Siccar Point Energy Ltd. and Baker Hughes (NYSE: BHGE) agreed on the development of the Cambo Field, located northwest of the Shetland Islands in the U.K., the company said Nov. 1.
BHGE has been selected as the exclusive supplier to support the appraisal and early production phases of the project, with the ability to extend into the full field development.
The scope of supply will leverage BHGE’s integrated portfolio of solutions for the oilfield services segment, including a full suite of well services solutions for the appraisal well and expansion to also provide the production and installation of subsea production equipment and flexible pipes in partnership with Ocean Installer, for the early development phase.
“By engaging early in the project’s lifecycle to better define technical and commercial drivers, we can help SPE simplify the process, driving cost-effectiveness and flexibility, while maintaining the highest safety standards and quality required in this challenging deepwater environment,” Zvonimir Djerfi, BHGE Europe president, said.
Siccar Point Energy’s 100% owned Cambo Field is located 125 km (77 miles) northwest of the Shetland Islands. Siccar Point acquired the field with the takeover of the OMV (U.K.) portfolio in January 2017. Cambo was discovered in 2002 and has five wells drilled into the structure so far.
The development concept will be focused on a two-phase approach. Phase 1 will be an early production system, followed by a phase 2 full-field development.
The initial plan is to drill an appraisal well into the main reservoir sequence and perform an extended well test, which will take place in 2018 and provide key information for the facility design.
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