TAQA Gets Approval for Cladhan Development

TAQA Bratani reported late Wednesday that it has received approval from the UK government for its development plan for the Cladhan field in the North Sea.

The initial phase of development of the field – which is located on Blocks 210/29a and 210/30a in the northern North Sea – will consist of two producer wells and one injection well.  Cladhan is expected to produce over 17,000 barrels of oil equivalent per day initially with first oil expected in the first quarter of 2015. Production will be tied back to TAQA's Tern Alpha platform which lies some 11 miles northeast of the Cladhan field.

TAQA Bratani Managing Director Leo Koot commented in a company statement:

"The Cladhan development is the third field that TAQA has developed and the largest project to date. Developing Cladhan as a tie back to Tern supports TAQA's strategy to invest in our infrastructure as we recognise the crucial part it plays in allowing us to maximise recovery from the northern North Sea."

TAQA current has a 40.1-percent stake in the Cladhan field but an agreement to acquire further equity in the field from Sterling Resources could see its interest increase to 52.7 percent.

Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

View the original article here

TAQA Gets Approval for Cladhan Development

TAQA Bratani reported late Wednesday that it has received approval from the UK government for its development plan for the Cladhan field in the North Sea.

The initial phase of development of the field – which is located on Blocks 210/29a and 210/30a in the northern North Sea – will consist of two producer wells and one injection well.  Cladhan is expected to produce over 17,000 barrels of oil equivalent per day initially with first oil expected in the first quarter of 2015. Production will be tied back to TAQA's Tern Alpha platform which lies some 11 miles northeast of the Cladhan field.

TAQA Bratani Managing Director Leo Koot commented in a company statement:

"The Cladhan development is the third field that TAQA has developed and the largest project to date. Developing Cladhan as a tie back to Tern supports TAQA's strategy to invest in our infrastructure as we recognise the crucial part it plays in allowing us to maximise recovery from the northern North Sea."

TAQA current has a 40.1-percent stake in the Cladhan field but an agreement to acquire further equity in the field from Sterling Resources could see its interest increase to 52.7 percent.

Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

View the original article here

TAQA Gets Approval for Cladhan Development

TAQA Bratani reported late Wednesday that it has received approval from the UK government for its development plan for the Cladhan field in the North Sea.

The initial phase of development of the field – which is located on Blocks 210/29a and 210/30a in the northern North Sea – will consist of two producer wells and one injection well.  Cladhan is expected to produce over 17,000 barrels of oil equivalent per day initially with first oil expected in the first quarter of 2015. Production will be tied back to TAQA's Tern Alpha platform which lies some 11 miles northeast of the Cladhan field.

TAQA Bratani Managing Director Leo Koot commented in a company statement:

"The Cladhan development is the third field that TAQA has developed and the largest project to date. Developing Cladhan as a tie back to Tern supports TAQA's strategy to invest in our infrastructure as we recognise the crucial part it plays in allowing us to maximise recovery from the northern North Sea."

TAQA current has a 40.1-percent stake in the Cladhan field but an agreement to acquire further equity in the field from Sterling Resources could see its interest increase to 52.7 percent.

Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

View the original article here

JX Nippon Receives Approval for Mariner Field Development Plan

The UK's Department of Energy and Climate Change (DECC) has approved JX Nippon Exploration and Production's (JXNEPUK) field development plan for the Mariner oil field in the North Sea, the latter's parent – JX Nippon Oil and Gas Exploration – disclosed in a statement late Monday.

The Mariner heavy oil field, one of the four major assets in the UK, is sited in Block 9/11a in the North Sea, 93 miles (150 kilometers) east of Shetlands in a water depth of 360 feet (110 meters). The total investment in the field, including drilling, will be in excess of $7 billion, JX Nippon revealed.

Discovered in 1981, the Mariner field is estimated to have recoverable reserves of more than 250 million barrels of oil and 55,000 barrels of average daily oil production for the first four years.

Life of the oil field is expected to be around 30 years from 2017.

JX Nippon's development plan for the field involves building of a production, drilling and quarters platform along with a floating storage and offloading system. The company is also expecting to drill a significant number of production wells after startup in 2017.

"The Mariner field is one of our major assets in the UK, and we expect that it will contribute to the achievement of our long term daily production goal of 200,000 barrels of oil equivalent by 2020," JX Nippon noted in its statement.

Statoil is the operator of the field with a 65.11 percent interest. JXNEPUK and Cairn Energy hold the remaining stakes at 28.89 percent and 6 percent respectively.

Quintella has reported on the upstream and downstream oil and petrochemicals markets from 2004. Email Quintella at quintella.koh@rigzone.com.

Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

View the original article here