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).
About the Author
Bob Tippee
Editor
Bob Tippee has been chief editor of Oil & Gas Journal since January 1999 and a member of the Journal staff since October 1977. Before joining the magazine, he worked as a reporter at the Tulsa World and served for four years as an officer in the US Air Force. A native of St. Louis, he holds a degree in journalism from the University of Tulsa.
