Topsides work restricting output at Kraken floater in the North Sea

EnQuest has issued an update on its progress at the Kraken oil field development in the UK northern North Sea, which came onstream on June 23.

Offshore staff

LONDONEnQuest has issued an update on its progress at the Kraken oil field development in the UK northern North Sea, which came onstream on June 23.

Stabilized production rates from the six wells tested so far total around 30,000 b/d, which is roughly 60% of the 50,000 b/d plateau capability.

Performance of the injection wells has surpassed expectations, while the hydraulic submersible pumps, subsea production system, and turret have performed as expected.

Commissioning continues of the FPSO vessel topsides, and this has acted as a constraint on production. However, operational uptime should improve, with output reaching the forecast peak during 1H 2018.

The drill center 3 (DC3) wells are expected to be completed during 4Q 2017, three to four months ahead of schedule.

As a result, EnQuest expects to achieve a further $100 million of capex savings on the project, with lower market rates for the remaining subsea campaign another factor.

It now estimates full-cycle project capex at around $2.4 billion, 25% below the originally sanctioned price of $3.2 billion.

09/12/2017

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