Saturday, January 26, 2008

Thailand's Bualuang platform up and running

Filed from Singapore 1/25/2008 5:46:26 AM GMT

THAILAND: EOC Ltd.'s first heavy-lift accommodation and pipelaying barge, Lewek Champion, has completed the installation of Greenfields International Oil and Gas' (GFI) platform in the Bualuang field located in the Gulf of Thailand. The entire installation project took about two months to complete, with DP-2 enabled Lewek Champion first arriving in the field in December of last year. The project was completed within schedule and to specification.

GFI is now ready to begin development drilling of six wells using ENSCO International jackup ENSCO 51 now that the jacket, topsides, pipelines and floating production, storage and offloading vessel (FPSO) moorings have been safely installed. First oil from Bualuang field is expected to flow in late March, with the arrival of FPSO Rubicon Vantage scheduled for February. The Bualuang field holds in excess of 19 million barrels of proved and probable reserves of medium gravity oil (26 degree API) in depths of about 3,800 feet (1,158 m) in shallow waters of 210 feet (64 m).

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