Elaine Maslin, 13th June 2012
Oil and gas explorer Antrim Energy said today it is looking at a Spar floating oil platform development of the central North Sea Fyne field and potentially other fields in the area.
The firm, which also said it was confident of taking over 100% control of Fyne, said it had also been given a seven month extension by the Department of Energy and Climate Change (DECC) to submit its development plan for the field.
DECC is also due to approve the firm taking over 100% of the interests in the field, through a transfer from Premier Oil and First Oil Expro, including operatorship.
Antrim said first oil on Fyne was still on target for the fourth quarter of 2014, but that it was hoping to bring joint venture partners on board to help it carry out appraisal and development of the Greater Fyne Area discoveries, including West Teal, 100% owned by Antrim.
Antrim also said that first production on the Causeway field, operated by Valiant Petroleum and 35.5% owned by Antrim, remained on track for the third quarter of this year.
First production from the nearby Fionn field, a second phase of the Causeway area development, also 35% owned by Antrim, is expected mid-2013 it said.
In a further announcement, it said exploration drilling on the Contender prospect, 8.4% owned by Antrim and operated by Taqa Bratani, is due to start in early July from Taqa’s Cormorant North platform.
If successful, it is expected to be on production before the end of the year through the platform.
It also said the Cyclone exploration well, operated by Premier Oil and 30% owned by Antrim 30%, is expected to start in October.