Canada's Antrim Energy issued an update on its UK North Sea activities Friday in which it reported that an operation to boost production at the Causeway field is expected to be completed this month. Meanwhile, the company also reported that it is to opt out of the Fionn field development in the south east area of the UK North Sea.
Antrim said that rig operations are currently underway to complete the water injector for the Valiant-operated Causeway field in Block 211/23d of license P1383, in which Antrim has a 35.5-percent interest. The operations are on the previously-drilled well 211/23d-18.
The company said that the startup of both the water injector and the electrical submersible pumps are scheduled for the second half of 2013, following the completion of topside modifications on the TAQA Bratani-operated North Cormorant Production Platform. Currently, the Causeway field is producing approximately 4,500 barrels of oil per day.
Antrim also reported that the projected costs associated with the development of the smaller Fionn field, which is adjacent to the Causeway field, have "risen to the extent that the project no longer meets Antrim's economic criteria". Consequently, Antrim has elected to opt out of the Fionn field development, although under agreements it will retain a 35.5-percent interest in the remainder of P201 Block 211/22a.
Meanwhile, Antrim confirmed that production resumed Jan. 20 at the Cormorant East field after the precautionary shutdown of the TAQA Bratani-operated Cormorant Alpha platform and the Brent Pipeline System in mid-January. Antrim reported that production at the field is temporarily shut in so that well integrity and reservoir potential can be assessed. The field is initially being produced under primary depletion via a single production well that is tied directly to, and accessible from, the North Cormorant Platform.
Antrim also confirmed that a draft field development plan for its Fyne field, located in Block 21/28a in license P077 and where it has a 100-percent interest, was submitted to the UK Department of Energy and Climate Change on January 14 and that it expects to get approval for this by April.
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