Huntington output still at restricted levels

Norwegian Energy Company (Noreco) has informed that the restricted output from the Huntington field, located in the UK North Sea, continues.

Noreco says that currently, no further clarification has been received about when normal operations at the CATS riser platform, which indirectly restricts Huntington output, will resume.

To remind, an incident during restart of the CATS riser platform delayed production from Huntington. In mid-December, Huntington returned to a stable, but restricted production level of 1 500 boed net to Noreco.

Production in December

In December 2014, Noreco produced 3 955 barrels of oil equivalents (boe) per day. Net realised price in December was $51.7 per boe ($54.5 per barrel of oil) after adjustments for inventory, NGL and gas prices.

For the fourth quarter 2014, production was 3 548 boe per day at an average net realised price of $65.2 per boe ($68.3 per barrel of oil), while production for the year 2014 was 5 499 boe per day at an average net realised price of $92.1 per boe ($99.0 per barrel of oil).

Production per field, December 2014 (November 2014 in brackets):
All in boed

Huntington – 678 (53)
Nini – 2 214 (2 104)
Cecilie – 368 (310)
Oselvar – 497 (459)
Lulita – 198 (43)
Enoch – 0 (0)
Total – 3 955 (2 969)

According to Noreco, the Siri Fairway fields Nini and Cecilie, located in DK Central Graben, and the Oselvar fields, in South Viking Graben, all reported stable performance through December. The Lulita field, in DK Central Graben, was shut for approximately one week in December due to water treatment issues at the nearby Harald field. The same issue caused the low Lulita output in November.

Restart of the Enoch field in PL048D, South Viking Graben, has been delayed until first quarter 2015.

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