Drilling Starts on 50MM Barrel North Sea Prospect
Neptune Energy has announced that it and its joint venture partners BP and JAPEX have commenced drilling on the Seagull project in the UK Central North Sea.
The Valaris operated Gorilla VI rig will drill four wells for the development over the course of the drilling campaign, which is expected to last 18 months. Proved plus probable gross reserves at the project are estimated at 50 million barrels of oil equivalent.
Seagull is a high pressure, high temperature development on UK license P1622 in Block 22/29C. The project will be tied back to the ETAP CPF, partially utilizing existing subsea infrastructure. Gas from the development will come onshore at the CATS processing terminal at Teesside and oil will come onshore through the Forties Pipeline System to the Kinneil Terminal at Grangemouth.
“In late 2020, we successfully completed the first subsea construction phase for the Seagull project, that underpins Neptune’s further growth on the UKCS,” Neptune Energy UK Managing Director Alexandra Thomas said in a company statement.
“Thanks to a collaborative approach between Neptune, our partners BP and JAPEX and key contractors, we are progressing with the project at pace and have reached another important milestone,” Thomas added.
“Seagull is expected to produce 50,000 barrels of oil equivalent per day gross and will make a significant contribution to both UK MER and energy security, as well as supporting local supply chains,” Thomas went on to say.
According to Neptune Energy’s website, first oil at Seagull is projected for 2022. Neptune Energy is the operator of Seagull with a 35 percent equity interest. BP holds a 50 percent stake and JAPEX holds the remaining 15 percent interest.
Neptune Energy announced the beginning of the subsea construction phase of the Seagull tie-back project back in September last year.
To contact the author, email andreas.exarheas@rigzone.com
WHAT DO YOU THINK?
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.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- UK Oil Regulator Publishes New Emissions Reduction Plan
- PetroChina Posts Higher Annual Profit on Higher Production
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- McDermott Settles Reficar Dispute
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- USA Oil and Gas Job Figures Jump
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension