UK approves Premier Oil to develop Catcher area in North Sea

Posted on 12 June 2014

Premier Oil has received approval of its Catcher area field development plan from the UK Department of Energy and Climate Change. “The Catcher area development shows that there continues to be an extraordinary level of interest in North Sea oil and gas, which is excellent news for industry and for the whole of the UK,” Michael Fallon, UK Minister of State for Energy, said. “The project represents over £1 billion of investment and almost all of the subsea expertise and equipment needed for this development is being supplied by British companies right across the country.”

The Premier-operated Catcher area, located in the UK Central North Sea, is expected to produce 96 million bbl of oil equivalent with a peak production rate of approximately 50,000 bbl of oil per day.

The project will entail the drilling of 22 subsea wells (14 producers and eight water injectors) on the Catcher, Varadero and Burgman fields, which will be tied back to a leased FPSO. The oil will be offloaded by tankers, while the gas will be exported through the SEGAL facilities.

All major service contracts have been awarded, and the project is now in the execution phase. First oil is targeted for mid-2017.

“Having discovered Catcher in 2010, we are extremely pleased to have brought the Catcher area through the development approval process,” Simon Lockett, CEO of Premier, commented. “Once on-stream this project, which has been facilitated by the government’s small field allowances, will underpin our growing cash flows.”

1 Comments For This Post

  1. ataliba Says:

    Gostaria de receber notícias de área de petróleo e gás, sobre perfuração e completação de poços.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 22 October 2014

    Shell discovers gas in pre-salt reservoir offshore Gabon

    Shell announced a frontier exploration discovery offshore Gabon, West Africa. The well Leopard-1 encountered a substantial gas column with around 200 m net gas pay…

  • 22 October 2014

    Statoil proves new oil resources near Grane field in North Sea

    Well 25/8-18 S, drilled by the rig Transocean Leader, proved an oil column of 25 m in the Heimdal Formation. The estimated volume of the discovery…

  • 21 October 2014

    IADC Cybersecurity Task Group to provide industry guidance to assess risks

    The oil and gas industry is not immune to cybersecurity threats, from computer viruses and malware to targeted attacks. The IADC Advanced Rig Technology (ART) Committee…

  • 21 October 2014

    Check-6 launches RIGOR digital checklist and compliance system

    Check-6 has launched RIGOR, a checklist-based mobile app to help simplify complex procedures and mitigate human error on the rig. Taking lessons from the aviation industry…

  • 21 October 2014

    Video: Next IADC Land Contract update to start in 2016

    The latest version of the IADC Land Contract was released in November 2013. Various incidents, including Macondo, delayed the release. “It’s an industry contract…

  • Read more news