DECC Approves Enochdhu Development (UK)

ConocoPhillips  and its partner Chevron have received permission from the U.K. Department of Energy and Climate Change (DECC) for development of the Enochdhu discovery in the U.K. Central North Sea.

First oil from Enochdhu is expected in late 2014 and the development is expected to produce at an initial gross peak rate of more than 10,000 barrels of oil equivalent per day.

Enochdhu is part of the P.103 Northern Waters 3rd round licence that was awarded to ConocoPhillips and Chevron in 1970. It is the fourth field to be developed in the Greater Britannia Area after Britannia, Brodgar and Callanish.

“‘The development of Enochdhu in the North Sea is consistent with ConocoPhillips’ overall strategy for delivering on the company’s 3 to 5 percent production growth targets. It also supports our long-term commitment to sustain a thriving and profitable U.K. business,” says David Chenier, president, United Kingdom, ConocoPhillips.

Edward Davey, Energy and Climate Change Secretary, said: “We are working very hard with industry to create the right environment for oil and gas and this is expected to be a record year for North Sea investment. The Enochdhu development is another vote of confidence for the future of the North Sea, providing jobs and energy security.”

The Enochdhu exploration well 21/5a-6, drilled in December 2005 in a water depth of 140 metres (460 feet), confirmed the presence of hydrocarbon accumulation.

ConocoPhillips is the operator of Enochdhu, and ConocoPhillips and Chevron each have a 50 percent interest.
[mappress]
 September 19, 2013