Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Premier's Solan Project on Track to Deliver 1st Oil in 4Q 2014

change text size
Article title
Reporting its results for 2013, Premier Oil says its 40,000-boepd Solan project in the North Sea, West of Shetland, remains on track to deliver first oil in the fourth quarter of 2014.

Premier Oil said Thursday that its Solan project in the North Sea, West of Shetland, remains on track to deliver first oil during the fourth quarter of this year.

Reporting its annual results for 2013, Premier said that its four-well drilling program will continue on Solan field after a break between November and March to account for the severe winter period. A subsea storage tank is under construction in Dubai, with a target to sail away in mid-2014.

Meanwhile, construction of the topsides and jackets is progressing, and these should also been installed by mid-2014. Hook-up and commissioning planned to be undertaken prior to the end of the summer weather window West of Shetland, the firm added.

Premier estimates that the Solan field will initially produce around 24,000 barrels of oil equivalent per day (boepd) following ramp-up, before eventually producing approximately 40,000 boepd.

Premier also reported that "considerable progress" has been achieved on its Catcher area project since its development concept was agreed in December 2012. Reservoir modelling has been completed and well locations and sequence have also been optimized. Tenders for the well systems, Christmas trees and a heavy-duty jack-up rig were received in July and August and have now been fully evaluated.

The firm envisages that development drilling – which will involve the continuous drilling of up to 14 producing wells and eight water injectors – will commence in 2015 and continue beyond first oil.

Elsewhere, Premier said its Chim Sáo oil field in Block 12W, offshore Vietnam continues to produce well – averaging 12,500 bopd and 7,700 million cubic feet of gas per day net to the firm in 2013.


12

View Full Article



A former engineer, Jon is an award-winning editor who has covered the technology, engineering and energy sectors since the mid-1990s. Email Jon at jmainwaring@rigzone.com

WHAT DO YOU THINK?

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.

Related Companies

More from this Author
Jon Mainwaring
European Editor | Rigzone.com
 -  Repsol Agrees $8.3B Takeover Offer for... (Dec 16)
 -  SBM to Shed 1,200 Positions in Restruc... (Dec 11)
 -  Wood Group Order Book to Provide Resil... (Dec 11)
 -  BP Still Expects Growth Despite Challe... (Dec 10)
 -  BP to Cut Management Jobs as it Change... (Dec 8)
Most Popular Articles
From the Career Center
Jobs that may interest you
QC Technician
Expertise: QA / QC / Inspection, Rig Instrument Tech
Location: Houston, TX
 
Deepwater Drilling and Completions Supervisor
Expertise: WellSite Supervisor, Workover or Completion
Location: Houston, TX
 
Lead SURF Engineer
Expertise: Project Management, Subsea Engineering
Location: Houston, TX
 
search for more jobs