Project Profile
Value: US$300 million
Location: Block 16/05, China
Start-up Year: 2012
Oil Reserves: 30 million bbl
Lufeng 7-2 and Lufeng 7-1 are situated in Block 16/05, also known as the Pearl project. The Lufeng pair contains at least 30 million barrels of recoverable reserves. The phase one production is expected to start up in late 2012. Development facilities include an FPSO, a platform and pipelines.
Operators:
Newfield Exploration: Operator 49% interest
China National Offshore Oil Corporation (CNOOC): 51% interest
Contractors:
The following companies are bidding for Pre-FEED and basic design for FPSO:
Sevan Marine ASA
Bluewater Energy Services BV
Modec Inc.
InterMoor: Permanent mooring work included project management, engineering, procurement and installation for a new buoy turret mooring system. The scope of work also included temporary replacement of the buoy turret mooring system in LF 13-1 field to accept the interim Nanhai Kai Tuo FSOU.
Offshore Installation Services (OIS): Contract to assisst InterMoor by providing project management support and offshore personnel
2H Offshore|: Contract to assisst InterMoor by providing riser installation engineering
Aquatic: Contract to assisst InterMoor by providing additional offshore personnel and equipment for deploying the flexible riser
China Offshore Oil Engineering Co. Ltd.: Main installation contractor