Kistos joins west of Shetland GLA gas development

July 11, 2022

Kistos has completed acquisition of various interests west of Shetland from TotalEnergies.

The harsh water Glen Lyon newbuild FPSO is working for bp in West of Shetland on FEED and other related work. KBR designed the 21,000-ton topsides providing production capacity for 320,000 bbl/d of liquids and 220 MMscfd/d of gas and 380,000 bbl/d of produced water and seawater injection.

Offshore staff

LONDON —Kistos has completed acquisition of various interests west of Shetland from TotalEnergies.

These include a 20% stake in the Greater Laggan Area (GLA) producing gas fields and associated infrastructure as well as interests in other exploration licenses, including 25% of the 638-Bcf Benriach prospect in Block 206/4a.

The deal adds about 6,000 boe/d net to Kistos’ production and marks its entry into the UK Continental Shelf.

In the GLA, the producing fields are Laggan, Tormore, Edradour and Glenlivet, and the package includes 20% of the 2018 Glendronach gas discovery. A final investment decision on the development should follow later this year.

TotalEnergies plans a single production well tied into the GLA infrastructure.

Andrew Austin, executive chairman of Kistos, said progression of the Benriach/Glendronach projects “is expected to meet the investment criteria for the UK’s recently implemented Energy Profits Levy."

07.11.2022