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EnQuest Confirms First Oil from Scolty & Crathes Fields

Source: www.gulfoilandgas.com 11/21/2016, Location: Europe

First oil from the Scolty/Crathes development was achieved on 21 November 2016.

EnQuest CEO Amjad Bseisu said:

"EnQuest is pleased to confirm the delivery of first oil from Scolty/Crathes ahead of schedule and under budget, approximately a year after the Field Development Plan (FDP) was approved and the project was sanctioned. This was the only offshore pure oil FDP approval in the UK North Sea in 2015. Unit operating costs are expected to be under $15/bbl in the initial peak volume years and production is anticipated to continue until 2025.

We thank our partners MOL Energy for their support and co-operation. I congratulate the project team, our contractors and sub-contractors - in particular Petrofac, Technip, Stena Drilling and ADIL - for the timely delivery of this project, through an impressive collaborative effort. The realisation of the potential of these 'small pools' has been enabled by cost efficiency, technology application and solid delivery.

The Oil and Gas Authority was set up to enable Maximising Economic Recovery (MER) of oil and gas in the UK and Scolty/Crathes is an excellent example of MER being put into practice."

Andy Samuel, Chief Executive of the Oil and Gas Authority (OGA) said:

"The safe and successful first oil milestone from Scolty and Crathes is testament to EnQuest and MOL's efforts, working at pace and in excellent collaboration with the service sector to create efficiencies and value. This has unlocked the economic recovery of a small pools development and sustains the wider Greater Kittiwake Area and infrastructure. It embodies good asset stewardship which is crucial to achieving MER UK."

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