LONDON – Premier Oil plans to add a new production well next spring at the Solan field west of Shetland.
The main aims of the P3 well will be to boost output from the central northern part of the reservoir and to extend field life.
Premier’s contractor Baker Hughes, a GE company, has agreed to align payment with milestone dates, reducing Premier’s cash outlay prior to completion of the well.
Any excess gas that follows will be used to replace diesel as a fuel for power generation on the platform.
In the UK central North Sea, Premier expects to receive formal approval soon for developing the Catcher North and Laverda satellite oil fields.
Development drilling should get under way in mid-2020 with first oil targeted for early 2021.
Ahead of this campaign the company plans an infill well on the Varadero field, targeting resources beyond the reach of the initial production wells.
A 4D seismic survey across the Catcher Area, again scheduled for mid-2020, should help confirm additional future infill drilling locations.
In the southern gas basin, Perenco expects to drill two infill wells at Ravenspurn North (Premier 28.8%) later this year to boost future production from the field.
Development drilling on the Premier-operated Tolmount development wells will also start in mid-2020, with the company aiming for first gas by the end of 2020, initially at peak rates of 50,000 boe/d.
Data from the Greater Tolmount Area 3D seismic survey, which was completed in April, is undergoing processing to define additional prospects in the area, such as Tolmount Far East, Tolmount West, and Mongour.