Offshore staff
LONDON — Kistos Energy expects Edradour West to be the next tie-in development to the TotalEnergies-operated Greater Laggan Area (GLA) gas trunkline system west of Shetland, the company said in its latest results statement.
Alongside anticipated new third-party throughput to the onshore Shetland Gas Plant, Edradour West would extend the life of the existing facilities and could be followed by the tie-in of Glendronach and additional infill wells on the existing developed fields connected to the trunkline.
In the Dutch North Sea, the concept select phase for Kistos’ planned Orion oil development is nearing completion, and FID is now targeted for the first half of 2024, with first oil expected around year-end 2025.
This would be a low-cost project using the existing facilities at Q10-A and P15-D, and the oil produced will be among the lowest-taxed barrels in the North Sea (a tax rate of about 50%), the company claimed. In parallel, Kistos is working on opportunities to enhance production from existing wells or drill infill wells at Q10-A.
During the first half of 2022, the company applied for an extension to the M10a and M11 licenses north of the Wadden Islands beyond June 30, 2022. Initially the extension was vetoed, but following successful objection proceedings, Kistos gained an extension to 2028.
It will now apply for a permit to drill an appraisal well, and it is working with local municipalities and other stakeholders ahead of embarking on assessment phase planning work.
This May the company completed its acquisition of Norwegian independent Mime Petroleum and has renamed the company Kistos Energy (Norway) AS (KENAS).
KENAS is a minority partner in the Balder and Ringhorne fields and Ringhorne Øst, all operated by Vår Energi. At Ringhorne, an integrity issue concerning the gas-lift riser was addressed in May, with the riser reinstated. It was due to be replaced by a new riser this month.
09.28.2023
