EnQuest Achieves First Oil from North Sea Scolty/Crathes Project

EnQuest Achieves First Oil from North Sea Scolty/Crathes Project
Independent energy firm EnQuest achieves first oil from the Scolty/Crathes development, located in the central North Sea.

Independent energy firm EnQuest announced Monday that it has achieved first oil from the Scolty/Crathes development, located in the central North Sea.

“EnQuest is pleased to confirm the delivery of first oil from Scolty/Crathes ahead of schedule and under budget, approximately a year after the Field Development Plan (FDP) was approved and the project was sanctioned,” EnQuest CEO Amjad Bseisu said.

“This was the only offshore pure oil FDP approval in the UK North Sea in 2015. Unit operating costs are expected to be under $15 per barrel in the initial peak volume years and production is anticipated to continue until 2025,” he added.

Bseisu went on to state that the development of Scolty/Crathes was an excellent example of the effectiveness of the Oil and Gas Authority’s aim of Maximising Economic Recovery (‘MER’) of oil and gas in the UK.

“The safe and successful first oil milestone from Scolty and Crathes is testament to EnQuest and MOL’s efforts, working at pace and in excellent collaboration with the service sector to create efficiencies and value,” Andy Samuel, chief executive of the Oil and Gas Authority said.

“This has unlocked the economic recovery of a small pools development and sustains the wider Greater Kittiwake Area and infrastructure. It embodies good asset stewardship which is crucial to achieving MER UK,” he added.

Scolty and Crathes are two light oil accumulations in the central North Sea, situated approximately 100 miles northeast of Aberdeen. The fields are estimated to contain up to 15 million barrels of gross oil technical reserves.

The development plan of Scolty and Crathes consists of two single horizontal wells tied back via a subsea pipeline to the Kittiwake platform, in the Greater Kittiwake Area. Oil from the accumulations will be exported via the Forties Pipeline System.

EnQuest holds a 50 percent interest in the development, with MOL Growest (II) Ltd holding the remaining 50 percent.

In addition to news of first oil at Scolty/Crathes, EnQuest announced Monday that the Kraken development project in the UK North Sea remains on course to deliver first oil in the first half of next year.

The company also revealed that average production for the ten months to the end of October was 40,857 barrels of oil equivalent per day, up 25 percent on the same period in 2015. Despite this increase, EnQuest expects its average daily full year 2016 production to be below its prior guidance of between 42,000 and 44,000 boepd.

A graduate in journalism from Cardiff University, Andreas has eight years of experience as a business journalist. Email Andreas at andreas.exarheas@rigzone.com

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