Page 17 - EurOil Week 10 2021

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Rune Olav Pedersen, President & thank the other SAGE owners for their formal requests for service issued in
CEO in PGS: ““We are very pleased to collaboration.” February 2021,” JOG said.
be awarded these important framework Kristin Færøvik, Managing Director, “Initial negotiations with pipeline
agreements. We operate in a cyclical Lundin Energy Norway, commented: “We operators will be conducted in accordance
industry with low visibility, and longer- greatly appreciate the support we have with Oil & Gas UK’s Infrastructure Code
term contracts improve our order received from the Ancala Midstream of Practice. It is scheduled that this work
book and financial predictability in a team in securing the transportation and will be completed to inform FEED (Front
challenging seismic market. An important processing agreements for the Solveig and End Engineering and Design), currently
part of our strategy is to maintain Rolvsnes fields, which are key elements planned to take place later this year,” the
leadership in the production 4D segment. of our Edvard Grieg field hub growth company added.
“The confidence Equinor shows by strategies. We look forward to future Work has also been conducted to
awarding us these frame agreements additions to the portfolio and further identify the optimum type of artificial
confirms our strong position in the 4D business with Ancala Midstream.” lift for the production wells. Gas lift and
market, the reliability of our Ramform electrical submersible pumps (ESPs) were
vessels and the superior data quality investigated. The use of ESPs was shown to
provided by our GeoStreamer technology.”. JOG selects Greater Buchan deliver a higher production rate and thus
greater recoverable volumes over the same
concept period than gas lifted wells, JOG added.
Ancala Midstream to Jersey Oil and Gas, a UK-based company being ready to enter the FEED phase of the
“JOG is currently working towards
process Lundin gas working to develop the Greater Buchan Area GBA project in Q3 2021, with FID (Final
Investment Decision) currently anticipated
(GBA) oil production hub in the UK North
Ancala Midstream has secured a life-of-field Sea, on Wednesday said that the development for H2 2022,” the company said.
contract to transport and process gas from the concept for the project was selected, paving “With its Concept Select Report
Lundin Energy-operated Solveig field located way for the farm-out process to start. finalized, JOG is now in a position to
in the Norwegian sector of the North Sea. he selected concept envisions launch its previously announced farm-
The first gas from the field is expected development centered around a single, out process to seek to secure an industry
in Q3 2021 and will be processed through normally manned, integrated wellhead, partner for the GBA Development Project.
Ancala Midstream’s capacity in the production, utilities and quarters platform, JOG’s Board anticipates that this will
Beryl pipeline and the Scottish Area Gas powered from shore, to be located at the be well received by the industry as an
Evacuation pipeline and terminal - SAGE Buchan field. exciting investment opportunity, in light
System - at St. Fergus in Scotland. The development concept is based on of its scale, economics and low carbon
Ancala Midstream acquired 100% of P50 Technically Recoverable Resource production approach, and currently
SAGE North Sea Limited (“SNSL”), which estimates of, in aggregate, 172mn boe of intends to conclude this process before the
held Apache’s 30.28% share of SAGE and light sweet crude and associated gas within end of 2021,” the company added.
60.585% of the Beryl Pipeline in 2017. the Core GBA, which includes the Buchan Andrew Benitz, CEO of Jersey Oil
As part of the deal with Lundin, Ancala oil field and J2 and Verbier oil discoveries. & Gas, commented: “The GBA has the
Midstream - based in Aberdeen - will also The development is planned to be executed scale to be extremely low carbon through
provide transportation and processing for in three phases, Jersey Oil and Gas said. platform electrification at the same
Lundin’s extended production test on the Phase 1 will deliver a single integrated time as offering highly favorable project
Rolvsnes field which is expected to start wellhead, production, utilities and quarters economics. As a result of a significant
production in Q3 2022 and is also located (WPUQ) Platform located at the Buchan amount of work from Jersey Oil & Gas’
in the Norwegian Sector of the North Sea. field. excellent project team, working with
Solveig is the first of two new fields Production from the reservoirs will be specialist contractors, consultants and
tying into Ancala Midstream’s capacity in supported by injection of both produced service providers, we are well on track to
the SAGE System in 2021 and will increase water and seawater. The facility will be deliver on our Licence commitment to
Ancala Midstream’s throughput in the normally manned. deliver the Concept Select to the Oil and
SAGE System to 55%. The Buchan wells will be drilled Gas Authority (“OGA”) by July this year.
The Solveig and Rolvsnes field will be utilizing a heavy-duty jack-up (HDJU) According to JOG, powering the
linked to the Edvard Grieg production located over a 12 slot well bay. platform from shore would reduce GBA
platform, in the Norwegian North Sea. The Phase 1 facilities will be designed to production emissions from North Sea
Jim Halliday, Chief Executive of Ancala accommodate Phase 2 and Phase 3 of the average of 20kg/boe (gas turbines) to less
Midstream, commented: “The addition development. CAPEX costs for Phase 1 are than 1kg/boe.
of two new fields and the substantial estimated to be approximately £1 billion. Benitz said: “We now plan to launch
reserves growth from the prolific Edvard Phase 2 will develop the J2 West, J2 a farm-out process, which we expect to
Grieg area, provides further evidence East, and Verbier East discoveries via a be highly attractive to a wide range of
of the strong prospectivity in the SAGE subsea tie-back to the GBA platform. Phase oil companies in light of the project’s
catchment area, as well as the confidence 3 will develop the Verbier West discovery scale, economics, and low carbon
our customers have in the SAGE System as via connection to the Phase 2 subsea potential through platform electrification,
their offtake system of choice. infrastructure. Field life is anticipated to be characteristic of certain fully electrified
“We have worked closely with Lundin 31 years. fields offshore Norway.”
to develop innovative solutions to the Electrification Plan for Greater Buchan JOG is looking to produce first oil from
technical challenges faced and in doing “The Buchan location benefits from the first phase in Q4 2025. The second
so reduced project development costs for close proximity to existing export phase startup would follow in 2027, and
the Solveig and Rolvsnes Owners. Ancala infrastructure for both oil and gas. Phase 3 in 2028.
Midstream’s growth since 2017 shows that Selection of the final oil and gas export
our operating and commercial strategy routes will be subject to a detailed
is delivering results. We would like to economic and risk assessment through

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