{"id":3809,"date":"2015-09-13T21:40:33","date_gmt":"2015-09-13T21:40:33","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=3809"},"modified":"2015-09-13T22:09:14","modified_gmt":"2015-09-13T22:09:14","slug":"inchcape-shipping-awarded-logistics-contract-paragon-offshore-tanzania","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/inchcape-shipping-awarded-logistics-contract-paragon-offshore-tanzania\/","title":{"rendered":"Inchcape Shipping Awarded logistics contract by Paragon Offshore in Tanzania"},"content":{"rendered":"

Inchcape Shipping Services (ISS) has announced it has been appointed by Paragon Offshore, Houston, as marine and logistic services provider for a new drilling campaign off the Songo Songo Islands, Tanzania – the first new commercial drilling project<\/a> in Tanzania in a number of years.<\/p>\n

ISS will be providing a range of services for Paragon Offshore including full husbandry, crew logistics, visa assistance and arranging marine and air charters.<\/p>\n

A leading provider of standard specification offshore drilling services, Paragon Offshore is deploying jack-up rig M826<\/a> on the nine month campaign for PanAfrican Energy Tanzania – the country\u2019s first natural gas producer.<\/p>\n

M826 arrived at the field on board semi-submersible vessel, OHT Falcon, to be floated off and pinned to the drilling location.<\/p>\n

During the campaign, M826 will clear actively producing wells to enhance output and will drill several new wells in the same field.<\/p>\n

According to ISS Tanzania General Manager TS Mahesh the appointment is a boost in the company\u2019s plans to continue its growth.<\/p>\n

\u201cWe are delighted by our first appointment by Paragon Offshore in East Africa. The opportunity to support this drilling campaign takes ISS to the next level in the oil and gas support service sector in Tanzania and boosts our future growth plans,\u201d said Mahesh.<\/p>\n

Through its operating subsidiary, PanAfrican Energy Tanzania Limited received an investment of $60 million by IFC currently contemplated as a subordinated, income participating loan with flexible repayment terms and a maximum tenor of approximately 10 years.<\/p>\n

According to PanAfrican Energy the contract awarded in late August carries a minimum duration of 90 days and a minimum financial commitment of US$21 million excluding withholding tax.<\/p>\n

The Company\u2019s commitments under the drilling contract are not subject to completion of the IFC financing or funding of such financing.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Inchcape Shipping Services (ISS) has announced it has been appointed by Paragon Offshore, Houston, as marine and logistic services provider for a new drilling campaign off the Songo Songo Islands, … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":3810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[1116,3605,3318,2884,3604,2366],"class_list":["post-3809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-inchcape-shipping-services","tag-jack-up-rig-m826","tag-orca-exploration","tag-panafrican-energy-tanzania-limited","tag-paragon-offshore","tag-songo-songo-gas-field","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/09\/Paragon-Offshore-jack-up-rig-M826.jpg?fit=356%2C213&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-Zr","jetpack-related-posts":[{"id":3077,"url":"https:\/\/www.oilnewskenya.com\/index.php\/orca-exploration-receives-60-million-financing-songo-songo-development-programme\/","url_meta":{"origin":3809,"position":0},"title":"Orca Exploration Receives $60 million financing for the Songo Songo development programme","author":"","date":"June 16, 2015","format":false,"excerpt":"Orca Exploration has announced that it is proceeding with the first phase of the Songo Songo development programme following World Bank board approval of the International Finance Corporation financing. 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According to Orca Exploration the proceeds of the Loan will be\u2026","rel":"","context":"In \"International Finance Corporation\"","block_context":{"text":"International Finance Corporation","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/international-finance-corporation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/09\/Paragon-Offshore-jack-up-rig-M826.jpg?fit=356%2C213&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2635,"url":"https:\/\/www.oilnewskenya.com\/index.php\/orca-considering-first-phase-offshore-development-tanzania\/","url_meta":{"origin":3809,"position":2},"title":"Orca considering first phase of offshore development in Tanzania","author":"","date":"February 26, 2015","format":false,"excerpt":"Orca exploration has said it is contemplating a first phase of offshore development consisting of working over two existing wells (SS-5 and SS-9) that are currently suspended in order to fill the existing Songas infrastructure to capacity and provide operational redundancy. This follows under-utilization of the existing infrastructure with the\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/02\/Songo-Songo-Orca-exploration.png?fit=302%2C417&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4386,"url":"https:\/\/www.oilnewskenya.com\/index.php\/orca-exploration-completes-offshore-workover-drilling-program-phase-at-songo-songo\/","url_meta":{"origin":3809,"position":3},"title":"Orca Exploration completes offshore workover & drilling program phase at Songo Songo","author":"","date":"February 22, 2016","format":false,"excerpt":"Orca Exploration Group Inc announces the successful completion of its offshore workover and drilling program and the release of the Paragon M826 mobile drilling workover rig from the Songo Songo Main Field. 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Heading the team and to be based in Nairobi is Riaan Blom who takes\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/01\/inchshape.png?fit=327%2C218&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":330,"url":"https:\/\/www.oilnewskenya.com\/index.php\/factfile-songo-songo-gas-development-and-power-generation-project-tanzania\/","url_meta":{"origin":3809,"position":5},"title":"Factfile: Songo Songo Gas Development and Power-Generation Project, Tanzania","author":"Samuel Kamau Mbote","date":"January 6, 2014","format":false,"excerpt":"The Songo Songo gas field is located on and offshore Songo Songo island, about 15km from the Tanzanian mainland and 200km south of the commercial capital, Dar es Salaam. 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