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| Bluewater FPSO GLAS DOWR on ENI’s Kitan Field |
26/1/2010 |
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HOOFDDORP, the Netherlands (January 25th, 2010) - Bluewater Energy Services B.V., a member of the Bluewater group of companies, has received a Letter of Award from ENI JPDA 06-105 Pty Ltd (Australia) (ENI) for the Chartering, Operation and Maintenance of the upgraded FPSO "Glas Dowr" complete with mooring system, including provision of logistics and ancillary services. |
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This Letter of Award remains subject to ENI obtaining approval for the contract from its co-venturers and from the East Timor government.35%; and Talisman Resources Pty Ltd holds the remaining 25%.
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The contract has a minimum term of 5 years after start of production and can be extended up to 10 years. |
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The Kitan field is situated in the Joint Petroleum Development Area (JPDA), approximately 170 km south of the Timor-Leste coast and 500 km north of the Australian coast, and is located in around 344m of water depth. Kitan is located in the permit 06-105 of the JPDA, an area jointly administered by Timor-Leste and Australia. ENI serves as the operator of the field and holds a 40% working interest; Inpex Timor Sea Ltd holds 35%; and Talisman Resources Pty Ltd holds the remaining 25%. |
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