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Atlantic Petroleum - The Ettrick Field   26.3.2007 09:04:20
Flokkur: Fyrirtækjafréttir   Færeyskar fréttir      Íslenska  English
Atlantic Petroleum announces that the 20/2a-P1 Ettrick Development well has been spudded

Atlantic Petroleum announces that the 20/2a-P1 Ettrick Development well has been spudded. The well is the first of a series of four development wells to be drilled back to back in 2007 on the Ettrick Field.


The well is being drilled by the Borgsten Dolphin semi-submersible rig in a water depth of 366 feet. The well is a high angle well, will intersect the Upper Jurassic Ettrick sandstone reservoir target and is expected to reach a total depth of approximately 12,240 feet MD. The well will be suspended as a producer prior to being tied back to the floating production storage and offloading vessel ‘Aoka Mizu’. The well will be followed by the drilling of two further production wells and one water injection well on the field. A further one or two development wells will be drilled later in field life dependant on field performance.

 

Wilhelm Petersen, Managing Director of P/F Atlantic Petroleum said:

“We are very pleased to announce the start our 2007 drilling campaign, which is anticipated to include at least six wells, including both development and exploration wells. The development of the Ettrick Field has reached another milestone towards the first oil date in 2008”

 

 

Further Details

Further details can be obtained from Wilhelm Petersen, Managing Director, tel +298 350 100 (wilhelmp@petroleum.fo) or Teitur Samuelsen, Financial Manager, tel +298 350 100 (teiturs@petroleum.fo). This announcement will be available, together with other information about Atlantic Petroleum, on the company’s website: www.petroleum.fo.

 

Editor’s notes

 

The Ettrick Field is located on Licences P317 & P272, Blocks 20/2a and 20/3a, in the UK Central North Sea. The licences are operated by Nexen (79.73%) with partners Bow Valley (12%) and Atlantic Petroleum (8.27%).

 

The field was discovered by the 20/2-1 well, drilled in 1981 by BNOC, and tested 4,358 bopd from Upper Jurassic, Middle Volgian Ettrick turbidite sandstones at 10,300 ft TVDSS and also encountered oil in the underlying Zechstein carbonates.

 

 

The field was appraised by seven further wells between 1982 and 1985, four of them successfully producing oil to surface.

 

The UK Department of Trade and Industry approved the development plan for Ettrick in July 2006. The development consists of a leased floating production storage and offloading vessel (FPSO), which is called the ‘Aoka Mizu’ and is currently being modified in preparation for planned first oil in the first half of 2008.

 


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