The positive impact of the Project Maturation Process (PMP) is beginning to show as Maersk Oil’s large development projects are moving through stage gates as planned and prioritisation is sharpened. Since the beginning of 2013, 12 of the largest projects in the portfolio have progressed through stage gates. Johan Sverdrup in Norway and Culzean in the UK have progressed through stage gates in the last year. “We are getting better at planning and prioritisation, which will improve project predictability,” says Glenn Brown, Head of Corporate Subsurface and the team responsible for the PMP. The third quarter also saw progress with major field devleopment plans submitted to the authorities for Chissonga in Angola and Flyndre and Cawdor, which bridge the UK and Norwegian sectors of the North Sea. Maersk Oil Kazakhstan has passed a major project milestone in Q3 with the completion of the 50th well in the Dunga Field Development Program. Since the first appraisal well spudded in February 2012, Maersk Oil Kazakhstan Drilling & Well Services has come a long way. Working closely with the local rig contractor, Astra Star, has been critical in establishing operational efficiencies. As a result the time taken to drill wells came down from 91 days in the appraisal phase to an average of 27 days by the end of 2012. By Q4 2013 this had been brought down even further, to 14 days including rig moves. The Dunga Phase II consists of 198 wells and the last well is expected to be finalised in 2015. By mid-December 2013 the number of wells drilled had reached 57 wells and was on track to meet expectations for the year.
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