Page 16 - EurOil Week 28 2021

EurOil NEWS IN BRIEF EurOil

Limited. Petrofac secures three-year petroleum in reservoir rocks in the Tor
The completion further solidifies NEO’s Formation from the Late Cretaceous Age.
position among the largest oil and gas contract from ONEgas Well 1/3-13 was drilled about 100
producers in the UK Continental Shelf meters into water-bearing chalk in the Tor
(UKCS) and delivers an asset portfolio with Oilfield service firm Petrofac has secured Formation, with good to very good porosity,
significant scope for organic growth, NEO a new three-year contract with ONEgas, but low permeability, the Norwegian
Energy said in a statement posted on its an integrated cross-border asset between Petroleum Directorate said this week.
website. Shell UK and the Nederlandse Aardolie The well also encountered a 3-meter
Following the acquisition, the Zennor Maatschappij (NAM). thick petroleum-bearing layer in the Ekofisk
Petroleum team will now join NEO Energy, The contract, secured by Petrofac’s Formation from the Palaeocene, which is
increasing overall headcount at the business Engineering and Production Services (EPS) probably residual oil.
to more than 180 people. The deal, alongside business comes with two one-year options to The well-encountered oil in an 8-meter
an ongoing acquisition of a package of assets extend. thick sandstone layer in the Forties Formation
from ExxonMobil, will increase NEO Energy’s “The contract builds on Petrofac’s and a total of 3 meters of sandstone in the
production to around 80,000 barrels of oil previously awarded Framework Agreement, Andrew Formation, both from the Palaeocene
equivalent per day in 2021, according to the enabling delivery of Engineering, Age. The oil/water contact was not proven.
company. Procurement and Construction (EPC) The sandstones are of moderate to very
NEO Energy revealed that it was buying services across the Operator’s Southern good reservoir quality, the NPD said.
Zennor Petroleum back in March this year. North Sea portfolio. The framework
The company noted at the time that the positions Petrofac to support the Clipper
agreed terms included a total consideration South complex, Leman Alpha assets, Bacton Serica successfully test
of up to $625 million, including deferred Terminal, and ONEgas Barge campaigns in
and contingent payments. In February, NEO the Southern North Sea,” Petrofac said. flows Columbus well
Energy and HitecVision signed a circa $1 Nick Shorten, Chief Operating Officer
billion agreement, which sees NEO Energy of Petrofac Engineering and Production Oil and gas firm Serica Energy on July 12
acquire a portfolio of non-operated oil and gas Services, said: “We are very pleased that announced successful flow test results from
assets in the Central and Northern North Sea ONEgas has demonstrated its continued its Columbus development well in the UK
from ExxonMobil. confidence in our teams in Great Yarmouth North Sea.
“We are delighted to announce the and Aberdeen, by increasing our service The well was drilled to a measured depth
completion of this transaction and to welcome provision. of 17,600ft with a horizontal section of over
the Zennor team to NEO,” Russ Alton, the “Over the last 18 months Petrofac’s UK a mile in length in the Forties Sandstone
chief executive officer of NEO Energy, said in brownfield projects business has achieved formation.
a company statement. notable growth. Our best-in class engineering The completion equipment has been
“Our combined teams are very excited teams, scalable delivery model and project successfully installed into the well and a flow
by the opportunities this portfolio of assets control systems are now being deployed test has now been performed, Serica said.
brings to NEO, as we further expand our in support of more than 30 assets in the “A stabilized flow rate of 38.0mmscf/d
operated position providing us with greater UK. We look forward to continuing this of gas and 1,560bbls/d of condensate has
control and flexibility to maximize value,” he trajectory in 2021 as clients continue to focus been achieved through a 56/64ths inch
added. on asset integrity, facility modifications and choke. This rate was at the upper end of the
“NEO has now firmly established its development projects.” pre-drill range of expected outcomes and
presence in the UKCS and is determined to was constrained by the surface well test
lead the way for the sector through initiatives equipment on board the Maersk Resilient
such as our recently published Low Carbon OMV finishes North Sea heavy-duty jack-up drilling rig,” Serica said.
Transition Plan. We are focused on generating To remind, Serica had in May hit a snag
sustainable growth and maximising value drilling with its Columbus development well when it
from the UK’s offshore assets, whilst playing encountered problems with the installation
our part in reducing the carbon intensity of Austrian oil and gas company OMV has of sand screens, and said it would have to
the sector,” Alton went on to say. completed the drilling of the wildcat well 1/3- re-drill it, costing it an extra £3 million (USD
NEO Energy describes itself as an 13 in the North Sea, offshore Norway. 4.23 million). (Read more.)
independent full-cycle North Sea operator in Using Maersk Drilling’s Maersk Integrator The Columbus development area is
the UKCS, backed by HitecVision. Founded jack-up rig, OMV Norge, a subsidiary located 35km northeast of Shell’s Shearwater
in July 2019, the company’s ambition is to be of OMV, drilled the well near the 1/3-11 production platform and will be drained by
a leading producer in the UKCS, reaching (Ipswich) oil find, made in 2008, about 6 a single producing well tied into the existing
120,000 barrels of oil equivalent per day in kilometers south of the Oselvar field in the Arran to Shearwater pipeline.
2023. Norwegian southern North Sea and 300
kilometers southwest of Stavanger.
The objective of the well was to prove

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