North Sea Enoch To Start Oil Production By End Of 2015

Published at 09:14AM - 13/11/15

The offshore Enoch Oil field is expected to be back on-stream by the end of the year according to one of the fields partners- Norwegian based Noreco.

The Stavanger firm made the announcement during the release of its third quarter financial results Thursday (12th Nov). 

The oil field, straddling both UK and Norwegian waters, had suffered a leak from a subsea Christmas tree back in 2012, causing its wells to be shut-in and the field closed.  However, work to repair this had been completed as far back as 2013.

The financial results showed that the production company had spend a further NOK 17million (US$2 million) on the Enoch field during the third quarter of 2015.

Brae Alpha

According to the Noreco, the Enoch’s production is now being stopped by faults on Marathon Oil’s Brae Alpha platform.  The Enoch field ties-back subsea to the Brae Alpha, allowing its produced oil to be processed and pumped back to shore.

Noreco said: “The maintenance work at the field has been completed. Production start has been further delayed due to operational issues on the host platform Brae, and is now expected towards the end of the fourth quarter 2015.”

As reported earlier in the week, the UK HSE has slammed Marathon Oil over the safety of the Brae Alpha offshore facility, after releasing a report into a gas leak from a riser, part of a tie-back from another field of similar setup to Enoch.

Insurance

On the flip side, Noreco’s results showed that it had received an insurance payout of NOK 10 million (US$1.1 million), for Loss of Production Income (LOPI) relating to the Enoch field.

Enoch is a joint venture between Talisman Sinopec 24% (operator); Dana Petroleum 20.8%; First Oil Expro 14%; Faroe Petroleum 13.86%; Statoil 11.78%; Endeavour Energy 8%; Noreco Norway 4.36%; Det Norske Oljeselskap 2%; Talisman Sinopec LNS 1.2%.

Faroe Petroleum acquired its stake from the acquisition of ROC Oil UK earlier this month.