The company engaged Crondall Energy to approach the appropriate FPSO providers on its behalf. Three of the four companies, currently operating FPSOs on the UKCS, submitted detailed proposals to Orcadian. The company will now enter into discussions to clarify the proposals which the Directors expect to take several months. The company anticipates announcing its preferred partner for the development of Pilot in due course.
Steve Brown, Orcadian’s CEO, said: “We were very pleased to have received three such high-quality expressions of interest for the provision of an FPSO for the Pilot development. We will be evaluating these proposals and discussing them with the contractors, to optimise both the vessel selection and the technical and commercial framework for engaging an FPSO contractor as a partner in the development of Pilot.”
Read the latest issue of Oilfield Technology in full for free: Issue 3 2021
Oilfield Technology’s third issue of 2021 starts with a report from Wood Mackenzie focusing on the upstream industry’s fortunes in Asia-Pacific. The rest of the issue is dedicated to features covering offshore engineering, coiled tubing, frac technology, completion technologies, water management, well placement and much more.
Exclusive contributions come from Wild Well Control, Cudd Pressure Control, TMK, NOV, Archer, Tendeka, TETRA Technologies and more.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/28102021/orcadian-energy-receives-expressions-of-interest-for-pilot-field-fpso/
You might also like
Petrofac has been awarded a three-year contract extension in support of Repsol Sinopec Resources UK’s North Sea operations worth more than US$100 million.