Apache chooses builder for new Forties oil platform


Apache chooses builder for new Forties oil platform

U.S.-based Apache Corp has selected UK-based engineering contractor Offshore Group Newcastle to build a new production platform for big Forties oilfield, OGN said. OGN said the deal, worth 150 million pounds, will create over 1,000 jobs for about 20 months at its Hadrian Yard site in Newcastle.

"The North Sea oil and gas market is coming back to life and infrastructure investment looks set to increase further, which is great for Tyneside and the North East region," OGN chairman, Dennis Clark, said in a statement.

The new platform will be linked to the existing Forties Alpha installation in the Apache-operated UKCS Forties field -- one of the biggest in the North Sea -- which Apache bought from BP in 2003.

"This project will provide Apache with 18 new slots for drilling additional development wells to increase the ultimate recovery from the prolific Forties field," James House, Apache's managing director for the North Sea said in a statement.

Onshore work for the new platform is expected to be completed in July 2012 and it will then be towed to the field. The Forties platform produced just under 62,000 barrels of oil a day in July, according to the latest government figures.

In July 2010 Apache reached a deal in July to buy $7 billion (4.4 billion pounds) in assets from BP as the UK oil major raises money to cover costs related to the oil spill in the Gulf of Mexico.

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