The offtake, which is a significant milestone for AED was on schedule. Preliminary testing suggests that both quality and quantity are to specification. The API gravity for the Puffin Crude oil was calculated at 43.6, which correspond with the previously published API. Puffin crude oil sells at a premium to the APPI Tapis benchmark.
The plan is to complete commissioning of the facility, which was put on hold leading up to the offloading. Once commissioning has been completed, wells will be tested and oil production optimized. The next offtake is scheduled for mid November.
The Wilcraft drilling rig has been making excellent progress over the past week drilling Puffin-10 located in the Puffin South West. Drilling of the well is on schedule and is currently drilling at a depth of 2,003 m (MDRT). It is expected that the 9 5/8 casing point will be reached mid week.
Water depth at location is 84 m. The rotary table is 34.8 m above the sea level. All depths are reported as meters from the rotary table (MDRT) unless specified otherwise.
The primary objective of the well is to drill and complete a horizontal section in excess of 200 m of reservoir interval within the Upper Cretaceous (UK1a) sands. The well is expected take approximately 55 days in total to drill and is expected to be completed by mid December. Production from Puffin-10 will be directed through the Modec Venture (MV1) FPSO. Production from Puffin SW is expected to commence in the first half of 2008.
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