In 2015, APS was awarded two contracts with PETRONAS for the rehabilitation of various subsea crude oil gathering and high pressure gas and condensate lines, totaling a combined value of over US$150 million. The proposed scope of work surround the company’s 6, 8 and 10 in. subsea lines, varying between 700 and 3500 m in length. The projects commenced with four pipelines being rehabilitated with the InField Liner® (IFL) system during the spring and summer of this year.
In December 2016, PETRONAS recognised APS Malaysia’s project execution team for its successful IFL installation campaign during an official award ceremony.
With the installation of the IFL system, the service life of each pipeline was extended by a minimum of 30 years. PETRONAS confirmed that the IFL system had saved the company in excess of US$100 million since its first installations in September 2013.
Under the same two contracts, further IFL installations are planned for 2017 and 2018. Moreover, more contract awards are expected to be forthcoming in early 2017 for execution in the following years.
Robert Walters, APS Group Chairman, commented: “In the current low oil price environment, operators around the world seek to optimise production from existing assets, with a focus on innovative, cost-effective technologies like IFL that are capable of delaying asset replacement and extending asset life.”
Read the article online at: https://www.worldpipelines.com/contracts-and-tenders/12122016/aps-recognised-by-petronas/