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Update on UKCS Field Development Projects - Intsok

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<strong>Field</strong> Barbara/Phyllis<br />

Area Central North Sea<br />

Operator Dana<br />

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

Transport c<strong>on</strong>cept 40km pipeline to Everest?<br />

Start-up Q4 2012<br />

Comments: A host has been selected and commercial terms agreed for the subsea tieback of<br />

the Barbara and Phyllis gas/c<strong>on</strong>densate fields, Dana reports. Producti<strong>on</strong> will be exported by a<br />

40km, 12in pipeline – which suggests the host will be BG’s Everest platform to the north. Startup<br />

has slipped a little further to late 2012. The next step will be a detailed FEED study, leading<br />

to project sancti<strong>on</strong> in Q4. While Phyllis is wholly owned by Shell and Exx<strong>on</strong>Mobil, Barbara lies<br />

<strong>on</strong> three different licences and a unitisati<strong>on</strong> agreement has been reached. Combined reserves<br />

are 230 bcf.<br />

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

Area Northern North Sea<br />

Operator Xcite<br />

<strong>Development</strong> c<strong>on</strong>cept Producti<strong>on</strong> facility + storage<br />

Transport c<strong>on</strong>cept Offshore loading<br />

Start-up EPS 2011/12<br />

Comments: Xcite is planning a phased development of the Bentley heavy-oil field in block<br />

9/3b. The next step is an appraisal well, 9/3b-R, to be drilled and tested this year – if<br />

successful, first oil could possibly come as early as 2011, the company says. By April it<br />

expects to sign a c<strong>on</strong>tract with ADTI for a jackup rig to drill the well. Challenger Minerals will<br />

farm into the field, taking a 4% stake and c<strong>on</strong>tributing $4m to the well costs. The financial<br />

burden will be eased to a degree by tax advantages offered in the 2009 budget. In Dec Fugro<br />

drilled a geotechnical test well which showed that a jackup can be used to drill the appraisal<br />

well, which at 110m water depth is at the limit for jackups. The same bore will be used for the<br />

appraisal well, which will also be drilled by Fugro. The c<strong>on</strong>tractor was the first member of the<br />

Bentley alliance, which Xcite envisages as a group of suppliers willing to take some risk in the<br />

development in return for appropriate reward. ADTI, which, like Challenger, is owned by<br />

Transocean, is also a member. Amec will help to plan the producti<strong>on</strong> test and provide<br />

development services. BP will provide services for the offtake and sale of the crude, and assist<br />

with securing $20m of financing for the development. Full field development will call for 50 plus<br />

wells and a fixed platform, but for the EPS an FPSO is <strong>on</strong>e of the opti<strong>on</strong>s. In all phases oil will<br />

be exported by shuttle tanker, so storage in some form will be required. Base-case reserves<br />

are estimated by RPS at 122m bbl.<br />

www.intsok.com<br />

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