RockRose boosts Brae output with new development well

Oil and gas company RockRose Energy has completed the first of two infill development wells at West Brae, located in the UK North Sea, and the well is delivering in line with expectations.

Noble Houston Colbert; Source: Noble Corp.

RockRose is the operator of the Brea area with a 40% interest. However, the Brae operatorship is set to be transferred to TAQA in the second half of the year. This follows court proceedings brought by TAQA and other joint venture partners, JX Nippon and Spirit Energy, in December 2019.

RockRose said on Tuesday that, following completion of the first development well, the Noble Houston Colbert jack-up drilling rig spudded the second planned well at West Brae on Monday evening.

Designated WPGZ and WPOZ, the wells are designed to access over 3 MMbbl of net 2P reserves and add net production of 2,500 bopd.

The drilling of the two infill wells forms part of a wider program of planned activity, covering seven wells over the course of 2020.

The program is aimed at enhancing production by over 8,500 boepd (net) this year and next, as the company seeks to convert 2C resources to 2P reserves and deliver extended field life.

At the end of February, RockRose was debt-free with net cash of £272.1 million (equivalent to £20.75 per share) of which £39.5 million was restricted.

Andrew Austin, RockRose, Executive Chairman, said: “The drilling of the first of two RockRose-operated infill wells at West Brae has been completed as planned. The rig has now moved to the second well, which remains on target to deliver first production in Q2. These wells form part of a wider program aimed at creating significant value for shareholders, including increased production, the conversion of resources to reserves and extending field life.”


Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.

Also, if you’re interested in showcasing your company, product, or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.

Share this article

Follow Offshore Energy Today

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Navingo Career Event

The Navingo Career Event is Europe’s biggest career event for the maritime…

read more >

Offshore Technology Conference (OTC) 2020 Postponed

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply