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Update on UKCS Field Development Projects - Intsok

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

Area Central North Sea<br />

Operator Sterling<br />

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

Transport c<strong>on</strong>cept 8km pipeline to Pict<br />

Start-up 2011/12<br />

Comments: According to Sterling, which last year took back the operatorship of Sheryl from<br />

Oilexco North Sea, development has been awaiting capacity in Petro-Canada’s Pict pipeline<br />

system. Pict, which lies about 8 km from Sheryl, is tied into Hess’s Trit<strong>on</strong> FPSO. A<br />

debottlenecking project <strong>on</strong> Trit<strong>on</strong>, including an increase in the capacity of pipelines linking<br />

Petro-Canada’s fields to the FPSO, is due to be implemented this year, which will perhaps<br />

open the way for Sheryl. Other offtake opti<strong>on</strong>s will be investigated, according to Sterling,<br />

though apart from other points of entry into the Trit<strong>on</strong> infrastructure, there is nothing else<br />

nearby. Reserves are understood to be around 3m bbl, so the field could benefit from the tax<br />

break for marginal fields announced in the 2009 budget. Oilexco’s 65% stake is now held by<br />

Premier, which has agreed to sell it to Canadian independent Velo Energy. DECC has now<br />

given Velo, which is headed by the former head of Oilexco, permissi<strong>on</strong> to become a n<strong>on</strong><br />

operating partner in UK licences.<br />

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

Area Southern North Sea<br />

Operator Hansa<br />

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

Transport c<strong>on</strong>cept 12-35km pipeline to Waveney, Lancelot or Amethyst<br />

Start-up 2011/12<br />

Comments: Hansa has acquired Serica’s interest in the Thoresby gas field, formerly known as<br />

Chablis, al<strong>on</strong>g with the operatorship. Subsurface studies are under way – Gardline has<br />

acquired high-resoluti<strong>on</strong> 2D seismic data and this, al<strong>on</strong>g with exiting 3D data, is being<br />

reprocessed to provide better understanding of the extent of the gas accumulati<strong>on</strong>s. CSL is<br />

assisting with c<strong>on</strong>cept selecti<strong>on</strong>. <strong>Development</strong> will involve a subsea tieback, either to an entry<br />

point into Perenco’s Lancelot pipeline system or to BP’s Amethyst – the Waveney platform lies<br />

some 12 km to the east and Lancelot 18 km to the north-east, while Amethyst is about 35 km<br />

to the north-west. A development decisi<strong>on</strong> is expected this summer. There is a small chance<br />

start-up could be achieved in late 2011, but 2012 is more likely.<br />

www.intsok.com<br />

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