SBM Offshore has announced that Premier Oil has awarded the company the front-end engineering and design (FEED) contract for an FPSO for Phase 1 of its Sea Lion development in the North Falkland Basin.
The 18-month contract covers the FEED elements of the proposed FPSO, which will be a converted FPSO with a throughput capacity of approximately 85,000 barrels per day.
The proposed Phase 1 Sea Lion project is jointly operated by Premier Oil and Rockhopper Exploration.
The first phase is subject to a final investment decision targeted for the end of the FEED in the second half of 2017. Subsequent phases to developing Sea Lion and the wider North Falkland Basin reserves, utilizing FPSOs, are envisaged.
