Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

‘High level’ of interest for Bridge’s Galapagos development

The Greater Galapagos Area includes the partially-developed North West Hutton field, discovered in 1975
The Greater Galapagos Area includes the partially-developed North West Hutton field, discovered in 1975

Bridge Petroleum has reported “high levels” of farm-out interest for its Galapagos development in the northern North Sea.

The operator, which has a 100% stake, is currently seeking partners for the project, which includes the amalgamation of the formerly-named North West Hutton and Darwin fields east of Shetland.

A farm-out process has recently been launched and CEO David Williams said that it is “early days but the level of interest is high”.

A competent person’s report has provided “very conservative” 2P estimates of 80million recoverable barrels of oil for stage one, with Bridge expecting “roughly the same again” for stages two and three.

However, the company hopes to recover 40% of the estimated oil remaining in place, which equates to around 360million barrels.

The firm has described the Greater Galapagos Area as a “dormant Brent giant” and among the biggest developments available in the North Sea, save for west of Shetland.

Bridge has now submitted a revised field development plan for phase one of the project to the Oil and Gas Authority.

It involves a “small reduction in well count” for stage one, with 11 producing wells.

A total of 24 wells will be drilled for Galapagos, with the first aimed to be drilled in the middle of next year, according to Mr Williams.

North West Hutton was discovered in 1975, but ceased production in 2002 due to numerous reasons including the oil price.

Bridge acquired the licenses for Darwin and NW Hutton from Taqa and Ineos over the last year.

The fields were also previously operated by Amoco, BP and Fairfield Energy.

Bridge hopes strides in technology which were not available 30 years ago will allow it to meet the potential of Galapagos.

The firm intends to have four subsea drilling centres tied back to a floating, production, storage and offloading vessel for the Greater Galapagos Area.

Mr Williams added that Bridge is currently in the process of finalising many of the supply chain contracts for the development.

Galapagos lies around 80miles east of Shetland.

Recommended for you

More from Energy Voice

Latest Posts