GE Oil & Gas has been named the exclusive supplier of early engineering, project management and procurement activities for the Cheviot oil field development in the U.K. North Sea, according to a news release.
Petroleum Equity-backed Alpha Petroleum said May 26 it reached an agreement with GE concerning the field’s subsea infrastructure. As part of the agreement, GE will supply subsea trees, a full control system, three manifolds, flexible jumpers, flowlines, risers and umbilicals. The company will also provide subsea construction and installation services, and support commissioning.
In addition, GE Energy Financial Services is helping to raise debt financing for the project and is discussing making a significant capital investment, the release said. A final investment decision for the project is expected in fourth-quarter 2017.
The Cheviot oil field, which is fully owned by Alpha, will consist of 18 firm and five contingent wells. Development plans include use of Teekay Offshore Partners’ Varg FPSO unit. First oil is expected in 2019 with an expected rate of at least 30,000 bbl/d of oil, Alpha said.
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