ENEGI Oil's plan to develop North Sea fields using unmanned buoys has received a boost after two oil services firms agreed to work on the project.
Aim-listed Enegi said AGR Well Services and Frames have joined the consortium it established with ABT Oil and Gas (ABTOG) to develop fields using the buoys.
The company believes it can slash the cost of developing and operating assets using the technology and help to transform the economics of what are classed as marginal fields.
Alan Minty, the former Scotland squash international who is chief executive of Enegi, said AGR and Frames bring a wealth of experience and knowledge that enhances the consortium's ability to deliver marginal field development projects
AGR will provide well engineering and related project management services to the Marginal Field Initiative.
Enegi said Frames is already working closely with ABTOG and another consortium member Kongsberg Maritime to design and deliver offshore utility and process systems that can be operated on a normally unattended basis.
In April, Wood Group, the Aberdeen-based oil services giant, said it had ended talks with Enegi and ABTOG regarding a proposed marginal field development joint venture.
Kongsberg Maritime and the Braemar ACM Shipbroking business joined the marginal field initiative consortium the same month.
Enegi has interests in licences covering areas of the UK North Sea where it thinks the buoy technology could be used effectively.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article