Offshore staff
THE HAGUE, the Netherlands – Hague and London Oil (HALO) has been awarded license P2578 in the UK southern North Sea, including the shut-in Schooner gas field.
According to the company, the field still contains material resources remaining despite the abandonments of the hub facilities and the export pipeline to the UK’s east coast.
HALO plans to re-activate Schooner with production re-directed to the Western Gas Transmission (WGT) system in the Dutch North Sea and the associated processing facilities onshore in Den Helder.
Currently the company owns 8.88% of the WGT and, with its partners is continuing to assess opportunities in UK waters close to the Dutch median line.
In addition, the company has secured 21.66% interests in Dutch offshore licenses F4a and F5. HALO, Neptune Energy, and NAM have determined a joint operating agreement (JOA) for F4a East and F5, with the main focus on shallow gas objectives.
A separate JOA to be negotiated for the F4a West/Deep area, operated by NAM, will concentrate on deeper objectives.
Work on an initial shallow gas prospect indicates recoverable resources of over 70 bcf, and there are look-alike structures elsewhere on the concessions. Drilling could start toward the end of 2021.
HALO has relinquished its equity in the Greater Pegasus Area (GPA) in the UK southern sector following a continuing dispute between adjacent operators of infrastructure over the optimum commercial development solution.
The company and Neptune Energy have also proposed withdrawing from Dutch offshore licenses E10 and E11 licenses, with no likelihood of exploration drilling in the short or medium term.
12/11/2020
