Gulf Oil and Gas accountACCOUNT

Tommeliten Alpha Project Passes Important Decision Gate Towards Production in 2024

Source: www.gulfoilandgas.com 6/11/2019, Location: Europe

PGNiG Upstream Norway and its partners decided to move to Select Phase of the project during which key technical decisions regarding the field development will be made. This will lead to a final selection of the development concept scheduled for Q3 2020.

The Tommeliten Alpha License Partnership approved to end the Assess Phase of the project as technically and economically viable concepts for development of Tommeliten Alpha had been identified. This marks a crossing of the Decision Gate 1 into Select Phase.

“The conclusions of the Assess Phase are in line with our expectations and confirm the validity of our decision to purchase shares in the Tommeliten Alpha. The field is economically attractive and will significantly increase our gas production in Norway," said Piotr Wozniak, President of the Management Board of PGNiG SA. “The preparatory works for the development of Tommeliten Alpha are on schedule and we assume the start of the production in 2024”.

The Select Phase is scheduled to last until Q3 2020. During this phase several key decisions will have to be made regarding, among others, number and type of wells, Xmas trees, host and tie-in point selection as well as technical specification of subsea pipeline. These decision will lead to a final selection of concept that will have an impact on cost, operational expenditures, risk of deferral, execution schedule and eventually first gas.

According to PGNiG estimates, the Tommeliten Alpha will allow to increase company’s gas production output from Norwegian portfolio by 0.5 bcm/year in the first six years of the production. In addition Tommeliten Alpha will allow PGNiG to extract approx. 0.5 million tonnes of oil and NGL in the peak production year.

Tommeliten Alpha is a gas and condensate field with documented recoverable resources amounting to 12.8 bcm of natural gas, 5.9 mcm of oil (approx. 5 million tonnes) and 0.5 million tonnes of NGL (according to the Norwegian Petroleum Directorate), equivalent to approx. 52 mmboe (net to working interest owned by PGNiG).

PGNiG Upstream Norway AS purchased over 42% shares in the Tommeliten Alpha field from Equinor in December 2018. The operator is ConocoPhillips (28.3%) and other partners are Total (20.2%) and Var Energi (9.1%).

Production News in Norway >>

Mexico >>  11/14/2019 - Premier provides a Trading and Operations Update for the 10 months to 31 October...
Egypt >>  11/12/2019 - SDX Energy Plc (SDX) is pleased to announce the commencement of production from its operated South Disouq concession (SDX: 55% working interest) in Eg...

Russia >>  11/12/2019 - Exillon Energy plc ("Exillon Energy", the "Company" or the "Group") (EXI.LN), a London Premium listed oil producer with assets in two oil-rich regions...
Iraq >>  11/11/2019 - For the nine months of 2019 LUKOIL Group's average hydrocarbon production excluding the West Qurna-2 project amounted to 2,337 thousand boe per day, w...

Libya >>  11/8/2019 - Within the framework of the National Oil Corporation (NOC)'s plan to increase production rates and to implement the targeted programme of work within ...
Libya >>  11/6/2019 - As part of the National Oil Corporation (NOC)’s plan to increase crude oil and natural gas production capacity and rates, Mellitah Oil and Gas Company...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Norway Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.