Monday, August 19, 2019

Vallianz, Calm Oceans Build Offshore Mobile Platform

August 1, 2019

Image: Vallianz Holdings Limited

Singapore-based offshore service provider Vallianz Holdings has entered into a strategic partnership with the offshore oil and gas company Calm Oceans to construct the first Mono-Column Platform-Lite (MCP-Lite).

The providers of offshore support vessels to the oil and gas industry in the Middle East said that the construction is expected to complete in 9 months.

A brainchild of Brian Chang,  the founder of Calm Oceans, the Mono-Column Platform (MCP) is a multi-purpose and high payload jack-up rig designed to address the challenges relating to marginal fields and early monetisation of oil fields.

Comprising a deck box, 3/4-chord square truss structure (mono-column) and a mat foundation, the MCP is able to operate in oil fields with soft seabeds that pose challenges for conventional jack-up rigs.

The uniqueness of this offshore mobile platform also stems from its flexibility as the MCP can be fitted with modular facilities either individually or in combinations to suit the end-users’ requirements, such as gas-processing,production, accommodation and ancillary support system.

The MCP boasts an impressive operational capability up to depths of 500 feet, and supports up to 5,000 metric tonnes (MT) Variable Deck Load, and a deck space of up to 4,200 m2

Vallianz has been appointed by Calm Oceans to construct one unit of MCP-Lite, which is a lighter version of the MCP that is suitable for fields with shallow water depth of up to 70 meters. The construction will be carried out at the Group’s shipyard in Batam, Indonesia.

The Group expects to deliver the MCP-Lite to Calm Oceans in the first quarter of 2020.

Darren Yeo, Executive Vice Chairman of Vallianz said, "We are honoured that Calm Oceans has selected Vallianz as its strategic partner to work on its MCP-Lite, which will be the first of its kind in the offshore oil and gas industry. Besides requiring a substantially lower capital investment, the MCP-Lite also offers the end-user with a host of cost and operational advantages as compared to conventional jack-up rigs."

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