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LPG Carrier – OBERON

Wreck Removal Case Study

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Company Overview

• Established in 1983 & Independently owned by Joseph Farrell Jr.

• Offices Locations - USA - U.K.

- Singapore - Shanghai - Mumbai

• Major Owned Assets include Tugs / Barges • Current Projects • Maritime Academy

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Project Overview

• LPG Carrier loaded with 1,000mt of Butene-1 • Two Phase Project

– Cargo Recovery – Wreck Removal

• Project Goals / Timeline • Logistics • Methodology • Challenges Faced and solutions developed

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• Fully pressurized LPG Tanker w/ 2 independent cargo tanks • Heavily aground resting on rocks • Located 7 miles from Peng-Hu Island - territorial waters of

Taiwan • Exposed location subject to weather / sea swells • Cargo consists of appx 1000mt of Butene-1 split evenly

between the two tanks • Access to wreck very difficult for crafts with any significant

draft

The Situation

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Project Goals

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Planning / Logistics

• Site Assessment • Contingencies Planning • Pollution Prevention • Equipment Needed • Disposal

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Planning / Logistics

• Weather downtime • Safety • Local Contractors • Regulatory Authorities • Disposal

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Phase 1 – Cargo Removal

• Ad-hoc STS transfer system – Jack up barge used as bridge

• Constant pressure monitoring • Inerting of Tanks

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Phase II – Wreck Removal

• 3 barges utilized • Cut up into 10-25t pieces placed on deck barge and transported to mainland • Very tidal dependent • Floating of the cargo tanks • Total of 1894mt removed

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Contracting / Costing

• BIMCO Wreckstage contract • Three options for pricing requested

– Removal of cargo and inerting of tanks – Removal and disposal of wreck only – Removal and disposal of wreck including all cargo

• Weather clause • Creative use of local resources

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Risks / Obstacles

• Typhoon Season!!! • Remote Location • Dangerous lightering operations

• Extreme tidal conditions • Finding daughter vessel

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Questions?

THANK YOU!!!