Maersk Oil UK has been given approval from the UK and Norwegian authorities to develop the Flyndre and Cawdor fields.
The fields lie about 293 km south east of Aberdeen in UK North Sea Blocks 30/13 and 30/14 (Flyndre and Cawdor) and Norwegian North Sea Block 1/5 (Flyndre only).
The Flyndre field was discovered in 1974, and straddles the UK/Norway median line. Cawdor was discovered in 2008. The fields will be co-developed as a subsea tie-back to the Talisman Sinopec Energy UK-operated Clyde platform (pictured).
Flyndre will be developed with a single production well. Cawdor will initially be developed with a single production well, but will have the potential for a two further wells, based on field performance. Maersk Oil UK is operator and holds 59.966% interest in Flyndre and 60.6% interest in Cawdor.
Flyndre is expected to peak at around 10,000 bbl/d with first oil expected in 2016. Cawdor is expected to peak at around 5000 bbl/d with production starting in 2017. Total recoverable resources are expected to be about 30MMboe for the initial development phase, with further upside depending on performance and further development phases. Maersk Oil UK’s investment in the field developments is expected to be approximately £300 million.
“Approval of this plan supports our long-term strategy for growth and our aim to double production in the UK North Sea by 2020. Together with approval of the Balloch field development in 2013, Flyndre/Cawdor underscores our momentum in progressing the development opportunities from our strong North Sea portfolio,” says Martin Rune Pedersen, Managing Director of Maersk Oil in the UK.
Partners in the Flyndre field development are Talisman Sinopec Energy UK (20.678%), Talisman Sinopec North Sea (3.856%), Maersk Oil Norway (13.694%), Statoil Petroleum (1.031%) and Petoro (0.775%). All Flyndre field equities are subject to a final equity determination process, presently ongoing under the UK/Norway Framework Agreement. Partners in the Cawdor field are Talisman Sinopec Energy UK (35.17%), Talisman Sinopec North Sea (4.23%) and Maersk Oil UK (60.6%).
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