TechnipFMC confirms Lancaster EPCI deal

Business & Finance

Oilfield services provider TechnipFMC has been awarded an engineering, procurement, construction, and installation contract for the Lancaster early production system (EPS) in the UK North Sea by Hurricane Energy.

TechnipFMC confirmed on Thursday that the contract would cover the provision of subsea equipment including umbilicals, risers, flowlines, and the subsea production system for the Huricane-operated Lancaster EPS project.

Also, TechnipFMC will install the subsea equipment, turret buoy, and mooring system. The company added that the contract would be executed as an integrated engineering, procurement, construction, and installation (iEPCI) project.

Hallvard Hasselknippe, president of TechnipFMC’s Subsea Projects, said: “This award demonstrates our leadership position in iEPCI and we are honored that Hurricane Energy is embracing the new way of doing business, engaging with us early through integrated FEED studies and realizing the full scope through an integrated EPCI.”

The Technip news comes after Hurricane on Thursday  said it had made the final investment decision for the project, and that the company expected first oil from Lancaster in the first half of 2019.

TechnipFMC has already started procurement and fabrication of the main subsea components of the development including subsea umbilical, risers and flowlines (SURF) and subsea production system (SPS). Subsea installation activities at Lancaster are scheduled for summer 2018, in advance of the planned arrival of the Aoka Mizu floating, production, storage, and offloading (FPSO) vessel which will be deployed on the field.

A TechnipFMC vessel has recently completed a further seabed survey as part of the planning process for boulder clearance around the area planned for SURF installation.

The Lancaster license has combined 2P Reserves and 2C Resources of 523 million barrels. In addition, the Hurricane Energy has 205 million barrels of oil equivalent on its Whirlwind license. During the 2016-2017 drilling campaign the company made two significant discoveries at Halifax and Lincoln prospects, indicating that the Greater Lancaster Area and the Greater Warwick Area have the potential to be two large accumulations.

Offshore Energy Today Staff