Saudi Arabia - joining the dots

A series of blog entries exploring Saudi Arabia's role in the oil markets with a brief look at the history of the royal family and politics that dictate and influence the Kingdom's oil policy

Showing posts with label Kraken. Show all posts
Showing posts with label Kraken. Show all posts

Tuesday, 12 March 2019

Fighting the Kraken

Cairn has announced a reserves downgrade on Kraken by 6.8mmboe (net) or 19% to reflect ongoing production issues. The field has been hit by a myriad of problems since start-up in 2017 and its failure to be farmed-down by operator EnQuest in 2018 highlights the technical concerns on the field. The field's output has been hit by poor FPSO uptime driven by system outages as well as higher water-cut than originally expected. There will be a planned...

Thursday, 30 November 2017

Kraken emerges

In mythology, the Kraken was a giant sea monster that dwelled in the present day North Sea. Today, the Kraken field is emerging with production growing day-by-day and a target to reach 50mbopd in H1 2018. Gross production reached 23mbopd in November (month average) and the second processing train was brought online at the end of the month. The final DC2 production well is now onstream and the DC3 wells are near completion and expected to be brought...

Thursday, 25 May 2017

Kraken on track for first oil in June

EnQuest has reported that Kraken remains on track for first oil before the end of June 2017. Drilling is now complete at the first two drilling centres (DC1 and DC2), the rig is currently at DC3. Drilling performance to date has de-risked delivery of the project to and beyond first oil.  At start up, 7 producers and 6 injectors will be in place. Handover of FPSO systems from commissioning to operations continues and the wells will be brought onstream in a phased manner in June. EnQuest emphasises that the project continues to be under budget...