ConocoPhillips_HQ

US-based exploration and production company ConocoPhillips has commenced gas production from the Jasmine field in the UK’s central North Sea.

With a bridge-linked accommodation and utilities platform, the triple-jacket Jasmine development includes a 24-slot wellhead platform, a six-mile 16-inch multiphase pipeline bundle and a riser and processing platform bridge-linked to the existing Judy platform.

The high pressure, high temperature gas-condensate reservoir is located about six miles west of the Judy platform in blocks 30/6 and 30/07a of the central North Sea.

ConocoPhillips exploration and production executive vice president Matt Fox said the startup of Jasmine builds upon the recent startup of Ekofisk South in Norway and the Christina Lake Phase E oil sands project in Canada.

"Jasmine is one of several major growth projects that will contribute to ConocoPhillips’ three to five percent production growth rate through 2017," Fox added.

Said to be one of the UK’s largest discoveries in the last ten years, Jasmine was discovered in 2006 by ConocoPhillips as operator (36.5%), together with its co-venturers Eni (33%) and BG Group (30.5%).

The field has gross capacity to produce 140,000 barrels of oil equivalent per day (boed) and the company expects net production to be about 40,000boed in 2014.

ConocoPhillips has operations and activities in 29 countries and $55bn in annualised revenue, with $120bn worth of total assets.

Production from continuing operations averaged 1,511mboed for the nine months ended 30 September 2013. As of 31 December 2012, proven reserves stood at 8.6 billion boe.


Image: ConocoPhillips HQ in Houston, Texas. Photo courtesy of ConocoPhillips Company.

Energy