John Wooden Group PLC has scored a number of contracts price a mixed $330 million from Harbour Power PLC beneath a strategic partnership deal for the latter’s operations in the UK aspect of the North Sea.
Underneath the deal referred to as a grasp companies settlement, “Wooden will present engineering, procurement and development (EPC) and operations and upkeep (O&M) companies, together with digital and decarbonization options, for various Harbour’s offshore belongings crucial to UK vitality safety”, Wooden stated in a current press launch.
“The strategic partnership will run for an preliminary time period of 5 years, with 5 one-year extension choices masking Harbour’s operated belongings, together with its J-Space, Higher Britannia Space, Solan and AELE (Armada, Everest, Lomond and Erskine) hubs”.
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In AELE Harbour’s agenda for 2023 consists of nicely intervention scopes and the maturation of a possible infill alternative within the North West Seymour appraisal nicely, in keeping with data on the corporate’s web site. Armada, Everest, Lomond and Erskine had a mixed common manufacturing of 27,000 barrels of oil equal per day (boepd) final yr, based mostly on information on the positioning.
Harbour is the operator of the Armada group of fields, the Everest platform and the Lomond platform with a 100% stake in every of the three belongings. The Erskine fuel subject is a non-operated asset by which it holds a 32 p.c curiosity.
Within the Nice Britannia Space (GBA), which produced 31,000 boepd on common 2022, Harbour plans to renew drilling on the Callanish subject within the second half of this yr and appraise one other discovery within the Leverett subject for tieback to the GBA infrastructure. “Harbour can also be maturing additional exploration and appraisal alternatives within the space in addition to a possible infill alternative on Brodgar concentrating on an space to the east of the sector”, the corporate says on its web site.
Harbour operates 4 belongings within the GBA: the Britannia platform with a 58.7 p.c curiosity, the Brodgar subject with 93.75 p.c, Callanish with 83.5 p.c and the Enochdhu subject with 50 p.c. It additionally holds a 26.3 p.c non-operated curiosity within the Adler subject mission.
Within the J-Space, Harbour’s second greatest manufacturing contributor final yr with 30,000 boepd, improvement drilling is deliberate on the Talbot subject and the Jocelyn South exploration nicely this yr. Focused to begin producing 2024, the Talbot mission consists of a multi-well subsea tieback to J-Space services, in keeping with data on the web site.
Harbour operates the Jade subject with a 67.5 p.c curiosity, the Jasmine subject with 67 p.c and the Judy subject with 67 p.c. Talbot is operated by Chrysaor Petroleum Co. UK Ltd. with a 36.5 p.c curiosity, whereas Chrysaor Ltd. holds 30.5 p.c. Each firms are wholly-owned oblique subsidiaries of Harbour.
Wooden government president of operations Steve Nicol stated in a press release Wooden is “assured our built-in digital options and world-leading engineering, operations and decarbonization experience will allow Harbour to maximise their funding and make sure the UK continues to have the vitality combine it wants”.
“We’ve got labored on North Sea belongings for greater than 50 years and excel in designing and managing the complexity of vitality infrastructure whereas on the identical time looking for to attenuate related emissions”, Nicol added.
Harbour vice-president of provide chain Audrey Stewart commented that “the signing of this contract is a crucial step ahead in establishing our suite of long-term strategic partnerships throughout our North Sea belongings”.
Wooden stated the execution of the contracts would make use of lots of of individuals in its operations enterprise within the Scottish metropolis of Aberdeen, with additional hiring anticipated subsequent yr.
To contact the writer, e-mail jov.onsat@rigzone.com
