Baker Hughes bags Mariner production chemicals contract
- Business & Finance
Statoil (U.K.) Limited has awarded the contract for production chemicals and services for the Mariner field, in the UK North Sea, to Baker Hughes.
Namely, Baker Hughes will design and supply production chemicals and services to the Mariner field under an eight year contract, anticipated to start in July 2015. The contract also includes an extension option of four years.
The Mariner platform is currently under construction and production is scheduled to start in 2017. Statoil started laying pipes for the Mariner field on June 8, 2015.
The Mariner project entails investments of more than GBP 4.5 billion ($6.97 billion). The field is expected to produce for at least 30 years.
The average production is estimated at around 55,000 barrels of oil per day over the plateau period. The development plan includes a production, drilling and quarters (PDQ) platform based on a steel jacket, with a floating storage unit (FSU).
Statoil is the operator of Mariner with 65.11% equity. Co-venturers are JX Nippon Exploration and Production (U.K.) Limited (28.89%) and Dyas UK Ltd. (6%).