RockRose to participate in three new North Sea projects

RockRose Energy expects to participate in seven wells this year in the North Sea.

The Brae Complex lies about 220 km northeast of Aberdeen in a water depth of approximately 110 m in the UK central North Sea.
The Brae Complex lies about 220 km northeast of Aberdeen in a water depth of approximately 110 m in the UK central North Sea.
(Courtesy RockRose Energy)

Offshore staff

LONDONRockRose Energy expects to participate in seven wells this year in the North Sea.

Planned activity includes:

Two operated infill wells at West Brae in the UK central North Sea, targeting more than 3 MMbbl of net 2P reserves and scheduled to come onstream in 1Q and 2Q 2020. Drilling is under way.

Four development wells on the Shell-operated Arran gas/condensate field in the same sector. The program, due to start in the current quarter, will add over 6,000 boe/d of net production to RockRose when the Arran-Shearwater tieback comes onstream in 2021.

An infill well for the Blake field life extension project, where the partners hope to prolong production by five years to 2029.

The company and Repsol Sinopec aim to submit a field development plan in mid-year for the nearby Tain field, estimated to contain mid-case recoverable resources of 11.5 MMbbl. First oil is expected to follow in the second half of 2022.

In the Dutch North Sea, following two successful appraisal wells in 2019, the A&B Blocks partners have committed to the B10 and A15 gas field developments and will pursue sanction in mid-2020 and first gas in 2022. Elsewhere in the AB unit, drilling could begin before year-end on the UDS3 project, comprising two new wells and a side track.

RockRose anticipates full-year production from its various interests of around 21,000 boe/d, 9% up on 2019, despite Ineos’ planned shutdown of the Forties Pipeline System in the UK central North Sea for three weeks from mid-June onwards.

The company has budgeted associated capex of ~$200 million in 2020.

01/07/2020

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