UK: Fairstar Wins Golden Eagle Gig from Saipem

Fairstar Heavy Transport N.V. (FAIR) has been awarded two contracts by Saipem to provide marine transportation services for the Golden Eagle Project in the North Sea, offshore UK.

The first voyage is scheduled in early 2013 and will involve the FINESSE. The second voyage is scheduled in early 2014 and will involve the FJORD. The total contract value is Euro 11.99 million.

In October last year, Nexen Inc. received approval from the UK Department of Energy and Climate Change (DECC) to proceed with the Golden Eagle area development – a GBP 2 billion (C$3.3 billion) investment (GBP 750 million net to Nexen) that is expected to produce an estimated 140 million barrels of oil equivalent (gross) of proved and probable reserves over an 18-year period.

The Golden Eagle development encompasses both the Golden Eagle and Peregrine reservoirs located in central North Sea blocks 20/1N, 20/1 and 14/26a, approximately 43 miles from Aberdeen. The development plan for Golden Eagle incorporates a combined production, utilities and accommodation platform linked to a separate wellhead platform. Plans call for 20 development wells (16 platform-based and four subsea) to be drilled. The development will also include associated in-field and export pipeline infrastructure.

[mappress]
Offshore Energy Today Staff, January 27, 2012; Image: Fairstar Heavy Transport N.V.