Offshore staff
LONDON – RockRose Energy will look to cut its previously announced capex for its North Sea fields this year by at least $80 million.
Abandonment expenditure will be around $5 million lower than planned, with overall unit operating costs set to fall below $30/boe.
The company added that it is working with its various partners on capex and opex cuts across its portfolio.
Following a successful challenge by TAQA and other partners in the Greater Brae Area, which had served an operator discharge notice on previous operator Marathon Oil UK prior to RockRose’s acquisition, the company has started the process of transferring operatorship to TAQA.
Work continues to make the Brae Bravo platform ready for removal: last summer, the facility was ‘made-safe’ and down-manned.
RockRose said a favorable fixed-price contract is in place for removal and disposal of the Bravo facilities in 2021 and 2022 and work on the engineering process continues with the contractor.
Later this year the East Brae drill rig recertification project should be completed in readiness for well P&A to begin in 2021. Later this year contractors will be invited to tender for removal of the East Brae facilities, in advance of the anticipated cessation of production date, allowing time for structured planning and execution.
Also in 2020, the redundant Brae Alpha drilling rig will be removed from the platform, reducing the maintenance and integrity inspection burden on the facility. RockRose is developing regulatory documentation to help secure approval for the various decommissioning projects.
04/06/2020
