Petro-Canada's De Ruyter Development Achieves First Oil

abarrelfull wrote on 21 May 2014 11:39
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Oct. 2, 2006) -

Petro-Canada announced achievement of first oil from the De Ruyter development, located in the southern part of the North Sea on the Dutch Continental Shelf.

Operated by Petro-Canada, De Ruyter will ramp up production during the remainder of 2006. In 2007 and 2008 production is expected to average approximately 18,500 barrels per day of which over 90% will be oil and the remainder will be natural gas. This would add approximately 10,000 barrels of oil equivalent per day net to Petro-Canada. Petro-Canada has a 54.07% interest in the field and is a partner with Energie Beheer Nederland (EBN), who holds the remaining 45.93% interest.

"The successful start-up of De Ruyter is the first milestone in delivering near-term production growth internationally, a key component of our international growth strategy. Around year end we also expect to have production from Block L5b-C in The Netherlands and the Buzzard field, located in the UK North Sea," said Peter Kallos, Executive Vice-President, International. "This is our second development of an operated platform in the Netherlands, and this project experience should be a benefit to both our portfolio in Northwest Europe and to our international business."

The De Ruyter field straddles Blocks P10a and P11b, which are both operated by Petro-Canada. The development consists of a Gravity Base Structure with wellhead and lattice towers supporting an Integrated Production Deck. De Ruyter joins Hanze as Petro-Canada's second operated offshore field in the Dutch North Sea.

"The project team, staff and our contractors worked hard together to bring the De Ruyter development on-stream within our target for schedule and budget. Most importantly, our team should be congratulated that first oil was achieved with a good safety record," said Mr. Kallos.

• Petro-Canada's De Ruyter Development Achieves First Oil

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