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Petroleum

Halliburton's Brown & Root Energy Services Selected for Massive Offshore Oil and Gas Facility Development in Nigeria

Strategic Insights

— 1 min read

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has awarded a $300 million contract to Brown & Root Energy Services (BRES), a business unit of Halliburton Company, to develop the first major offshore oil and gas facility in Nigeria. The project, valued at approximately $300 million, including options, is a 33-month engineering, procurement, installation and commissioning (EPIC) lump sum contract. As part of the project, BRES will also fabricate one of the largest floating production, storage and offloading (FPSO) vessels built in the last five years.

Key Takeaways:

  • The contract is valued at approximately $300 million, including options, and is a 33-month EPIC lump sum contract.
  • The project involves the development of the first major offshore oil and gas facility in Nigeria for SPDC.
  • BRES will fabricate one of the largest FPSO vessels built in the last five years as part of the project.
  • The upfront engineering, project management, and procurement for the project will be completed in BRES' Leatherhead, England office.
  • The vessel hull will be completed under a separate contract in Korea.
  • Topsides modules will be fabricated at a nominated fabrication site in the Middle East or Far East.
  • The pre-assembled modules will be installed on the vessel, fully integrated with all existing hull systems, and commissioned as fully as possible prior to tow to Nigeria.
  • A soft yoke mooring platform (SYMP) will be provided by Single Buoy Moorings (SBM) on an EPC sub-contract basis.
  • The FPSO will be towed from the topsides fabrication and integration site to Nigeria and moored to the SYMP, ready for final commissioning and start-up.

Statistics:

  • Contract value: approximately $300 million
  • Contract duration: 33 months
  • Project scope: engineering, procurement, installation, and commissioning (EPIC) lump sum contract
  • FPSO vessel size: one of the largest built in the last five years

Sources:

  • PR Newswire, "Brown & Root Energy Services Selected by Shell Petroleum Development Company of Nigeria Limited for Major Offshore Oil and Gas Facility Development Project" (April 17)
  • Halliburton Company website: http://www.halliburton.com

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