Antrim signs Causeway development contracts

Antrim Energy has signed a heads of terms agreement with a subsidiary of Fairfield Energy for the provision of platform hosting services on the Dunlin A platform for its Causeway development in the UK North Sea.

Offshore staff

CALGARY, Canada -- Antrim Energy has signed a heads of terms agreement with a subsidiary of Fairfield Energy for the provision of platform hosting services on the Dunlin A platform for its Causeway development in the UK North Sea.

The Causeway field will be developed using subsea production technology with a tie-back to the existing Dunlin A platform, which lies approximately 9 km (5.5 mi) to the east of Causeway.

The agreement with Fairfield includes provision for engineering, procurement, and installation of all platform facilities and services required to host the operation of the field, processing of field production, and export of oil to Cormorant.

Antrim has also signed a contract with Fairfield for the front-end engineering design (FEED) study of the modifications required on Dunlin for the Causeway tie-in. This FEED study, which is due for completion in early 2009, will establish the detailed scope of work, costs, and schedule for the platform and riser modification work.

These two agreements are consistent with Antrim's plans to submit a field development plan (FDP) to the UK Department of Business, Enterprise and Regulatory Reform (BERR) later this year, with project approval expected by mid-2009 and first oil from Phase 1 of the development by mid-2010, the company says.

10/02/2008

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