BHGE allies with Siccar Point Energy for Cambo project west of Shetland

Offshore staff

ABERDEEN, UK – Siccar Point Energy Ltd. (SPE) will work with Baker Hughes, a GE company to develop the Cambo field northwest of the Shetland Islands.

BHGE will act as the exclusive supplier to support the project’s appraisal and early production phases of the project, potentially expanding its role into the full-field development.

The scope will range from well service solutions for the appraisal well to manufacture and for the early development phase, installation of subsea production equipment and flexible pipes in partnership with Ocean Installer.

SPE says that unlike traditional, transactional relationships between suppliers and operators, this approach is designed to foster a long-term partnership that minimizes tendering costs, improves execution efficiency and risk mitigation, and incentivizes performance through the creation of shared project goals.

Zvonimir Djerfi, BHGE’s Europe President, said: “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.”

SPE gained a 100% interest in the Cambo field, discovered in 2002, 125 km (77.7 mi) northwest of the Shetlands, fromOMV early this year.

Five wells have been drilled on the structure so far.

The Phase 1 development will be an early production system, followed by a Phase 2 full-field development.

SPE plans initially to drill an appraisal well into the main reservoir sequence and undertake an extended well test in 2018 to provide critical data for design of the facilities.

11/02/2017