LONDON — Harbour Energy is forecasting production this year in the range 185,000 to 200,000 boe/d, with new wells coming onstream partly offsetting natural decline.
However, opex costs will be higher at about $16/boe, the company said in its latest results review, due in part to inflationary pressures. And it has reduced its planned UK offshore investments following the further increase to the Energy Profits Levy to 75% announced by the government last November.
In response, Harbour has delayed or is no longer progressing certain opportunities and has rephased certain decommissioning activities.
Around the end of last year, the company bought online two J-Area infill wells in the central UK North Sea, one of which has performed below expectations. It plans a near-field exploration well later this year, targeting the Jocelyn South prospect.
Harbour’s non-operated interests include the Clair Field west of Shetland, where operator bp plans new platform drilling shortly at the Clair Phase 1 facilities.
At Beryl, operated by APA Corp. in the central North Sea, the delayed Buckland South West well should come onstream this spring, and further drilling is scheduled at Beryl in 2023, although less than previously expected following APA’s decision to terminate its drilling contract for the semisub Ocean Patriot.
Following approval last year for the Talbot oil development, a multi-well subsea tieback to the Judy platform, drilling should begin in the next few months with production set to start around year-end 2024.
Harbour also sanctioned appraisal of the Leverett gas discovery, close to the Greater Britannia Area, and the well should spud during the second quarter.