EPC Offshore Wins Hurricane Field Contract

(Press Release)
Monday, March 19, 2012
Chief executive officer Keith Wallace
Project management contractor EPC Offshore has won a major contract to select the optimum concept for the development of Hurricane’s  Lancaster Field, one of the most significant oil discoveries in the West of Shetlands in recent years.
Hurricane has a 100 per cent holding in the field and has a CPR (competent person’s report) indicating 2C Contingent Resources of over 200 mmbbl of recoverable oil.
The year-long contract, worth approximately £2 million, is one of the largest projects the Aberdeen-based contractor has secured to date. Their first contract in the south-east of England, it will see EPC establish a dedicated team of specialists south of the border.
EPC will employ their project management led approach to concept selection, ensuring rigorous review of all options and selection of the optimum development scheme and associated contracting strategy for Lancaster. 
Chief executive officer Keith Wallace said: “This is a fantastic opportunity for us. We conducted work for Hurricane during the early stages of field appraisal so we are delighted  to have been chosen to select the optimum concept for developing this dynamic project.”
“It will involve an integrated approach with our Aberdeen office supporting a newly created development team of engineers and technical specialists  based within Hurricane’s office in Surrey.”
The Lancaster development is situated West of Shetland, with drilling at a water depth of around 155 metres. The first phase of the project is expected to run until the end of the year with FEED Engineering commencing in 2013.
“This is a very important project for us. We have a proven track record for delivering on major developments through our work on the Stella and Rochelle fields and this new partnership with Hurricane really cements our position as the people who turn opportunities into assets,” added Mr Wallace.
“As we continue to grow and increase our portfolio, we are achieving some of our key strategic initiatives such as an increased market presence and increased service delivery for our clients.”
Keith Kirby, Hurricane’s chief communications officer, said: “We are delighted to be working with the EPC team. Their professionalism and expertise is invaluable in the development planning for Lancaster. It’s great to see them integrating into our Eashing office so quickly and working so closely with us. This is an important element in Hurricane’s development strategy.”
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

MHIA Relocates to Houston

Today Mitsubishi Heavy Industries America, Inc. (MHIA), a Group company overseeing the business of Mitsubishi Heavy Industries, Ltd. (MHI) in North America, commenced

Pan Ocean on Recovery Path

S. Korea’s Pan Ocean Co.  is expected to see its earnings improve amid rising Baltic Dry Index (BDI) that affects spot contracts accounting for more than half

Offshore Casualty: Harkand Group Collapses

As the prolonged slump in energy prices continues to drag on a number of oil and gas and maritime players, word has it that Harkand Group has succumbed, according to staff reports and a report on www.

Offshore

BSEE, USCG on Sharing Information, Jt Ops

Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno and U.S. Coast Guard Rear Admiral Paul Thomas participated in a luncheon panel discussion

MOL Launches Coastal LNG Transport in Indonesia

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today teamed up with a local partner in Indonesia, PT Pelindo Energi Logistik (PEL; President

Ensco Lost 2 Petrobras Contracts

Ensco Plc has concluded discussions with Petrobras regarding revised commercial terms with respect to some rig contracts.   Ensco 6003 and Ensco 6004 had their contracts terminated effective May 1,

People in the News

Navy to Christen Littoral Combat Ship Manchester

The Navy will christen its newest Independence-variant littoral combat ship, USS Manchester (LCS 14), during a 10 a.m. CST ceremony Saturday, May 7 in Mobile, Alabama.

BSEE, USCG on Sharing Information, Jt Ops

Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno and U.S. Coast Guard Rear Admiral Paul Thomas participated in a luncheon panel discussion

Gazprom Wins Green Development – Evolution Awards

Gazprom was announced the winner of the All-Russian Green Development – Evolution Awards 2016 in the Best Green Tech Solution category. The award was presented

 
 
Maritime Contracts Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1056 sec (9 req/sec)