RE:Wiley weasel musingsLOL!! Ha, Ferret you do make me laugh.
"then throw in the essentially and approximately, which from POFS managements track record could actually mean 1 to 2 years if one can rely on past performance" . It's funny because it's essentially true. When they get the POFS-1 on site it will have been a full five years since Petrofac was contracted to refurbish the AH001. And thank god it was a refurbish and not a new build, otherwise we'd probably be witnessing the Second Coming/Rapture and that hitherto dead dog would no doubt come back to life and wonder why the F** K he had a sharp stick shoved up his a $$ and what kind of Sick F*&-K would engage in such horseplay. Until, of course, he checked his portfolio and realized that the F**KING POFS-1 was still in Gdansk. I mean these guys couldn't sh &* in their own pants if they were given a deadline. From the article below, the original sail away date was Q3 2013. God help us.
https://offshore.no/sak/57356_petrofac_looks_for_fpf_1_conversion_yard
Offshore.no/International Petrofac looks for FPF 1 conversion yard
Published 06.12.2011 12.01
John Bradbury | | |
Petrofac is currently looking for suitable shipyards to convert the FPF1 floating production facility so that it is refitted and ready for redeployment at the UK Stella field development. Petrofac’s FPF 1 is currently located in the UK Able yard on Teesside awaiting awaiting a decision on a major refit before redeployment for Ithaca Energy’s Stella development, where it is due to be deployed by 2014. .
Asked about the condition of the production unit, which was formerly known as the AH001 and deployed on the Hess-operatedRenee/Rubie fields fields, a spokesman for Petrofac told Offshore.no/International: “It will require modification and upgrades for the new assignment.”
“It will be [carried out by the] Offshore and Energy Operations business: They will undertake a conversation of FPF1 and it will cover the hull and production topsides that will be converted to ensure it is suitable for a 15-year production life in the North Sea.”
Petrofac’s source said: “Petrofac is shortly to execute a FEED to determine a suitable yard for appropriate modifications.”
But conversion of the FPF1 is to take less than 24 months so that the facility is ready for redeployment at the Stella field in the fourth quarter 2013, Petrofac’s spokesman has indicated.
In October operator Ithaca Energy confirmed the selection of Petrofac as a turnkey contractor to supply a floating production facility for the Stella area development, based on using the FPF1.
Petrofac is being given the right to earn up to 20% equity in the project, including the Stella and Harrier fields, and transfer of interest in the Hurricane and Helios prospects, while the other Stella partners were granted ownership interests in the FPF 1, creating, as Ithaca said at the time, a “… fully integrated partnership for the GSA [Greater Stella Area] hub and the ability to increase the recovery of hydrocarbons from the fields.”
Ithaca is due to submit a development plan for the Stella area development to the UK’s Department of Energy and Climate Change by the end of this year.