Key points
- The subsea slurry lift pump (SSLP) will pump high-grade slurry from the base of the riser to a production support vessel floating about 1,600 metres above at Solwara 1 in the Bismarck Sea, Papua New Guinea.
- The SSLP contract was first awarded to GE Oil & Gas in June 2008 but was suspended later that year due to the global financial crisis.
- Nautilus earlier secured a mining lease from the PNG government, which elected to take a 30-per-cent interest in Solwara 1, and announced a strategic partnership with Harren & Partner to supply the production support vessel.
- GE Oil & Gas will build the SSLP using its Hydril pressure control subsea pumping technology, according to CEO Steve Rogers.
Nautilus Minerals Inc. is taking another step forward in the construction of its seafloor production system, proceeding with an order for the subsea slurry lift pump (SSLP).
The SSLP will pump high-grade slurry from the bottom of the riser, at Nautilus’s proposed Solwara 1 project in the Bismarck Sea of Papua New Guinea (PNG), to a production support vessel (PSV) floating approximately 1,600 metres above. It is a key piece of equipment in Nautilus’s plan to produce commercial quantities of copper, gold and other metals from the deep ocean.
The contract for the SSLP was first awarded to GE Oil & Gas in June, 2008, but was suspended later that year due to the global financial crisis. With the improvement in economic conditions, and recent major advances in the Solwara 1 project, Nautilus has reinstated the contract.
Nautilus announced earlier this year that it had secured a mining lease from the PNG government, which also had elected to contribute funds to take up a 30-per-cent interest in the Solwara 1 project. That was followed by the announcement of a strategic partnership with German shipping company Harren & Partner to provide the PSV.
“We are now taking a number of steps to move the Solwara 1 project forward pending final sanction of the project by the Nautilus board of directors,” said Nautilus chief executive officer Steve Rogers. “By lifting the suspension, we are securing this critical component and ensuring that we meet our project timelines,” he said.
GE Oil & Gas is a world leader in advanced technology equipment and services for all segments of the oil and gas industry, from drilling and production, LNG, pipelines and storage to industrial power generation, refining and petrochemicals. GE Oil & Gas also provides pipeline integrity solutions, including inspection and data management, and designs and manufactures wire-line and drilling measurement solutions for the oil field services segment. GE Oil & Gas exploits technological innovation from other GE businesses, such as aviation and health care, to continuously improve oil and gas industry performance and productivity. GE Oil & Gas employs more than 16,000 people worldwide and operates in over 100 countries. GE was awarded the contract to build the SSLP using its Hydril pressure control subsea pumping technology.
