Under the alliance, the companies have developed a new approach with Hurricane to improve the economics of the proposed development.
As part of the contract, the companies’ focus will be on system design optimisation and risk reduction while executing the project.
Technip and FMC are currently undertaking front-end engineering studies to meet Hurricane’s stated sanction date of the end of first half of next year.
Hurricane Energy CEO Dr Robert Trice said: “Their combined solution is ideally suited to the development of Lancaster and the Greater Lancaster Area.”
The Lancaster EPS has been developed as a fit for purpose concept by Hurricane, Technip and FMC, which enabled Hurricane to reduce the scope and the cost of the development.
Trice further added: “Our collaboration with them is a very important milestone as we look over time to develop the Greater Lancaster Area’s full potential, whose full extent we believe is yet to be defined.”
Hurricane said that the initial results from the company’s recent pilot well increased its internal base case resources on Lancaster to more than 300 million barrels.
Technip North Sea Canada president Knut Boe said: “Both Technip and FMC Technologies, through the alliance, are delighted to be selected as Hurricane’s exclusive SURF / SPS providers and look forward to facilitating the EPS and Greater Lancaster Area development.”