Civil engineering giant Costain is involved in a project which the Oil and Gas Authority has recently lauded as “significant” for the future of the UK continental shelf.
Costain has worked closely with Hurricane Energy to produce a number of field development options for its Lancaster oil field, West of Shetland.
Naturally-fractured basement reservoirs are prolific oil producers in global markets, but they represent a new opportunity for the North Sea.
Over the last 24 months the Costain team, in collaboration with Hurricane, has refined these original concepts to gain additional knowledge of the reservoir and minimise capital exposure, whilst providing an economic return on the capital invested.
The Hurricane early production system concept takes into account the current $50-barrel crude oil price environment – which is increasingly driving the development of novel solutions and cost-saving initiatives. Peter Kirkbride, Costain’s Senior Account Manager said:
“We are very pleased to be working closely with Hurricane on development of the Lancaster fractured basement reservoir; it offers amazing potential for the UKCS.
“Our evaluation work has played a significant role in the decision to implement an Early Production System on the Lancaster field, which will drive the progression of this innovative project and not only allow for a true understanding of reservoir performance but – critically – will also deliver an economic return on investment so far.”
Neil Platt, Chief Operations Officer, Hurricane Energy said: “We are delighted with the performance of Costain to date and look forward to working together in the same collaborative manner the future.”