Allseas Awarded Engineering Contract by Burlington
Burlington Resources has awarded a 55 million pound engineering contract in its Rivers Fields natural gas venture in the Irish Sea. Burlington, which intends to invest a total of 185 million pounds in the project, awarded the contract for offshore platform and pipeline works.
The project is a joint venture between Allseas UK, a subsidiary of Allseas Group, and Genesis Oil and Gas Consultants Ltd, part of Technip-Coflexip. The platform will be installed in late 2002 and the following year the pipeline leading to a treatment and compression plant adjacent to an existing Centrica terminal on Britain's east coast. First gas supply is expected in 2004, the statement said.
The Rivers Fields are estimated to contain recoverable reserves of between 350 to 400 billion cubic feet of natural gas with production peaking at about 120 million cubic feet per day.