Baku Shipyard LLC (Baku Shipyard) has secured a contract worth US$378 million from BP Exploration (Shah Deniz) Ltd, 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 kilometres 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
metres significant wave height (Hs), a 750 metric tonne-main crane for
600 metres-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
metric tonnes at 6.5 metres 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. We believe
that Baku Shipyard, under the management of leading global offshore and
marine group Keppel O&M, is well placed to support Azerbaijan's
growth in the oil and gas sector, and we look forward to building up our
track record with more significant contract wins in the years ahead."
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.
"I am also pleased to say that the contract we have signed today is
among the 12 major contract awards for the Shah Deniz Stage 2 and South
Caucasus Pipeline expansion projects which we have awarded since we
announced the final investment decision lin December 2013. These
contract awards are part of the overall tremendous progress being made
across multiple areas of this major development project which underpin
our efforts to deliver first gas in late 2018. The Shah Deniz
partnership remains committed to maximising the use of local resources
in delivering this important gas development project. It is a
world-class project that can only be delivered through close cooperation
among BP and Shah Deniz partners including SOCAR and Azerbaijan's local
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% share in the yard respectively.
The 62-ha yard is capable of undertaking the construction of a wide
range of specialised vessels and merchant ships including subsea
vessels, anchor handling tug/supply vessels and multi-purpose offshore
support vessels such as platform supply vessels, as well as tankers and
cargo vessels. The yard also has ship repair and conversion
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