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  • Neptune Energy awards $40M drilling services contracts for Seagull
    édité le 03/12/2019 - Plus de news de "Neptune Energy" - Voir la fiche entreprise de "Neptune Energy"


Neptune Energy awards $40M drilling services contracts for Seagull
Neptune Energy and its joint venture partners BP and JAPEX announce the award of new drilling services contracts for the Seagull project in the UK North Sea.

All contracts have been awarded under a three-year agreement, with two one-year options to extend, and include:

- M I Drilling Fluids will provide mud, drilling fluids and well-bore clean-up services;
- A Completions Equipment and Services contract was awarded to Halliburton Manufacturing & Services Limited for the provision of High - Pressure/High Temperature completions equipment;
- Schlumberger Oilfield UK will provide perforating services.

Seagull is expected to initially produce around 50,000 barrels of oil equivalent (boe) per day (80 per cent oil) across its 10-year design life. Proved plus probable gross reserves are estimated at 50 million boe.

Neptune Energy’s Seagull Project Manager, Shona Campbell, said: “The Seagull development is hugely important for Neptune and underlines our commitment to growing our operations in the UK North Sea. The award of the contracts is also a crucial step in the development and demonstrates the diverse range of technical expertise available from UK suppliers.

“Seagull has already been recognised as an excellent example of what can be achieved through a collaborative approach between partners and we look forward to continuing to progress with this development at pace.”

Seagull is a high pressure, high temperature development located on UK licence P1622 Block 22/29C, 17km south of the BP Operated ETAP Central Processing Facility (CPF). Seagull will be tied back to the ETAP CPF partially utilising existing subsea infrastructure which would otherwise have been decommissioned. Gas from the development will come onshore at the CATS processing terminal at Teesside, while oil will come onshore through the Forties Pipeline System to the Kinneil Terminal, Grangemouth.

Neptune is the operator of Seagull and has a 35 per cent equity interest. Its joint venture partners are BP with 50 per cent and JAPEX with 15 per cent. Neptune acquired its 35 per cent interest in Seagull from Apache North Sea Limited in 2018.

About Neptune Energy

Neptune Energy is an independent global E&P company with operations across the North Sea, North Africa and Asia Pacific. The business had production of 162,000 net barrels of oil equivalent per day in 2018 and 2P reserves at 31st December 2018 of 638 million barrels of oil equivalent. The Company, founded by Sam Laidlaw, is backed by CIC and funds advised by Carlyle Group and CVC Capital Partners.

About Japex

JAPEX is engaged in projects in Japan and overseas that span the E&P value chain, from exploration, development, production and transportation to supply for long-term stable supply of energy.
Recently JAPEX has been focusing on three main business areas; E&P Business as our core business, Domestic Natural Gas Supply Business as stable supply and growth its volume of natural gas for clients, and Environment and Innovative Technology Business as new energy development utilizing our accumulative technologies and insights through E&P business.
Furthermore, JAPEX is aiming to “Transform to an Integrated Energy Company with a Focus on E&P” to expand our business area wider related to oil and gas E&P.

About BP

BP (NYSE:BP) is one of the world's largest oil and gas companies, serving millions of customers every day in more than 80 countries, and employing nearly 85,000 people. BP's business segments are oil and gas exploration & production, and refining & marketing. In alternative energies, BP has low- and no-carbon wind and biofuels businesses. Through these activities, BP provides fuel for transportation; energy for heat and light; services for motorists; and petrochemicals products for plastics, textiles and food packaging. It has strong positions in many of the world's hydrocarbons basins and strong market positions in key economies.


Origine : Communiqué Neptune Energy

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