Shell awarded TechnipFMC a contract to manufacture and install subsea production systems, umbilicals, risers and flowlines for Shell’s deepwater Sparta development, TechnipFMC announced Feb. 15.
Sparta is Shell’s first Gulf of Mexico (GoM) project to tap into the 20,000 psi Paleogene reservoir.
The integrated Engineering, Procurement, Construction and Installation (iEPCI) contract, valued between $250 million and $500 million, is for systems rated up to 20,000 psi. According to TechnipFMC, the tree systems will be Shell’s first to be qualified for 20K applications and are engineered to meet the high-pressure requirements of the greenfield development.
Shell reached final investment decision on the project in December and in January, Seatrium announced it had won a construction and integration contract for the production semisubmersible’s hull, topsides and living quarters.
The Sparta semisubmersible will be installed in the Garden Banks area of the GoM in 4,700 ft water depth.
Shell operates Sparta, which was originally discovered in 2012 by Cobalt Energy, with 51% interest on behalf of partner Equinor with 49% interest.
Recommended Reading
Mexico Pacific Appoints New CEO Bairstow
2024-04-15 - Sarah Bairstow joined Mexico Pacific Ltd. in 2019 and is assuming the CEO role following Ivan Van der Walt’s resignation.
Canadian Natural Resources Boosting Production in Oil Sands
2024-03-04 - Canadian Natural Resources will increase its quarterly dividend following record production volumes in the quarter.
OGInterview: Building EIV Capital’s Midstream Investment Strategy
2024-05-01 - Midstream-focused EIV Capital has added non-operated assets and transition projects to its portfolio as a sign of the times.
PrairieSky Adds $6.4MM in Mannville Royalty Interests, Reduces Debt
2024-04-23 - PrairieSky Royalty said the acquisition was funded with excess earnings from the CA$83 million (US$60.75 million) generated from operations.
Will the Ends Justify the Means for W&T Offshore?
2024-03-11 - After several acquisitions toward the end of 2023, W&T Offshore executives say the offshore E&P is poised for a bounce-back year in 2024.