Maersk Decom wins first “end-to-end” decommissioning contract
PRESS RELEASE – Maersk Decom has won its first complete end-to-end plugging and abandonment decommissioning contract since the joint venture was established in 2018. The contract was awarded by Tullow Oil and concerns the Banda and Tiof fields off the coast of Mauritania.
Maersk Decom will carry out the entire project management, engineering and planning of the plugging and abandoning seven legacy exploration & appraisal wells, as well as the removal and disposal of subsea equipment. The company will provide all personnel, assets and equipment required for the project, including a drilling unit and offshore support vessels.
“We believe bundled projects and campaigns are the way of the future for the industry. As a dedicated decommissioning company, we are proud to have been able to achieve this milestone together with Tullow”, comments Lars Banke, CEO of Maersk Decom.
The Banda and Tiof fields are located 53 and 84 kilometres respectively off the coast of Mauritania in 1200-metre water depth. Part of the project team will be based locally in A.P. Moller – Maersk’s Nouakchott office, while the rest of the onshore team will support from Maersk Decom’s headquarters in Lyngby, Denmark.
Planning and engineering begin immediately. A site survey is planned for Q2 and offshore execution is expected to commence early 2021.
Maersk Decom is a 50:50 joint venture between Maersk Drilling and Maersk Supply Service, created in April 2018.
Fuel prices take a massive nosedive
Fuel prices have taken a massive nosedive since the beginning of the year with low sulphur fuel prices in Singapore dropping from USD 734 per tonne on January 1st to USD 415 per tonne today. The price drop comes at a good time as the transport and logistics industry is struggling with low demand as… Read more ›
Zeamarine closes offices in Denmark
Zeamarine is closing its operations in Denmark. The Danish subsidiary has filed for bankruptcy resulting in the closure of two offices and 23 employees being sent home, confirms local liquidator Hafnia Law. The German breakbulk carrier has two offices in Denmark, one in Naevsted and one in Aarhus, but both offices have now been closed… Read more ›
Manager loses contact with general cargo vessel after pirate attack
Chinese vessel manager Tianjin Xinhai International Ship Management has lost contact with its general cargo vessel Huanghai Glory after the vessel sent a piracy alert using its Ship Security Alert System (SSAS). An unknown number of pirates are believed to have boarded the vessel, which is currently drifting off the coast of Nigeria. The vessel’s… Read more ›