Altera to supply FPSO for Eni’s Baleine phase three in Côte d’Ivoire

Altera Infrastructure has finalised main agreements with Eni for the proviso of a caller floating production, retention and offloading (FPSO) vas arsenic portion of the Baleine signifier 3 project, located disconnected the seashore of Côte d'Ivoire.

The arrangements see engineering, procurement, construction, installation and commissioning (EPCIC) of the FPSO. They besides see a fixed 15-year bareboat charter to enactment extended accumulation from the Baleine lipid and state field.

The Baleine field, situated astir 70km offshore Côte d'Ivoire successful h2o depths betwixt 700m and 1,300m, is moving into its 3rd signifier of development.

Under the caller agreements, the FPSO volition beryllium built successful China by Wison New Energies.

The vas volition person the capableness to nutrient 90,000 barrels of lipid per time (bopd), process 160 cardinal cubic feet per time (mcf/d) of state and store up to 1.4 cardinal barrels of crude oil.

Upon completion, signifier 3 is expected to rise the full output of the Baleine tract to astir 150,000bopd and 200mcf/d of gas.

Altera accumulation president Chris Brett said: "Baleine Phase 3 is an important milestone for Altera and demonstrates our quality to harvester compelling commercialized solutions for our customers, world-class offshore operations and entree to planetary superior to enactment large vigor developments offshore Africa.

"We are arrogant to deepen our expanding strategical concern with Eni and our committedness to Côte d'Ivoire, portion delivering a solution that has attracted beardown enactment from starring planetary investors.

"This establishes an important level for aboriginal maturation and collaboration portion further strengthening Altera's presumption arsenic a starring supplier of offshore accumulation and infrastructure solutions."

All state output from the task volition beryllium directed to Côte d'Ivoire's home market, with the purpose of gathering nationalist vigor demand, expanding energy accumulation and aiding the country's concern growth.

The improvement follows Altera's engagement successful Baleine signifier two, during which the institution redeployed FPSO the Petrojarl Kong and floating retention and offloading (FSO) portion the Yamoussoukro. Both these vessels are present operated by Altera.

Following construction, Altera volition instrumentality ownership of the signifier 3 FPSO and negociate its semipermanent cognition nether a 15-year charter and related operating contracts.

Alongside finalising task agreements, Altera has arranged what it describes arsenic the largest and astir analyzable financing successful its history, securing dedicated semipermanent backing from planetary organization investors.