Offshore staff
OSLO, Norway — DNO Exploration UK Ltd. has an agreement to acquire a 25% interest in the Shell-operated Arran Field in the UK central North Sea from ONE-Dyas E&P.
Arran, a subsea tieback to Shell’s Shearwater A platform, came onstream in 2021. The produced gas heads through the Fulmar Gas pipeline to the St. Fergus Terminal in eastern Scotland.
Produced liquids are exported to Cruden Bay north of Aberdeen via the Forties Pipeline System.
DNO expects to add 4 MMboe to its production from the transaction, with a projected net output of 2,000-2,500 boe/d this year. The company will pay ONE-Dyas $70 million, plus up to $5 million more on attainment of certain operational targets.
Parent company DNO continues to expand its North Sea portfolio, which currently includes 14,200 boe/d of production, mainly from fields offshore Norway. This should climb as the ongoing Trym Restart, Andvare and Berling developments go onstream.
Subject to approvals, DNO expects to close the deal this spring.
02.07.2024
