Bressay oil field north sea
From: Tony P.
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The secondary exploration target was to prove oil in the Statfjord Group in the Lower Jurassic. In the primary exploration target, the well encountered the Brent Group with a thickness of about metres, of which 90 metres of effective reservoir rocks with moderate reservoir quality. The thickness of the Cook Formation is about 70 metres, of which 50 metres of effective reservoir rocks with poor to moderate reservoir quality. Both primary targets are aquiferous. The secondary exploration target, in the Statfjord group, has a thickness of about metres, of which 60 metres of aquiferous reservoir rocks with poor reservoir quality. Preliminary estimates indicate that the size of the discovery is between 0.
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The chancellor told the Treasury select committee that officials would contact Norwegian oil company Statoil, which has suspended development work on the new Mariner and Bressay fields to the south-east of Shetland while it studies the implications of the chancellor's tax on the profitability of its operations. It called for immediate talks with the Treasury and an urgent meeting of Pilot, the government-sponsored oil and gas industry forum. But Osborne defended the windfall tax to the MPs as "perfectly reasonable" and insisted that Statoil had not yet cancelled any proposed investments. The chancellor, who came under fire from Labour MP John Mann for not knowing the exact amount of duty levied on a litre of petrol, insisted investment would increase despite the tax because of the surge in oil price.
‘I wish EnQuest well’ says Xcite boss on ‘challenging’ Bentley discovery
The acquisition has increased production and cash flow through the addition of significant low-cost 2P reserves. Magnus also has significant potential, with 2C resources of c. First oil was delivered in June , with the field development plan completed around the end of the first quarter of More than 40 million barrels of oil equivalent have been produced since first oil to end of and the Group is now embarking on the next stage of the field's development, with a producer and injector pair having been drilled into the western area during Assessment of further near-field, short-cycle drilling opportunities is ongoing.
EnQuest signs sale and purchase agreement for equity interest in the Bressay Oil Field. L and ENQ. ST , is pleased to announce it has signed a sale and purchase agreement 'SPA' with Equinor to purchase a Completion of the transaction is subject to the satisfaction of a number of conditions precedent.
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