Production for both awards will begin immediately and are expected to be completed prior to year-end. Terms of the purchases were not disclosed.
The Anchor Field development project is located in the Green Canyon area, approximately 140 miles off the coast of Louisiana in the Gulf of Mexico in water depths of up to 5000 ft. The initial development of the project will require an investment of approximately US$5.7 billion. Stage 1 of the Anchor Field development consists of a seven-well subsea development and semi-submersible floating production unit. First oil is anticipated in 2024.
According to news sources, this will be the first-ever, high-pressure development in the deepwater Gulf. The planned facility has a design capacity of 75 000 bbl of crude oil and 28 million ft3/d of natural gas. Sypris will provide specialty, high-pressure Tube Turns D-bolt closures that are rated up to 4885 psi and use Inconel Alloy 625, a nickel-based superalloy that possesses high strength properties and resistance to elevated temperatures.
The company also received an award to supply the closures for a multiple compressor system upgrade on a natural gas transmission pipeline system located in North America. The project is part of an EPA programme to reduce emissions from ageing equipment to help reduce the negative impact on the ozone layer. Sypris will supply specialty Tube Turns Tool-less closures that are 72 in. in diameter, weigh 11.25 t each and are rated to a pressure of 1200 psi.
Brett Keener, General Manager of Sypris Technologies, commented: "Sypris continues to be a leader in supplying engineered products to support major energy projects around the globe. We are able to meet the demanding requirements of these type of projects by leveraging our extensive experience in engineering and manufacturing high-quality products. We are proud to be a part of enhancing energy infrastructure and contributing to environmental protection."
Read the latest issue of Oilfield Technology in full for free: Oilfield Technology's November/December 2020 issue
The November/December issue of Oilfield Technology begins by reviewing the state of the North Sea before moving on to cover a range of topics, including Drilling Technologies, Deepwater Operations, Flow Control.
Contributors come from Varel Energy Solutions, Gyrodata, Clariant Oil Services, Drillmec and many more.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/08022021/sypris-wins-award-for-anchor-field-project/