Oil and gas company Tailwind Energy has agreed to sell its entire working interest in the Conwy field to Eni UK with effect from 1 July 2021, subject to regulatory approvals.
Conwy has had an excellent safety and production record under Tailwind ownership but now the asset fits more readily into Eni UK’s Liverpool bay operation, Tailwind said in a statement last Friday.
It is worth mentioning that the oil from the Conwy field also flows to Eni UK’s offshore facilities for processing.
Tailwind holds a 100 per cent operated interest in Conwy having acquired the asset as part of its purchase of EOG Resources UK in 2018.
As part of the inherited EOG UK portfolio, Tailwind took over the producing Conwy oil field, a 25 per cent non-operated interest in the Columbus gas development project, and other minor asset interests in the North Sea.
The Conwy field is located within Block 110/12a in the East Irish Sea and exports reservoir fluids via a subsea pipeline to the Eni-operated Douglas field installation in adjacent block 110/13b.
Conwy was discovered in 2009 and was developed via a Not Permanently Attended Installation (NPAI) with three platform production wells, a water injection well, and one condensate injection well.