Barakah to Decommission Chinguetti and Banda Fields

Barakah to Decommission Chinguetti and Banda Fields

Malaysia’s Barakah Offshore Petroleum’s wholly-owned subsidiary, PBJV Group, received a Letter of Award from Samling Resources for the abandonment and decommissioning of Chinguetti and Banda fields, offshore Mauritania, Subsea World News reported.

The contract will cover the provision of well intervention vessel (WIV), platform supply vessel, and all necessary parts, spares, repairs, refurbishments and modifications to the WIV and all coordination, technical support and supervisory works, the Edge Markets informed.

The value of the contract for PBJV is based on its work scope and is estimated at $14.2m.

According to the company, the contract is expected to start in June 2017. The project involves temporary plugging of 15 wells.

The Chinguetti field is located approximately 80 km west of the coastline and approximately 90 km from the Mauritanian capital, Nouakchott, while Banda field is located around 20 km east of the Chinguetti oil field.

Barakah stated that the contract is expected to contribute positively towards the group’s earnings and net assets per share for the duration of the contract.


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