Nexen hits pay on Hobby in UK North Sea

Nexen has made a discovery with the Hobby well on block 20/1N in the North Sea, approximately 1.5 km (0.9 mi) west of the Golden Eagle discovery.

Offshore staff

CALGARY, Canada -- Nexen has made a discovery with the Hobby well on block 20/1N in the North Sea, approximately 1.5 km (0.9 mi) west of the Golden Eagle discovery. The well encountered a significant column of high-quality net pay which is at the high end of the company's pre-drill expectations. Nexen plans to drill multiple sidetracks to determine the extent of the Hobby and Golden Eagle discoveries and is assessing future appraisal and development alternatives for the area.

Also in the North Sea, the company plans to continue construction of the fourth Buzzard platform containing production sweetening facilities designed to handle higher levels of hydrogen sulphide. During the third quarter, Nexen will install the jackets for the platform and complete tie-in operations, pending installation of the topsides. This will result in about one month of downtime, which coincides with a six-week planned slowdown of the Forties pipeline, the company says.

Nexen's Ettrick development in the North Sea is progressing towards first oil in the next few months, the company says. Ettrick is expected to add approximately 10,000 boe/d to the company's 2009 production volumes. Nexen plans to drill an appraisal well on the Blackbird prospect, which could be a future tie-back to Ettrick, the company reports.

02/12/2009

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