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  • Neptune Energy: Drilling rig contract awarded for Seagull project
    édité le 30/09/2019 - Plus de news de "Neptune Energy" - Voir la fiche entreprise de "Neptune Energy"


Neptune Energy: Drilling rig contract awarded for Seagull project
Neptune Energy and its joint venture partners BP and JAPEX announced Valaris plc has been awarded a contract to provide a heavy-duty jack-up drilling rig for the Seagull development oil project in the UK North Sea.

Valaris will provide the Rowan Gorilla VI (VALARIS JU-248) to drill four firm wells for the development, which is located in the Central North Sea.

The approximately 18-month drilling campaign is scheduled to start Q3 2020.

Neptune Energy’s UK Managing Director, Pete Jones, said: “This is an important milestone for the Seagull project and a further demonstration of how the development is progressing at pace, following the award of the SPS and SURF contract to TechnipFMC in July.

“We are pleased to be working again with Valaris which continues to demonstrate strong safety and operational performance.

“Seagull is a very positive example of what our industry is working hard to achieve in terms of MER UK; the project partners have embraced a collaborative, commercially-innovative approach and extended the life of operating assets through the use of existing infrastructure in order to maximise recovery of North Sea hydrocarbons.”

Seagull is a high pressure, high temperature development located on UK licence P1622 Block 22/29C, 17km south of the BP Operated ETAP Central Processing Facility (CPF). Seagull will be tied back to the ETAP CPF partially utilising existing subsea infrastructure which would otherwise have been decommissioned. Gas from the development will come onshore at the CATS processing terminal at Teesside, while oil will come onshore through the Forties Pipeline System to the Kinneil Terminal, Grangemouth.

The development is expected to initially produce around 50,000 barrels of oil equivalent (boe) per day1 (80 per cent oil) across its 10-year design life. Proved plus probable gross reserves are estimated at 50 million boe.

Work on the Seagull project has continued at pace since the Field Development Plan (FDP) was submitted to and approved by the Oil and Gas Authority (OGA) in March this year.

Neptune is the operator of Seagull and has a 35 per cent equity interest. Its joint venture partners are BP with 50 per cent and JAPEX with 15 per cent. Neptune acquired its 35 per cent interest in Seagull from Apache North Sea Limited in 2018.

About Neptune Energy

Neptune Energy is an independent global E&P company with operations across the North Sea, North Africa and Asia Pacific. Neptune had production of around 160 thousand net boe per day in 2018 and 2P reserves at 31st December 2018 of 638 million boe. The Company, founded by Sam Laidlaw, is backed by CIC and funds advised by Carlyle Group and CVC Capital Partners.

About BP

BP (NYSE:BP) is one of the world's largest oil and gas companies, serving millions of customers every day in more than 80 countries, and employing nearly 85,000 people. BP's business segments are oil and gas exploration & production, and refining & marketing. In alternative energies, BP has low- and no-carbon wind and biofuels businesses. Through these activities, BP provides fuel for transportation; energy for heat and light; services for motorists; and petrochemicals products for plastics, textiles and food packaging. It has strong positions in many of the world's hydrocarbons basins and strong market positions in key economies.

About Japex

JAPEX is engaged in projects in Japan and overseas that span the E&P value chain, from exploration, development, production and transportation to supply for long-term stable supply of energy.
Recently JAPEX has been focusing on three main business areas; E&P Business as our core business, Domestic Natural Gas Supply Business as stable supply and growth its volume of natural gas for clients, and Environment and Innovative Technology Business as new energy development utilizing our accumulative technologies and insights through E&P business.
Furthermore, JAPEX is aiming to “Transform to an Integrated Energy Company with a Focus on E&P” to expand our business area wider related to oil and gas E&P.

About Valaris

Valaris plc (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. With an unwavering commitment to safety and operational excellence, and a focus on technology and innovation, Valaris was rated first in total customer satisfaction in the latest independent survey by EnergyPoint Research - the ninth consecutive year that the Company has earned this distinction. Valaris plc is an English limited company (England No. 7023598) with its corporate headquarters located at 6 Chesterfield Gardens , London W1J 5BQ.


Origine : Communiqué Neptune Energy

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