Gulf Oil and Gas accountACCOUNT

Hurricane Selects Technip & FMC as Exclusive Subsea Providers

Source: www.gulfoilandgas.com 10/12/2016, Location: Europe

Share |
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, has provisionally selected Technip and FMC Technologies, under their alliance, as its exclusive provider of subsea solutions for the Lancaster Early Production System (EPS) and for subsequent development of the Greater Lancaster Area.

Technip and FMC Technologies, under their alliance, have developed with Hurricane, an innovative approach to enhance the economics of the proposed development. Key to this approach is focusing on system design optimisation and risk reduction in project execution.

The parties are currently undertaking front end engineering studies, in order to meet Hurricane's stated sanction date of the end of H1 2017.

Dr Robert Trice, Hurricane's CEO, commented:

"I am delighted that we have been able to select such world-class service companies as Technip as our SURF provider and FMC Technologies for our SPS provider. Their combined solution is ideally suited to the development of Lancaster and the Greater Lancaster Area.

Hurricane, Technip and FMC Technologies have worked collaboratively to develop the Lancaster EPS as a fit for purpose concept. This has allowed us to reduce the scope and the cost of the development, and ensure full alignment amongst those driving the project forward.

We believe that the alliance's innovative proposal is an endorsement of the significant potential of Hurricane's fractured basement portfolio West of Shetland. Our collaboration with them is a very important milestone as we look over time to develop the Greater Lancaster Area's full potential, whose full extent we believe is yet to be defined. The initial results from our recent Pilot Well has increased our internal base case resources on Lancaster to in excess of 300 million barrels. Furthermore, it is clear that such collaboration will be pivotal in developing the remaining recoverable reserves not just at Lancaster but on the UK continental shelf as a whole."

Knut Boe, President, North Sea Canada, Technip said:

"Both Technip and FMC Technologies, through the alliance, are delighted to be selected as Hurricane's exclusive SURF / SPS providers and look forward to facilitating the EPS and Greater Lancaster Area development."

Subsea Production News in United Kingdom >>

Austria >>  2/22/2017 - Open interest volume (OIV) increased in January for selected US commodity markets such as agriculture, crude oil, copper, precious metals, agriculture...
Norway >>  2/13/2017 - Statoil awards Simon Mokster Shipping AS contracts for three emergency response and rescue vessels (ERRV), and Havila Shipping ASA for one ERRV. The c...

Norway >>  2/13/2017 - Preliminary data for November shows total European stocks fell by 12.8 mb to stand at 1,125.8 mb, which is 12.2 mb, or 1.1%, below the same time a yea...
Norway >>  2/8/2017 - Aker Solutions was awarded two framework agreements to provide concept and front-end engineering (FEED) services for BP globally. ...

Austria >>  2/6/2017 - Month-on-month (m-o-m), the ORB ended 2016 nearly 20% higher, or up by $8.45, in December to average above $50/b for the first time in a year-and-a-ha...
Austria >>  1/30/2017 - For 2017, demand for OPEC crude is projected to increase by 0.9 mb/d to average 32.1 mb/d. The first and the second quarters are expected to increase ...

Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


United Kingdom Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

More News

 

Oil & Gas Companies in United Kingdom >>


Related Links

Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Privacy Policy.