Potentially 6 bidders for BARDEGG 2-Baronia CPP - Upstream has reported today that there are potentially six bidders for the over US$1.5bil (RM5bil) turnkey engineering, procurement, construction, installation and commissioning (EPCIC) central processing platform (CPP) of the integrated Bardegg 2 and Baronia enhanced oil recovery (EOR) project off Sarawak. - As expected, Malaysia Marine Heavy Engineering Holdings (MMHE) has teamed up for this tender with Technip of France, which has a equity stake of 8% in MMHE; they are joint-developers of key past projects and are set to battle it out for the first contract on offer from Petronas Carigali this year. - Likewise, TH Heavy Engineering (THHE) has partnered with McDermott, which has a 30% stake in THHE’s Pulau Indah fabrication yard while THHE has a 30% stake in its heavy-lift derrick lay barge DB30. - SapuraKencana is speculated to be partnering Daewoo Shipbuilding & Marine Engineering or Hyundai Heavy Industries to enhance its chances of success. But Upstream had earlier indicated that Daewoo and Hyundai Heavy Industries may be bidding by themselves without any partnership. A sixth bid was put forward by China’s Offshore Oil Engineering Company and the UK-listed Petrofac. - Samsung Heavy Industries, Sembcorp Marine, and Abu Dhabi’s National Petroleum Construction Company have withdrawn from the tender due to project scheduling and currency exchange issues. Hence, the deadline for the bid submissions has been slightly postponed to later this month. - Petronas initially cast a wide net by inviting at least 11 local and regional yard operators to tender for the EPCIC of the CPP which will be bridge-linked to the existing Baronia gas compression platform. The contest had earlier attracted interest from 6 solo or joint contenders. - The CPP for the Bardegg 2 and Baronia EOR project comes with 13,000 tonnes of topsides and an eight-legged 6,800-tonne jacket. The CPP contract, which is expected to be awarded in mid-2014, involves delivery by early 2017. - The overall development also includes 2 wellhead platforms for the Baronia and Tukau Timur fields. The EPCIC contract, valued at US$100mil, for the pair of wellhead platforms are being tendered out regionally and could attract 9 bids from licensed Petronas fabricators and PetroVietnam Technical Services Corp. First gas from the integrated project is targeted for October 2017.
Posted on: Sat, 11 Oct 2014 12:46:39 +0000
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