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FPF 1 modifications commence
Posted 11.05.2012 10:12:12 av John Bradbury
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Work to modify the FPF 1 Floating production facility for the North Sea Stella and Harrier field development has commenced by owner Petrofac.

After the two fields received development approval from the UK's Department of Energy and Climate Change last month, Petrofac says it has now started the modifications programme on the production ship, and an upgrade which was expected to take up to two years.

The production ship – which was being laid up at the UK Able yard on Teesside while a conversion yard was selected - is due to be deployed at Stella and Harrier in 2014.

Petrofac is undertaking the modifications via its Offshore and Energy operations business after the company secured an equity deal with field operator Ithaca Energy and partner Dyas. Through this deal, Petrofac acquired 20% equity in the Stella and Harrier development, in exchange for providing Ithaca and Dyas 80% equity in the production ship.
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