Xcite Energy has signed a Memorandum of Understating (MOU) with Baker Hughes for the Bentley field development.
Under the MOU, Baker Hughes will be involved in the field specific, technical and commercial oil field services for Bentley.
Chief executive Rupert Cole said: “We are very pleased that Baker Hughes has joined the Bentley development group and we believe this is a further validation of the viability of this project and demonstrates the continuing progress we are making towards our field development plan. The provision of these key oil field services is an important part of the successful delivery of any project and we believe Baker Hughes has the necessary skills, expertise and track record to support our development group.
“We continue to make good progress with the planned assurance engineering programme and development partner commercial negotiations and remain focused on delivering a robust and compliant field development plan for this valuable asset.”
It’s the latest in a long list of MOUs for the Bentley field.
Xcite also penned agreements with AMEC, Arup and Teekay for the development.
Bentley’s field development has spurred Xcite Energy to become one of the first firms to get into the spirit of the Wood Review.
As revealed earlier this year, Xcite confirmed it would share technical and operational information with Shell and Statoil to evaluate potential areas of collaboration in the development of Bentley and the neighbouring Bressay field.
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