Offshore staff
ABERDEEN, UK– Spirit Energy has taken over operatorship of the Babbage gas field in the UK North Sea, where it holds a 13% interest.
The company has also taken on operatorship of the nearby Cobra license, where it holds a 50% interest and plans to drill an additional well in the area to prove up reserves.
Transfer of operatorship was subject to completion of the divestment of Premier Oil’s 47% interest in Babbage and 50% interest in the Cobra license toVerus Petroleum SNS Ltd. and securing relevant regulatory approvals. Premier Oil confirmed the completion of its divestment on Dec. 6, 2018. Dana Petroleum (Dana) is the other partner in the Babbage field, with a 40% interest.
Rune Martinsen, Spirit Energy’s North Sea Asset Director, said: “As operator we will be able to leverage our experience with this asset and area that we know well. We are looking forward to working with our new partner Verus, and existing partner Dana to maximize the value of the field.
“We will focus on safe cost-efficient operations to maximize recovery from the field. We are also hoping to add further resources in the Greater Babbage Area through planned drilling activities.”
Babbage, which first came onstream in 2010, is produced via a not permanently-attended installation, 55 mi (86 km) off the east coast of the UK and has a year-to-date 2018 average production of around 4,900 boe/d.
12/07/2018
