Hurricane in Subsea Pact with Technip, FMC for North Sea Project
Wednesday 12 October 2016
Hurricane Energy said it has picked Technip and FMC Technologies as its provider of subsea solutions for it North Sea Lancaster project.
The firm said under the alliance the companies will work together on the Lancaster Early Production System.
An approach has been created to enhance the economics of the proposed development and will focus 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 the first half of 2017.
Dr Robert Trice, Hurricane’s chief executive, said: “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.”