STAVANGER, Norway – Siccar Point Energy and Baker Hughes, a GE company (BHGE) have contracted Ocean Installer to support appraisal and early production of the Cambo project northwest of the Shetland Islands, and potential future development phases.
Ocean Installer will perform the work under an alliance with BHGE, which according to the company’s CEO Stein ar Riise is designed to “improve execution efficiency and risk mitigation through the creation of shared project objectives, and minimize tendering costs, with the ultimate objective of creating more efficient subsea solutions.”
Cambo, with more than 100 MMbbl recoverable, is in a water depth of 1,100 m (3,609 ft), making it one of the deepest undeveloped fields offshore northwest Europe.
Phase 1 involves an early production system, and will be followed by a Phase 2 full-field development. The project is due to start in 2018.
Ocean Installer will manage the program from its Aberdeen base, deploying the construction support vesselsNormand Vision and Normand Reach for the offshore campaign.