Sevan scoops Bream FPSO FEED

Premier Oil has awarded Sevan Marine a Front End Engineering and Design contract for the hull and marine systems for the Bream field FPSO.

The FPSO will be of Sevan’s cylindrical design. The Premier-operated Bream field is located in the Norwegian part of the North Sea.

Sevan CEO Carl Lieungh said: “We are both proud and pleased to receive this FEED contract, demonstrating Premier Oil’s continued confidence in our technology.”

Bream is an oil field located 50km northwest of the Talisman-run Yme field. The field was awarded to Premier and partners in the 2006 APA licensing round, having originally been discovered in the 1970s. The discovery was successfully appraised during 2009.

Since being awarded the field, Premier has increased its stake on two separate occasions. First in August 2012 Premier purchased an additional 20% equity interest from Skeie Energy. Then in July 2013, Premier acquired an aggregate 40 per cent interest in the Bream project with Kufpec from BG, with Premier taking over operatorship of the Bream project.

Under a separate agreement Premier sold a 30 per cent interest in the adjacent PL406 licence which contains the Mackerel discovery to Kufpec thus equalizing the stakes across the two licences, PL406 and PL407 (which contains the Bream project).

 

 

September 24, 2014

 

 

Share this article

Follow Offshore Energy Today

Events>

<< Jul 2019 >>
MTWTFSS
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 31 1 2 3 4

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

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

apply

Looking to fill a job opening?

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

apply