Engineering and project management specialists AMEC (LSE: AMEC) and privately held Parsons Brinckerhoff and Senergy have been appointed to undertake front-end engineering design (FEED) for a £600 million underground gas storage scheme in the Irish Sea.
The new Gateway offshore gas storage facility aims to increase the current UK gas storage capacity by approximately 30%, equating to five days of British gas demand.
The Gateway Storage Co formed to develop the gas storage project, and secured consent from the UK government in November 2008. The storage facility will be built in salt caverns, approximately 750m beneath the surface of the seabed, 15 miles offshore south west of Barrow-in-Furness. The facility will be connected to the National Gas Transmission Scheme via a new pipeline to a compression station adjacent to existing gas terminals at Barrow.
The current phase of the project will provide 1.5 billion cubic metres of storage capacity, with the possibility of expansion in the future. Work over the next 12 months will support a commitment to construction of the facility at the end of 2010 and enable the commencement of gas storage services for the UK market in 2014.
FEED broadly refers to the design phase of large scale engineering projects. Through visualisation, conceptualisation and definition stages the FEED determines feasibility and initial project cost estimates. The partnership will perform the FEED for both the offshore and onshore elements. http://www.proactiveinvestors.co.uk/companies/news/12478/amec-among-companies-to-design-600-mln-gateway-offshore-gas-storage-facility-in-irish-sea-12478.html
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