| << Back |
Amerada Hess (NYSE:AHC), on behalf of the co-venturers, has received DTI approval
for re-developing the Angus Field. It will be produced by a subsea tieback to
the Uisge Gorm floating production, storage and offloading vessel ("FPSO")
which is already producing the Fife, Fergus and Flora fields. This is the first
time on the UKCS that a decommissioned field has been re-developed.
The ground breaking re-development will have a single gas lifted well, an 8"
production flowline and a 3" gas lift line to tie back the well to the
Uisge Gorm FPSO approximately 18km away. Amerada Hess Limited has commenced
drilling on Angus utilising the Glomar Arctic IV Rig and production is expected
to commence at the end of the third quarter this year.
The Angus field located 209 miles east south east of Aberdeen, in UKCS Blocks
31/26a and 31/21, was originally produced between December 1991 and June 1993
from two subsea wells connected to the Petrojarl FPSO. At the time it was the
smallest stand alone field on the UKCS producing approximately 12 million barrels
and the first use of an FPSO for a full field development.
Amerada Hess Limited sees this contribution to the investment in the North Sea,
and being able to prolong the life of field to secure jobs, as an important
factor in addressing the challenges we face in a mature province.
Commenting on the re-development Nick Fairbrother, Managing Director Amerada
Hess Limited said:
"Amerada Hess are delighted that with the extra infrastructure now in the
area, and by the use of new tie back and imaging technologies, we have the opportunity
to access proven reserves of approximately 4 million barrels which would previously
not have been commercially viable to produce. The expected production of an
additional 5,000 barrels of oil per day will partly contribute to extending
the economic life of Fife and its associated fields while preserving jobs of
the offshore workforce".
Peter Hain, Minister for Energy said: "This is an example of the innovative
approach to the development of small satellite fields that will help to secure
the future of the North Sea. The PILOT Satellite Accelerator initiative should
lead to more satellite field developments."
The Uisge Gorm is operated on behalf of Amerada Hess Limited and Premier Oil
Exploration Limited by Bluewater Services UK Limited.
| Co-venturers: | |
| Amerada Hess Limited | 85% |
| Premier Oil Exploration Limited | 15% |
For further information:
Morag Pyper (Amerada Hess Limited) 01224 243003