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 April 2015

    Transocean appoints Jeremy D. Thigpen as President & CEO

    Transocean has announced that Jeremy D. Thigpen has been named President and Chief Executive Officer effective 22 April 2015. Mr Thigpen succeeds Ian C. Strachan, Interim...

  • 22 April 2015

    Noted broadcast journalist Eithne Treanor to MC IADC World Drilling 2015, Rome, 17-18 June

    IADC is pleased to announce that noted industry broadcast journalist and professional moderator Eithne Treanor will serve as master of ceremonies...

  • 22 April 2015

    UBO & MPD Committee drives safe practices, while survey indicates industry moving toward acceptance

    The IADC Underbalanced Operations & Managed Pressure Drilling Committee continues to drive safe practices...

  • 22 April 2015

    Video: Schlumberger’s At Balance brand aims to make MPD more accessible

    Schlumberger recently brought back the At Balance brand as a family of product and services offering at the 2015 IADC/SPE Managed Pressure Drilling and Underbalanced...

  • 21 April 2015

    Petrobras’ first MPD operation aboard a DP rig succeeds

    Petrobras’ first use of MPD aboard a dynamically positioned rig proved successful and kept NPT to less then 3%, according to a paper presented at the 2015 IADC/SPE...

  • Read more news