The vessel will have a processing capacity of 63,000 b/d and storage for 620,000 bbl of oil.
Van Gough is expected to begin producing about 40,000 b/d of 20 oil in 2009. The converted vessel will be linked to two subsea drilling centers having 10 production wells, two water injection wells, and one gas injection well.
Apache has a 52.5% interest in the field and is operator. Inpex of Japan has the remaining 47.5%.
The two companies will pay a total of $40 million plus operating expenses for a 7-year lease with the option of either acquiring the vessel or extending the lease contract for a further 8 years.
The oil will be marketed in
A similar heavy oil development in the nearby
This development comprises Pyrenees, Ravensworth, Crosby, Stickle,
PIN/OGJ.COM
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