Energy futureAcergy to develop Victoria Field
As the price of oil rises, the exploitation of difficult-to-reach oil and gas fields becomes more attractive; contract signed to develop Victoria Field in the southern North Sea
Aberdeen-based Silverstone Energy and its management contractor ADIL have awarded a £9 million contract to Sunbury-on-Thames-based Acergy, a Surrey-based seabed-to-surface engineering and construction contractor, for work in the southern North Sea. The contract covers the installation of a flowline and control umbilical and associated subsea construction work to develop the Victoria Field gas well as a tieback to the Viking BD platform. First gas, expected to be delivered in September 2008, will be exported 130 km through the Viking Transportation System subsea pipeline to the Theddlethorpe Gas Terminal on the Lincolnshire coast. Silverstone owns 50 per cent of the Victoria field, with the remaining equity held by ConocoPhillips and BP.
