Operated by Maersk Oil
52.4k BOEPD ALL 9 TYRA WELLS ON STREAM
The Danish Business Unit achieved average entitlement production of 52,400 boepd in Q1. For the Tyra South East project, we have completed all nine approved wells and they are now producing. The project was delivered on time and below approved budget, and the performance of the wells has significantly surpassed expectations.
Following the March agreement with the government of Denmark which facilitates investment in future oil and gas projects, the main Tyra Future Engineering, Procurement and Construction (EPC) tenders were issued to the market. Execution and assurance plans are being adjusted to support a Final Investment Decision (FID) by the end of the year.
7.8k BOEPD BEATING THE FORECAST
Average entitlement production in Q1 was 7,800 boepd (with operated 16,300 boepd), which exceeded forecast for the quarter. Accelerated well tie-ins and action to optimise production led to increased production potential and plant availability. Safety performance during Q1 was good, with no recordable incidents.
Bids were received for a new water injection plant and are now being evaluated, with the aim of improving the schedule.
109k BOEPD BAD WEATHER IMPACT
Average entitlement production in the first quarter was 109,400 bopd, while gross operated production ended up
at 254,200 bopd. The overrun of maintenance due to bad weather was compounded by some compression issues which caused unplanned losses. However, production in March recovered some of the losses from earlier in the quarter.
59.9k BOEPD 94% PRODUCTION EFFICIENCY
The average entitlement production in the first quarter of 2017 was 59,900 boepd, while the average gross operated production was 36,100 boepd. In Q1 operated production exceeded the forecast thanks to a strong operational performance, with a production efficiency of 94%.
The flagship Culzean megaproject remains on track and below budget. In Q1 drilling continued to make good progress and the project is on course to have three wells available when the project starts up in 2019.
Operated by others
34.8k BOEPD STAYING STEADY
Average entitlement production in Q1 was 34,800 boepd,
in line with expectations.
900 BOEPD Swara Tika STARTS PRODUCING
The Swara Tika ST-4 development well was brought on stream in January 2017. In March 2017, the total gross production from the Sarsang production-sharing contracts reached around 13,000 boepd. Average gross production for the year to date is 10,800 boepd, with a corresponding Maersk Oil entitlement production of 900 boepd.
JOHAN SVERDRUP ON TARGET
Overall progress on Johan Sverdrup Phase 1 is on target, with approximately 40% complete. Fabrication and construction activities continue for all major contracts.
The operator continues to act proactively to mitigate any risks to the ongoing construction and to timings.
The operator reported additional savings in capital expenditure for this period, the result of platform topside weights being stable and also helpful market conditions.
The Phase 2 concept was selected on 15 March, and work has begun on the front end engineering design.
US GULF OF MEXICO
9.4k BOEPD Good production performance
Average entitlement production in Q1 2017 was on par with expectations with 9,400 boepd.
Non-producing business units
CONSIDERING OUR OPTIONS
We continue to look for a viable solution for the Chissonga project.
Along with our partners, Maersk Oil are evaluating the Wahoo and Itaipu licences.
KENYA / ETHIOPIA
OIL DISCOVERY BODES WELL
At the end of 2016 a four-well drilling campaign (two exploration and two appraisal wells) was initiated in two blocks (10BB and 13T). The first exploration well of the campaign, Erut-1, discovered a gross oil interval of 55 meters, with 25 metres of net oil pay. The presence of oil raises hopes for further opportunities in the northern part of the basin. Then on 19 May the operators, Tullow Oil, announced that the second exploration well, Emekuya Prospect, has discovered around 75 metres of net oil pay in two zones.
The main oil reservoir appears to offer 60 metres of net pay and is on the same static pressure gradient as the Etom-2 well, indicating that Etom and Emekuya are part of one large oil-filled Greater Etom structure.