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Woodside-led JV starts oil output from Vincent field

09/08/2008
Oil production has started from Vincent field in the Carnarvon basin production license WA-28-L off Western Australia, reported Woodside Petroleum Ltd., the field’s lead joint venture partner.The company says that hookup, testing, and commissioning of the Maersk Ngujima-Yin floating production, storage, and offloading vessel has been completed and that the field is now on stream. The vessel has a storage capacity of 1.2 million bbl.Initial field production is from six subsea wells and the flow rate is expected to increase steadily to 50,000 b/d within the next few weeks before a natural decline to about 40,000 b/d by yearend.This first stage of development has cost $1 billion (Aus.)...
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