North Sea Unit Ready for Sail-Away

Published at 02:50PM - 11/07/16

Ithaca Energy announced today that its FPF-1 floating production facility is ready to leave to the Greater Stella Area (GSA) in the UK North Sea in approximately two weeks.

The production unit is expected to start first oil from GSA three months later.

“The FPF-1 works are now being finalised, with preparation and performance of the inclination test being the only work required prior to the vessel exiting the yard,” Ithaca Energy Chief Executive Officer, Les Thomas, said.

North Sea Unit Ready for Sail-Away

The UK-based independent informed that modifications on the unit – which have suffered a series of setbacks until now – have finally been completed in the Remontowa Yard in Gdansk, Poland, with only two weeks of work left.

The remaining period will be dedicated to a planned inclination test and loading of supplies before the unit sets sail to the UK North Sea.

The FPF-1 is expected to leave the yard later this month and will complete the final marine system trials offshore Poland before being towed to the field.

“Further updates will be provided once the FPF-1 has left the yard and when it commences the tow to the field,” the company informed.

GSA Production Plan Could Include Tie-In

“We are delighted with the quality and completeness of the vessel, having achieved our key objective of completing the onshore scope in the year and avoided costly carry-over of unfinished work offshore,” the CEO added.

“Our existing production business is performing well, with volumes running ahead of guidance and continued deleveraging being delivered ahead of Stella start-up,” he stated further.

The onshore modifications scope has been concluded in the year without the need for any onshore scope to be carried offshore, the company informed.

The floating production unit is due to produce at the GSA, which contains the Stella and Harrier fields.

Initially, production will be done through five subsea wells on Stella, with plans to also tie-in the Hurricane discovery and potentially other prospects in the area.