Harbour assessing multi-well North Sea tieback project

March 22, 2022
Harbour Energy is working on plans for two new field developments in the UK North Sea and Asia-Pacific region.

Offshore staff

LONDON – Harbour Energy is working on plans for two new field developments in the UK North Sea and Asia-Pacific region.

The Talbot field is a probable multi-well tie back to the J-Area infrastructure in the central UK North Sea, while the Tuna field is offshore Indonesia.

Both were successfully appraised last year are now progressing towards a final investment decision. Harbour also has a 12.39% interest in the Zama Unit (Mexico) where the offshore Block 7 partners and Pemex are working on a field development plan ahead of a final investment decision targeted potentially in 2023.

This year Harbour expects to increase its global production this year to up to 210,000 boe/d, helped by a full year of contributions from the Premier Oil portfolio and start-up of the Tolmount gas field in the UK southern North Sea.

Further benefits should come from lower planned maintenance levels and new wells at the J-Area and Catcher Area in the UK central North Sea, and Chim Sao offshore Vietnam

At J-Area, Harbour recompleted the S-15 well, reinstated production from the previously shut in J-06 well and brought onstream the new Jade South well in January on a previously undrilled part of the Jade field.

This year, most of the company’s planned drilling and development projects will be within its approved budget of $800 million breakeven at an oil price below $35/bbl and gas price of 35p/therm.

Harbour plans 23 infill and development wells and various well intervention campaigns, and production/plant optimization programs that include compression and gas reinjection projects, designed to support future production and offset natural field declines.

3/22/2022