Drydocks World to Build Subsea Facility for Premier Oil’s Solan Field
- Business & Finance
Drydocks World, a UAE-based service provider to the global maritime and offshore oil and gas industry has entered into a multi-million contract with Premier Oil, to build subsea facility for Solan oil field in UK.
“We have achieved yet another breakthrough in penetrating the offshore oil sector with our superlative services by entering into this agreement with a reputed company like Premier Oil. The subsea oil tank is an essential component of a significant project, the Solan field, which is a future prospective resource of the United Kingdom. Our consistent emphasis on safety, quality and operating excellence has helped us acquire premium projects for industry leading companies and has helped in value addition to the advantage of our clients,” said Khamis Juma Buamim, Chairman of Drydocks World and Maritime World.
Simon Lockett, CEO Premier Oil said, “Premier is delighted to have awarded the contract for the construction of the subsea oil storage tank to Drydocks World. The subsea tank will constitute a critical component of the Solan field development and we look forward to working closely with Drydocks World to deliver the contracted works safely, on schedule and within budget.”
The Solan field is located in the UK North Sea, west of the Shetland Islands (block 205/26a), at a water depth of approximately 137 metres. Premier is the operator of the Solan field, where production is estimated to commence in the fourth quarter of 2014.The field is expected to produce approximately 40 million barrels of oil with an estimated initial production rate of 24,000 barrels of oil per day.
Offshore Energy Today Staff, November 28, 2012