Chevron has contracted Aker Solutions to support delivery of a subsea compression system for the Jansz-Io gas field, 200 km (124 mi) offshore the northwest coast of Western Australia.
Aker will perform front-end engineering and design (FEED) of a subsea compression station to boost gas recovery.
The FEED scope will also cover an unmanned power and control floating platform and field system engineering services. The field control station will send power from the shore to the subsea compression station.
Subsea compression system should help Chevron recover the gas more cost-effectively and with a smaller environmental footprint than a conventional semisubmersible compressor solution, Aker Solutions said in a press release
“Aker Solutions has worked closely with its partners MAN Energy Solutions and ABB to reduce the size and cost of the compression system,” Luis Araujo, CEO of Aker Solutions said in a statement. “Australia will be the first place outside of Norway to use the subsea compression technology.”
Compression should help maintain plateau gas output over time as reservoir pressure declines. Placing compressors on the seafloor, close to the wellheads, improves recovery rates and reduces capital and operating costs, Aker Solutions said.
Grace period allows the company to make the due payments within 30 days to avoid a formal default.
Glass Lewis has recommended that shareholders of Noble Energy Inc. vote in favor of the energy producer’s proposed $5 billion acquisition by Chevron Corp, the proxy advisory firm said in a statement on Sept. 18.
Inpex operates the $45 billion Ichthys project in Darwin. Chevron’s operations in Australia have been hit this year by an outage at its giant Gorgon LNG plant.