Claxton Wins Deep Panuke Contract

Claxton Engineering Services Ltd, an Acteon company, has been awarded a contract worth in excess of GBP 1 million by leading North American natural gas producer EnCana Corporation.

Claxton will be supplying subsea risers, interface connections and personnel for drilling and completions operations for five wells on a high-pressure natural gas platform, set in depths of 44 metres, 175 km offshore Nova Scotia, in the Deep Panuke field.

During Q2, 2009, the equipment will be shipped to Halifax, where Claxton will prepare it for operations before it is taken offshore. The project is being conducted from a Rowan Gorilla-class jack-up rig and drilling is scheduled to commence in Q3 of 2009, with Claxton engineers on hand to help run and pull the riser. It is expected that the project will be producing by 2010.

Sister Acteon company, 2H Offshore, will be providing riser analysis throughout the operation.

Laura Claxton, managing director, Claxton Engineering Services said, "This is a long-term, high-value contract to be conducted offshore Nova Scotia. This contract marks Claxton's entrance to the North American sector and we have been selected for this because Claxton can provide a high-quality and best value full riser supply service."

Acteon is a group of specialist engineering companies serving the global offshore oil and gas industry. It focuses on technology that has applications in the vital region between the seabed and the surface production facilities. Acteon companies are 2H Offshore, Aquatic, CAPE Group Ltd, ChainCo, Claxton Engineering Services Ltd, Conductor Installation Services Ltd (CIS), Fluke Engenharia Ltda, InterAct PMTI, InterMoor, International Mooring Systems (IMS), Large Diameter Drilling (LDD), Mirage Machines Ltd, MENCK GmbH, Seatronics Ltd, Subsea Riser Products (SRP), TEAM Energy Resources Ltd, Trident Offshore Ltd, UWG Ltd and WellCut Decommissioning Services.