Offshore staff
HOUSTON– McDermott International Inc. and Baker Hughes, a GE company have signed a memorandum of understanding (MOU) with Western Gas Corp. Pty Ltd. to be the exclusive development partners for the Equus gas project offshore Western Australia.
The Equus gas fields are about 124 mi (200 km) northwest of Onslow, Western Australia. The fields’ water depth ranges from 3,280 ft (1,000 m) to 3,937 ft (1,200 m) with an anticipated downstream nearshore LNG facility and pipeline connection to the Western Australian gas market.
The companies were also awarded a contract to support the planning phases of the project.
As part of this initial contract, McDermott and BHGE will work with Western Gas to advance the pre-front-end engineering design (pre-FEED) and front-end engineering design (FEED) to final investment decision (FID).
McDermott and BHGE’s joint venture,io oil & gas consulting, will provide the pre-FEED support to deliver a technically robust and cost-efficient development plan. Pre-FEED work will start immediately and is estimated to be complete by 2Q 2019. The companies will continue with FEED work thereafter.
Upon FID,McDermott and BHGE are expected to undertake the engineering, procurement, construction, installation, and commissioning (EPCIC) of the entire field development scope under a separate contract. The scope will cover reservoir evaluation, drilling and completions, subsea, production facilities, an export pipeline, an LNG facility, and a domestic gas connection facility.
“This project underscores the value of McDermott’s vertically-integrated capabilities and our collaboration with BHGE, who will leverage their broad portfolio to support the project,” said Ian Prescott, McDermott’s senior vice president for Asia Pacific. “In close collaboration with BHGE, we are taking a holistic approach to field development from drilling, subsea, production facilities and an export pipeline to an LNG facility and onshore gas connection. By more closely connecting each stage of the project, we aim to drive significant efficiencies and cost savings for Western Gas through the full life of the field.”
Andrew Leibovitch, executive director for Western Gas, said: “It was important to us to engage with partners that could offer a full field development and execution solution that would help deliver an efficient development plan, enhance project economics, and reduce time to first gas. BHGE and McDermott bring a wealth of global expertise, products and services to help drive efficiencies across the life of the field.”
12/12/2018
