Marathon's Symphony pipeline advances following open season results
Marathon Oil's positive feedback from a recently completed open season for shipping capacity on its proposed Symphony natural gas pipeline in the North Sea has led to a second phase of discussions
By OGJ editors
HOUSTON, Nov. 11 -- Marathon Oil Co.'s positive feedback from a recently completed open season for shipping capacity on its proposed Symphony natural gas pipeline in the North Sea has led to a second phase of discussions with interested parties to determine how best to supply UK gas demand.
Marathon received expressions of interest totaling 17 billion cu m/year of term transportation capacity (1.65 bcfd) from prospective gas shippers on the pipeline, which it said "indicates a clear market signal in favor of new pipeline infrastructure in the North Sea to meet the UK's expected gas supply shortfall."
Announced in February of this year (OGJ, Mar. 11, 2002, p. 8), the Symphony pipeline project was designed to help meet the UK's growing demand for natural gas by delivering about 900 MMcfd of dry natural gas from Norway's Heimdal area in the North Sea to Bacton, on the UK's southeast coast, a distance of 675 km. The line would pass through the Marathon-operated UK Brae complex and near the UK Miller and Britannia complexes.
Pending results of the current discussions, Marathon said the pipeline could come on line in 2005, assuming timely regulatory approvals, financing, and final engineering design.