COSCO Corporation has delayed a delivery date for a floating, production, storage and offloading (FPSO) unit intended for Dana Petroleum’s Western Isles development in the North Sea.
According to COSCO, the delivery date was pushed to Q1 2017 “due to changes in technical requirements from the shipowner”. The FPSO was originally scheduled for delivery in Q2 2015.
The contract to build the FPSO is worth over $379 million and the construction is on-going. The FPSO, of Sevan Marine cylindrical design, will measure 78 meters in diameter, 32 meters high and will have a storage capacity of up to 400,000 barrels of oil.
The Dana-operated Western Isles Project will develop two discovered oil fields called Harris and Barra in the Northern North Sea, 160km east of the Shetlands and 12km west of Tern field. It involves a subsea development of at least five production and four water injection wells plus two exploration wells tied back to a new build FPSO with oil export using shuttle tankers.
The Western Isles fields partners are Dana Petroleum (operator with 77%) and CIECO Exploration and Production (UK) Limited (CIECO), a subsidiary of ITOCHU Corporation (23%).
Offshore Energy Today Staff