Stay Connected

RWE signs up for Handcross well offshore west of Shetland

Offshore staff

HAMBURG, Germany – RWE Dea has agreed to farm in to two licenses west of Shetland in the UK offshore far north, and will participate in a well on the Handcross prospect.

The company will take a 20% equity stake from Valiant Causeway in part of blocks 204/14c, 204/18b, and 204/19c covered by licenses P1631 and P1832. Valiant will retain operatorship.

Handcross is a large Palaeocene channelized fan prospect in the Judd basin, defined by clear far offset amplitude and AVO responses. It could hold in-place volumes of 115 MMboe.

The location is close to the Suilven and Tornado discoveries and 20 km (12.4 mi) from BP’s Quad 204 redevelopment. The partners have secured a firm slot on the Stena Carron drillship to drill the well, probably this fall.

Following completion of the transaction, and assuming UK government approval, the Handcross partners will be Valiant (70%, operator), RWE Dea (20%), and Sussex Energy (10%).

4/1/2013

Related Articles

CEPSA agrees to Coastal Energy takeover

Nov 19, 2013

Spanish oil company CEPSA has agreed to acquire Coastal Energy via a share purchase.

Statoil fined for North Sea waste mix-up

Nov 19, 2013

Statoil has been handed a NOK-10 million ($1.64-million) fine for an incident on the Oseberg C platform in May 2011.

Trending News

Development of a subsea recommended safety practice

Oct 17, 2014

API RP 14C has long been the standard for "Analysis, Design, Installation, and Testing of Basic Surface Safety Systems for Offshore Production Platforms."

People

Oct 17, 2014

Reservoir conditions, flow regimes challenge measurement accuracy-full

Oct 17, 2014

Multi-phase meters play an increasingly important role – from royalty and fiscal allocation to production control, prevention of water encroachment, and the generation of real-time well data to help diagnose and optimize well performance. Yet, as multi-phase meters continue to increase their market penetration, more challenges arise.

Subsea power grid accelerating transfer of topsides functions to seafloor

Oct 17, 2014

Siemens is close to completing an initial test program on the four main components of a proposed subsea power distribution hub. The Subsea Power Grid will be connected on the seafloor to an array of new equipment emerging for subsea production, processing, and boosting. This should facilitate expansion of field development into deeper water, longer step-outs, and more demanding production environments.

Industry shows renewed interest in float-over installation-full

Oct 17, 2014

Float-over installation has become an attractive alternative to heavy-lift crane installation for offshore construction, as increasing size and weight of offshore platform topsides continually exceed the lifting capacity of cranes. Dockwise Ltd. analyzed topsides installation trends from 2005 to 2012, and found that the demand for cost-effective and more flexible alternatives to crane installations has been the driving force behind float-over installation using semisubmersible heavy transport vessels.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

View more Job Listings >>