(Source: Shutterstock.com)
Seatrium Ltd. announced on Aug. 28 that it had signed a letter of intent (LOI) for construction work on Shell Offshore Inc.’s Sparta project in the deepwater Gulf of Mexico.
Shell is expected to make a final investment decision (FID) on the Sparta project later this year. The final contract award for Sparta is contingent on project FID.
The Sparta production semisubmersible is conceived as a replicable project between Shell and Seatrium to leverage Seatrium’s topsides single lift integration methodology, following the Vito and Whale newbuild facilities.
The Sparta floating production unit is conceived as a replicable project between Shell and Seatrium to leverage the Group's topsides single lift integration methodology, following the Vito and Whale newbuild facilities. It comprises a single topside module supported by a four column semi-submersible floating hull.
Shell operates the project with 51% interest on behalf of partner Equinor with 49% interest.
Recommended Reading
Jefferies: With Permian Locked Up, E&Ps Hunt for New L48 Runway
2024-11-26 - With the core of the Permian Basin largely locked up, “intrepid operators” are hunting for runway in more nascent Lower 48 basins and in less developed Permian benches.
E&P Highlights: Nov. 25, 2024
2024-11-25 - Here’s a roundup of the latest E&P headlines, including North Sea production updates as well as major offshore contracts and a transfer of interests by Exxon in Suriname.
More Oil, Gas Exploration Needed Now—WoodMac
2024-11-25 - New discoveries can reduce costs and emissions intensity while delivering value for resource holders and explorers, Wood Mackenzie analysts said.
Exclusive: CNX Exec Says NatGas Goes Far Beyond Data Center Needs
2024-11-25 - As a resilient energy source, no other solution comes close to providing the dependable power of natural gas, CNX New Technologies President Ravi Srivastava told Hart Energy.
Vivakor Expands Crude Gathering Network in Oklahoma STACK
2024-11-25 - Midstream company Vivakor is building its network following the October acquisition of Endeavor Crude.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.