EXMAR Receives License Fee for OPTI Design from LLOG Exploration

EXMAR Marine NV received payment of a license fee on 3 December for the design of the OPTI-11000® semisubmersible hull design which has been customized for LLOG’s Delta House floating production unit (FPU) to be installed in the Gulf of Mexico in 2014.

The OPTI® is a proprietary semisubmersible design developed by EXMAR Offshore Company, Houston that achieves optimized motions through deeper draft and a patented ring pontoon design.

The OPTI-11000® will be fabricated at the offshore yard of Hyundai Heavy Industries (HHI) where EXMAR will perform supervision services on behalf of LLOG. Upon completion, the hull will be transported to the Kiewit Offshore Services Yard in Ingleside, Texas for integration with the topsides. The completed Delta House FPU will be installed on Mississippi Canyon Block 254.

The Delta House project represents the second OPTI® for EXMAR following the OPTI-EX® which was ordered by EXMAR and subsequently sold to LLOG in 2011 for their Who Dat Field in Mississippi Canyon. The Delta House hull is an increase of approximately 50% greater than the OPTI-EX® hull.

EXMAR CEO Nicolas Saverys said “EXMAR is pleased to be working once again with LLOG. The Delta House has been ordered nearly one year to the day that Who Dat achieved initial production and we could not have asked for a better endorsement of the OPTI® design. EXMAR looks forward to managing the construction of the hull at HHI.”

[mappress]

EXMAR, December 6, 2012