These will be drilled from two semi-submersible mobile drilling units.
Mariner Area Development project status
Because Kraken's oil is so heavy, its production will require an artificial lift using hydraulic submersible pumps, which will be powered from the FPSO. At peak production, field is expected to produce around 30, barrels per day over a production lifetime of 25 years. Kraken's heavy oil has a low gas-to-oil-ratio GOR so any produced gas will be insufficient to provide the project's heat and power needs over its lifetime. Initially, associated gas and crude oil produced will provide the power needs.
Eventually, the project will have to import additional gas via a pipeline from Norway.
This will be supplied from the Statoil-operated Bressay field in Norwegian waters, assuming that the Norwegian government approves that field's development. For most of Kraken's lifetime, the FPSO will require an estimated 1, barrels per day of oil and million cubic feet of gas per day for its operational power needs. Despite its modest size, Kraken is the largest North Sea development project announced in In October the Bentley license was reviewed in order to ascertain the appropriate field determination boundary for agreement with the OGA and the boundary of the Bentley oil field has been accepted subject to formal FDP approval.
UK government approves £4bn North Sea oil project
Xcite announced in February that they had successfully completed a technical review of the first phase of the Bentley field development with the Oil and Gas Authority to ensure that the plan meets the OGA's policy objectives of maximising the economic benefit to the UK of its oil and gas resources. At the same time the company announced that they anticipate submitting a field development plan to the OGA in The Bentley field is planned with a phased development.
The first phase development, with a 5-year drilling programme, and focused on the northern area of the field will be followed by a second phase, which will focus on the western and south areas of the Bentley field. Technical and engineering work streams are largely complete and it is expected that the field will commence operation approximately three years after FDP approval from the UK Government.
Bressay | Wood Mackenzie
FDP submission is currently pending commercial and funding discussions which are ongoing as of May The company announced in their third quarter results that technical and commercial due diligence on the Bentley field had been completed by a potential field development partner, but that they remained very actively engaged with a wide range of parties in order to maximise the opportunity to secure the required funding.
Separately, that the company has committed a significant amount of time to a technical review of the Bentley field development concept with the United Kingdom Oil and Gas Authority.
In late May Xcite Energy announced that they had reached agreement on the principal commercial terms for the development funding of the first phase of the Bentley project, but that they require a partner to join the development group. Search label Search Search.
Statoil rethinks North Sea Bressay plan
Asset Report Bressay 15 July Add to cart. Share link. Contact us about this report Close Contact us Submit your details to receive further information about this report.
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