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Baku Shipyard secures major BP contract for Shah Deniz

BAKU, Azerbaijan -- Baku Shipyard has secured a contract worth $378 mn from BP Exploration (Shah Deniz), the operator of the Shah Deniz gas field development, to design and build a subsea construction vessel (SCV).

When completed, the SCV will be deployed for the Stage 2 development of the Shah Deniz field, which lies some 70 km offshore in the Azerbaijan sector of the Caspian Sea.

The Shah Deniz Stage 2 project requires a subsea installation vessel to install the subsea structures over 11 years between 2017 and 2027.

The vessel will include dynamic positioning to allow for work in 2.5 m significant wave height (Hs), a 750 mt main crane for 600 m deep subsea operation, an 18-men two-bell diving system, two work-class remotely operated vehicles, a strengthened moon pool, two engine rooms with 6x4.4MW + 2x3.2MW engines and a deadweight of 5,000 mt at 6.5 m draft.

The SCV will be designed by Marine Technology Development, the ship design and development arm of Keppel Offshore & Marine (Keppel O&M). The vessel is expected to be completed in April 2017.

Mr Rovnag Abdullayev, President of State Oil Company of Azerbaijan Republic (SOCAR), said, "We are very privileged that BP Exploration (Shah Deniz) has chosen Baku Shipyard to design and build the SCV which will support the Shah Deniz gas field Stage 2 development."

Mr Gordon Birrell, BP' s Regional President for Azerbaijan, Georgia and Turkey, commented, "We are pleased to begin cooperation with yet another major local service company to advance the executional phase of the giant Shah Deniz Stage 2 development project. This new flagship vessel for the Caspian, to be built by Baku Shipyard, will provide essential support for the construction of the Stage 2 subsea structures which will form the biggest subsea production system in the Caspian. Clearly, the contract underpins our plans to deploy for the first time new advanced subsea production technology in the Caspian as part of the Shah Deniz Stage 2 development."

The SCV is the first major contract secured by Baku Shipyard since its inauguration by President of Azerbaijan, H.E. Ilham Aliyev, in September 2013. The shipbuilding yard was jointly developed by SOCAR, Azerbaijan Investment Company (AIC) and Keppel O&M. SOCAR, AIC and Keppel O&M own 65%, 25% and 10% shares in the yard, respectively.

04/23/2014

 

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