Fabrication of the billion-dollar topsides destined for the Maersk Oil-operated US $4.5 billion U.K. North Sea megaproject, Culzean, has started, the company said in a news release.
The steel-cutting ceremony for the first of three topsides modules took place at the Sembcorp Marine Offshore Platforms (SMOP) Admiralty Yard in Singapore on April 7.
Maersk Oil said Culzean is the largest hydrocarbon discovery in the U.K. North Sea for over a decade. The field is about 145 miles east of Aberdeen and is expected to produce between 60,000-90,000 boe/d at plateau production, producing for at least 13 years. The project was sanctioned in August 2015. Maersk Oil’s partners are JX Nippon Exploration & Production (UK) Ltd. (34.01%) and BP (16%).
The more than $1-billion contract with SMOP was awarded in September 2015. The contract includes the building of the central processing facility plus two connecting bridges, wellhead platform and utilities and living quarters platform topsides for the Culzean field development, the release said.
Recommended Reading
Global Partners Buys Four Liquid Energy Terminals from Gulf Oil
2024-04-10 - Global Partners initially set out to buy five terminals from Gulf Oil but the purchase of a terminal in Portland was abandoned after antitrust concerns were raised by the FTC and the Maine attorney general.
Making Bank: Top 10 Oil and Gas Dealmakers in North America
2024-02-29 - MergerLinks ranks the key dealmakers behind the U.S. biggest M&A transactions of 2023.
Enbridge Closes First Utility Transaction with Dominion for $6.6B
2024-03-07 - Enbridge’s purchase of The East Ohio Gas Co. from Dominion is part of $14 billion in M&A the companies announced in September.
ONEOK CEO: ‘Huge Competitive Advantage’ to Upping Permian NGL Capacity
2024-03-27 - ONEOK is getting deeper into refined products and adding new crude pipelines through an $18.8 billion acquisition of Magellan Midstream. But the Tulsa company aims to capitalize on NGL output growth with expansion projects in the Permian and Rockies.
Marketed: Ascent Resources- Utica 96 Well Package in Ohio
2024-03-12 - Ascent Resources- Utica LLC and Ascent Utica Minerals LLC has retained EnergyNet for the sale of a non-operated 96 well package in Belmont, Guernsey, Harrison, Jefferson and Noble counties, Ohio.