Siccar, BHGE pen Cambo development deal

Siccar Point Energy has hired Baker Hughes, a GE Company (BHGE), to support the development of the Cambo field, located North West of the Shetland Islands in the UK.

Under the agreement, Siccar has selected BHGE as the exclusive supplier to support the appraisal and early production phases of the project, with the ability to extend into the full field development.

The scope of supply will leverage BHGE’s portfolio of solutions for the oilfield services segment, including a full suite of well services solutions for the appraisal well and expansion to also provide the production and installation of subsea production equipment and flexible pipes in partnership with Ocean Installer, for the early development phase.

Jonathan Roger, CEO of Siccar Point Energy, said: “We are delighted to be collaborating with BHGE on the development of the Cambo field. By shifting to an innovative, performance-based commercial model focused on longterm collaboration and a full-life-of-field partnership between SPE and BHGE, we are redefining how the industry can operate, proving the viability of challenging regions and the long-term sustainability of projects in the North Sea.”

According to Siccar, the deal between the two companies, represents an innovative alliance based on a collaborative approach.

“The model aims to reshape traditional, transactional relationships between suppliers and operators in favour of a long-term partnership that minimizes tendering costs, improves execution efficiency and risk mitigation, and incentivises performance through the creation of shared project objectives,” Siccar explained.

Early engagement

“This agreement puts BHGE’s integrated scope of capabilities and extensive portfolio into action and is further testament to our fullstream capabilities for the offshore oil and gas industry,” said Zvonimir Djerfi, BHGE Europe President.

“By engaging early in the project’s lifecycle to better define technical and commercial drivers, we can help SPE simplify the process, driving cost-effectiveness and flexibility, while maintaining th e highest safety standards and quality required in this challenging deepwater environment.”

Siccar Point Energy’s 100 percent owned Cambo field is located 125 km north-west of the Shetland Islands. Siccar Point acquired the field with the takeover of the OMV (U.K.) portfolio in January 2017.

Cambo was discovered in 2002 and has five wells drilled into the structure so far. The development concept will be focused on a two-phase approach.

Phase 1 will be an early production system (EPS), followed by a Phase 2 full-field development. The initial plan is to drill an appraisal well into the main reservoir sequence and perform an  xtended well test, which will take place in 2018 and provide key information for the facility design

Share this article

Follow Offshore Energy Today

Events>

<< Jun 2018 >>
MTWTFSS
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

FPSO World Congress 2018

This year’s FPSO World Congress will tap on this green shoots of recovery and will focus on practical strategies to address key project…

read more >

ONS 2018

Offshore Northern Seas (ONS) provides a platform for the presentation of the political, economic and technological issues involving…

read more >

FPSO World Congress 2018

The Congress will continue its global focus and will feature the biggest and most important names in the FPSO industry…

read more >

SPE Asia Pacific Oil & Gas Conference and Exhibition 2018

As the energy industry adapts to a new status quo operating under sustained low oil prices, there continues to be a need for the industry…

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

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