Singapore shipyard group Seatrium has signed a contract with energy supermajor BP for engineering, procurement, construction, and onshore commissioning work for the Kaskida floating production unit set to be deployed in the US Gulf of Mexico.
The Kaskida project is a greenfield development located approximately 400 km southwest of New Orleans, in the Keathley Canyon area of the Gulf of Mexico.
Comprising a single topside module supported by a four-column semi-submersible hull, the Kaskida FPU is supported by subsea production wells located in a water depth of approximately 1,800 meters.
The Kaskida FPU can produce 80,000 barrels of crude oil per day from six wells in the first phase of development.
The topsides for Kaskida will be integrated and lifted to the hull using Seatrium’s Goliath twin cranes with a combined lifting capacity of 30,000 tonnes.
The deal follows the letter of intent for early engineering works awarded in early June. In August, Audubon Engineering was awarded a contract for topside engineering and design of the unit while the Nicolas Saverys-controlled group Exmar won a contract to design and engineer the hull.
Kaskida was discovered back in 2006 and is estimated to hold 4bn barrels of oil. This will be BP’s first new project in the Gulf of Mexico since the Deepwater Horizon disaster.
According to previous statements from BP, which owns 100% of the discovery, the price tag for the development of Kaskida should be between $15bn and $20bn.
