Yme, Deep Panuke offshore production projects still delayed

Offshore staff

MONACO – SBM Offshore says it is taking action to improve productivity on the delayed Yme field development offshore Norway.

Although the MOPUstor jackup production platform is on location, commissioning and start-up is taking longer than expected. Bad weather is partly to blame, the company says, and there has also been an increase in offshore work scope.

SBM is working to reach an agreement with operator Talisman Energy on the optimal path to completion of the platform and first production. Dialogue is constructive, and the required resources are being made available.

However, following a reassessment of the work volumes offshore, productivity levels, and potential recovery from ongoing arbitration proceedings, SBM has determined that substantial additional cost and time will be required to complete the project.

SBM’s delivery of the Deep Panuke platform to EnCana offshore Nova Scotia has also been delayed due to low productivity and additional work on certain systems, again requiring further cost provisions. First gas now looks likely in summer 2012.

The first Yme arbitration case has been concluded in favour of the client; further legal proceedings continue on both projects.

3/2/2012

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...