First oil from Golden Eagle development

abarrelfull wrote on 12 Nov 2014 19:32
Tags: cnooc europe nexen north-sea uk upstream

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CNOOC Limited, the parent company of Nexen Petroleum UK Ltd (Nexen), has announced that the Golden Eagle Area Development in the UK North Sea commenced production. Nexen is the operator of the development, with Maersk Oil North Sea UK Ltd holding a 31.56% interest.

The Golden Eagle Area Development includes the Golden Eagle, Peregrine and Solitaire fields and is located 70km north east of Aberdeen, with an average water depth of 89-139 metres. The main facilities include producing wells and a production platform. Currently there are two Golden Eagle wells with potential to produce approximately 18,000 barrels of oil per day. The project is expected to reach its peak production of approximately 70,000 barrels of oil per day (boepd) in 2015, with Maersk Oil net production expected to be c 20,000 boepd.

Martin Rune Pedersen, Managing Director of Maersk Oil UK said, “Today’s announcement represents a great achievement by the Golden Eagle project teams. A project of this scale is important for the UK North Sea and for Maersk Oil - to deliver it safely, on time and on budget is an excellent performance.”

Nexen Petroleum U.K. Ltd. (“Nexen UK”), a wholly-owned subsidiary of CNOOC Limited, is the operator of the Golden Eagle Development Area and has 36.54% interest. The remaining interests are held by Maersk Oil North Sea UK Ltd. (31.56%), Suncor Energy UK Ltd. (26.69%) and Edinburgh oil and Gas Ltd (5.21%).

Note: The fields are located in blocks 20/1S, 20/1N and 14/26a of the UK North Sea

• First oil from Golden Eagle development

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