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

People & Company News

Dynasafe Promotes Chas Reid

Dynasafe BACTEC Limited has appointed Chas Reid to International Marine Services Director.   Kevin Kneebone MD, Dynasafe BACTEC said, “Chas has over the last

Amazon Expands Logistics Reach in China

Amazon.com Inc is aggressively expanding its logistics operations in China as part of a broader effort to control the rising cost of shipping billions of packages.

OTC Names 2016 Award Winners

The 2016 Offshore Technology Conference (OTC) will honor this year’s Distinguished Achievement Award recipients on Tuesday, 3 May, in Houston.   As part of the

Offshore

OTC Names 2016 Award Winners

The 2016 Offshore Technology Conference (OTC) will honor this year’s Distinguished Achievement Award recipients on Tuesday, 3 May, in Houston.   As part of the

JFD Wins Lifeboat Design Contract for Flash Tekk

JFD, part of James Fisher and Sons plc, announced that it has won a contract with Singaporean company Flash Tekk Engineering for the design and manufacture of up

Wärtsilä's' BWMS for New Crane Ship Design

A new crane ship designed by Netherlands based Royal IHC, a global leader in offshore, dredging and mining vessels, will feature the Wärtsilä Aquarius UV Ballast Water Management System (BWMS).

People in the News

OTC Names 2016 Award Winners

The 2016 Offshore Technology Conference (OTC) will honor this year’s Distinguished Achievement Award recipients on Tuesday, 3 May, in Houston.   As part of the

ABS' Tikka Elected Foreign Member of NAE

ABS, a provider of classification services to the global marine and offshore industries, announced the election of ABS Europe and Africa Division President Dr.

Great Lakes Shippers Set Top Priorities

North America’s largest mining, manufacturing and agricultural companies have helped identify four top priorities to improve the competitiveness of Great Lakes shipping,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Port Authority Ship Electronics Shipbuilding / Vessel Construction Winch
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: 0.1034 sec (10 req/sec)