Offshore staff
EDINBURGH, Scotland -- Melrose Resources intends to exercise its right under the terms of the Galata field production concession to convert the field to a gas storage facility during 2009.
The company anticipates that gas storage capacity will be developed incrementally in three phases. Phase 1 will include reconfiguring the existing field compression, tying-back the suspended Galata East No. 2 well and installing additional metering facilities. This is expected to provide usable storage capacity of 0.7 bcm. Phases 2 and 3 will increase the capacity to 1.2 bcm and 1.7 bcm, respectively, the company says.
Melrose also expects first production from its Kaliakra gas field in mid-2009. The field will be integrated with the Galata field gas storage scheme, the company says.
Melrose has carried out detailed geologic and seismic modeling on the Kaliakra discovery and three undrilled prospects that lie on the same geologic trend. The company says that the discovery should contain the upside reserves potential of 47 bcm. In addition, the combined unrisked reserves estimate for the three undrilled prospects in the Kaliakra trend has been increased to 72 bcm with an average COS of 35%, according to the company.
Melrose has secured a Romanian jackup drilling rig to complete the Kaliakra discovery well for production and to drill an exploration well on one of the untested prospects on the trend. Melrose will also perform an extended flow test on the Kaliakra discovery well to improve the reserves definition and facilitate gas storage planning. Rig activity is expected to begin in October 2008.
07/07/2008
