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CNOOC, the parent company of Nexen Petroleum UK (Nexen), has announced that the Golden Eagle Area Development (GEAD) in the UK North Sea commenced...

UK’s Golden Eagle Area Development begins production

The Golden Eagle Area Development (GEAD) in the UK North Sea has commenced production, Nexen Petroleum UK announced. GEAD includes the Golden Eagle, Peregrine and Solitaire fields and is located 70km north east of Aberdeen, with average water depths between 89-139 m. The main facilities include producing wells and a production platform. Currently there are two Golden Eagle wells with potential to produce approximately 18,000 bbl/day. The project is expected to reach its peak production of approximately 70,000 bbl/day in 2015.

Nexen, which is a subsidiary of CNOOC, is the operator of the development, with 36.54% interest. Partners on the remaining interests are Maersk Oil North Sea UK, Suncor Energy UK and Edinburgh Oil and Gas.

“(The) announcement represents a great achievement by the Golden Eagle project teams,” Martin Rune Pedersen, Managing Director of Maersk Oil UK, said. “A project of this scale is important for the UK North Sea and for Maersk Oil. To deliver it safely, on time and on budget is an excellent performance.”

“GEAD was delivered on schedule on budget, and to world-class safety standards,” CNOOC CEO Li Fanrong commented. “The GEAD supported in excess of 2,500 jobs in the UK and makes a significant production contribution to the company in the near future.”

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