Provisional rig contract in place for North Sea Teal West tieback

Offshore staff

KUALA LUMPUR, Malaysia — Production from the Anasuria area in the UK central North Sea has fallen recently due to shut-in of the GUA-P5 well in May, due to a hydraulic supply issue to the subsurface safety valve.

Operator Anasuria Hibiscus UK will allocate $20.2 million for an upgrade and replacement of facilities on the Anasuria FPSO, to include work related to the 4-km subsea tieback of the Teal West Field.

Under the recently approved development plan, the company will drill an oil producer well followed by a water injector, about 12-18 months after first oil.

Drilling of the initial well should start in mid-2024, with a non-binding letter of intent in place for a drilling rig and some long lead items already on order. Installations related to the tieback should follow in third-quarter 2024, with total estimated capex for the project at $111.5 million.

08.23.2023