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Jumbo wins contract with Ithaca for Installation of the Stella FPF-1 mooring system in the North Sea

On Monday 3rd of February 2014, Jumbo signed a Contract with Ithaca Energy for the provision of the FPF-1 Mooring System Installation for the Greater Stella Area Development. Installation of the mooring system will be done by Jumbo's Fairplayer, a state of the art DP2 Heavy Lift Vessel with 2 x 900 MTon revolving deep-water cranes. The offshore installation works are anticipated to commence in June/July 2014.

With last year’s successful mooring installations for Enquest in the Alma/Galia field , Fairplayer’s unique installation method proved again to be the best technical and most cost efficient solution. Manager of Commerce Offshore, Roddy Lafontaine says; “This award is an excellent opportunity to further strengthen Jumbo’s experience in becoming a leading (Deepwater) Mooring Contractor. I would like to sincerely thank Ithaca for the confidence placed in Jumbo and we are very much looking forward to a successful cooperation and completion of the project.

Greater Stella Area Development 
The Ithaca operated Greater Stella Area (“GSA”) is located in Central North Sea, UK Block 29/10a & 30/6a, Central Graben Area. GSA will be developed by drilling subsea wells tied back to a centrally located floating production unit (“FPF-1”) with onward hydrocarbon transportation to nearby existing infrastructure. It is planned for five wells to be drilled on the Stella field. Ithaca’s GSA partners are Dyas  with 25% and Petrofac with 20%. Dyas is a subsidiary of Dutch “SHV” Group.

Ithaca Energy
Ithaca Energy Inc. is an independent  North Sea oil and gas company with operations in the UK and Norway. For further information please consult www.ithacaenergy.com

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