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Update on UKCS Field Development Projects - Intsok

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<strong>Field</strong> **Carna<br />

Area Southern North Sea<br />

Operator Centrica<br />

<strong>Development</strong> c<strong>on</strong>cept Subsea?<br />

Transport c<strong>on</strong>cept 11 km pipeline to Kilmar or 30 km pipeline to Trent?<br />

Start-up 2012<br />

Comments: Project sancti<strong>on</strong> for Carna, which was discovered by Venture in 2009 before it<br />

was taken over by Centrica, is looked for in late 2010/early 2011 and start-up in 2012. The<br />

base case for development is two subsea wells, though a platform has not been ruled out. No<br />

decisi<strong>on</strong> has yet been taken <strong>on</strong> the host – both ATP’s Kilmar and Perenco’s Trent are under<br />

c<strong>on</strong>siderati<strong>on</strong>. Other prospects have been identified in the area which are likely to be drilled.<br />

<strong>Field</strong><br />

Causeway<br />

Area Northern North Sea<br />

Operator Antrim<br />

<strong>Development</strong> c<strong>on</strong>cept Subsea<br />

Transport c<strong>on</strong>cept 9km pipeline to Dunlin<br />

Start-up 2011/12<br />

Comments: The lengthy delay in the development of the Causeway oil field should come to an<br />

end with an agreement whereby Antrim will transfer part of its stake and the operatorship to<br />

partner Valiant. Valiant’s first task will be to review and optimise the modified field development<br />

plan and submit it to DECC. The new plan will incorporate significant time and cost savings,<br />

mainly resulting from a tie-in into existing subsea infrastructure rather than directly back to<br />

Dunlin. The project is also expected to benefit from measures in the 2009 budget. But whether<br />

start-up is still achievable in 2011, as previously planned, is unclear. The $113m first phase<br />

involves the development of the eastern part of the field with <strong>on</strong>e subsea producer and <strong>on</strong>e<br />

water injector – these will be based <strong>on</strong> existing wells. A sec<strong>on</strong>d producer will be added after a<br />

year. Overall reserves are estimated at 21.6m bbl, of which 8m will be produced in the first<br />

phase. The 2006 discovery well and five appraisal wells have all been suspended. Antrim<br />

c<strong>on</strong>tracted Senergy to assist with preparati<strong>on</strong> of the plan and CSL to perform subsea project<br />

management and assist with selecti<strong>on</strong> of the host facility.<br />

www.intsok.com<br />

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