Apollo Offshore Joins Enegi’s Marginal Field Joint Venture

Published at 10:01AM - 04/05/15

Apollo Offshore Engineering, the UK oil and gas engineering services firm, has signed an agreement to collaborate with ABT Oil and Gas Ltd (ABTOG), Enegi Ltd’s joint venture with AB Technology Ltd, on its Marginal Field Delivery Consortium.

Apollo has already been working with ABTOG on fixed and tethered engineering solutions for marginal field projects, finding ways to keep CAPEX and OPEX at the lowest possible levels.

According to Enegi, the new agreement ensures that ABTOG owns the intellectual property generated by the working relationships within the consortium. This will prevent IP and knowhow being widely circulated, restricting any benefits to consortium partners. The company believes that this collaboration will lead to economies of scale for partners’ future projects.

Apollo Offshore is joining Kongsberg Maritime and Braemar ACM Shipping in the consortium. Enegi expects further collaboration announcements over the coming weeks in the areas of process engineering and project management.

Welcoming Apollo to the group, Enegi CEO, Alan Minty, said that Apollo’s ‘structural engineering expertise will be invaluable in ensuring the delivery of our solutions and in helping us to create additional solutions which will further enhance our offering.’

In his own statement, Apollo’s business development director, Jonathan White, said the potential for extracting oil from marginal and stranded reserves was ‘significant’, and that efficient and effect solutions could be found for this work, both in the North Sea and other areas.

Enegi also announced that discussions with Wood Group PSN have now ended, as agreement could not be reached on its membership of the consortium.