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Afren Secures Production Vessel For Okoro Setu Project, Offshore Nigeria

Source: www.gulfoilandgas.com 4/17/2007, Location: Africa

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Afren plc and its partner Amni International Petroleum Development Company (“AMNI”) announce the signature of a contract for a Floating Production Storage and Offloading vessel (FPSO) for the Okoro Setu Project, offshore Nigeria.

The Boards of Afren and AMNI are pleased to announce the signature of a contract for an FPSO vessel, the Armada Perkasa, which is the final milestone in ensuring the Company is positioned to commence production from the Okoro Setu Project in early 2008.

The Armada Perkasa is owned and operated by Bumi Armada Berhad, a major FPSO marine operator that is part of the Usaha Tegas group, one of the largest investment groups in Malaysia. The vessel storage capacity is 360,000 barrels with a processing capacity of 27,000 barrels per day. The vessel will be leased to the Okoro Setu project over a fixed 5 year period. The unit will process the total well fluids, producing stabilised crude for storage in the FPSO, with subsequent regular off-take by tanker.

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Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


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