Ithaca cleared to pursue North Sea field developments
April 12, 2012
Britain’s government has approved Ithaca Energy’s development plan for the Stella and Harrier fields in the UK central North Sea.
Offshore staff
CALGARY, Canada – Britain’s government has approved Ithaca Energy’s development plan for the Stella and Harrier fields in the UK central North Sea.
Ithaca’s project involves drilling subsea horizontal wells tied back to the semisubmersible production platformFPF-1, with processed hydrocarbons exported via nearby offshore oil and gas pipelines.
Arrangements for transportation and onshore processing of oil and liquid-rich gas remain to be finalized.
Ithaca has contracted the heavy-duty jackupEnsco 100 for development drilling which will start during the second half of this year. Soon it will award packages for procurement and installation of the subsea infrastructure.
Petrofac is upgrading and modifying theFPF-1, with associated cost and vessel performance incentives. The designated yard for the conversion works will be announced following completion of the front-end engineering and design.
Ithaca adds that both Stella and Harrier will benefit fully from the Supplementary Charge tax shelter which the government has introduced as anamendment to its Small Field Allowance.
