History

2001

2002

Second phase of model testing at Marintek
Conceptual risk analysis for use of the Sevan unit in offshore areas world-wide and analysis of construction risks carried out by DNV

2003

Development of the Sevan technology receives status as a development project by SND (the Norwegian Industrial and Regional Development Fund) and Norsk Forskningsråd (the Research Council of Norway) (Q2)
Patents for the Sevan technology approved for Norway and patent applications in selected countries filed under the PCT (Patent Cooperation Treaty) treaty

2004

Signing of construction contract with Yantai Raffles Shipyard in China for FPSO Sevan Piranema (Q1)
Sevan Marine converted to ASA company (public limited company) (Q2)
Cooperation agreement with Petrobras S.A./CENPES for the purpose of exchanging experience and knowledge on the technology related to the design and construction of mono-column hulls (Q3)
MOU with Petrobras S.A. for the potential use of FPSO Sevan Piranema (Q4)
Listing of Sevan Marine ASA on Oslo Børs (Q4)
Acquisition of 48% of the shares in Kanfa AS (Q4)

2005

Letter of Intent (LOI) with Petrobras S.A. for the use of the FPSO Sevan Piranema on the Piranema field offshore Brazil, under an 11-year charter contract with extension options (Q1)
LOI with Venture Production (North Sea Developments) Limited for the use of the FPSO Sevan Hummingbird on the Chestnut ﬁeld in the central UK North Sea (Q1)
Kanfa AS signs agreement with Bergesen Worldwide Offshore, for the supply of process modules to the KMZ FPSO in the Gulf of Mexico (Q2)
Acquisition of the remaining 52% shares in Kanfa AS (Q2)
Construction contract with Yantai Raffles Shipyard in China for FPSO Sevan Hummingbird (Q3)
Agreement with Yantai Raffles Shipyard for the construction of FPSO Sevan Voyageur (Q3)
Alliance agreement with Venture Production (Q4)

2006

Sevan Drilling established for the purpose of constructing, owning and operating an advanced deep water drilling unit, the Sevan Driller, based on the Sevan technology (Q1)
Agreement with Hantong Shipyard of China for the construction of Sevan 300 no. 4 (Q2)
Six year fixed term contract with Petrobras Americas for the Sevan Driller (Q3)
Kanfa AS receives order from Allan Pte. Ltd, for the supply of process modules to FPSO Knock Allan, operated by Fred. Olsen Production on the Olowi field, offshore Gabon in West Africa (Q4)

2007

FPSO Sevan Piranema temporarily moored in the port of Aratu, Salvador, Brazil, awaiting tow-out to the Piranema field (Q1)
LOI with Oilexco North Sea Ltd for the use of the FPSO Sevan Voyageur on the Shelley field in the central UK North Sea (Q1)
Kanfa Aragon AS established (Q1)
Order for the construction of Sevan 300 no. 5 with Hantong Shipyard (Q1)
EPCI contract with China’s COSCO Shipyard Group for the construction of the Sevan Driller (Q1)
Acquisition of 100% of the shares in Mator AS (Q2)
FPSO Sevan Piranema moored on the Piranema field (Q3)
Kanfa-Tec AS awarded a contract from Dresser Rand AS for the delivery of three Waste Heat Recovery Units offshore Norway and Russia (Q3)
Kanfa Aragon AS awarded contract from Apache North Sea Ltd for delivery of three Gas Dehydration Systems for their Forties Alpha, Charlie and Delta Platforms (Q3)
FPSO Sevan Piranema commences oil production (Q4)
First offloading of oil from the FPSO Sevan Piranema (Q4)
FPSO Sevan Hummingbird installed on the Chestnut field in the central UK North Sea (Q4)

2008

LOI with Eni Norge AS for the Goliat FPSO Design Competition FEED Phase (Q2)
Firm order from India’s Oil and Natural Gas Corporation LTD (`ONGC`) for three year charter hire of an ultra deepwater drilling unit (Sevan Driller III) (Q2)
Contract from Petrobras S.A. for six year charter hire of an ultra deepwater drilling unit (Sevan Driller II) (Q2)
LOIs with COSCO for turnkey contracts comprising construction, equipment procurement and installation, and commissioning of Sevan Driller II and Sevan Driller III (Q2)
Options to build six additional units with COSCO Shipyard Group secured (Q2)
Kanfa Aragon AS awarded an LOI from Samsung Heavy Industries Co., LTD. for the development of liquefied natural gas production topside for the world's first FLNG production vessel (Q3)
FPSO Sevan Hummingbird commences oil production (Q3)
FPSO Sevan Voyageur arrives at the Shelley field (Q4)
Research and development of cryogenic containment system, model testing and theoretical analysis
FLNG development based on the Sevan hull design and Kanfa Aragon liquefaction plant

2009

Kanfa Aragon AS signs firm contract with Samsung Heavy Industries Co., LTD for the development of a liquefied natural gas production topside to the world’s first Floating Liquefied Natural Gas (FLNG) production vessel (Q1)
Client for FPSO Sevan Voyageur, Oilexco North Sea Ltd, set under administration (Q1)
Eni Norge AS selected the Sevan 1000 FPSO as the preferred concept for the floating production platform to be installed on the Goliat field in the Barents Sea (Q1)
Firm contract for the Post FEED Engineering for the Sevan 1000 FPSO for the Goliat field in the Barents Sea (Q1)
Firm contract with Premier Oil and Gas Services Ltd for the continued provision and operation of the FPSO Sevan Voyageur for the development of the Shelley field (Q2)
Firm Technology License agreement with ENI Norge AS for the Sevan 1000 FPSO for the development of the Goliat field in the Barents Sea (Q2)
Revised charter contract for Sevan Driller, transferring the contract from Petrobras Americas Inc. to Petrobras S.A. for operations offshore Brazil instead of US Gulf of Mexico as initially agreed (Q2)
FPSO Sevan Voyageur commences oil production (Q2)

YTD – 2010

Project Services Contract with ENI Norge for the Goliat FPSO (Q1)
Pre-FEED/FEED study contract for the potential application of a Sevan FPSO for the Frøy field development in the Norwegian North Sea for Det norske oljeselskap ASA (Q1)