Marginal Field Initiative welcomes new members
The Marginal Field Initiative by ABT Oil and Gas Ltd. (‘ABTOG’), has signed collaboration agreements with AGR Well Management Ltd. (‘AGR’) and Frames, who become the latest members in the Marginal Field Delivery Consortium. AGR and Frames join ABTOG, Kongsberg Maritime, Apollo and Braemar ACM in the Consortium.
ABTOG, a joint venture between Enegi Oil and ABTechnology, has been progressing the Marginal Field Initiative for several years and has assembled a consortium of industry partners focused on the delivery of marginal field projects. The objective of the Marginal Field Initiative is to develop marginal hydrocarbon fields around the world and unlock the resources which could remain undeveloped, as conventional solutions render them uneconomic to produce.
AGR, the new member of the consortium, is one of the largest independent services and technology companies in the world, delivering subsurface studies, training and drilling wells, covering the entire oilfield lifecycle from exploration through appraisal to development, production and abandonment.
AGR will provide a range of services to design and deliver well engineering and well project management elements of marginal field development projects.
As for Frames, the company provides the link between the well and the pipeline in the international oil and gas industry. Frames designs, delivers and constructs separation, treatment and control and monitoring systems, as well as total plant solutions and modules.
Frames is already working with ABTOG and Kongsberg Maritime to design and deliver offshore process and utility systems that can be operated on a normally unattended basis, a key component in enabling marginal offshore fields to be economically developed.
ABTOG has said it is in discussions to add further specialists to the Consortium, based on the same principles, and expects to announce additional members of the Consortium in the near future.
Alan Minty, CEO of Enegi, said: “With Frames and AGR joining our Consortium, we have secured two organisations that bring a wealth of experience and knowledge that enhances the Consortium’s ability to deliver marginal field development projects. This is an exciting time for the Consortium as the industry seeks new solutions to the severe challenges it is facing. As a Consortium, we are able to provide a coherent vision of how marginal field projects can be transformed and delivered on time and within budget.”
Ian Burdis, AGR’s Executive Vice President, UK & West Africa, said: “We are delighted to be working alongside ABTOG in the Marginal Field Consortium. AGR have many years’ experience in the design, engineering and project management of well and drilling activities for the international oil and gas industry. ABTOG and AGR believe that their approaches and objectives are aligned and look forward to working together in order to secure and deliver marginal field projects.”
Jacques Melman, CEO Frames, said: “Frames is very pleased to join this Marginal Field Consortium where the strong individual knowhow of the partners is combined to deliver economically feasible offshore Marginal Field Projects. Frames will contribute with its 30 years’ of experience in designing, engineering, and building process package for onshore and offshore upstream projects. Now more than ever, there is a strong need for clever, standardised, and economical production facilities to unlock the resources from marginal and stranded fields. Frames will bring the best process solutions with a key focus on both safety and the environment. We at Frames are looking forward to working with ABTOG and its partners to deliver cost effective solutions.”