I Case Studies

Crondall Energy has supported BP on the Quad 204 development since 2012, providing technical support and technical assurance.

Crondall Energy perfomed FEED verification of whole subsea system of the Fortuna development, offshore Equatorial Guinea.

Lender’s technical consultant, completing technical due diligence in advance of finance closing.

Crondall Energy supported Cobalt International Energy in planning and Tendering for an FPSO on the Cameia development.

Global Coordinator’s Technical Adviser, completing technical due diligence for a bond refinancing of the FPSO.

Lender’s technical consultant, completing technical due diligence in advance of finance closing. Monitoring of project progress during delivery phase with regular written reports to the Lender to support drawdowns.

More in-depth progress reports at key project milestones such as sail-away from conversion yard and final acceptance.

Site visits to Chinese conversion yard, Brazilian integration yard and offshore at final acceptance with reports to Lenders.

Lender’s technical consultant, completing technical due diligence in advance of finance closing.

Attending the vessel within the R&LE and topside integration yards, both located within Shanghai, China and reporting to Lenders on progress.

Vessel visit and detailed project review, prior to sail-away.

Guarantee release review.

Lender’s technical advisor, completing technical due diligence in advance of finance closing.

Inspecting the vessel both in China and Singapore during the execution phase and reporting to Lenders on progress.

Vessel visit and detailed project review prior to sail-away.

Guarantee release review carried out as a desktop exercise.

Crondall Energy also supported Lenders during a subsequent Islamic loan refinance and through 2019 Crondall Energy carried out detailed reviews of the vessel’s reliability and operational performance to support Lenders in a further refinancing.

Crondall Energy has supported Tullow Oil since the early stages of planning the Jubilee development.

Lender’s technical advisor, completing technical due diligence in advance of finance closing. Monitoring of project progress during delivery phase with regular written reports to the Lender to support drawdowns. This included pre-sail-away report prior to mobilisation to the field, and the Final Acceptance Due Diligence Report.

Lender’s technical consultant, completing technical due diligence in advance of finance closing.

Lender’s technical consultant, completing technical due diligence in advance of finance closing. Monitoring of project progress (monthly and Quarterly Reports) during delivery phase with regular written reports (monthly and quarterly) to the Lender to support drawdowns.