Technip and FMC Technologies have been picked by Hurricane Energy to be an exclusive provider of subsea equipment to the firm's fractured basement Lancaster development, west of Shetland.
Under a provisional agreement, the firms, under their alliance, will work on the Lancaster Early Production System (EPS) and for subsequent development of the Greater Lancaster Area.
According to Hurricane, the two firms have already developed an "innovative approach to enhance the economics of the proposed development. Key to this approach is focusing on system design optimization and risk reduction in project execution," says Hurricane.
Engineering studies are ongoing, with a planned sanction date of the end of H1 2017.
Dr Robert Trice, Hurricane's CEO, says: "I am delighted that we have been able to select such world-class service companies as Technip as our SURF (subsea, umbilicals, risers and flowlines) provider and FMC Technologies for our SPS (subsea production systems) provider. Their combined solution is ideally suited to the development of Lancaster and the Greater Lancaster Area.
"Hurricane, Technip and FMC Technologies have worked collaboratively to develop the Lancaster EPS as a fit for purpose concept. This has allowed us to reduce the scope and the cost of the development, and ensure full alignment amongst those driving the project forward."
Trice said the agreement with Technip and FMC Technologies was a "very important milestone" towards developing the Greater Lancaster Area's full potential, "whose full extent we believe is yet to be defined."
Initial results from a recent pilot well increased internal base case resources on Lancaster to more than 300 MMbbo.
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