Total Makes Major Offshore UK Gas Discovery

Monday, September 24, 2018

French oil and energy group Total said on Monday it had made a major gas discovery on the Glendronach prospect, located off the coast of the Shetland islands in the North Sea.

Total said preliminary tests on the new gas discovery confirmed good reservoir quality, permeability and well production deliverability, with recoverable resources estimated at about one trillion cubic feet (1 tcf).

It said Glendronach, located near its Edradour field, will be tied back to the existing infrastructure and developed quickly and at low cost.

Total said the discovery will extend the life of the West of Shetland infrastructure and production hub which includes the Laggan, Tormore, Edradour & Glenlivet fields, as well as the Shetland Gas plant, all of which contribute to about 7 percent of the UK gas consumption.

"Glendronach is a significant discovery for Total which gives us access to additional gas resources in one of our core areas and validates our exploration strategy," Arnaud Breuillac, President of Total's Exploration & Production division, said in a statement.

Wood Mackenzie North Sea research analyst Kevin Swann said it was the largest conventional discovery in the United Kingdom since Culzean in 2008, and it could contribute as much as 10 percent of the UK's annual gas production in its early years.

"Exploration in the UK has been a huge concern so far in 2018 with just five exploration wells spudded to date – on track for lowest levels of activity since the 1960s. So this discovery is welcome news," Swann said in a statement.

He said that although the West of Shetland region was under-explored, it was core for oil majors BP, Shell , Total and Chevron, and large development projects were expected to boost production from it through to the mid-2020s.

Total has a 60 percent stake in Glendronach, while Ineos E&P UK Ltd and SSE E&P UK Limited each hold 20 percent stakes.

Total shares were up 0.9 percent by 1418 GMT.


(Reporting by Sudip Kar-Gupta and Bate Felix; Editing by Emelia Sithole-Matarise/Keith Weir)

Categories: Offshore Energy Activity North Sea Offshore Energy

Related Stories

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

Chuditch Gas Field Drilling Ops Get Delayed to Next Year

UK Firm Secures Exploration Extension for Two Blocks off Vietnam

Scarborough FPU's Topsides and Hull Come Together in Major Engineering Feat (Video)

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

Woodside to Shed Some Trinidad and Tobago Assets for $206M

Second Hai Long Substation Heads to Project Site Offshore Taiwan

Current News

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Woodside Agrees Long-Term LNG Supply with Petronas Unit

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com