Offshore staff
LONDON — EnQuest expects to resume drilling at the Magnus Field in the UK’s East Shetland Basin, following a five-yearly rig recertification at the platform.
The company is aiming to drill two sidetrack wells and various scale squeeze before the end of the year.
Drilling should also restart next year at the nearby heavy-oil Kraken Field, which recently produced its 70 millionth barrel of oil. The co-venturers have sanctioned ordering of long lead items for two sidetracks.
At the CNOOC-operated Golden Eagle Field, the third of four new wells is being completed for production, EnQuest said. The final planned well, a water injector, should be completed in mid-2024.
Construction has started at the company’s Sullom Voe Terminal on Shetland of a new oil stabilization facility. This is designed to support continued production from fields in the East Shetland Basin, reduce power demand at the terminal and associated emissions, and lower operating costs.
The existing stabilization facility will then be made ready for decommissioning in early 2025. The new facilities will also enable SVT to be connected to the UK electrical power grid, and the associated retirement of the Sullom Voe power station.
By the end of April, EnQuest had plugged and abandoned (P&A) six wells at the Thistle Field and four at Heather, both in the UK northern North Sea, against an annual target of 25 wells. According to North Sea Transition Authority review data, the company added, the probabilistic average cost per well for P&A of about £2.5 million (US$3.18 million) is 42% lower than the industry benchmark of about £4.3 million (US$5.47 million).
06.03.2024
