BP hires Normand Reach for walk-to-work project at Mungo field
Oil firm BP will use the vessel Normand Reach on the Mungo field in the UK North Sea on a walk-to-work project with expected start-up late April/early May.
According to the vessel operator Reach Subsea, the contract is for 12 weeks, with options to extend if required. Financial details have not been disclosed.
Mungo, where the vessel will be deployed, is a large oilfield with a small gas cap, which separates liquids from gas. It has been developed under combined water and gas injection on a Normally Unmanned Installation (NUI) located above the field and tied back to the Central Processing Facility (CPF).
For 2018, Reach Subsea has a firm charter commitment on Normand Reach towards Solstad Offshore for 180 days, at a competitive base rate with a profit share. Through this contract, Reach Subsea will cover roughly 50% of the charter commitment on the Normand Reach spread, the company said.