Bream FPSO FEED Contract Awarded to Sevan Marine
- Business & Finance
Premier Oil Norway AS has awarded Sevan Marine a FEED (Front End Engineering and Design) contract for the hull and marine systems of a Sevan type cylindrical FPSO.
The FPSO will operate in the Premier Oil’s Bream field in the Norwegian Central North Sea.
CEO Carl Lieungh comments: “We are both proud and pleased to receive this FEED contract, demonstrating Premier Oil’s continued confidence in our technology.”
Bream is an oil field located 50km northwest of the Yme field. The field was awarded to Premier and partners in the 2006 APA licensing round, having originally been discovered in the 1970s. The discovery was successfully appraised during 2009.
The Bream development concept is planned to be an FPSO with subsea production and water injection wells. The Mackerel development will be a 17km subsea tie-back to the Bream facilities.
Premier currently estimates that the Bream and Mackerel fields contain around 50 mmboe of 2C resources.
Press Release, September 24, 2014; Image: Premier Oil