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 Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Zamakona, Finnish GS-Hydro Ink Deal

The presentation ceremony of the Finnish multinational leader in water services GS-Hydro, new partner of Zamakona Yards in Canarias was held yesterday (January 29th at 7 p.

Naval EXPO Coming to Washington

For the first time ever, the general public will be admitted free to the Naval Future Force Science and Technology EXPO general exhibit hall Feb. 4-5 where they

Adani Group Revamps Businesses

Adani Enterprises Limited together with its subsidiaries Adani Ports and Special Economic Zone Limited (“APSEZ”) and Adani Power Limited (“APL”) today announced

Offshore

Sjo Resigns from Polarcus Board of Directors

Polarcus Limited announced that Hege Sjo will resign from its board of directors effective February 2, 2015.   Sjo has accepted an appointment as Deputy Director

BOEM Issues Supplemental Environmental Impact Statement

The U.S. Department of the Interior, Bureau of Ocean Energy Management (BOEM), announces the availability of the Draft Supplemental Environmental Impact Statement

Europe's Offshore Wind Capacity Growing

New capacity edges down 5 pct from record 2013; industry body forecasts stable growth over 2015/6. Europe's offshore wind capacity kept up a steady rate of growth

People in the News

Zamakona, Finnish GS-Hydro Ink Deal

The presentation ceremony of the Finnish multinational leader in water services GS-Hydro, new partner of Zamakona Yards in Canarias was held yesterday (January 29th at 7 p.

Naval EXPO Coming to Washington

For the first time ever, the general public will be admitted free to the Naval Future Force Science and Technology EXPO general exhibit hall Feb. 4-5 where they

Adani Group Revamps Businesses

Adani Enterprises Limited together with its subsidiaries Adani Ports and Special Economic Zone Limited (“APSEZ”) and Adani Power Limited (“APL”) today announced

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Repair
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1974 sec (5 req/sec)