Nexen lets EPC contract for North Sea offshore assets

Nexen Petroleum UK Ltd., a wholly owned subsidiary of CNOOC Ltd., has let an engineering, procurement, and construction contract to AMEC PLC for Nexen’s North Sea offshore assets.

The deal encompasses operational modifications and brownfield projects, and is reimbursable for 6 years, with the option of two extensions for an additional 2 years each.

AMEC in 2005 was responsible for the hook-up and commissioning support of Nexen’s Buzzard oil and gas production platform.

Nexen in 2004 acquired EnCana (UK) Ltd., an EnCana Corp. UK subsidiary, for $2.1 billion, providing Nexen with interests in the Buzzard oil and gas discovery, along with Scott and Telford fields plus other satellite discoveries, and interests in exploratory blocks totaling 740,000 net undeveloped acres (OGJ Online, Nov. 3, 2004).

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