Bluewater Energy Services B.V., a member of the Bluewater group of companies, has received a Letter of Award from ENI JPDA 06-105 Pty Ltd (Australia) (ENI) for the Chartering, Operation and Maintenance of the upgraded FPSO "Glas Dowr" complete with mooring system, including provision of logistics and ancillary services.

This Letter of Award remains subject to ENI obtaining approval for the contract from its co-venturers and from the East Timor government.35%; and Talisman Resources Pty Ltd holds the remaining 25%.

The contract has a minimum term of 5 years after start of production and can be extended up to 10 years.

The Kitan field is situated in the Joint Petroleum Development Area (JPDA), approximately 170 km south of the Timor-Leste coast and 500 km north of the Australian coast, and is located in around 344m of water depth. Kitan is located in the permit 06-105 of the JPDA, an area jointly administered by Timor-Leste and Australia. ENI serves as the operator of the field and holds a 40% working interest; Inpex Timor Sea Ltd holds 35%; and Talisman Resources Pty Ltd holds the remaining 25%.

Tags: Bluewater Energy Services, Eni Norge AS