Shell awarded TechnipFMC a contract to manufacture and install subsea production systems, umbilicals, risers and flowlines for Shell’s deepwater Sparta development, TechnipFMC announced Feb. 15.
Sparta is Shell’s first Gulf of Mexico (GoM) project to tap into the 20,000 psi Paleogene reservoir.
The integrated Engineering, Procurement, Construction and Installation (iEPCI) contract, valued between $250 million and $500 million, is for systems rated up to 20,000 psi. According to TechnipFMC, the tree systems will be Shell’s first to be qualified for 20K applications and are engineered to meet the high-pressure requirements of the greenfield development.
Shell reached final investment decision on the project in December and in January, Seatrium announced it had won a construction and integration contract for the production semisubmersible’s hull, topsides and living quarters.
The Sparta semisubmersible will be installed in the Garden Banks area of the GoM in 4,700 ft water depth.
Shell operates Sparta, which was originally discovered in 2012 by Cobalt Energy, with 51% interest on behalf of partner Equinor with 49% interest.
Recommended Reading
Vår Selling Norne Assets to DNO
2024-05-08 - In exchange for Vår’s producing assets in the Norwegian Sea, DNO is paying $51 million and transferring to Vår its 22.6% interest in the Ringhorne East unit in the North Sea.
CNOOC Makes 100 MMton Oilfield Discovery in Bohai Sea
2024-03-18 - CNOOC said the Qinhuangdao 27-3 oilfield has been tested to produce approximately 742 bbl/d of oil from a single well.
SLB OneSubsea JV to Kickstart North Sea Development
2024-05-07 - SLB OneSubsea, a joint venture including SLB and Subsea7, have been awarded a contract by OKEA that will develop the Bestla Project offshore Norway.
For Sale, Again: Oily Northern Midland’s HighPeak Energy
2024-03-08 - The E&P is looking to hitch a ride on heated, renewed Permian Basin M&A.
E&P Highlights: Feb. 26, 2024
2024-02-26 - Here’s a roundup of the latest E&P headlines, including interest in some projects changing hands and new contract awards.