United Arab Emirates-based oil services player Lamprell said today it has won $55.1 million in new contracts from Saipem and Single Buoy Moorings (SBM).
Lamprell said it has been awarded a $30.3 million fabrication contract by Italy's Saipem to build six topside process modules for the Gimboa floating production, storage and offloading vessel for the Gimboa field off Angola.
In addition to the main contract, which is scheduled for delivery in August, there is an $8.7 million option for the fabrication of the piperack.
When completed, the Gimboa FPSO will have an oil storage capacity of 1.8 million barrels and a production capacity of 60,000 barrels per day.
Lamprell also said it has been awarded a $24.8 million fabrication contract under a framework agreement with SBM to build the topside process modules and the turntable/manifold structure for the Frade FPSO off Brazil. The project is scheduled for completion in November.
The FPSO, moored by an internal turret accommodating 33 risers, will be fitted with topside process modules for the production of 100,000 barrels of oil, the treatment and compression of 106 million standard cubic feet of gas per day and the treatment and injection of 150,000 barrels of water per day.
Meanwhile, Lamprell said it expected its net profit for 2006 to be more than current market expectations.
© Upstream 2007
