Marginal field-focused explorer Enegi Oil's joint venture with ABTechnology (ABTOG) has signed a collaboration agreement with global engineering and design consultancy Arup.
Arup becomes the latest member of the Marginal Field Delivery Consortium that ABTOG has established to assist in the delivery of its marginal field initiative, joining Kongsberg Maritime, Apollo, RMRI, Braemar ACM, AGR and Frames.
Arup brings project management experience and a proven-in-use structure (the ACE platform) that can house ABTOG’s normally unattended topsides.
Four of Arup’s range of ACE self-installing and redeployable platforms have been deployed to date (in Australia’s Bass Strait, the Taranaki Basin off New Zealand, the West Natuna Sea in Indonesia and the West Philippine Sea), with a fifth currently being developed for a field in the UK North Sea.
These self-installing and re-locatable platforms combine the advantages of traditional fixed platforms with the versatility offered by a mobile unit and are particularly economical where reuse allows several reserves to be exploited, in areas of high decommissioning costs, or where access to specialist installation vessels is limited and costly, says Enegi.
The ACE has particular advantages for application to a number of the projects on which ABTOG is currently in discussion and, together with Arup’s extensive experience and expertise, will allow ABTOG and the consortium to accelerate progress towards a major project.
Current oil price environment and the industry’s need to reduce costs provides Enegi with a significant opportunity given its ability to achieve the Cost Transform.
A number of projects have already been identified with negotiations under way to enable the projects to be delivered by the Consortium.
Arup’s inclusion is the final essential member of the consortium.
Alan Minty, chairman of Enegi commented: “After what has been a long and often frustrating journey, Enegi is now strongly positioned to take forward and considerably benefit from its investment in ABTOG and the creation of the consortium. We believe that all the key elements are now in place and expect to add new projects to the portfolio which the Consortium has the ability to economically develop, delivering excellent returns on time and on budget. We look forward to working with all our partners taking this venture forward and delivering on the model and strategy that we have outlined.”