UK: Premier finalizing Tolmount paperwork with contractors. FID in 2H 2018

Premier Oil, a London-listed oil and gas company, expects to sanction its Tolmount UK North Sea field development project in the second half of 2018 and is working to finalize the paperwork with contractors.

In its trading and operations update on Wednesday, Premier said it company continued to target first gas in Q4 2020.

The Tolomount field was discovered by E.ON in 2011. The field became a part of the Premier Oil portfolio after Premier bought E.On’s UK North Sea assets in early 2016 for $120 million. At the time of the acquisition, the company dubbed Tolmount as one of the largest discoveries in the Southern Gas Basin in recent years with estimated gross resources of 200Bcf-1Tcf

Premier selected a development concept in February 2017, comprising of a standalone normally unmanned installation (NUI) and a new gas export pipeline to shore.

In a statement on Wednesday, Premier said the final documentation with selected contractors was being completed with respect to the platform, pipeline, and terminal modifications.

Premier selected a development concept in February 2017, comprising of a standalone normally unmanned installation (NUI) and a new gas export pipeline to shore.

The company previously awarded a FEED contract for the Tolmount development to Wood Group in April 2017. Under the scope of the deal, Wood Group would provide topsides, jacket, pipeline, flow assurance and subsea engineering expertise for the development’s offshore assets, export pipeline, and the onshore terminal.

Recently, Premier awarded a UK North Sea high-resolution 3D survey project on the Tolmount field to Shearwater Geoservices.

According to the company, the high resolution 3D seismic survey over the Greater Tolmount Area, scheduled for the summer, is set in advance of the Tolmount East Appraisal well drilling in 2019.

Offshore Energy Today Staff