MFDevCo Enters Collaboration with Marnavi Offshore

Laxman Pai
Sunday, January 27, 2019

London-listed Nu-Oil and Gas' 50%-owned joint venture, Marginal Field Development Company (MFDevCo), has entered into a strategic collaboration agreement with Marnavi Offshore, including its subsidiary Next Geosolutions.

Marnavi was joining MFDevCo as it established strategic collaborations with companies that had the “key capabilities, experience and market position” required to maximise and deliver opportunities being pursued as part of its gas-to-wire initiative for the cost-effective development of marginal gas fields.

MFDevCo would also seek to collaborate with further large engineering companies to participate in providing an integrated gas-to-wire initiative.

In particular, MFDevCo is finalising agreements with companies with experience of operating gas fields and providers of power generation, compression, electrical and automation systems and expects to be able to confirm such collaborations in due course.

Marnavi Offshore are the operators of a fleet of vessels, for a privately-owned shipping company established in 1910 that provides services in chemical and foodstuff transportation as well as to the offshore and environmental industries.

Under the terms of the collaboration agreement, Marnavi will provide information and support to MFDevCo as required to secure gas to wire projects identified in return for an exclusive first option (right of first refusal) to provide certain equipment and services to those MFDevCo projects, on terms acceptable to both parties.

The initial term of the agreement is two years but both parties are viewing this as the basis for a long-term working relationship with benefits that will increase as working practices are cemented and efficiencies increased going forward.  

Categories: Marine Power Offshore Energy Contract

Related Stories

Fugro Names Annabelle Vos Director for Middle East & India

CNOOC Kicks Off Production from Bohai Bay Field

India Opts Out of Buying Gas from Russia's Sanctioned Arctic LNG 2 Project

TotalEnergies Signs LNG Supply Deal with South Korea’s HD Hyundai Chemical

Korea's Hanhwa Sets Out Plan for Full Takeover of Singapore's Dyna-Mac

LNG Carriers Line Up At Malaysia's Bintulu Complex After Maintenance

A Look Inside the East Asia & Pacific Offshore Wind Markets

China’s First Offshore Wind Power SOVs Delivered

Woodside and Taiwan’s CPC Ink Long-Term LNG Supply Deal

Solar, Wind Uptake to Reach 5.4 TWac from 2024 to 2033, Says Wood Mackenzie

Current News

Valeura Energy Consolidates Thai Oil and Gas Assets

TotalEnergies Inks 15-Year LNG Supply Deal with China’s Sinopec

Shelf Drilling Secures $200M Contract Extensions with Chevron for Thailand Ops

Floating Wind and the Taming of Subsea Spaghetti

Impending Shortage of Jackups within Ageing Asia Pacific Fleet

Equinor Tries Again for a Japan Offshore Wind Lease

Yinson Production Concludes Minority Stake Sale in FPSO Anna Nery

Sunda Energy Pushes Back Chuditch-2 Appraisal Well Drilling Date

CNOOC Starts Production at Another Oil Field in South China Sea

ABS Takes Charge of Digital Twin Project for Petrobras’ FPSOs

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com