Ithaca Energy to develop UK North Sea Jacky field

Nov 10, 2008 01:00 AM

Ithaca Energy (UK) Ltd. expects to produce 7,500 bpd of oil from one well on Jacky field in the UK North Sea under its development plan, which the UK government has just approved.
The field, which is expected to come on stream in early 2009, will require a small wellhead platform and downhole pumping to assist the production well. The platform will be installed when the weather has improved. Pipelines are scheduled to be laid in December.

The company will work with partner North Sea Energy (UK) Ltd. on Jacky, which holds 5.2 mm bbl of proved and probable reserves, some 10 km northeast of Beatrice field in the Inner Moray Firth area of the UK continental shelf. Oil from Jacky will be processed at the company's nearby Beatrice oil facilities and exported via the Beatrice pipeline to the Nigg oil terminal, which Ithaca also leases, for storage and offloading to tankers.
"Ithaca intends to invest in enhancing production from Beatrice, and as part of this, the pipeline from Jacky to Beatrice will also be used to restore production from the Beatrice Bravo facility, which was shut in last year by Talisman," the company said.

Lawrie Payne, Ithaca chief executive, said Jacky would provide large cash flow and would help develop the Beatrice area and other projects.
Ithaca holds a 90 % share in Jacky, and North Sea Energy (UK) 10 %.

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