Marginal field consortium: Apollo in, WGPSN out

ABT Oil and Gas Ltd. (‘ABTOG’), Enegi Oil’s joint venture with ABTechnology Ltd, has signed a collaboration agreement with Apollo Offshore Engineering Ltd. who will join the Marginal Field Delivery Consortium providing expertise in the structural engineering of ABTOG’s current and future solutions.

The Agreement adds Apollo to Kongsberg Maritime (‘Kongsberg’) and Braemar ACM Shipping (‘Braemar’) as members of the Marginal Field Delivery Consortium targeted at the delivery of marginal field projects.

The Agreement with Apollo allows ABTOG to work exclusively with one organisation ensuring that the intellectual property and knowhow generated in any particular project is not widely circulated leading to economies of scale for future projects for the benefit of ABTOG and its partners. Any intellectual property developed through the working relationship will be owned by ABTOG.

ABTOG says it is already working with Apollo on its current solutions and on expanding its solution portfolio in both fixed and tethered solutions, with the aim always being to keep capex as low as reasonably practicable whilst ensuring that any solution will be able to be normally unattended keeping opex to a minimum. The results of this work will be investigated, in line with ABTOG’s intellectual property strategy, to ensure that any ideas are suitably protected for the future benefit of the venture.

No deal with WGPSN

ABTOG adds that is already seeing the benefits from its previously announced agreements with Kongsberg and Braemar and expects to be able to announce further collaborations in the coming weeks including in the areas of process engineering and project management.

Also, the company has said that after extensive discussions with Wood Group PSN (‘WGPSN’) an agreement was unable to be reached with respect to the previously announced Memorandum of Understanding and discussions have now ended.

Alan Minty, CEO & Chairman of Enegi, commented: “We are delighted that Apollo has agreed to join the Marginal Field Delivery Consortium. Their structural engineering expertise will be invaluable in ensuring the delivery of our solutions and in helping us to create additional solutions which will further enhance our offering in line with our strategy of reducing capex and opex to enable the development of projects.”

“Sadly, agreement was unable to be reached with Wood Group PSN, but we believe that with the members we already have and those we are in discussions with we are creating a consortium with the ability to provide a “one stop shop” to deliver our Marginal Field Initiative and look forward to working with Apollo and the other members of the consortium to take this venture forward.”

Jonathan White, Business Development Director of Apollo Offshore Engineering, commented:

“We are extremely delighted to be working with the MFD consortium and ABT Oil and Gas to develop robust, cost effective solutions for marginal and stranded reserves. There is still significant potential in the North Sea and beyond for innovative production solutions that will allow operators to extract reserves both efficiently and effectively. ABT Oil and Gas have recognised Apollo’s expertise in effective and innovative engineering for fixed and floating assets that will be applied in this project.

Apollo’s dynamic approach coupled with its experience will be an important element to the MFD consortium where we can apply some of the technology we are already developing for ABT Oil and Gas. This is exactly the type of approach and technology our industry presently needs for continued investment to unlock marginal reserves.”

Share this article

Follow Offshore Energy Today


<< Sep 2019 >>
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Offshore Energy Exhibition and Conference (OEEC)

The three-day event features an exhibition where over 600 companies will showcase their products and services…

read more >

Argentina Oil and Gas Expo 2019

The Argentine Oil and Gas Institute (IAPG) organizes the Argentina Oil & Gas Expo bringing together the most…

read more >

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >

Africa Oil & Power 2019

The Africa Oil & Power conference will bring together an elite class of ministers and senior-level government…

read more >


Looking to fill a job opening?

By advertising your job here, on the homepage of, you'll reach countless professionals in the sector. For more information, click below...


Looking to fill a job opening?

By advertising your job here, on the homepage of, you'll reach countless professionals in the sector. For more information, click below...