Page 23 - AsianOil Week 42

AsianOil NEWS IN BRIEF AsianOil

OCEANIA

Cooper issues reserves
correction

Cooper Energy advises of corrections to
its reporting of undeveloped crude oil and
condensate reserves announced 31 August
2020 and reported separately on page 16 of the
2020 Annual Report to Shareholders lodged
with the ASX 12 October 2020.
The correction has no impact on total 2P
(Proved & Probable) Reserves which have
been reported correctly as 49.9 million boe.
The error is corrected in the table
Bureau Veritas gives MOL names Yamal LNG below and in the Annual Report to
Shareholders which is available from the
Mitsubishi’ LNG fuel system carrier company’s website. An amended pdf of
the 2020 Annual Report accompanies this
green light Mitsui O.S.K. Lines (MOL) today announced announcement.
that on 20 October, a naming ceremony for
The amendment involved correction of
Mitsubishi Shipbuilding, a part of Mitsubishi a LNG carrier, jointly ordered by MOL and undeveloped Proved and Probable oil and
Heavy Industries (MHI) Group, was granted China COSCO Shipping Corporation Limited condensate reserves from 6.6 MMbbl to
Approval in Principle (AIP) from the French (China COSCO Shipping), was held at 0.3 MMbbl and a consequential change to
Classification Society, Bureau Veritas (BV), Hudong-Zhonghua Shipbuilding. the total Proved and Probable Reserves of
for a liquefied natural gas (LNG) fuel gas The vessel is the last of four newbuilding oil and condensate from 6.9 MMbbl to 1.6
supply system (FGSS) for marine four-stroke conventional LNG Carriers for the Yamal MMbbl.
dual fuel engines. The certificate of AIP was LNG Project announced at the end of June COOPER ENERGY, October 21, 2020
presented today at Mitsubishi Shipbuilding’s 2017, and was named “LNG MEGREZ”
headquarters in Yokohama. after a star in the constellation Ursa Major. Mobil unveils premium fuel
The FGSS comprises an LNG fuel tank, MOL has been operating 14 LNG
gas supply unit, control systems and other carriers built in China for other projects, tank in Fiji
relevant equipment. The FGSS to which the and LNG PHECDA will become the
AIP was granted this time was developed 15th LNG carrier built there to join our Mobil Oil (Fiji) (Mobil) has successfully
mainly to be installed on coastal ferries and fleet. For the construction of the four commissioned its largest petrol tank at the
small to mid-sized cargo ships, based on not newbuilding conventional LNG Carriers Suva Terminal, Fiji.
only experience and knowledge obtained for the Yamal LNG Project, MOL assigned The tank stores premium unleaded
through shipbuilding of LNG carriers technical experts to Hudong to form a petrol, helping Mobil to meet growing
for many years but also technologies and shipbuilding supervision team made up demand for premium fuels.
know-how accumulated by development of approximately 40 members. For the Mobil Oil (Fiji) Country Manager,
of FGSS products for large ships. The small first three vessels, MOL accomplished Mr Adi Tamara, said that despite many
size vacuum-insulated type tanks to be their construction either earlier or by the challenges including Cyclone Harold and
applied for the system have a double shell original schedule. the COVID19 pandemic, the Mobil team
structure that ensures high heat insulation Although the COVID-19 pandemic has were focused on safely and efficiently
and also allows the external cylinder of been taking place during the construction preparing the tank to support the reliable
the tank to be at normal temperature, of LNG MEGREZ, she is expected to be supply of fuel to Fiji.
which consequently simplifies the support delivered from the shipyard in a timely “Despite all of the challenges of 2020,
structure of the tank and reduces the manner as originally planned, despite our team worked hard to refurbish an
workload for the installation work. Further, the safety measures which have had to existing tank at our Suva terminal so that it
the Tank Connection Space is also designed be taken to mitigate the dangers of the could supply more of the premium fuel our
to save space while giving consideration to pandemic. customers are demanding,” said Mr Tamara.
realize easy operation and less maintenance. With these carriers, MOL will continue The Mobil team has put in place strict
Mitsubishi Shipbuilding delivered its to work assiduously to provide a safe and measures in response to the COVID19
FGSS in 2019 to be installed on Japan’s stable LNG transportation service from pandemic so that its people and workplaces
first LNG-fueled car carrier, currently the Yamal LNG plant. MOL will continue remain safe.
being built at Shin Kurushima Toyohashi to be proactive in acquiring new projects, “Mobil has an important role to play in
Shipbuilding Co., Ltd., and has one utilizing its strong working relationship supplying essential energy to Fiji and I am so
more order for the ship currently under with China COSCO Shipping and proud that our team has remained focused
construction. Those large tanks with Hudong, and leveraging its knowledge and on working safely throughout the pandemic,
insulation coatings are designed to be the experience in international cooperative so that we can maintain our reliable supply of
best fit for the installation in large vessels. works. fuel to our customers,” said Tamara.
MITSUBISHI SHIPBUILDING, October 19, 2020 MOL, October 21, 2020 EXXONMOBIL, October 21, 2020

Week 42 22•October•2020 www. NEWSBASE .com P23