Sweden’s Sandvik sole supplier of Leviathan umbilical tubes
- Business & Finance
Sweden’s Sandvik Materials Technology will be supplying umbilical pipes for one of the largest offshore gas projects in the Mediterranean – the Leviathan.
The company on Tuesday said it won a contract to the sole provider of stainless steel umbilical tubes for the Leviathan gas field, operated by the U.S. company Noble Energy.
According to Sandvik, the order was booked in the first quarter and the value is about 400 million Swedish crowns (around 44 million U.S. dollars) with deliveries scheduled for 2017.
“I am pleased that our strong position and customer offering have resulted in us being selected as the supplier for this large and challenging project”, says Petra Einarsson, President of the Sandvik Materials Technology business area.
The development of the 22 Tcf of gas field was sanctioned in February 2017. The first gas from the field located in the Mediterranean Sea is targeted for the end of 2019. The giant gas deposit was discovered in 2010.
The Leviathan marks Noble’s third major natural gas development offshore Israel. Noble has previously developed the Mari B and Tamar fields.
Leviathan’s initial development will include four subsea wells, each capable of flowing more than 300 million cubic feet per day (MMcfd) of natural gas. Initial Leviathan proved reserve bookings associated with this investment are 3.3 Tcf net (9.4 Tcf gross) and are expected to be recorded in 2017. This translates into approximately 550 million barrels of oil equivalent net, representing an increase of over 35 percent to total company reserves, Noble said in February.
Production will be gathered at the field and delivered via two 73-mile flowlines to a fixed platform, with full processing capabilities, located approximately 6 miles offshore.
The Leviathan platform will have an initial deck weight of 22,000 tons. Processed gas will connect to the Israel Natural Gas Lines Ltd. onshore transportation grid in the northern part of the country and to regional markets via onshore export pipelines. The approved development plan allows for future expansion from its initial 1.2 billion cubic feet per day (Bcfd) capacity to 2.1 Bcfd.
Offshore Energy Today Staff