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Hansa takes stake in Juliet

Offshore staff

LONDON -- Hansa Hydrocarbons has farmed into a license in the UK southern North Sea containing the planned Juliet field development.

The company has acquired 19% of the stake held by First Oil Expro. In exchange, it will contribute to First Oil’s share of the development costs on a promoted basis. GDF Suez is the project operator.

Juliet is in block 47/14b, 40 km (24.8 mi) east of the Humberside estuary in 59 m (193 ft) water depth. It is 9 km (5.6 mi) south of the BP-operated Amethyst gas field. Like other fields in the area, its reservoir sands come from Rotliegend Leman sandstone.

Development will involve two subsea horizontal wells which will be tied back to the Amethyst A2D platform. Juliet’s gas will head through existing infrastructure to the terminal onshore at Easington, before being routed to BP’s Dimlington terminal, which will provide production and well control services.

Assuming imminent UK government sanction for the project, first gas could be achieved in late 2011.

Hansa CEO John Martin said: “This project fits well with our strategy in commercializing smaller gas fields…Juliet has many similarities to our Thoresby field located some 30 km [18.6 mi] to the southeast, and this gives us an important opportunity to share learnings to the benefit of both projects.”

10/04/2010

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