IKM recently secured a subsea, umbilical, riser and flowline (SURF) contract from Maersk Oil through Subsea 7, a press release from Jan. 26 said.
IKM will construct and install underwater equipment for the new Culzean gas field in the Central North Sea. This is one of the largest gas discoveries offshore U.K., and is Block 22/25 of the Central North Sea in about 90 m of water.
Engineering work has begun on the Maersk Oil Culzean project. The first phase of offshore operations will begin in second-quarter 2017. This is a sizeable pre-commissioning SURF project and a significant win for IKM in an extremely competitive environment.
The Culzean gas condensate field is expected to produce enough gas to meet 5% of total U.K. demand at peak production in 2020-2021.
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