Total acquires GDF Suez interest in Elgin/Franklin

Offshore staff

PARIS – Total reports it has purchased GDF Suez’s share of the Elgin and Franklin fields in the British sector of the North Sea. This effectively increases Total’s share in the two fields from 35.8% to 46.2%.

Earlier this year, Eni was set to acquire the GDF Suez interest in the Elgin Franklin Oil & Gas operation.

If the effective date of the transfer is before the end of this year, as expected, ownership of Elgin/Franklin will be Elgin Franklin Oil & Gas (100% Total) at 46.2%, Eni at 21.8%, BG at 14.1%, E.ON Ruhrgas with 5.2%, Esso Exploration & Production holding 4.4%, Chevron at 3.9%, Dyas with 2.2%, and the remaining 2.2% with Summit Petroleum.

Production from the combined fields currently averages 140,000 boe/d.

“These are high-pressure/high-temperature fields whose exploitation requires strong technological expertise,” said Patrice de Vivies, senior VP for Northern Europe. “They still offer important development potential; for example, the second phase of West Franklin was launched in 2010 and two new platforms are being built at the moment, with start-up planned in 2013 with a production capacity of 40,000 boe/d.”

12/06/2011

Related Articles

Alphastrut completes seven-figure North Sea contract

Dec 16, 2014

Aluminium support systems supplier Alphastrut has completed a seven-figure contract with BP which Alphastrut says has saved BP around 54 metric tons (60 tons) in weight.

Peak commissions new test facilities

Dec 16, 2014

Peak Well Systems has commissioned new ISO test facilities. one in Perth, Western Australia, and one in Aberdeen, Scotland, as part of its R&D.

Statoil sanctions Rutil-Gullfaks tieback offshore Norway

Dec 16, 2014

Statoil and partners Petoro and OMV have committed to develop the Rutil gas/condensate discovery in the Gullfaks Rimfaks valley in the North Sea.

Chevron commissions Captain Phase 4 subsea engineering

Dec 16, 2014

Chevron has contracted Wood Group Kenny Caledonia Ltd. for subsea engineering on its fourth-phase Captain oil field development in the UK central North Sea.

NPD authorizes three wells offshore Norway

Dec 16, 2014

Maersk Oil has permission from the Norwegian Petroleum Directorate (NPD) for exploration drilling in license PL 510 in the Norwegian Sea.

Trending News

KrisEnergy gears up to spud Rayrai exploratory well in Gulf of Thailand

Apr 24, 2015

KrisEnergy has announced that the Key Gibraltar jackup has commenced drilling of the Rayrai-1 exploratory well in block G10/48 in the Gulf of Thailand.

CNOOC provides update on offshore assets

Apr 24, 2015

CNOOC Ltd. has announced that total net production in 1Q 2015 increased 9.4% year-over-year to 118.3 MMboe.

Cameron unveils Letourneau Jaguar class self-elevating drilling unit

Apr 24, 2015

Cameron has introduced a new drilling unit to the market, the Letourneau Jaguar class self-elevating mobile offshore drilling unit.

Test lab to simulate deepwater reeled installation techniques

Apr 24, 2015

Element Materials Technology is preparing a joint industry project to test subsea pipeline installation techniques.

Caley, Hampidjan form fiber rope venture

Apr 24, 2015

Offshore handling system specialist Caley Ocean Systems has teamed up with Icelandic rope manufacturer Hampidjan to offer “steel-like” fiber ropes to the offshore sector. 

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

Search More Job Listings >>