Clyde platform to host North Sea Flyndre, Cawdor development

Maersk Oil UK has approval from the UK and Norwegian authorities to develop the Flyndre and Cawdor fields as a subsea tieback to the Talisman Sinopec Energy UK-operated Clyde platform in the UK central North Sea.

May 28th, 2014

Offshore staff

COPENHAGEN, Denmark – Maersk Oil UK has approval from the UK and Norwegian authorities to develop the Flyndre and Cawdor fields as a subsea tieback to the Talisman Sinopec Energy UK-operated Clyde platform in the UK central North Sea.

The two fields are 293 km (182 mi) southeast of Aberdeen in UK blocks 30/13 and 30/14, while Flyndre also extends into Norwegian block 1/5 (hence the need for dual approvals).

Flyndre will be developed with a single production well, due onstream in 2016 with peak production of around 10,000 b/d of oil. Cawdor field will be developed initially with a single producer well, with two more wells to follow depending on field performance. It is expected to enter production in 2017 and peak at around 5,000 b/d.

Total recoverable resources are close to 30 MMboe for the initial phase with potential upside pending field performance.

Maersk Oil UK estimates its investments at around $502 million. The company’s partners in Flyndre are Talisman Sinopec Energy UK, Talisman Sinopec North Sea, Maersk Oil Norway, Statoil Petroleum, and Petoro.

Partners in the Cawdor field areTalisman Sinopec Energy UK, Talisman Sinopec North Sea, and Maersk Oil UK.

Flyndre was discovered in 1974 and Cawdor was discovered in 2008.

05/28/2014

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