Stratic Energy Commences production from East Ayazli gas field and exploration drilling update

Source: www.gulfoilandgas.com 9/21/2007, Location: Europe

Stratic Energy Corporation announced that gas production commenced on September 19, 2007 from the East Ayazli field as part of the first phase of its offshore Turkey development (Stratic 12.25%). East Ayazli is the second field to commence production within the South Akcakoca Sub Basin (“SASB”) development, following start-up of the Akkaya field on May 23, 2007. With these two fields onstream, production, once stabilised, is expected to be around 35 mmscf per day (gross). Production start-up from East Ayazli had been delayed because of the need to repair a gas pipeline.

The first phase of the development of these Black Sea discoveries is expected to be completed by midOctober 2007, with the start-up of production from the third field, Ayazli. The deck for the Ayazli platformhas been completed and towed onto location in the SASB project area for installation. The lift barge is onlocation and preparations are underway for lifting the deck onto the tripod. Two pre-drilled wells in theAyazli field have been completed and are ready for tie-back operations once the deck is installed. Production can start as soon as commissioning activities are complete. Once Ayazli is onstream, the project is expected to achieve gross production in excess of 50 mmscf per day.

Work on Phase 2 of the project, to develop the deeper-water Akcakoca discoveries, is proceeding. Stratic and its partners have approved a development concept for Phase 2 which will include construction andinstallation of a separate offshore facility located over the Akcakoca field. The development concept is nowbeing refined through a front-end engineering and design phase. A formal investment decision is expected to be made around the end of this year.

Exploration activity in the area is expected to re-commence shortly with the drilling of the Bati Eskikaleprospect to the west of the existing Akcakoca discovery. The Bati Eskikale-1 well will be drilled by theAtwood Southern Cross semi-submersible rig and is expected to spud around September 25, 2007. Stratic’sinterest in the well is 12.25%. The prospect lies along the same fault trend as the Akcakoca discovery,approximately 5.5 kilometers to the west northwest of the Akcakoca-3 well. The well is targeting the samestacked pay sands in the Eocene-age Kusuri formation that has proven to contain gas in the project area.


Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


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