Allseas Hooks $180M Pipeline Installation Job Offshore Philippines

Tuesday, September 10, 2024

Prime Energy Resources Development, a subsidiary of Prime Infrastructure Capital, has awarded a $180 million contract to Allseas for the installation of essential pipeline and umbilical infrastructure as part of Malampaya Life Extension Project.

Prime Energy Resources Development, leading the Service Contract 38 (SC38) consortium, officially finalized a critical $180 million contract with Allseas during a signing ceremony in Manila.

The event marks the formalization of a pivotal agreement for the Malampaya life extension initiative, Project Sinagtala, underscoring a significant advancement in the Philippines’ energy security strategy.

The finalized contract entrusts Allseas with the installation of essential pipeline and umbilical infrastructure, connecting two new wells to the Malampaya Shallow Water Platform.

These wells are scheduled to commence gas delivery by 2026, ensuring a continuous supply of indigenous natural gas that will power millions of homes and businesses across Luzon.

"Today's signing ceremony highlights the strong partnership between Prime Energy, as a service contractor, and the Philippine government, particularly with the Department of Energy, as we finalize this crucial contract to advance Project Sinagtala and strengthen the nation's energy security.

“With this agreement in place, we are ready to deliver a vital new source of gas that will support the Philippines for years to come,” said Donnabel Kuizon Cruz, Prime Energy CEO.

The Malampaya deepwater gas-to-power project, located 50 kilometers offshore Northwest Palawan, began commercial operations in January 2002 and has contributed over $12 billion in revenues to the Philippine government while powering up to 20% of Luzon’s electricity requirement.

Categories: Subsea Pipelines Industry News Activity Asia Oil and Gas

Related Stories

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

CNOOC Puts Into Production New Oil Field in South China Sea

Borr Drilling Bags Three New Assignments for its Jack-Up Drilling Rigs

Fire at Petronas Gas Pipeline in Malaysia Sends 63 to Hospital

Japan and South Korea Look to Partner Up with US for Alaska Pipeline

Valeura Wraps Up Infill Drilling Campaign in Gulf of Thailand

Marine Masters Secures Wellhead Platforms Installation Job Off India

US Operator Finds Oil Offshore Vietnam

Current News

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

The Future of Long-Idle Drillships: Cold-Stacked or Dead-Stacked?

TMC Books Compressors Orders for FPSO and LNG Vessels

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

EnQuest Bags Two Production Sharing Contracts off Indonesia

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

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