Post by kirmingtonuser on Aug 21, 2018 14:09:54 GMT
The recent rises in the prices of oil and gas may be starting to have an effect on North Sea exploration and production activity.
Premier Oil yesterday announced the proposed development of the Tolmount gasfield in block 42/28d of the southern North Sea basin.
It is estimated that it contains 500 billion cubic feet of gas, which will enable sustained production of 58,000 barrels per day of oil equivalent. Production is planned to commence in Winter 2020 and expected to continue for between 10 and 20 years.
The location is about 30 miles from the shore, opposite Bridlington. It on the same latitude as Cleeton and Ravenspurn, which are further East.
The location would seem to be ideal for access by helicopter from HUY and will hopefully compensate for any loss of traffic to Cavendish (block 43/19b), which has recently ceased production.
Premier Oil yesterday announced the proposed development of the Tolmount gasfield in block 42/28d of the southern North Sea basin.
It is estimated that it contains 500 billion cubic feet of gas, which will enable sustained production of 58,000 barrels per day of oil equivalent. Production is planned to commence in Winter 2020 and expected to continue for between 10 and 20 years.
The location is about 30 miles from the shore, opposite Bridlington. It on the same latitude as Cleeton and Ravenspurn, which are further East.
The location would seem to be ideal for access by helicopter from HUY and will hopefully compensate for any loss of traffic to Cavendish (block 43/19b), which has recently ceased production.
