Logic group chooses first project for small-field development program


By the OGJ Online Staff

LONDON�UK North Sea government-industry competitiveness body Logic Friday chose the Nisus consortium for development design for BP's marginal Wood field, the first discovery to advance under the "satellite accelerator" program.

The Nisus consortium consists of Global Marine Integrated Services Reservoir Management Ltd., Stolt Offshore Ltd., and Wood Group Engineering Ltd.

BP did not develop Wood field, an oil and gas discovery, because it was "subeconomic under current development scenarios." It has estimated recoverable reserves of 10 million boe. It is on Block 22/18-6 between Arbroath and Marnock fields in the central North Sea.

Phase one of the Wood project will involve funded studies "to confirm that the technical and commercial aspects of the Nisus proposal are viable," said Logic Collaborative Project Coordinator Charles Miskin. The project is then would move into a contract definition phase this summer.

According to Miskin, the timing of the discovery's development will be "dependent on discussions with the proposed host facility," but first oil is being targeted for the second half of next year.

BP Regional President for Scotland Steve Marshall said, "The inclusion of Wood in (this) initiative is an attempt by BP to engage the creativity of the marketplace to develop a field that has to date proved difficult to make economic."

Marshall noted that Wood was significant "not so much for its scale," but because the project to bring the field on stream was a demonstration of the UK offshore industry's "willingness to collaborate to tackle the issues necessary to sustain activity in a maturing basin."

Wood is the first of five undeveloped UK North Sea discoveries earmarked last August to be brought to market under the Logic scheme. The other four are Solan, Strathmore, Kestrel, and Kessog.

Total reserves for the five fields�found by BP, Amerada Hess Ltd., and Shell UK Exploration & Production�are estimated at more than 200 million boe and could lead, according to Logic, to "as much as �500 million of new development investment."

Logic said plans are being "matured" for a second set of satellite accelerator projects, involving a "wider group of operators," that should be rolled out in the second quarter. These projects will also be based on a phased schedule. Logic said BP would likely be offering two further projects later this year.

Former UK Minister for Energy and Competitiveness Helen Liddell launched the satellite accelerator initiative last June with the goal of developing 300 North Sea discoveries undeveloped because of marginal reserves, technological challenges, or poor economics.

The Logic�Leading Oil & Gas Industry Competitiveness�initiative was launched in September 1999 by the UK Department of Trade & Industry (OGJ, Sept. 13, 1999, p. 32).

Related Articles

Noble still negotiating with Israel on gas field developments

09/04/2015 Houston independent Noble Energy Inc. reiterated Sept. 3 that it is still in negotiations with the Israeli government regarding the development of ...

Chevron settles with California litigation firm over Ecuadorian lawsuit

09/04/2015 Chevron Corp. has reached a settlement agreement whereby H5, a California-based e-discovery and litigation services firm, has withdrawn its support...

NPD reports small oil discovery by Statoil

09/04/2015

The Norwegian Petroleum Directorate reported a small oil discovery by Statoil Petroleum AS in the northern North Sea.

Second segment of Aegis pipeline complete

09/03/2015 Enterprise Products Partners LP (EPP) has completed construction of the Aegis pipeline segment connecting Beaumont, Tex., with Lake Charles, La.

Russia’s Sibur-Gazprom Neft JV commission gas processing plant

09/03/2015 A joint venture of Russian conglomerate PJSC Sibur Holding, Moscow, and PJSC Gazprom Neft, St. Petersburg, have commissioned the newly built Yuzhno...

Shell, BG merger cleared by EU

09/03/2015 The European Commission has unconditionally approved the planned $70-billion merger of Royal Dutch Shell PLC and BG Group PLC reported in April.

Holly Energy to buy half of Frontier Pipeline

09/03/2015 Holly Energy Partners LP, Dallas, reported it would acquire 50% interest in Frontier Pipeline Co., owner of the Frontier Pipeline, from an affiliat...

Inpex submits revised plan to Indonesia for Abadi LNG project

09/03/2015 Inpex Corp., Tokyo, has submitted a revised plan of development to the Indonesian government for the Abadi LNG project in the Arafura Sea. It envis...

Judge vacates FWS listing of lesser prairie chicken as threatened

09/03/2015 A federal district judge in Texas vacated the US Fish & Wildlife Service’s listing of the lesser prairie chicken as a threatened species after ...
White Papers

UAS Integration for Infrastructure: More than Just Flying

Oil and gas companies recognize the benefits that the use of drones or unmanned aerial systems (UAS) c...

Solutions to Financial Distress Resulting from a Weak Oil and Gas Price Environment

The oil and gas industry is in the midst of a prolonged worldwide downturn in commodity prices. While ...
Sponsored by

2015 Global Engineering Information Management Solutions Competitive Strategy Innovation and Leadership Award

The Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global...
Sponsored by

Three Tips to Improve Safety in the Oil Field

Working oil fields will always be tough work with inherent risks. There’s no getting around that. Ther...
Sponsored by

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by
Available Webcasts


Operating a Sustainable Oil & Gas Supply Chain in North America

When Wed, Oct 7, 2015

Short lead times and unpredictable conditions in the Oil & Gas industry can create costly challenges in supply chains. By implementing a LEAN culture of continuous improvement you can eliminate waste, increase productivity and gain end-to-end visibility leading to a sustainable and well-oiled supply chain.

Please join us for this webcast sponsored by Ryder System, Inc.

register:WEBCAST


The Resilient Oilfield in the Internet of Things World

When Tue, Sep 22, 2015

As we hear about the hype surrounding the Internet of Things, the oil and gas industry is questioning what is different than what is already being done. What is new?  Using sensors and connecting devices is nothing new to our mode of business and in many ways the industry exemplifies many principles of an industrial internet of things. How does the Internet of Things impact the oil and gas industry?

Prolific instrumentation and automation digitized the industry and has changed the approach to business models calling for a systems led approach.  Resilient Systems have the ability to adapt to changing circumstances while maintaining their central purpose.  A resilient system, such as Maximo, allows an asset intensive organization to leverage connected devices by merging real-time asset information with other critical asset information and using that information to create a more agile organization.  

Join this webcast, sponsored by IBM, to learn how about Internet of Things capabilities and resilient systems are impacting the landscape of the oil and gas industry.

register:WEBCAST



On Demand

Taking the Headache out of Fuel License and Exemption Certificates: How to Ensure Compliance

Tue, Aug 25, 2015

This webinar, brought to you by Avalara, will detail the challenges of tax document management, as well as recommend solutions for fuel suppliers. You will learn:

-    Why it’s critical to track business partner licenses and exemption documents
-    The four key business challenges of ensuring tax compliance through document management
-    Best practice business processes to minimize exposure to tax errors

register:WEBCAST


Driving Growth and Efficiency with Deep Insights into Operational Data

Wed, Aug 19, 2015

Capitalizing on today’s momentum in Oil & Gas requires operational excellence based on a clear view of what your business data is telling you. Which is why nearly half* of oil and gas companies have deployed SAP HANA or have it on their roadmap.

Join SAP and Red Hat to learn more about using data to drive process improvements and identify new opportunities with the SAP HANA platform running on Red Hat Enterprise Linux. This webinar will also show how your choice of infrastructure impacts the performance of core business applications and your ability to achieve data-driven insights quickly and reliably.

*48% use SAP, http://go.sap.com/solution/industry/oil-gas.html

register:WEBCAST


Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected