Algeria

The average entitlement production in Q2 2016 was recorded at 34,100 boepd (28,500 in Q2 2015). Entitlement volumes have been positively impacted by lifting schedules during the period, with production remaining on target for the year. The expansion project at the Ourhoud facilities for increased water handling has been commissioned allowing total throughput to be increased as planned.

 

Angola

Work continues in order to find a viable solution for the Chissonga project through a combination of potential cross-block development with stranded discoveries in nearby blocks; improved PSA terms, and capital cost reductions.

 

Brazil

The partners continue to evaluate the licences Wahoo and Itaipu.

 

Denmark

Operational performance was in line with expectations with entitlement production of 57,100 boepd (64,300). Performance in Q2 has been positively impacted by shutdown optimisation and strong performance of the new Tyra South East wells.

 

The development drilling campaign on Tyra South East is progressing ahead of plan and five development wells are now on-stream. Strong drilling performance on the last two wells has opened up an opportunity to complete the project under budget.

 

Kazakhstan

Average entitlement production in Q2 2016 was 6,400 boepd (6,300 in Q2 2015). A maintenance shutdown was completed successfully in Q4 in five days compared to the originally planned 14 days.

 

Production has started from a further tranche of new well tie-ins.  Work has commenced on further gathering pipelines to an accelerated timetable. Commissioning of the power station has commenced with turbines now using produced gas.

 

Kenya/Ethiopia

Acquisition of interests in licences in Kenya and Ethiopia was completed in Q1 2016. In Kenya the operator has announced an exploration and appraisal drilling programme with four firm wells and further contingent wells in the South Lokichar basin (starting Q4 2016). In Ethiopia, exploration prospects are being evaluated.

 

Kurdistan

Oil production from the Swara Tika field, in which Maersk Oil holds an 18% equity interest, is now around 7,700 boepd gross. The oil is currently being transported by truck to Fishkhabour, where it enters the main Kurdistan Regional Government export pipeline to the Turkish port of Ceyhan on the Black Sea. Development activities are recommencing with the drilling of the Swara Tika ST-4Z sidetrack in Q4 2017.

 

Norway

Overall progress on Johan Sverdrup Phase 1 execution remains on plan with approximately 17% complete at the end of Q2. Fabrication and construction activities continue for riser and drilling platforms, jackets, and riser topsides, and the onshore civil work for Phase 1 power from shore. The operator has confirmed feasibility of increasing Phase 1 oil process capacity from 380,000 to 440,000 boepd. Drilling of pre-drilled producers has started and continues with good progress.

 

Qatar

Entitlement production was 138,900 boepd (128,900 in Q2 2015), with the increase largely attributable to more cost recovery barrels due to the lower oil price.

 

Al Shaheen Licence Tender

In April 2015 Qatar Petroleum announced the plan for a competitive tender for the operatorship of the Al Shaheen field beyond July 2017. Maersk Oil was informed on 27 June that the new licence has been awarded to Total. Transition work is already underway with QP and Total governed by the transition agreement.

 

Development

The USD 1.5 billion Al Shaheen FDP 2012 development plan in Qatar is now complete.

 

UK

The Q2 2016 entitlement production was 85,400 boepd (77,000 in Q2 2015), ahead of expectations of 80,000 boepd, due to higher production efficiency from the production and maintenance excellence programme.

 

Maersk Drilling has acquired the Highlander rig with the associated contract for the Culzean development wells. In Q2 the wellhead platform jacket and the wellhead access deck were completed and installed.

 

The Flyndre work on the Clyde platform continues with circa 80,000 man hours to be completed on Clyde prior to project completion. First oil is targeted in Q4 2016.

 

Production from the Janice FPU ceased in Q2 this year.

 

US Gulf of Mexico

At the Jack field the Q2 2016 entitlement production was 8,600 boepd (5,900 boepd), ahead of the target due to good well performance, high facility up-time and no interruptions due to hurricanes.