Stena Spey rig mobilized for new side-track well at Anasuria Cluster

Stena Drilling-owned semi-submersible drilling rig Stena Spey has deployed anchors and is set to start drilling the Guillemot A GUA‐P1 side‐track well, a planned production enhancement project at the Anasuria Cluster concession in the UK North Sea.

The well will be executed by Anasuria Operating Company (AOC), which is a joint operating company held equally by Ping Petroleum UK Limited (wholly owned by Ping Petroleum) and Anasuria Hibiscus UK Limited (wholly owned by Hibiscus Petroleum Berhad) to be the operator of the Anasuria Cluster.

The GUA-P1 ST project is an opportunity to re-enter the existing GUA-P1 wellbore and potentially drain additional volumes of hydrocarbons from the Guillemot A field.

Hibiscus said in an update on Monday that this project is targeted to unlock approximately 1.7 million bbls of oil from Anasuria Hibiscus UK’s current net 2P Reserves.

According to Hibiscus, operations on the GUA-P1 ST have started with the Stena Spey drilling rig mobilized to location and deployed anchors on May 17, 2019.

AOC in February 2019 signed a rig sharing agreement with Ping Petroleum to assume the services of the Stena Spey semi‐submersible offshore drilling unit, for a minimum duration of 45 days, to drill the GUA‐P1 side‐track well.

This project is expected to complete in the financial quarter ending September 30, 2019. Barring unforeseen circumstances, production from the GUA-P1 ST well is expected to start upon completion of the project.

The total capital expenditure net to Anasuria Hibiscus UK for this project is estimated to be RM66.3 million ($15.8M).

The Anasuria Cluster consists of the Teal, Teal South, Guillemot and Cook fields which produce to the Anasuria floating, production, storage and offloading vessel. The Anasuria Cluster is located offshore in the United Kingdom sector of North Sea. Hibiscus Petroleum’s subsidiary, Anasuria Hibiscus UK Limited, holds 50% joint‐operating interests in the Teal, Teal South and Guillemot fields, as well as 19.3% non‐operating interest in the Cook field.

Offshore Energy Today Staff

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