The owners of the Sable Project offshore Nova Scotia have awarded the fabrication contract for the South Venture topsides. Irving Shipbuilding Inc. of Halifax, Nova Scotia, was the successful bidder.
The owners of the Sable Project offshore Nova Scotia have awarded the fabrication contract for the South Venture topsides. Irving Shipbuilding Inc. of Halifax, Nova Scotia, was the successful bidder. Sable Project owners will decide in early 2003 if the proposed South Venture development is to proceed. South Venture was included in Sable's development plan application, which was approved in 1997. Pending owner approval, the South Venture platform would begin operations in 2004. Tier 1 of the Sable Project includes three offshore platforms ? Thebaud, North Triumph, and Venture ? which began production in 1999. Current production averages 550 MMcf/d of gas and 20,000 b/d of natural gas liquids. In addition to South Venture, the Tier 2 fields are Alma, scheduled to come on stream in late 2003, and Glenelg. ExxonMobil Canada 50.8%, Shell Canada 31.3%, Imperial Oil Resources 9%, Emera Offshore Inc. 8.4%, and Mosbacher Operating Ltd. 0.5% own the Sable Project's offshore assets. 121302
