The fabrication of the topsides for the $4.5 billion Maersk Olie og Gas A/S-operated UK North Sea Culzean project has begun, Maersk Oil revealed Thursday.
The steel-cutting ceremony for the first of the three topsides modules took place at the Sembcorp Marine Offshore Platforms (SMOP - formerly known as SMOE) Admiralty Yard in Singapore on April 7. Culzean is the largest hydrocarbon discovery in the UK North Sea for over a decade, according to a Maersk Oil statement. The field is approximately 145 miles east of Aberdeen and is expected to produce between 60,000 to 90,000 barrels of oil equivalent per day at plateau production.
Speaking at the ceremony in Singapore, Maersk Oil Chief Executive Jakob Thomasen, said:
“Starting the fabrication of the topsides is an important milestone. When the field begins to produce in 2019, Culzean will become a key contributor to Maersk Oil’s ambition to become a Top 5 operator in the North Sea in the 2020s, and provide around 5 percent of UK gas demand at peak production. Maersk Oil and coventurers’ investment will also support employment in both the UK and Asian supply chains.
“Our focus for the next three years is working with our partners and suppliers to deliver the project from fabrication right through to commissioning safely, on time and within budget.”
Maersk Oil’s coventurers in Culzean are JX Nippon Exploration & Production (UK) Limited (34.01 percent) and BP (Britoil) (16 percent).
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