Stena Offshore Newfoundland Ltd. and Doris ConPro
Offshore Ltd.
ÿÿÿ The Terra Nova oil field is located on the Grand Banks 350 kilometres
east-southeast of St. John's, Newfoundland.ÿ Discovered in 1984, Terra Nova is
the second largest field off Canada's East Coast. Estimated reserves are
300-400 million barrels of recoverable oil. The field will be developed using
a floating production facility. Start up and first oil is expected by the end
of the year 2000.
ÿÿÿ -0-ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ 05/29/98
For further information: Media and general inquiries: Mona Rossiter, Terra Nova Development, St. John's, Newfoundland, Canada, (709) 724-2962. Keith Hawley, Secunda Marine Services Ltd., St. John's, Newfoundland, (709) 739-6868 |
