Ceres gas field to start up production this year

Venture Production PLC reported it plans to start production from Ceres natural gas field in the southern UK North Sea later this year.

Uchenna Izundu
OGJ International Editor

LONDON, Aug. 17 -- Venture Production PLC reported it plans to start production from Ceres natural gas field in the southern UK North Sea later this year.

Ceres will be developed using a single subsea well tied back to the nearby Eris discovery, previously known as Channon. The well tested at 40 MMscfd of gas through a 96/64-in. choke from the Rotliegend reservoir between 10,300-15,600 ft. The horizontal well was completed as the field production well on Ceres.

Michael T. Lynch, Chairman of EnCore Oil PLC, a partner in the field, said the company was considering selling its stake in the field and was in talks with potential buyers.

Venture has a 90% interest in the field, while EnCore holds 10%.

Contact Uchenna Izundu at uchennai@pennwell.com.

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