Silverstone gets to work on Victoria

Silverstone Energy has UK government approval to develop the Victoria gas field in the southern North Sea.

Offshore staff

ABERDEEN, UK --Silverstone Energy has UK government approval to develop the Victoria gas field in the southern North Sea.

The company discovered Victoria last January, in block 49/17. It plans to produce the gas in phases, the first involving a re-entry of the discovery well and tie-back to ConocoPhillips' Viking BD platform via the Vixen infrastructure.

This scheme is due on stream in September, the gas being exported through the Viking transportation trunkline to the Theddlethorpe processing terminal on the Lincolnshire coast.

Victoria's facilities also will be configured to allow rapid development – subject to phase 1 performance – of additional fault blocks comprising the Victoria and Viking B extension.

The Phase 1 project should produce around 36 bcf (1 bcm). Silverstone operates with 50% equity in Victoria, the balance being held by BP and ConocoPhillips. The company expects to drill its fourth exploratory well in the V fields/Viking field area during the first half of this year, with three more exploration wells to follow.

01/08/2008

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