Venture Fires Up Stamford Gas Production in UKCS

Markham J6A Platform
(Click to Enlarge)

Markham J6A Platform
(Click to Enlarge)

Greater Markham Area
(Click to Enlarge)

Venture has successfully brought the Stamford gas field into production. Stamford lies in Block 49/10c and has been developed via a single subsea production well tied back to the Venture-operated Markham J6A platform, the hub for Venture's Greater Markham Area ("GMA") operations.

The well is expected to produce at an initial rate of 18 - 20 million cubic feet per day ("MMcfpd") and recover 12 - 20 billion cubic feet ("Bcf") of gas with a mid-case of 16 Bcf. Venture has a 100% interest in the Stamford field having been awarded license P1477 covering block 49/10c in the 24th UK Offshore Licensing Round in February 2007.

Development of the Stamford field was identified as a GMA upside opportunity during the acquisition of CH4 Energy in 2006. The rapid development of the field further leverages Venture's investment in the GMA hub over and above the success of the initial Chiswick development. With the first two Chiswick wells performing very well, work is ongoing to develop up to three additional Chiswick fault blocks.

In addition, the Noble Julie Robertson rig will shortly spud the Kew appraisal well which, if successful, will
present another opportunity to develop additional gas across the Markham infrastructure. Venture also expects to spud the first appraisal well into the Cygnus accumulation, a potential gas producing field acquired in April 2008, within the next few days.

Commenting on the news, Mike Wagstaff, Chief Executive said, "We have brought Stamford into production almost exactly 14 months after project sanction which is a tremendous achievement in what has been a very tight market for offshore services. This development of additional and previously 'stranded' gas reserves
across the Markham platform further illustrates the value that can be created by a focused operator with the requisite resources and financing. We look forward to developing the further potential surrounding the Greater Markham Area and maximizing gas production from the area."

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Branch Manager for Heavy Equipment Dealership in Mississippi
Expertise: Facilities Management|Mechanic
Location: Mississippi, United States, MS
Production Operator - Bladder Blade Separators/Manifolds Speci
Expertise: Mechanical Technician|Production Operator|Production Technologist
Location: Houston, TX
United States Lafayette: Service Operator II - Surface Solutions
Expertise: Production Operator
Location: Lafayette, LA
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours