[UK] BW Catcher
Posted: Sun Jan 02, 2022 4:30 pm
Signed contract for the Catcher FPSO
02.05.2014
BW Offshore has signed the contract with Premier Oil for a FPSO to operate on the Catcher oil field in the UK North Sea.
The firm charter period of the contract is 7 years, with extension options of up to 18 years. Based on a field life of 10 years, the contract value is USD 2.3 billion including FPSO charter rate and opex.
For additional information on the contract, please see the notice on 1 April 2014.
First oil produced by the BW Catcher FPSO
23.12.2017
BW Offshore is pleased to announce that first oil from the Catcher FPSO was safely achieved on 23 December 2017.
The initial hydrocarbon volumes were produced following a very effective hook-up and commissioning period. The FPSO arrived at the Premier Oil-operated Catcher field offshore UK on 18 October, after sail-away from the Keppel Shipyard in Singapore in late August and a brief stopover at Nigg.
"The Catcher development project is nearing completion on time and well within budget. We are very pleased with the effective hook-up and commissioning, which reflects extensive preparations through-out the construction phase and a well-planned offshore installation program," said Carl K. Arnet, the CEO of BW Offshore.
BW Catcher is owned and operated by BW Offshore and will commence a seven-year fixed term contract, with extension options of up to 18 years. The Catcher field partnership is made up of Premier Oil (50%), Cairn Energy (20%), MOL Group (20%) and Dyas (10%). The unit has an oil storage capacity of 650,000 barrels and a processing capacity of up to 60,000 barrels per day. The FPSO has a design life of 20 years of uninterrupted operations.
02.05.2014
BW Offshore has signed the contract with Premier Oil for a FPSO to operate on the Catcher oil field in the UK North Sea.
The firm charter period of the contract is 7 years, with extension options of up to 18 years. Based on a field life of 10 years, the contract value is USD 2.3 billion including FPSO charter rate and opex.
For additional information on the contract, please see the notice on 1 April 2014.
First oil produced by the BW Catcher FPSO
23.12.2017
BW Offshore is pleased to announce that first oil from the Catcher FPSO was safely achieved on 23 December 2017.
The initial hydrocarbon volumes were produced following a very effective hook-up and commissioning period. The FPSO arrived at the Premier Oil-operated Catcher field offshore UK on 18 October, after sail-away from the Keppel Shipyard in Singapore in late August and a brief stopover at Nigg.
"The Catcher development project is nearing completion on time and well within budget. We are very pleased with the effective hook-up and commissioning, which reflects extensive preparations through-out the construction phase and a well-planned offshore installation program," said Carl K. Arnet, the CEO of BW Offshore.
BW Catcher is owned and operated by BW Offshore and will commence a seven-year fixed term contract, with extension options of up to 18 years. The Catcher field partnership is made up of Premier Oil (50%), Cairn Energy (20%), MOL Group (20%) and Dyas (10%). The unit has an oil storage capacity of 650,000 barrels and a processing capacity of up to 60,000 barrels per day. The FPSO has a design life of 20 years of uninterrupted operations.