UK-based oil and gas company Zennor Petroleum has reported having reached two “significant commercial and operational milestones” in its development of the Finlaggan field.
The Finlaggan field is in blocks 21/05c and 21/05d in the P2013 licence, located in the UK Central North Sea. Zennor is the operator of the field through its subsidiary Zennor Pathway, with 100% ownership of the P2013 licence.
Zennor’s development project for the field is targeting 30 million barrels of oil equivalent (Mboe) of gas condensate reserves from two subsea production wells tied back to the ConocoPhillips-operated Britannia platform, located 17km north-east of the Finlaggan field.
The company reported that the F1 and F2 production wells have been successfully drilled and cased to their target depths, using the Transocean Paul B Loyd Junior semi-submersible drilling rig.
The F1 production well demonstrated high quality hydrocarbon bearing sands, while the F2 well proved sand continuity in the Finlaggan field. Both wells also showed “long and highly productive lateral sections” through the Lower Cretaceous reservoirs. Completion of the wells and clean-up operations are underway, with Zennor expecting to finish during the first quarter (Q1) of 2019.
Announcing its findings, the company said: “Zennor is delighted with the results achieved and the positive implications for reserves and productivity.”
Zennor also executed all major offtake agreements for the Finlaggan field on 28 March 2019, in line with previously agreed commercial terms. The agreements provide for the export of gas produced at Finlaggan through the Forties and SEGAL pipeline systems, the SAGE terminal and facilities at the Britannia platform.
Zennor managing director Martin Rowe said: “The team have worked exceptionally hard over recent months and I am delighted to see those efforts come to fruition in achieving significant commercial and operational milestones.
“All aspects of the Finlaggan development project are firmly on track to deliver first production in Q4 2020 as planned and we greatly appreciate the support we continue to receive from our key contractors, partners, banking syndicate, the OGA and our shareholders.”