Cirrus Turns on Taps at Offshore Netherlands M7-A Field
Cirrus has successfully completed the drilling and testing of the M7-A01X production well on the M7-A field. The well was spudded with the Noble Lynda Bossler jackup drilling rig on July 17, 2009 and reached a total drilled depth of 3,560 m on September 3, 2009. The quality of the primary Triassic reservoir is higher than in the original discovery well and, during clean up, the well flowed at a maximum rate of 43.1 MMscf/d at a FWHP of 261 bar (3,786 psig) through a 48/64"choke.
The well has been tied in to the fully commissioned M7-A platform and export facilities and production commenced on September 12, 2009. The long term average production rate is limited by capacity at the export facilities at 21.0 MMscf/d which is expected to result in an extended period of plateau production. The price received for Dutch gas is based on a basket of alternative energy sources and historically has closely followed that of crude oil with a lag of about 6 months. At a Brent oil price of US$70.00 per barrel, the future realised price for M7-A gas is expected to be about C$9.50 per thousand cubic feet.
Partners in the M7-A development are Cirrus (42.75% and operator), DSM Energie B.V. (5.0%), Energy06 Investments B.V. (2.25%) and EBN (50%).
Cirrus President and CEO David Taylor commented, "The start-up of the M7-A Field marks a significant milestone for Cirrus in the Netherlands as both the company's first operated, completed development project and first production in the country. This achievement underscores a core component of our business strategy in The Netherlands where we intend to establish Cirrus as a motivated and capable developer of similar discovered and undeveloped fields."
Manages 28 Offshore Rigs
- Sembcorp Marine Delivers World's Largest Jackup Noble Lloyd Noble (Jul 18)
- Oil Industry Maintains Country Club Culture During Downturn (May 23)
- Freeport to Pay Noble $540 Million to Not Use 2 Oil Rigs (May 10)
Company: Cirrus Energy more info
- Cirrus to Sell Stake in Coora Field (Nov 03)
- Cirrus: Production Remains Shut-In at MO7-A Field (Oct 15)
- Production Shut-In at Netherlands Field (Sep 23)