An Aberdeen floating production solutions firm has agreed a new venture with a global leader in project management, engineering and construction, to develop marginal fields in the North Sea and West of Shetland.
Amplus Energy Services, which is headquartered in the city’s Grandholm area, has struck a deal with Technip in the UK to work together to contribute to the development of untapped oil reserves.
With much of the remaining reserves inaccessible using existing infrastructure, the two firms have joined forces using their individual expertise to provide an integrated solution for challenging field developments.
There is an estimated 24 billion barrels of oil equivalent (boe) still to be developed and produced in the North Sea (at $110 per oil barrel price) and Sir Ian Wood’s report last year outlined a requirement for collaboration to maximise recovery of the country’s oil and gas resources.
The collaboration between Technip in the UK and Amplus is in line with the recommendations of the report and will help streamline costs, allowing companies to safely tap into more challenging reserves.
Amplus and Technip in the UK are already jointly evaluating two potential projects West of Shetland and in the Central North Sea.
Technip in the UK will bring its extensive project management, engineering and market leading products to the relationship, developing cost efficient subsea infrastructure, while Amplus has developed a dynamically-positioned versatile production unit.
This utilises proven FSPO (floating, production, storage and offloading) and DP vessel technology. The vessel has been specifically designed to meet the rigorous safety and environmental conditions of the North Sea and is also suitable for projects in other areas of the world such as West Africa, Gulf of Mexico, Brazil and South East Asia.
The new unit has evolved from proven DP FPSO technology, from a major oil and gas operator, and the disconnectable turret system is field-proven in the North Sea, Gulf of Mexico and Australia. It provides 200,000bbl oil storage capacity and a NOV designed topsides processing system.
With a team of four office based staff and up to 25 contractors, Amplus was launched in 2008 and focuses on focussed developing solutions to access uneconomic or stranded reserves.
Ian Herd, Managing Director, Amplus, said: “We have already invested more than $5 million in the development of our versatile production unit and it has been specifically designed for small/medium sized fields or as an early production system on larger fields.
“Working alongside such a global leader as Technip to support the subsea infrastructure brings immense benefits to Amplus and offers the industry a strong collaboration to get these smaller fields developed. ”
Bill Morrice, Technip UK Managing Director, commented : “With the industry facing uncertain times, we are constantly striving to provide our clients with innovative technologies as well as smart and cost-effective solutions to meet the world’s energy challenges.
“This collaboration with Amplus is exciting and is a positive news story for the industry as a whole, and one which we hope will open new avenues for challenging field developments.”