Huntington Field Production Increase Approved for Noreco

Published at 09:00AM - 09/02/15

Noreco, the Norwegian Energy Company, has been given approval to raise its production levels at the UKCS Huntington field. January’s production levels were stable but faced restrictions to around 1,500 barrels of oil per day net.

The company has confirmed that the use of its CATS riser platform will not re-start until early March, but a boost to production to c. 1,900 barrels of oil per day has been allowed for February.

According to business results produced by the company, stable performance figures were generated in January for the Oselvar oilfield and the Cecilie and Nini Siri Fairway oilfields.

By the end of January, the latter two fields were closed for scheduled service and maintenance work, but both have now been returned to full operational status. Lulita’s production saw instabilities during the month because of issues around water handling, along with downtime due to planned servicing and maintenance at the Harald and Tyra oilfields.

In the first quarter of this year, the Enoch field is also anticipated to restart production. The company told analysts that it generated 4,353 boe daily in January, at a net price realised of $42.6 per barrel of oil, after accounting adjustments for the price of gas, stocks and NGL.

E.ON operates the Huntingdon field and has a 25pc ownership stake. A further 40pc is owned by Premier Oil, along with Iona Energy at 15pc and Noreco at 20pc.