TechnipFMC, Aker land Cara project studies
- Business & Finance
Engie E&P Norge has awarded contracts for feasibility studies for the Cara project (PL 636) in the Norwegian part of the North Sea to TechnipFMC AS and Aker Engineering and Technology.
The studies intend to show the potential, challenges and opportunities at an early stage of the development. Specifically, they will consider whether the Cara discovery could be tied-in to existing Gjøa infrastructure through a subsea solution, Engie said on Friday.
“Cara is the second largest oil and gas discovery made on the Norwegian Continental Shelf in 2016, with an estimated volume from 40 to 80 million barrels of oil equivalent. The well shows good reservoir properties and potential for higher resources,” says Head of Subsurface Raphaël Fillon in Engie E&P Norge.
The Cara-well is located 6 kilometers northeast of the Engie E&P operated Gjøa field in the northern part of the Norwegian North Sea.
Two separate and parallel studies
TechnipFMC AS and Aker Engineering and Technology will conduct two feasibility studies. The scope of work covers two separate and parallel studies that will identify various subsea solutions for a tie-in of Cara to the Gjøa installation.
The work has started and will be completed in June 2017.
In accordance with regulatory requirements, the Cara license recently submitted the Final Well Report and Discovery Evaluation Report to the Norwegian authorities. Engie noted that this means that the project is on schedule for a potential investment process, namely the initial phase of reservoir modelling and identification of possible development solutions (Gate 1).
“Together with our license partners, we will evaluate the possibility to use existing infrastructure at the nearby Gjøa field. This will reduce both time and costs related to a future development,” said Raphaël Fillon.
The partners of the production license PL 636 are Engie E&P Norge (30% and operator), Idemitsu Petroleum Norge (30%), Tullow Oil Norge (20%) and Wellesley Petroleum (20%).