Project Profile
Value: US$750 million
Location: West of the Shetland Islands
Water depth: 350-520 m
Recoverable reserves: 250 - 600 million barrels of oil
Discovery year: October 1990
Start-up year: November 1997
Foinaven, located 190 kilometres west of the Shetland Islands, was the U.K.\'s first deepwater field and was sanctioned in 1994. Recoverable reserves are estimated to be in the range of 250 to 600 million barrels of oil. It is located in blocks 204/19 and 204/24a of the United Kingdom Continental Shelf. Oil is produced by subsea wells via a manifold, which passes through rigid flowlines and then flexible risers into a FPSO. Surface process facilities consist of two parallel oil separation and gas compression trains with a combined liquid handling capacity of 145,000 bpd (23,100 m3/d) of crude oil and 114 million cubic feet per day (3.2×106 m3/d) of associated gas.
Operators:
BP: Operator with 72% interest
RockRose Energy: 28% interest
Contractors:
GE Oil & Gas: Engineering studies for subsea processing and power-from-shore systems
Subsea 7: Construction, inspection, repair and maintenance services
Teekay Petrojarl: FPSO contract
DeepOcean: SURF work: project management, engineering and logistics. The offshore work is scheduled to be executed in the third quarter of 2017 with the Edda Freya offshore construction vessel. (March, 2017)