Subsea

Provisional rig contract in place for North Sea Teal West tieback

Aug. 24, 2023

Production from the Anasuria area in the UK central North Sea has fallen recently due to shut-in of the GUA-P5 well in May, due to a hydraulic supply issue to the subsurface safety valve.

Related To: Hibiscus Petroleum

Offshore staff

KUALA LUMPUR, Malaysia — Production from the Anasuria area in the UK central North Sea has fallen recently due to shut-in of the GUA-P5 well in May, due to a hydraulic supply issue to the subsurface safety valve.

Operator Anasuria Hibiscus UK will allocate $20.2 million for an upgrade and replacement of facilities on the Anasuria FPSO, to include work related to the 4-km subsea tieback of the Teal West Field.

Under the recently approved development plan, the company will drill an oil producer well followed by a water injector, about 12-18 months after first oil.

Drilling of the initial well should start in mid-2024, with a non-binding letter of intent in place for a drilling rig and some long lead items already on order. Installations related to the tieback should follow in third-quarter 2024, with total estimated capex for the project at $111.5 million.

08.23.2023