Woodside awards SNE FEED to Subsea 7, Schlumberger JV. FID in mid-2019

Woodside, as the new operator of the SNE offshore oil development in Senegal, has started front-end engineering design (FEED) activities at the project by awarding the subsea FEED contract to Subsea Integration Alliance. Further FEED contracts are targeted to be awarded in early 2019, Woodside said.

The FEED work awarded to Subsea Integration Alliance, a partnership between Schlumberger and Subsea 7, is related to the SNE Field Development-Phase 1.

The work involves activities required to finalize the costs and technical definition for the proposed development to enable a final investment decision, targeted for mid-2019, Woodside said on Monday.

Woodside CEO Peter Coleman said the decision to start FEED activities was a significant step towards the development of Senegal’s first oil project.

He said: We plan to progress the SNE development towards the earliest possible commercialization of the discovered resources. Completing FEED activities will be a key enabler of a final investment decision.

“We are also excited to be moving forward on the SNE development as it is a key pillar of Horizon Two of our growth strategy. “As part of FEED activities, the RSSD joint venture will continue working with the Government of Senegal, local communities and our contractors to realize the potential opportunities and benefits from this nationally significant development,” he said.

First SNE oil in 2022

Woodside says that the start of FEED activities follows approval by the Senegalese Minister of Petroleum and Energies of Woodside assuming the role of operator, and the RSSD joint venture’s submission of the SNE Field Development and Exploitation Plan to the Government of Senegal.

Woodside has taken over the operatorship of the project from Cairn Energy. Other partners in the projects are FAR and the Senegal National Oil Company, Petrosen.

The SNE development concept is a stand-alone floating production storage and offloading vessel (FPSO) facility with supporting subsea infrastructure. It will be designed to allow subsequent SNE development phases, including options for gas export to shore and for future subsea tiebacks from other reservoirs and fields.

Phase 1 of the development will target an estimated 230 MMbbl of oil resources (P50 gross) from the lower, less complex reservoirs and an initial phase in the upper reservoirs. The FPSO is expected to have a capacity of around 100,000 bbl/day, with first oil production targeted in 2022.

In parallel to the start of FEED activities, the RSSD joint venture continues to progress project financing and the Environmental and Social Impact Assessment, Woodside said.

Share this article

Follow Offshore Energy Today

Events>

<< Jan 2019 >>
MTWTFSS
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 31 1 2 3

Fuel Cell Expo 2019

FC EXPO is world’s largest show for hydrogen & fuel cell…

read more >

LNG Bunkering Summit 2019

LNG Bunkering Summit will cover the obstacles facing both the shipping and port communities…

read more >

Egypt Petroleum Show

This event will feature 500+ regional & international exhibiting companies from over 35 countries…

read more >

IoT in Oil & Gas 2019

The IoT in Oil & Gas 2019 Conference will continue to focus on helping operators…

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