UK North Sea Causeway, Fionn field start-ups near

UK regulators have approved the field development plan for Fionn field on UK North Sea Block 211/22a South East Area.

Valiant Petroleum PLC operates Fionn with 64.5% working interest, and Antrim Energy Inc., Calgary, has 35.5%.

Fionn is to be developed using the previously drilled and suspended 211/22a-6 well as a production well. Drilled in 2007 during the appraisal phase of Fionn and adjacent Causeway field, the well tested oil from the Ness and Etive formations at a combined 5,500 b/d of oil. The well is to be completed with dual electrical submersible pumps and go on production in mid-2013 at 4,500 b/d.

Well productivity and reservoir pressure data will be monitored and reserves estimates periodically reviewed. If it is determined that pressure support is warranted, water injection can be facilitated with an existing suspended well, Antrim said.

Fionn production will be combined with Causeway field output and transported for processing to the Cormorant North platform. Gathering lines for Fionn were installed at the same time as Causeway.

Antrim has the option for 3 months following first oil production from Causeway field to opt out of participating in the Fionn development or to confirm its participation in Fionn by paying its 35.5% working interest share of the pre-investment costs plus interest in respect to the financing. Antrim’s share of those costs is estimated at $22 million.

Antrim’s reserves evaluator estimated that Fionn contains 6.2 million bbl of proved and probable oil reserves.

Causeway field remains on track for September 2012 start-up at an anticipated 3,000 b/d net to Antrim.

Related Articles

TransAtlantic to acquire concessions in Poland

03/28/2014 TransAtlantic Worldwide Ltd., a wholly owned subsidiary of TransAtlantic Petroleum Ltd., has signed a nonbinding term sheet with San Leon Energy PL...

Petsec Energy buys block interest in Yemen

03/28/2014 Petsec Energy Ltd., Sydney, has made its maiden entry into the Middle East, signing an agreement with fellow Sydney firm AWE Ltd. to acquire a 21.2...

Total, InterOil close Papua New Guinea deal

03/26/2014 InterOil and Total SA have finalized a revised sales and purchase agreement for the Elk-Antelope gas-condensate field in petroleum retention licenc...

Gorder named Valero chief executive officer

03/25/2014

Joe Gorder, Valero Energy Corp. president and chief operating officer, has been named chief executive officer, succeeding Bill Klesse.

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