The field reached peak production of 350 MM scf/d of gas, which is 60,000 barrels of oil equivalent per day (boe/d) in 2016.
The initial development comprises six subsea wells, and gas is transported through an 83 km pipeline to an onshore gas processing terminal. The gas is exported from the terminal via the Bord Gais Eireann linkline to the existing Irish gas grid.
Statoil was awarded six frontier exploration licences offshore South West Ireland together with our co-venturer ExxonMobil in March 2018.
Statoil and ExxonMobil previously held these areas as licensing options and Statoil applied to convert them to frontier exploration licences in November 2017.
Statoil will be the operator of four of the licences and partner in two licences operated by ExxonMobil.
The six frontier exploration licences awarded to Statoil total approximately 7,700 square kilometres in the Porcupine Basin in water depths ranging between 1,100 and 3,150 metres. Statoil and ExxonMobil each hold 50% equity in all of the licences.
There are no well or seismic commitments during the first phase of the frontier exploration licences that has a duration of three years. The work programme during this phase focuses on technically evaluating the 2D and 3D seismic data acquired in 2016 and 2017, during the licensing option phase. The licence options were awarded in Ireland’s 2015 Atlantic Margin Licensing Round.