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News // Companies

Maersk Oil celebrates latest milestone on way to Culzean 1st gas

21 July 2017 , 16:08Neftegaz.RU367

Maersk Oil said on July 21, 2017, that it had reached another key milestone ahead of 1st gas from its flagship North Sea Culzean field.

 

All 3 platform jackets for the £3.3billion project have now been put in place on time and on budget, the company said.

The installation of jackets for the central processing facility and the utilities and living quarters were completed yesterday.

 

Culzean lies about 145 miles east of Aberdeen and is expected to produce between 60,000 and 90,000 barrels of oil equivalent at plateau for at least 13 years.

The Maersk Highlander rig started drilling the 1st of 6 planned production wells on the high pressure/high temperature field in September.

 

Maersk Oil CEO Gretchen Watkins said the company was on track for 1st gas in 2019, but warned against complacency. «Culzean was sanctioned less than 2 years ago and already we’ve progressed the project over the halfway mark. We’re continuing to hit our milestones on time and this progress means we’re on track to deliver 1st gas in 2019.»

 

Maersk Oil operates Culzean and has a 49.9% interest in the project, while BP has a 32% stake and JX Nippon is on 18.01%.

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