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Repsol Sinopec targets additional 10million North Sea barrels

Repsol Sinopec losses
The Claymore production hub.

Respsol Sinopec Resources UK (RSRUK) has announced plans to recover an additional 10million barrels of oil equivalent (boe) from its North Sea assets.

The work will take place from its Tartan, Claymore and Piper Bravo platforms.

In July production will restart from the Galley field, a subsea tieback to Tartan around 90miles north-east of Peterhead, which halted in 2012 after a pipeline failure.

RSRUK said this will bring an additional 1.1mboe and will continue through at least until the end of Tartan’s production life.

Meanwhile, at the Claymore platform 100miles north-east of Aberdeen, work  to reactivate a drilling package is nearing completion, aimed at bringing up to 4.7million additional barrels.

Similar work will follow for the Piper Bravo, 120 miles north-east of Aberdeen, and could realise another 4.2million barrels, scheduled to begin producing in Q3 next year.

The firm also gave updates on plans for the Tain field and decommissioning programmes for older assets.

RSRUK is working with its 50/50 partner RockRose Energy to develop a field development plan for Tain in the Central North Sea, which is due to be delivered by the end of the year.

A final investment decision will follow “soon afterwards” for the field which is expected to be produced through the Bleo Holm floating production vessel in 2021.

RSRUK chief operating officer Nicolas Foucart said:  “We are focusing on a number of smaller, incremental production-adding opportunities like these across our portfolio, that can play an important role in helping us to build a sustainable future for the business and that also support the objective of Maximising Economic Recovery (MER) from the UKCS.

“After some challenging times, we’ve taken huge strides in recent years to control costs and to increase production efficiency, safely.

“We still have more work to do to, but we are now ready to grow our business, and effective delivery of these projects this year should position us well to capitalise on future such opportunities.”

Decommissioning work is also underway on a number of assets that have ceased production.

The Ensco 100 rig has been booked to take on a five-well plugging and abandonment programme at the bridge-linked Fulmar platform in June.

In addition P&A activities will begin on five wells from the Montrose platform in June.

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