Premier sells first oil from new Catcher field at premium to Brent crude

Premier Oil's Catcher FPSO
Premier Oil’s Catcher FPSO

Premier Oil – the Edinburgh-registered oil minnow – has sold its first cargo of 500,000 barrels of oil from its new Catcher field at a premium to Brent crude.

A second cargo, which is scheduled for the third week of February, has also been sold at a similar premium to Brent.

To date, four production wells – two from the Catcher field and two from the Varadero field – have been brought online. Initial rates from these four producers totalled in excess of 60 kbopd and, as planned, these wells are being deliberately constrained at an average of 20 kbopd whilst final commissioning of the gas processing modules on the FPSO is completed.

Tony Durrant, Chief Executive, said: “Performance of the BW Catcher FPSO has been excellent, with high operational uptime.

“Commissioning of the water injection system has been completed. Gas commissioning is progressing well with the gas import/export pipeline now fully open to the SEGAL pipeline and booster compression test runs successfully concluded.

“Once the gas systems, including gas export, are fully available, production will be brought on-stream from the Burgman field and full production from the Catcher Area is planned to increase to 60 kbopd. This remains on schedule for summer 2018.”

  • Aberdeen-based OEG Offshore – which provides cabins and cargo-carrying units for the offshore oil and gas market – has delivered several ROV (Remotely Operated Vehicles) module contracts worth £1.8 million for TechnipFMC, Saipem and other subsea contractors.
  • Oilfield engineering specialist Xodus Group has appointed Eric Houston as environmental impact assessment manager. Based in Edinburgh, Houston joins Xodus from Intertek where he was responsible for the delivery of EIAs and marine consents, primarily in the marine cables sector.

25 Jan 2018

 

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