TechnipFMC has won lead front-end engineering design (FEED) work on the development of the IM gas condensate field, offshore Cameroon, Bowleven has reported.
The London-listed company is a junior partner in the Etinde licence, which is operated by privately held New Age (African Global Energy).
The service company will work alongside the joint venture team on the on- and offshore aspects of the proposed development plan. The operator will work on the reservoir engineering and sub-surface development aspects, Bowleven said.
“The award of a lead FEED contractor is a significant milestone for the JV partners, as we look to make a final investment decision [FID] on Etinde in 2020,” Bowleven’s CEO Eli Chahin said. “We are excited about our plans for the initial phase of the proposed development and look forward to working with Technip to finalise our development concept for the field over the coming months.”
The plan involves an onshore gas processing, storage and export facility, with a link to an unmanned wellhead platform with associated pipeline infrastructure.
New Age struck a preliminary deal with Victoria Oil & Gas’ local subsidiary on gas sales from the Etinde licence, in early February. This would see gas being supplied to Douala for local consumption and power generation.