Global offshore engineering solutions provider Aquaterra Energy has secured a multimillion-dollar subsea lift contract through competitive bidding with BP for a subsea well development project located in Trinidad and Tobago.
Aquaterra Energy said it will offer a full end-to-end managed service as a fully independent OEM connector and assembly system. The contract will see Aquaterra Energy deliver a subsea lift system to BP’s Cypre project.
The system will be operated from a jack-up platform, which will support gas exploration from seven development wells in a water depth of around 80 metres. As part of the project, Aquaterra Energy will provide local content to the country, working alongside local manufacturers and transferring knowledge to the teams. Drilling activities are expected to begin in 2023 and gas production will begin in 2025, the company said.
“This contract consolidates our position as one of the leading specialists in riser systems globally. We are proud to say that we won our first riser contract with BP in 2010, and 13 years later we are still working together. BP chose us because we could offer a fully integrated approach with access to solution-oriented engineers. That’s one of the reasons our upstream project experience continues to grow, and I’m looking forward to the next part of that journey,” stated James Larnder, CEO of Aquaterra Energy.
According to a company statement, it will provide an integrated package of equipment, including platform modifications and personnel for complete end-to-end delivery, focusing on improved offshore efficiency and improved the security
“The win further demonstrates our team’s global expertise in support systems and collaborative approach to project delivery. We look forward to sharing this expertise and working closely with engineers in Trinidad and Tobago, sharing the our knowledge and leveraging existing local capabilities,” added Andrew McDowell, chief operating officer of Aquaterra Energy.
The Cypre project received the go-ahead from BP in September 2022. It will become BP’s third subsea development in Trinidad and Tobago.
It will include seven subsea wells and trees tied to BP’s existing Juniper platform via two new 14-kilometer (8.7-mile) flexible flowlines. The Cyprus gas field is located 78 kilometers (48.4 mi) off the southeast coast of Trinidad, within the East Mayaro block, which is expected to yield average gas production of 250-300 million feet standard cubic per day at its peak.
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