New 4,600 tonne North Sea Cygnus gas field platform launches in Fife

Cygnus gas field platform launches in Fife1
Cygnus gas field platform launches in Fife1

Watch the launch live on Scottish Energy TV: http://goo.gl/yJdIL7

One of the largest N. Sea oil and gas platforms built this year has been launched from Burntisland Fabrication’s Methil yard in Fife.  

The 4,600 tonne Cygnus accommodation module, together with a 3400 tonne wellhead jacket and piles, is now en route to the Cygnus gas field, about 100 miles off Lincolnshire.  

The launch marks the completion of two major contracts by the yard on behalf of the gas field’s operator GDF SUEZ E&P UK and partners Centrica Energy and Bayerngas.

The Cygnus field is the largest discovery in the North Seas southern gas basin in the past 25 years. It is expected to meet the energy demands for nearly one and half million homes.

It will be Britain’s second biggest operating gas field, accounting for around 5% of the UK’s gas production.  

The contract to design and construct four jackets, complete with piles, was signed in August 2012. The first three jackets, totalling 7935 tonnes were completed in summer 2014 and have already been installed on site.

The fourth and final jacket was completed by the Fife fabricator earlier this year, and has been stowed in Dundee ready for deployment in tandem with the accommodation module.   The accommodation module contract award was announced by then UK Energy Minster Ed Davey in Aberdeen in May 2013.

The new module will be home to 66 workers and comprises living quarters, helideck and fire and rescue facilities.    

John Robertson, BiFab Managing Director, said: “The Cygnus project has over 80% UK content and showcases the ability of home-grown yards to meet the quality requirements of European energy customers.

“We continue to work closely with the Scottish and UK Governments to identify new opportunities and new sectors in the UK and beyond where BiFab can win new business and provide skilled jobs.”

 

Scottish oil and gas sector ‘struggling’, warns KPMG

Meanwhile, fewer Scottish businesses are failling into insolvency – but companies operating in Scotland’s oil and gas sector are ‘continuing to struggle’.

 In a latest insolvency survey,  Blair Nimmo, head of restructuring for KPMG in Scotland, said: “The overall picture remains positive for the majority of businesses in Scotland, most of whom are on a fairly stable footing and looking to the future with confidence.

“That being said, the national figures mask ongoing challenges facing businesses in certain industries.

“Oil and gas continues to struggle – even as the price of oil begins to climb.

“The summer budget went some way to relieving the pressure on the industry but challenges remain and the next six to 12 months will be an indicator of the sector’s resilience.”

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