Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Contract Signed For Next Phase Of Tui Oil Field Decommissioning

The Ministry of Business, Innovation and Employment (MBIE) has entered into an agreement with Shelf Subsea Services Pte Ltd for the removal of the subsea infrastructure from the Tui Oil Field (Phase 2 of the Tui decommissioning process).

Shelf Subsea is headquartered in Perth, Western Australia with regional offices in Singapore, Malaysia, Indonesia and the Middle East.

Shelf Subsea was awarded the contract after a competitive procurement process to select a supplier that met MBIE’s objectives of a robust technical solution, flexibility in timing, competitive pricing for the work, and a commitment to working with iwi and local stakeholders.

“Shelf Subsea has a proven track record in successfully fulfilling contracts of this type and MBIE’s Tui Project team is looking forward to working with them to advance this next phase of the decommissioning,” said Tui Project director Lloyd Williams.

“Shelf Subsea’s proposed boat, the Southern Star, is a state-of-the-art vessel and will carry the specialised equipment required to complete the work safely and efficiently.”

MBIE has submitted an application for marine consents with the Environmental Protection Authority (EPA) for the removal of the subsea infrastructure and the plugging, and abandoning, of eight wells. An Independent Board of Inquiry is considering MBIE’s application.

Subject to EPA granting the marine consents, it is anticipated the work will be carried out in the summer of 2021/22 or alternatively in the summer of 2022/23.

The first phase of the decommissioning of the Tui Oil Field, the disconnection and demobilisation of the FPSO Umuroa, was completed in May 2021. The final stage of the decommissioning process will be the plugging and abandonment of the wells in the field, expected to occur from late 2022.

Background
MBIE, on behalf of the Crown, is responsible for the decommissioning of the Tui Oil Field after the liquidation and receivership of Tamarind Taranaki Ltd. The Crown is committed to ensuring the field is decommissioned safely in accordance with the law and good industry practice.

A dedicated Tui Project team, within MBIE’s Energy and Resource Markets branch, is planning the decommissioning of the Tui Oil Field.

Details of the Tui Project can be found here.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Stats: Auckland’s Population Falls For The First Time
In the wake of the COVID-19 pandemic, New Zealand’s population growth slowed down with Auckland recording a population decline for the first time ever, Stats NZ said today. “New Zealand saw slowing population growth in all regions... More>>



BusinessNZ: Third Snapshot Report Reveals $9.5 Billion Business Investment In Climate Action

Signatories to the Climate Leaders Coalition have committed to invest $9.5 billion over the next five years to reduce emissions from their businesses, as revealed in their third anniversary snapshot report released today... More>>

Digitl: The home printer market is broken
Printers are more of a security blanket that a serious aid to productivity. Yet for many people they are not optional.
Even if you don’t feel the urge to squirt ink onto dead trees in order to express yourself, others will insist on printed documents... More>>


Retail NZ: Some Good News In COVID Announcements, But Firm Dates Needed

Retail NZ is welcoming news that the Government is increasing financial support for businesses in light of the ongoing COVID-19 lockdown, and that retail will be able to open at all stages of the new “Covid Protection Framework... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>



Reserve Bank: Robust Balance Sheets Yield Faster Economic Recovery

Stronger balance sheets for households, businesses, financial institutions and the government going into the pandemic contributed towards maintaining a sound financial system and yielding a faster economic recovery than following previous deep recessions... More>>