Conoco get green light for Banff

Feb 19, 1997 01:00 AM

Conoco (UK), has received approval from the Department of Trade and Industry to develop further the Banff oil field following the successful completion of a six-month production assessment. The assessment, which began September 1996, maintained a daily production rate of about 35,000 barrels of oil. Discovered in 1991, the Banff field is Conoco's second development in the UK North Sea using a floating production system. The field's recoverable reserves, as appraised to date, are approximately 60 mmb of oil and some 39 bncf of associated gas. Additional potential exists in other areas of the field which could result in further development. It lies 200 kilometres east of Aberdeen, predominantly in Conoco-operated block 29/2a, and extends into neighboring block 22/27a operated by Ranger.
Banff will be developed by a new FPSO owned and operated by Petroleum Geo-Services UK (PGS). Oil export will be by double-hulled shuttle tanker and it is expected soon to conclude an agreement to export associated gas by an eight kilometre flowline to a tie-in on the Central Area Transmission System (CATS).
The production system, infield flowlines and gas export pipeline will be supplied by PGS under a production services contract with Conoco and its co- venturers. PGS will own the facilities with production operations sub- contracted to Atlantic Power. Conoco, as operator, will retain management of the reservoir and drilling program. Production from Banff initially will be through the two development wells drilled for the early production system. Two new water injection wells will be drilled before first oil which is scheduled for June 1998.

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