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Ithaca Energy Inc. has signed an engineering, procurement, installation and construction (EPIC) contract with Technip U.K. Ltd. covering the major subsea works that are to be conducted on the Greater Stella Area in the U.K. continental shelf.
The EPIC contract covers: detailed design and installation of the two 10-in oil and gas pipelines that will be used to export processed hydrocarbons from the FPF-1 floating, production unit; installation of manifolds, subsea structures, flexible pipelines and spoolpieces connecting the Stella main and northern drill centers to the FPF-1; design, manufacture and installation of the umbilicals connecting the drill centers to the FPF-1 and the flexible risers connecting the Stella main manifold to the FPF-1; and the installation of the mooring system for the FPF-1 and the design and installation of a five-slot mid water arch.
Installation of the subsea infrastructure is scheduled to take place in summer 2013.
The gross value of the EPIC contract is approximately $230 million.
The Partners in the Stella and Harrier fields are Ithaca Energy (UK) Ltd., operator; Ithaca Minerals (North Sea) Ltd.; Dyas UK Ltd.; and Petrofac GSA Ltd.