EPC Offshore lands subsea development contract with Ithaca
16 May 2011
EPC Offshore has won a £1million contract with Ithaca Energy which will see the company provide a team of experts to support key areas of the Greater Stella Area (GSA) Development project.
The initial phase will see EPC assist in developing the concept selection process across floating production, subsea and pipeline disciplines for the development of the Stella, Harrier and potentially Hurricane reservoirs, including provision of execution strategies for each element. A 10-strong team will be involved in the work which is the latest in a series of contact wins for the company which is on track to double its turnover in its second year of business. EPC’s chief executive officer Keith Wallace said: “This is a very important project for us and cements our position as the people who turn opportunities into assets. As we continue to grow and increase our portfolio, we are achieving some of our key strategic initiatives such as an increased market presence and increased service delivery for our clients.” Based in Albyn Terrace, EPC Offshore works with exploration and production companies to progress projects to sanction and final delivery. It uses a comprehensive and structured set of principles to achieve maximum project value, optimum resource utilization and quality assurance. The company, which employs more than 35 people, achieved a turnover in excess of £3 million in its first year.
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