First gas has been delivered on schedule from the Cayley field, the third and final new discovery to be brought on stream during the major redevelopment of the Montrose Area in the Central North Sea.
Repsol Sinopec Resources UK revealed Wednesday that first gas has been delivered on schedule from the Cayley field, the third and final new discovery to be brought on stream during the major redevelopment of the Montrose Area in the Central North Sea.
Gross incremental production from Cayley, Godwin and Shaw (brought on stream in May) is expected to peak at 40,000 barrels of oil equivalent per day. This will extend the life of the Montrose facilities, which were installed in 1976, to beyond 2030, according to Repsol Sinopec.
“Safe and successful delivery of these fields is a great achievement for Repsol Sinopec and underlines the transformation of our business,” Brian Winton, general manager for Montrose and Arbroath, said in a company statement.
“With the support of our shareholders and our partner Marubeni we have overcome significant technical and legacy challenges to safely maximize economic recovery from these historic fields and facilities. We can now look forward to hub production from Montrose for another 15 years,” he added.
Deirdre Michie, chief executive of industry body Oil & Gas UK, welcomed the news.
“This is the sixth major development to reach first production so far in 2017 and therefore another very welcome announcement, underlining our belief in the future of the North Sea and the resolve of operators to make the most of the opportunities it still offers,” Michie said in a statement sent to Rigzone.
“There are still billions of barrels of oil and gas in the basin and maximizing economic recovery of those protects and sustains many thousands of UK jobs, helps deliver security of supply and significantly bolsters the UK economy,” she added.
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