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

Iona negotiating farm-out of Orlando in North Sea

Aug 28, 2015

Iona Energy expects cost for the Orlando tieback to the Ninian Central platform in the UK northern North Sea during 2015-2016 to be reduced from $215 million to $192 million. 

NPD authorizes start-up of subsea compression at Gullfaks offshore Norway

Aug 27, 2015

Statoil and its partners have secured the consent of the Norwegian Petroleum Directorate to operate a new subsea wet gas compressor and umbilical on the Gullfaks field in the North Sea.

Total strikes deal for stakes in UK offshore gas trunklines

Aug 27, 2015 Total has agreed to sell its interests in the FUKA and SIRGE gas pipelines in the UK North Sea and the St. Fergus Gas Terminal north of Aberdeen to North Sea Midstream Partners for £585 million ($9...

Undeveloped UK fields deserve attention, report claims

Aug 27, 2015

Consultants Hannon Westwood (HW) have issued a new report on near-term developments affecting the UK continental shelf (UKCS).

CGG upgrades Norway offshore database

Aug 27, 2015

CGG says its Akon E&P data management solution is now operational for users.

Trending News

ION to conduct two 2D seismic surveys offshore East Africa

Sep 2, 2015

The Puntland Petroleum Minerals Agency has awarded ION Geophysical Corp. a contract to acquire 8,000 km (4,971 mi) of seismic data covering the entire Somalia Puntland offshore margin. 

Industry hit with further job cuts

Sep 2, 2015

ConocoPhillips, Aker Solutions, and ION Geophysical have each confirmed significant work force reductions in the midst of continued market downturn.  

Seismic survey navigates sensitive shallow-water UAE region

Sep 2, 2015

CGG, supported by its Seabed Geosolutions joint venture with Fugro, has completed a 3D seismic survey offshore/onshore Abu Dhabi.

Damen Twin Axe workboat destined for Middle East

Sep 2, 2015

Damen Shipyards has delivered a Damen Fast Crew Supplier 2610 workboat to Atlantic Maritime Group.

DCP compression platform in place at Malampaya

Sep 2, 2015

Installation has been completed of the 13,000-ton Malampaya depletion compression platform at Shell’s Malampaya field offshore the Philippines.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue
Click to view the Offshore Learning Center

Oil & Gas Jobs

Search More Job Listings >>