Blane Field Being Considered for Development

abarrelfullabarrelfull wrote on 24 Nov 2014 07:09

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18 April 2000

Petrobras UK Limited (Petrobras), as operator for and on behalf of the Blane Joint Venture, in which ROC has a 15.24% interest, has formally advised industry contractors that it is currently evaluating and wishes to progress, the development of the Blane Oil Field in the UK North Sea.

In a public notice to contractors, Petrobras has provided a number of comments with regard to the Blane Field Development Project including the following.

  • Petrobras recognises that there are a number of ways by which the field could be developed and it has advised contractors that it intends to select the optimum concept through a tendering process.
  • The field lies in 74 metres of water and contains reserves of 15 - 40 MMBO of 42° API oil which will be developed with 2 - 5 wells. A 1 - 3 year oil production rate of 15,000 - 25,000 BOPD is forecast together with 6 - 10 MMSCFD of associated gas. The field will require water injection and artificial lift. First oil is planned for early 2002 and a field life of 3 - 8 years is expected.
  • Petrobras and its co-venturers intend to enter into a risk-sharing and/or performanceincentivised contract with one or more contractors and/or consortia, which are able to demonstrate significant relevant experience, technical and innovative expertise, appropriate resources and the financial capability to develop the field.

Commenting on the public notice from Petrobras ROC’s CEO Dr John Doran stated that:

“It is encouraging that this necessary first step towards the potential development of the Blane Field is running well ahead of ROC’s Prospectus forecast which suggested that the field would probably not be subject to any development activity before 2005.”

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