Cost reduction measures under review for North Sea Kraken oil field

Waldorf Production has issued an update on development and decommissioning activities at its producing fields in the UK North Sea.

From April 1, the lease rate for the Kraken FPSO will come down by about 70%, leading to a reduction in operating costs for at the Kraken field in the East Shetland basin.

Operator EnQuest is also reviewing the potential for displacing much of the diesel currently used to power operations, to further reduce costs and the FPSO’s emissions.

In the central North Sea, Waldorf is working with operator Ithaca Energy on ways of sustaining output from the Alba field, now in its tail-end phase, through re-opening existing wells.

At the Scott field, following operational issues, production resumed last December with the J48 infill well subsequently brought onstream in January. The program at Scott this year includes completion of the first gas turbine upgrade, a well intervention campaign and drilling of another new infill well, ST04, due onstream in October.

Waldorf is also working with its partners on various offshore facilities decommissioning and well P&A programs. The latter is planned later this year at Alba and Rochelle in the central sector and TORS and Wenlock in the southern North Sea.