UK: Bluewater Sells Uisge Gorm FPSO to EnQuest

Bluewater Sells Uisge Gorm FPSO to EnQuest

EnQuest’s option to purchase Bluewater’s FPSO Uisge Gorm has been exercised and the sale was completed on Wednesday 25th of January 2012.

EnQuest will deploy the FPSO on the UK Alma and Galia fields project. The Alma/Galia field development project is worth approximately $850 million and will add a fourth hub to EnQuest’s existing operating base. It will increase EnQuest’s net 2P oil reserves by 29 MMboe and is expected to increase EnQuest’s production levels to over 40,000 Boepd in 2014. EnQuest is anticipating average annual production of between 20,000 Boepd and 24,000 Boepd for 2012, between 25,000 Boepd and 30,000 Boepd for 2013 and in excess of 40,000 Boepd for 2014. EnQuest anticipates adding further production through business development opportunities.

The development will consist of 7 production wells and 2 water injection/disposal wells, tied back to the modified Uisge Gorm Floating Production and Storage Offloading (‘FPSO’) vessel. The development plan is designed to be capable of processing high water cut levels up to 95%

Bluewater will continue to assist EnQuest with certain conversion related engineering scopes as well as the turnkey supply of part of the turret mooring system related hardware.

The Bluewater group of companies has built a technological lead specializing in lease and operation of tanker-based Production and Storage (FPSO/FSO) systems, and has become a leading provider of advanced Single Point Mooring (SPM) systems. Bluewater operates worldwide with offices in The Netherlands, United Kingdom, United States, Nigeria, Angola, Malaysia, Russia and China.

Offshore Energy Today Staff, January 27, 2012; Image: Bluewater

 

Share this article

Follow Offshore Energy Today

Events>

<< Feb 2020 >>
MTWTFSS
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 1

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