Page 12 - Euroil Week 28 2019

EurOil
NEWS IN BRIEF
EurOil
Hurricane issues UK well update
Hurricane Energy plc, the UK based oil
and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces that the 205/26b-B well (“Lincoln Crestal”) was spudded on July 12 2019 using the Transocean Leader rig.
Lincoln Crestal is the second in a three- well programme on Hurricane’s Lincoln and Warwick assets - the Greater Warwick Area. A further update will be made followingcompletion of drillingand testing operations.
Hurricane has a 50% interest in the Greater Warwick Area following Spirit Energy’s farm- in to the P1368 South and P2294 licences in September 2018.
Hurricane Energy, July 12 2019
Norway publishes June production figures
Preliminary production gures for June 2019 show an average daily production of 1.409mn barrels of oil, NGL and condensate, which is a decrease of 184,000 barrels per day compared to May.
Total gas sales were 9.4bn cubic metres, which is a decrease of 0.3bn cubic metresfrom the previous month.
Average daily liquids production in June was: 1.067mn barrels of oil, 315,000 barrels
of NGL and 28,000 barrels of condensate.
Oil production in June is 10% lower than the NPD’s forecast, and 3.4% below the forecast so far this year.
e main reasons that production in June was below forecast is technical problems and maintenance work on some elds.
Norwegian Petroleum Directorate, July 13 2019
Dry well west of the Johan
Sverdrup field in the North
Sea - 16/5-7
Equinor Energy AS, operator of production licence 502, has completed the drilling of wildcat well 16/5-7.
e well was drilled about one kilometre west of the Johan Sverdrup oil eld in the central part of the North Sea and 200km west of Stavanger.
e objective of the well was to prove
petroleum, as well as to investigate potential reservoir rocks in several levels: Upper Jurassic (intra Draupne formation sandstones), Upper Triassic (Skagerrak formation), Upper Permian (the Zechstein group) and weathered/fractured basement rock.
e well was drilled about 110 metres
into basement rock, of which 77 metres of weathered and fractured basement rock
with poor to moderate reservoir properties. In the upper part of the basement, the well encountered traces of oil in a zone of about 19 metres.
At this time, it is impossible to determine whether the oil is producible or simply residual. No sedimentary rocks were encountered in other levels. Pending new information and interpretation of collected data, the preliminary classi cation is that the well is dry.
e well was not formation-tested, but extensive volumes of data have been acquired and samples have been taken.
e well has yielded important information about the potential for reservoir properties
in the basement rock, as well as pressure communication in the area.
is is the second exploration well in production licence 502. e licence was awarded in APA 2008.
e well was drilled to a vertical depth of 1988 metres below the sea surface, and was terminated in the basement rock.
Water depth at the site is 105 metres. e well will now be permanently plugged and abandoned.
e well was drilled by the Transocean Spitsbergen drilling facility, which will now proceed to the shipyard before well operations start up on the Snorre eld in the northern part of the North Sea.
Norwegian Petroleum Directorate, July 15 2019
Trestakk starts production
Production from the Trestakk subsea eld on Haltenbanken in the Norwegian Sea started on July 16. Tied back to the Åsgard A oating production vessel, the eld has estimated recoverable resources of 76mn barrels of
oil. Field production started on time, below budget and without any serious incidents.
“Together with our partners ExxonMobil and Vår Energi we spent ample time on maturing Trestakk, and with proper assistance by our main supplier TechnipFMC we
arrived at a good and pro table concept with development costs nearly halved before the investment decision was made. is proves
that it is important and correct to spend su cient time in the early phase of a project,” says Anders Opedal, executive vice president for Technology, Projects and Drilling in Equinor.
When the project was approved by the authorities in 2017, the investments were estimated at NOK5.5bn (current). On eld start-up the nal costs are expected to be NOK5bn.
“ e project has managed to maintain its focus on cost e ciency a er the investment decision was made, freeing up capital that we and our partners can use on other projects,” says Opedal.
Trestakk eld development covers a subsea template with four well slots and one satellite well. A total of ve wells will be drilled: three for production and two for gas injection. Trestakk is tied back to the Åsgard A oating production vessel, which has been modi ed to receive the production from Trestakk.
e original life time of Åsgard A was until 2019, however, last winter the Petroleum Safety Authority Norway and the Norwegian Petroleum Directorate approved the application for extending the life time of the installation to 2031.
“ e Trestakk volumes are important for us to maintain pro table operation of Åsgard A and to recover more of the original Åsgard volumes. Our dra for development of the Norwegian continental shelf points to the need for new reserves, and this is the kind of projects we would like to see many more of in the years to come,” says Arne Sigve Nylund, executive vice president for Development and Production Norway.
When Trestakk comes on stream it will produce around 22,000 barrels of oil per day. Peak production will be around 44,000 bpd of oil. Trestakk eld production is expected to last for 12 years.
Equinor, July 16 2019
Golden Pass secures vessel
contract extensions with
Wintershall and Shell
Golden Energy O shore Services AS (GEOS- ME) is pleased to inform that a contract extension has been secured for Energy Swan and Energy Scout.
A contract extension has been secured with Wintershall Norge AS. e contract is in direct continuation of the charter contract from 2013. e large PSV Energy Swan was in 2013 chartered for a rm period of 4 years
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Week 28 18•July•2019