Page 16 - EurOil Week 33

EurOil PROJECTS & COMPANIES EurOil

Golar provides update

on FSRU for LNG Croatia

CROATIA LNG player Golar Energy last week provided an and adjusted earnings of $67.2mn.
update on its Viking floating storage and regasifi- Viking has a capacity of 140,000 cubic metres
cation unit (FSRU) conversion project. Speaking and will be able to regasify 300,000 cubic metres
on the company’s August 13 earnings call, Golar’s per hour of natural gas, equivalent to 2.6bn cubic
CEO, Iain Ross, said the vessel was due to depart metres per year. This is in line with the technical
from China to Europe in late September. capacity of Croatia’s gas transmission system.
The FSRU will be delivered to LNG Croatia, The ship will join Golar’s FSRU fleet, which
which will maintain and operate it over a 10-year consists of four newbuilds and four other ves-
period. Delivery is scheduled by the end of the sels converted to storage and regasification from
year, which Ross said was in line with the original LNG carriers.
plan for the vessel. LNG Croatia is developing a floating LNG
The conversion of the Viking LNG carrier to (FLNG) terminal located on Krk Island in a bid
use as an FSRU is progressing in a challenging to diversify European gas supply and enhance
operating environment. Ross said the project the continent’s energy security. The company
team and contractors were “working hard to has previously said it would complete onshore
mitigate any COVID-related challenges”. work on the terminal by November, with the
In Golar’s earnings release, Ross said the facility scheduled to enter service on January 1,
company had been insulated against LNG 2021.
price volatility “to a large extent” thanks to its In June, LNG Croatia announced that all
integrated business model. Golar posted sec- available capacity at the terminal had been
ond-quarter operating revenues of $102.2mn booked for a period of three years.™

Allseas reports on North

Sea platform removals

NORTH SEA THIS week, offshore contractor Allseas equating to over 200mn boe over a period of 25
announced that it had completed the removal years.
of processing and accommodation topsides and The Pioneering Spirit, which Allseas says is
flare jackets as part of the Tyra redevelopment the world’s largest offshore construction vessel,
project for Total in the Danish North Sea. is due return to Tyra to remove the Tyra West
Allseas’ Pioneering Spirit heavy-lift vessel jacket in 2021 and Tyra East jacket in 2022. In
removed more than 27,000 tonnes of platform the meantime, Allseas is preparing to remove the
facilities from the Tyra gas field, located around Ninian North platform, which is located around
Allseas says the 225 km off the coast of Esbjerg, over a two-week 100 miles (161 km) north-east of the Shetland
Pioneering Spirit is the period. The structures are being transported to Islands in the UK North Sea. This will be the final
world’s largest offshore specialist yards in Denmark and the Netherlands job of the year for the Pioneering Spirit, which
construction vessel. for recycling. also extracted Royal Dutch Shell’s Brent Alpha
“Thanks to the vessel’s unique motion-com- installation from the UK’s Brent field last month.
pensated topsides lift system, it is a case of move Allseas was contracted for the removal of the
in, lift and move out,” Allseas’ project manager 12,500-tonne topsides and partial eight-legged
Pieter Smit said earlier in August. steel jacket at Ninian North, which has been
A new platform will be installed at Tyra, in service since 1978, by Canadian Natural
which produces around 90% of Denmark’s gas Resources International (CNR International).
output, by 2022. Following completion, the The platform will be taken to Dales Voe in Shet-
new platform is expected to deliver roughly land for recycling by a joint venture comprising
60,000 barrels of oil equivalent per day (boepd), Veolia and Peterson.™

P16 www. NEWSBASE .com Week 33 20•August•2020