Wood Group PSN to work on ABT buoy

Engineering services firm Wood Group PSN has been contracted to carry out engineering studies on a plan to deploy a production buoy facility design in the UK North Sea.

Under the contract with ABTechnology (ABT), the firm behind the production buoy design, Wood Group PSN will start pre-FEED and FEED studies as part of work to complete a field development plan (FPD) and environmental statement for the Fyne oil field.

ABT is a joint venture partner of Fyne project partner Enegi, which earlier this month agreed a farm-in deal with field operator Antrim Energy. The deal included the use of a production buoy on Fyne.

ABT’s buoy technology uses an unmanned buoy just below the surface of the water and housing production and processing equipment.  Oil produced is then offloaded to a tanker for transport to market.

The FDP for Fyne is due to be submitted by the end of the January 2014, with first production before 25 November 2016, Enegi said earlier in July.

Fyne is in UK License P077, which covers Block 21/28a in the central North Sea.  According to Enegi, it has 2P reserves of 9.9MM bbls. Five wells have been drilled on the field with free flow test rates of up to 4000 bbls/d.

Image: ABTechnologies' buoy technology.

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