Floating production contractors are queuing up for a tilt at two separate vessels required on Kangean Energy Indonesia's (KEI) delayed development of the Kangean oil and gas block off East Java, Indonesia.
KEI has been in the market for more than a year for a small floating production, storage and offloading vessel for oil and in recent weeks has indicated it also wants an FPSO for gas. KEI comprises Indonesia's Energi Mega Persada (EMP) with 50% interest and Japanese companies Mitsubishi and Japex, which farmed into the block last year. For the marginal oil project, several FPSO companies have been waiting on the KEI group to make up its mind about its floater requirements, and clarity is now emerging. It is understood a small FPSO is needed with storage capacity for about 300,000 barrels of oil. A lease contract of two to three years is on the table, with Modec, BW Offshore, Sea Production and Songa Floating Production (formerly Nortechs) among the bidders.
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