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Leviathan Contracts for Platform Hull for GOM

Leviathan Contracts for Platform Hull for GOM

Leviathan Gas Pipeline Partners LP contracted with MODEC International LLC for construction of the hull for a floating platform to be used as part of its Sunday Silence field development project in Gulf of Mexico Ewing Bank Blocks 958, 959, 1002 and 1003 in 1,500 feet of water. MODEC International, which is owned by FMC Corp. and Mitsui Engineering & Shipbuilding, was selected by Leviathan after reviewing four competitive bids.

The contract for MODEC's Moses Tension Leg Platform (TLP) is a turnkey contract that includes the design, fabrication and installation of the hull, tendons, pilings and production risers. The hull and tendons will be designed to support a deck and topside facilities weighing up to 6,000 short tons. The platform will be designed to process 25 thousand barrels of oil and 55 MMcf of gas per day and be capable of supporting a workover rig. The TLP will be designed so it can be used at locations other than Sunday Silence in water depths ranging up to 6,000 feet.

"By proceeding during a period of relatively slack conditions in the offshore fabrication industry, we believe Leviathan will be able to realize significant cost savings, further enhancing the commercial viability of our project," said Grant E. Sims, Leviathan CEO.

Leviathan Gas Pipeline Partners is a publicly owned master limited partnership formed to acquire, own and manage offshore pipelines and related assets. El Paso Energy Corp. is the general partner of Leviathan and owns an effective 34.5% economic interest.

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