Menu
07/08/2012
Cygnus Project Brings 1,200 Jobs To The UK
GDF SUEZ as operator with partners Centrica and Bayerngas have announced sanctioning of the £1.4 billion Cygnus project to develop the sixth largest gas field in the UK Southern North Sea.
GDF SUEZ (38.75%) will operate the field with partners Centrica (48.75%) and Bayerngas (12.5%).
Initial contracts worth £375 million were signed by GDF SUEZ on behalf of the partnership to kick start the project. The majority of this (£337m) will be invested directly in the UK generating an initial 1,200 jobs.
In total around £1.4 billion will be invested in the Cygnus project, 80% of which is expected to be awarded to UK-based companies creating 4,000 direct and indirect jobs over the next four years during the construction phase.
The Cygnus field is the largest discovery in the Southern Gas Basin in the last 25 years.
Production is expected to start in late 2015. The field is expected to meet demand for nearly one and a half million homes at peak production, accounting for around 5% of the UK’s gas production.
The partnership welcomed the recent field allowance for new large shallow water gas fields by the UK Government, which provided the certainty and confidence to proceed with the development. Major contracts will be awarded progressively.
Jean-Marie Dauger, Executive Vice-President, GDF SUEZ said: "Cygnus, along with the Juliet development which we announced in June, are major projects for the UK gas industry and demonstrates our commitment to the North Sea. I am delighted to announce that we have signed these initial contracts which demonstrate our commitment to the UK supply chain. We are proud that Cygnus will bring substantial jobs and investment to the UK. We look forward to working with our partners and contractors to develop this very significant project."
(CD/GK)
GDF SUEZ (38.75%) will operate the field with partners Centrica (48.75%) and Bayerngas (12.5%).
Initial contracts worth £375 million were signed by GDF SUEZ on behalf of the partnership to kick start the project. The majority of this (£337m) will be invested directly in the UK generating an initial 1,200 jobs.
In total around £1.4 billion will be invested in the Cygnus project, 80% of which is expected to be awarded to UK-based companies creating 4,000 direct and indirect jobs over the next four years during the construction phase.
The Cygnus field is the largest discovery in the Southern Gas Basin in the last 25 years.
Production is expected to start in late 2015. The field is expected to meet demand for nearly one and a half million homes at peak production, accounting for around 5% of the UK’s gas production.
The partnership welcomed the recent field allowance for new large shallow water gas fields by the UK Government, which provided the certainty and confidence to proceed with the development. Major contracts will be awarded progressively.
Jean-Marie Dauger, Executive Vice-President, GDF SUEZ said: "Cygnus, along with the Juliet development which we announced in June, are major projects for the UK gas industry and demonstrates our commitment to the North Sea. I am delighted to announce that we have signed these initial contracts which demonstrate our commitment to the UK supply chain. We are proud that Cygnus will bring substantial jobs and investment to the UK. We look forward to working with our partners and contractors to develop this very significant project."
(CD/GK)
Related Northern Ireland Recruitment News Stories
Click here for the latest headlines.
27 May 2011
Heathrow Terminal 2 Jobs Boost
BAA has announced that the construction of Heathrow’s new Terminal 2 would create 35,000 jobs over the life of the project. The £2.2bn development, which will have as many as 5,000 people on site at its peak, is the UK’s largest privately funded construction project and will open to passengers in 2014.
Heathrow Terminal 2 Jobs Boost
BAA has announced that the construction of Heathrow’s new Terminal 2 would create 35,000 jobs over the life of the project. The £2.2bn development, which will have as many as 5,000 people on site at its peak, is the UK’s largest privately funded construction project and will open to passengers in 2014.
13 January 2016
600 Jobs Axed Across BP's North Sea Operations
Unite the union has reacted with dismay to the imminent loss of 600 oil and gas jobs across BP's North Sea operations and reiterated its call for government and industry to work with offshore trade unions in an effort to tackle the ongoing crisis.
600 Jobs Axed Across BP's North Sea Operations
Unite the union has reacted with dismay to the imminent loss of 600 oil and gas jobs across BP's North Sea operations and reiterated its call for government and industry to work with offshore trade unions in an effort to tackle the ongoing crisis.
20 April 2017
80 Belfast Jobs Secured At Harland & Wolff
Eighty jobs are to be supported in Belfast following an announcement that Harland and Wolff are to export to a German windfarm project. The 56-turbine windfarm will use two types of steel foundations – suction bucket jackets and monopiles.
80 Belfast Jobs Secured At Harland & Wolff
Eighty jobs are to be supported in Belfast following an announcement that Harland and Wolff are to export to a German windfarm project. The 56-turbine windfarm will use two types of steel foundations – suction bucket jackets and monopiles.
25 November 2016
New Contract Secures 200 Harland & Wolff Jobs
Harland and Wolff (H&F) have announced a new multi-million pound contract will secure up to 200 jobs at the Belfast-based manufacturer. H&F have been contracted by ScottishPower Renewables to produce steel foundation jackets for major new offshore windfarm scheme, East Anglia ONE.
New Contract Secures 200 Harland & Wolff Jobs
Harland and Wolff (H&F) have announced a new multi-million pound contract will secure up to 200 jobs at the Belfast-based manufacturer. H&F have been contracted by ScottishPower Renewables to produce steel foundation jackets for major new offshore windfarm scheme, East Anglia ONE.
19 September 2011
New Engine Plant Will Drive UK Growth
Deputy Prime Minister Nick Clegg and Business Secretary Vince Cable have welcomed Jaguar Land Rover’s (JLR) announcement today that it plans to create 750 jobs at a new engine plant in Wolverhampton.
New Engine Plant Will Drive UK Growth
Deputy Prime Minister Nick Clegg and Business Secretary Vince Cable have welcomed Jaguar Land Rover’s (JLR) announcement today that it plans to create 750 jobs at a new engine plant in Wolverhampton.
-
Northern Ireland WeatherToday:A cloudy day with outbreaks of mainly light rain at times, although there may be the odd heavier burst. Driest in the south and east during the afternoon. Moderate southwesterly winds. Maximum temperature 11 °C.Tonight:Staying cloudy throughout the evening and overnight period with a little rain or drizzle at times. Mild overnight with light winds. Minimum temperature 7 °C.
