Bowleven plc Lead FEED contract awarded for Etinde (9655E)
March 04 2020 - 2:00AM
UK Regulatory
TIDMBLVN
RNS Number : 9655E
Bowleven plc
04 March 2020
4 March 2020
Bowleven plc
('Bowleven' or 'The Company')
Lead FEED contract awarded for Etinde, offshore Cameroon
Bowleven, the Africa focused oil and gas exploration group
traded on AIM, is pleased to confirm the award of a contract to
TechnipFMC plc ("Technip") to appoint them as lead FEED ("Front End
Engineering Design") contractor in respect of the proposed
development of the offshore IM gas condensate field at Etinde,
Cameroon.
Under the terms of the award, Technip would work alongside and
report to the integrated JV partner Operations team to lead the
onshore and offshore elements of the FEED programme in respect of
the proposed development. The reservoir engineering and sub-surface
development aspects of the wider FEED process will be undertaken by
the Operator.
The initial phase of the development concept proposed by the JV
partners comprises an onshore gas processing, storage and export
facility linked to an unmanned well head platform with associated
pipeline infrastructure.
Eli Chahin, Chief Executive Officer of Bowleven plc, 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
on Etinde in 2020. 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."
ENQUIRIES
For further information, please contact:
Bowleven plc
Eli Chahin, Chief Executive 00 44 203 327 0150
Celicourt Communications Ltd
Mark Antelme 00 44 208 434 2643
Jimmy Lea
Shore Capital & Corporate Ltd (NOMAD)
Shore Capital Stockbrokers Ltd (Broker)
Robert Finlay 00 44 207 408 4090
Antonio Bossi
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contact rns@lseg.com or visit www.rns.com.
END
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