EnQuest on Track for Kraken Go-Ahead

UK independent EnQuest reported Wednesday that it is on course to submit a field development plan for its Kraken development in the UK North Sea during the current quarter. The firm said it expected to sanction the development of Kraken later in 2013.

"EnQuest's growth and execution remain on course.  We are on track to submit the field development plan (FDP) for Kraken by mid-year and to sanction the project later in 2013.  The well results in north Kraken are in line with expectations and give further confidence in the field development," EnQuest Chief Executive Amjad Bseisu commented in a company update released Wednesday morning.

Bseisu also noted that EnQuest completed its acquisition of eight percent of the Alba field, which he said has similar characteristics to Kraken, in the first quarter.  

"Alba adds four non-operated wells to the twelve wells that EnQuest had originally planned for 2013," he said.

Meanwhile, the firm's Alma/Galia project remains on track for first production during the fourth quarter of 2013 and dry dock work on the EnQuest Producer vessel is now complete.

EnQuest said that its average production during the first four months of the year amounted to 20,494 barrels of oil equivalent per day, compared with 20,976 boepd over the same period in 2012.




Have a news tip? Share it with Rigzone!
Email news@rigzone.com


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.


Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Seadrill CEO Praises Workforce (May 24)
 -  Serinus Shuts-In Sabria Field Due to S... (May 23)
 -  Proserv Secures Series of Services Dea... (May 23)
 -  BP Urges Engineers to Apply for Trinid... (May 23)
 -  CGG to Support Oman Industry Workers t... (May 23)

Most Popular Articles

From the Career Center
Jobs that may interest you
Entry Level Engineer - UBA
Expertise: Subsea Engineering
Location: Houston, TX
Entry Level Engineer - UBA
Expertise: Subsea Engineering
Location: Houston, TX
Production Control Coordinator
Expertise: Production Engineering
Location: Houston, TX
search for more jobs

Brent Crude Oil : $54.15/BBL 0.51%
Light Crude Oil : $51.47/BBL 1.45%
Natural Gas : $3.22/MMBtu 3.30%
Updated in last 24 hours