HURRICANE Energy has stated it’s on observe to begin manufacturing from the large Lancaster area West of Shetland subsequent 12 months with work on the manufacturing services progressing properly.
Five months after Hurricane offered a lift for the hard-pressed North Sea oil and fuel trade by approving plans for the $500m (£360m) Lancaster growth, the corporate stated it had handed a key mission milestone.
Surrey-based Hurricane stated exams of the mooring system that can be utilized by the floating manufacturing storage and offloading vessel on the sphere had been accomplished efficiently every week forward of schedule in Dubai.
The FPSO is predicted to depart Dubai on schedule within the third quarter following the completion of renovation and improve work.
Chief govt Robert Trice stated he was delighted with the outcomes of the trial, which concerned testing the connection between the FPSO and a buoy that can kind a part of the mooring system.
“With different operations persevering with as deliberate, we stay on schedule for goal first oil in H1 2019,” stated Mr Trice.
Hurricane’s progress can be adopted carefully within the North Sea. Its exploration success West of Shetland has fuelled hopes there could possibly be a surge of drilling exercise in what stays a comparatively under-explored space.
Hurricane expects to pump 19,000 barrels per day from an early manufacturing system on Lancaster, which it thinks may pave the way in which to a a lot greater growth.
It reckons the Lancaster licence could comprise greater than 500 million barrels oil.
Separately, Aberdeen-based oil and fuel properly engineering specialist Plexus Holdings stated it has made progress in the important thing Russian goal.
The firm has struck a £1.4m deal to promote two wellheads to a Russian associate, LLC Gusar, which has a licence to hire out its jack-up wellhead tools to be used in exploration within the nation.
Following the current sale of its jack-up wellhead exploration tools and companies enterprise to FMC Technologies for as much as £42.5m, Plexus retained the suitable to pursue enterprise in Russia underneath the licence.
Chief govt Ben van Bilderbeek stated the broader Russian area was a central space of focus for Plexus.
He famous: “The sale of those two wellhead units is a key step in direction of Gusar securing a landmark first rental order from an area Russian fuel operator.”
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