GDF Suez lets Cygnus field FEED contract

By OGJ editors

GDF Suez E&P UK has taken a step toward development of its large Cygnus natural gas discovery in the southern gas basin of the UK North Sea.

The company let a front-end engineering design contract worth an estimated £50 million to AMEC, London, with an option to proceed into to the detailed design and procurement phase.

Jean-Claude Perdigues, managing director of GDF Suez E&P UK, said a final investment decision is due in 2012.

Last year Endeavour International Corp., a 12.5% partner, said well and seismic data indicated Cygnus might have 500 bcf to as much as 1.2 tcf of gas reserves (OGJ Online, July 7, 2010).

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