Enegi Oil Plc gives update on the Marginal Field Initiative

Enegi Oil Plc has shared an update on the development of the Marginal Field Initiative by ABT Oil and Gas Ltd (ABTOG) – its joint venture with ABTechnology Ltd. Subsequent to signing collaboration agreements with ABTOG, AGR Well Management Ltd (AGR) and Frames have become the latest members in the Marginal Field Delivery Consortium (Consortium), joining ABTOG, Kongsberg Maritime, Apollo and Braemar ACM who are already members of the consortium.

AGR and Frames as the latest members

ABTOG has been progressing the Marginal Field Initiative for a number of years and has assembled a consortium of established industry partners, focused on the delivery of marginal field projects. Each member of the consortium brings complementary expertise with the objective of providing the broad range of skills required to deliver field development projects.

AGR is one of the largest independent services and technology companies in the world and has an impressive record 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. AGR’s focus on maximising safety, cost-efficiency and performance excellence is perfectly aligned with the core values of the Consortium.

Frames provides the vital link between the well and the pipeline in the international oil and gas industry. It designs, delivers and constructs separation, treatment and control and monitoring systems, as well as total plant solutions and modules. Frames is already working closely with ABTOG and Kongsberg Maritime to devise 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.

Looking into the future

ABTOG 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. As with Frames and AGR, new members will invest time and resources into securing future opportunities for the advancement of the Marginal Field Consortium and Initiative.

Since establishing the consortium, members have been working together to pursue suitable projects and, having identified a number of marginal field opportunities which meet the development criteria, ABTOG is in discussions with oil and gas companies to advance these further.

Comment from Enegi

Alan Minty, CEO of Enegi, commented: “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.”

Comment from AGR

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.”

Comment from Frames

Jacques Melman, CEO Frames, said: “Frames is very pleased to join this Marginal Field Consortium where the strong individual know-how 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.”

 

Adapted from press release by Cecilia Rehn

Published on 16/06/2015


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