Exploration company Hurricane Energy plc has provisionally selected Technip and FMC Technologies, operating under an alliance, as its exclusive provider of subsea solutions for the Lancaster Early Production System (EPS) and for subsequent development of the Greater Lancaster Area in the UK.
Technip and FMC Technologies have developed an innovative approach to enhance the economics of the proposed development, according to Hurricane, which focuses on system design optimization and risk reduction in project execution.
The parties are currently undertaking front end engineering studies, in order to meet Hurricane’s stated sanction date of the end of H1 2017.
“I am delighted that we have been able to select such world-class service companies as Technip as our SURF provider and FMC Technologies for our SPS provider. Their combined solution is ideally suited to the development of Lancaster and the Greater Lancaster Area,” said Dr Robert Trice, Hurricane’s CEO.
“The initial results from our recent pilot well has increased our internal base case resources on Lancaster to in excess of 300 million barrels. Furthermore, it is clear that such collaboration will be pivotal in developing the remaining recoverable reserves not just at Lancaster but on the UK continental shelf as a whole,” he added.
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