EnQuest, an independent oil and gas company based in UK, has said that its Alma/Galia project in the North Sea remains on schedule for first oil in mid-2015.
In its first quarter status report, the company’s CEO, Amjad Bseisu, revealed that the Enquest Producer Floating Production, Storage and Offloading (FPSO) vessel arrived at the Alma/Galia field location, in the central North Sea, 310km south-east of Aberdeen, where it was moored and made “storm safe” in early May.
EnQuest said that preparation process for pulling in the risers has begun and that the project remains on track for first oil in mid-2015, with five wells available to come onstream.
According to the company, drilling on the Galia production well is expected to be completed and tied in during second half of 2015.
Regarding expectations from Alma/Galia and the field, Bseisu said: “EnQuest is positioned to achieve substantial increases in production from both Alma/Galia and Kraken over the next two years, delivering material increases in cash flow.”
The company’s production averaged 30,768 Boepd for the four months to the end of April 2015, up 20.2% on the same period in 2014, boosted by the company’s assets in Malaysia. As for the Kraken field in the North Sea, it remains on track for production in 2017.
Offshore Energy Today Staff