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  • Proserv wins subsea controls award for greenfield development
    édité le 02/06/2020 - Plus de news de "Proserv" - Voir la fiche entreprise de "Proserv"


Proserv wins subsea controls award for greenfield development
Controls technology company Proserv has been commissioned by Independent Oil and Gas plc (“IOG”) to provide a complete subsea controls system for IOG’s Core Project Phase 1 development in the UK Southern North Sea.

Proserv will be responsible for the engineering, construction and installation of a complete subsea control system for the Elgood single-well subsea tieback. The system will consist of a master control station, subsea control module, subsea distribution and instrumentation.

The Elgood gas field is part of the Blythe Hub, which is situated 35km off the coast of Norfolk in the Southern North Sea and expected to come onstream in 2021. Elgood is being co-developed with the nearby Blythe field as a single subsea well tied back to an unmanned platform at Blythe. The field was discovered by Enterprise Oil in 1991 and is 50% owned and operated by IOG, with the remaining 50% interest belonging to CalEnergy Resources (UK) Ltd.

Iain Smith, Senior Vice President – Proserv Controls, said:
“We are pleased to be awarded this work in such uncertain times and it further strengthens our reputation as a subsea controls supplier of choice, demonstrating significant value to our customers by way of best-in-class reliability and no future obsolescence worries. We look forward to working with IOG and their SURF contractor to ensure the cost-effective, safe and timely execution of this development.”

Mark Hughes, Chief Operating Officer, IOG, said:
“We are pleased to be working with Proserv, a recognised specialist provider of subsea controls systems, on the Elgood well, which is an important part of our Phase 1 development.”

About Proserv

Proserv is a controls technology company incorporating two divisions, Proserv Controls, which encompasses our innovative subsea controls solutions, alongside our topside, IWOCS, sampling, and measurement offerings to the oil & gas and renewables markets, and Gilmore, a Proserv Company, known for its globally renowned control valves.

About IOG

IOG (AIM: IOG.L) owns and operates a 50% stake in substantial low risk, high value gas reserves in the UK Southern North Sea. The Company's Core Project targets a gross 2P peak production rate of 140 MMcfe/d (c. 24,000 Boe/d) from gross 2P gas Reserves of 302 Bcfe¹ + 2C gas Contingent Resources of 108 Bcfe², via an efficient hub strategy. In addition to the independently verified 2P reserves at Blythe, Elgood, Southwark, Nailsworth and Elland and 2C Contingent Resources at Goddard, IOG also has independently verified best estimate gross unrisked prospective gas resources of 73 Bcfe² at Goddard. Alongside this IOG has management estimated mid-case recoverable gas volumes of 40 Bcfe and 100 Bcfe at the Harvey and Redwell licences and continues to pursue value accretive acquisitions to generate significant shareholder returns.


Origine : Communiqué Proserv

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