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Costain saves operator millions in North Sea exploration project


Published Nov 20, 2015
Peter Kirkbride, project sponsor at Costain
Peter Kirkbride, project sponsor at Costain

UK engineering solutions provider Costain has been instrumental in helping Ithaca Energy save several millions of pounds, thanks to its sound management of subsea contracts in the operator’s Greater Stella Area (GSA) Development in the central North Sea.

Costain has been working on the project, which is driven by the recovery of approximately 60 million barrels of oil equivalent of proven and probable reserves for the GSA co-venturers, since 2010 and will be supporting the project to first oil, which is anticipated in mid-2016.

Costain’s involvement started at the concept selection phase, continuing through the definition phase, developing project budgets and assisting in placement of the major contracts.

Tags: Costain




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