GE Oil & Gas will supply ATP Oil & Gas (UK) Limited with subsea production equipment, ancillary systems and related services for ATP’s signature Cheviot oilfield project in the North Sea, under the terms of an US$ 80 million contract.
The Cheviot Field lies approximately 100 kilometers (km) east of the Shetland Isles in the northern part of the North Sea and is a redevelopment of a previous field with still significant reserves that ATP can recover economically and with modern technology.
The GE equipment, including wellheads, subsea Xmas trees and a subsea control system, will be used in conjunction with ATP’s ‘Octabuoy’ Floating Production and Storage Facility (FPS), a state-of-the-art vessel currently under construction.
As part of the contract, GE also will provide system engineering and design, procurement and on-site testing services. Product shipments will begin in February 2013 with installation later in the year. Commercial operations are expected to begin in 2014. GE’s Wellstream unit was previously awarded a contract to supply ATP’s project management contractor with 45 km of flexible risers and flowline products for the Cheviot FPS facility.
This reusable floating production and storage facility is expected to be relocated to other fields around the world after it has fully produced the Cheviot reserves.
Adapted from press release by Peter Farrell.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/01052012/ge-awarded-atp-subsea-contract/