Algeria

In Q2 2014 Maersk Oil had an average entitlement production in Algeria of 36,000 boepd (27,000 boepd in Q2 2013). The El Merk fields being on-stream more than compensated for the natural decline in production from the more mature oil fields.

 

Angola

In Angola, approval of the development plan for the Chissonga deepwater project is expected later in the year. Bids for the two major construction contracts, the FPSO and the Tension Leg Wellhead Platform, were received in Q2 and are currently being evaluated.

 

Brazil

Following the disappointing exploration and appraisal results, Maersk Oil has revised its strategy and will no longer pursue growth, or operatorship, for its business in Brazil and has divested its ownership share in the small producing Polvo field to the operator, subject to regulatory approvals.

Denmark

In Denmark, entitlement production in Q2 was 57,000 boepd (69,000 boepd in Q2 2013). The production was negatively affected by a major planned maintenance shutdown of all fields for 12 days in June. The Tyra South East development project is on track with installation ongoing at the end of Q2 and production start-up planned for 2015.

 

Kazakhstan

In Kazakhstan, drilling and ramping up of production from the Dunga field continues. 125 out of 198 wells in the Dunga Phase 2 project have been completed with a gradual production ramp up planned over the next four years.

 

Kurdistan

In Iraq, Kurdistan, the Swara Tika discovery was declared commercial. An initial plan for development of the field is expected in 2014. In the light of the current security situation in Iraq, Maersk Oil continues to monitor events closely through contact with operators, government and security advisers in the region.

 

Norway

The Johan Sverdrup engineering and design studies for Phase 1 are progressing according to schedule, with submission of the development plan expected mid-2015.

 

Qatar

Entitlement production was 92,000 boepd in Q2 (102,000 boepd in Q2 2013). Total field production in Q2 was 285,000 boepd (300,000 boepd in Q2 2013). The entitlement production was lower due to planned maintenance shutdowns. The FDP2012 project is progressing as per plan. Four wells have been completed during the second quarter leading to a total of 10 completed wells out of 51 planned for the project.

 

UK

Entitlement production in Q2 was 43,000 boepd (21,000 boepd in Q2 2013), positively impacted by the return of the Gryphon FPSO during 2013 and improved operational performance of the GPIII FPSO and the Janice Field.

The Golden Eagle development project is progressing towards first oil by the end of 2014. The development concept for the high pressure high temperature (HPHT) Culzean project was selected in Q1 this year and subsequently approved by all partners. A five year drilling contract for a newbuild jack-up rig was signed in May. The submission of the Culzean development plan is expected mid-2015. The Flyndre Cawdor development project was approved by the UK and Norwegian authorities in May and is progressing towards first production in 2017.

 

The Blackjack exploration well was completed and is currently under evaluation. The Marconi exploration well is still being drilled, with results expected later in the year.

 

US Gulf of Mexico

The Jack deep-water development project in continues on track towards production start-up by the end of 2014. Appraisal drilling continues at the Buckskin discovery, with results expected later in the year. A Buckskin

4 well is planned to spud later in 2014.

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