Source: IOG

Subsea 7 has secured a contract from Independent Oil and Gas (IOG) for the Blythe and Vulcan satellites area growth within the UK Southern North Sea.

The SURF contract follows the latest approval of the Phase 1 Field Development Plan by the UK Oil and Gas Authority.

It contains 35 kilometres of flowlines between the Southwark, Blythe and Elgood fields, subsea buildings, an umbilical, and related tie-ins.

IOG made progress with Subsea 7 previous to remaining contract award beneath a letter of restricted dedication.

This ensured all workstreams have commenced and continued on schedule since FID in 2019 in anticipation of the FDP approval.

The 24-inch (Southwark) and 12-inch (Blythe) line pipe have been manufactured and transported to the UK.

Project administration and detailed engineering has additionally commenced at Subsea 7’s workplace in Aberdeen.

Offshore actions ought to begin within the second half of 2020.

The contract is between $ 50 million and $ 150 million.

IOG is 50 per cent proprietor and operator of three fields within the UK sector of the Southern North Sea, which collectively will type Phase 1 of IOG’s Core Development.

CalEnergy Resources holds the remaining 50 per cent pursuits.

First gasoline from the event ought to stream in July 2021.

The publish Subsea 7 nets IOG North Sea SURF appeared first on Offshore Energy.

Read more at Source link


Please enter your comment!
Please enter your name here