Royal IHC announced today it has signed a new contract for the engineering, procurement and construction (EPC) of a tandem mooring and offloading system for a floating, storage and offloading (FSO) vessel to operate at the Culzean field.
Under the agreement, the offloading system will be placed on the FSO vessel on behalf of Sembcorp Integrated Yard in Singapore.
“IHC is delighted to confirm this new contract with Sembcorp Integrated Yard for the supply of a new offloading system for use on an FSO vessel in the North Sea,” Mission Equipment Executive Director Joti Hakkert, said.
Royal IHC Gets Culzean Field FSO Job
The offloading system will consist of an offloading hose-reel assembly, complete with offloading hose and an OHTP (outboard hose termination piece), a mooring hawser reel assembly, complete with a quick-release mechanism.
As well as this, it includes a control cabin, an auxiliary pull-in winch, an actuated emergency shutdown valve and a hydraulic power unit, the company explained.
The Culzean oil field
The system is expected to be delivered in Autumn 2017 ready for installation, including a high proportion of local materials, due to the company’s close cooperation with IHC’s regional facilities in Singapore.
The vessel will be owned and operated by Maersk and will be operating at the Culzean gas field, located in block 22/25a of the UK Continental Shelf (UKCS).
Culzean Deal to Benefit IHC’s Position in the Market
“This contract provides further evidence that IHC is firmly established as a reputable partner for the design and development of advanced equipment for the floating production market – and the offshore industry at large”, Hakkert stated further.
Discovered in 2008 by Maersk Oil and its co-venturers, the Culzean gas condensate field holds approximately 250-300 million barrels of oil equivalent (boe) in resources.
Production expected to start in 2019 and continue for at least 13 years, with plateau production of 60,000 to 90,000 boe per day, according to information from Maersk Oil’s website.
The field located in the UK Central North Sea is expected to produce enough gas to meet 5% of the UK demand in 2020/2021.