Nexen: Ettrick Development Progressing Towards First Oil

Nexen reported that Ettrick development in the North Sea is progressing towards first oil in the second half of 2008. The development will utilize a leased floating production, storage and offloading vessel (FPSO) designed to handle 30,000 bbls/d of oil and 35 mmcf/d of gas. Construction of the FPSO is nearly complete and sea trials are expected to commence mid year.

We have also identified a number of exploration opportunities in the immediate area that could be future tie-backs to Ettrick. We recently spud one of these opportunities, Blackbird, and have plans to drill another one later this year. We operate both Ettrick and Blackbird with an 80% working interest in each. We plan to drill six exploration wells in total in the UK North Sea before year end.

"Our North Sea strategy is to grow our production here with exploration and exploitation opportunities near existing infrastructure," commented Fischer. "We currently have a number of satellite discoveries near our Buzzard, Scott/Telford, Ettrick and third party facilities that in aggregate have sizeable potential. We are currently assessing development options for these discoveries."

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Lease Operator/ Pumper
Expertise: Production Operator
Location: Denver City, TX
 
United States Alvarado: Explosive Products Operator, Associate
Expertise: Production Operator
Location: Alvarado, TX
 
U.S. - Zanesville: Entry Level Operator Assistant I - Operator Assistant II
Expertise: Production Operator
Location: Zanesville, OH
 
search for more jobs

Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
Updated in last 24 hours