Shell and Partners in Arran FID
Shell and its partners have made a final investment decision (FID) for the Arran field development, located in the UK Central North Sea.
The Shell-operated Arran field is expected to produce around 100 million standard cubic feet a day of gas and 4,000 barrels per day of condensate, which combined equates to 21,000 barrels of oil equivalent per day (gross).
Four new development wells will be drilled and the natural gas and liquids they produce will be transported via a newly installed subsea pipeline to the Shearwater platform, RockRose, who completed the acquisition of a 20.43% interest from Dana Petroleum in blocks, 23/11a, 23/16b and 23/16c which contain the Arran field, informed.
RockRose has also signed an Equity Realignment Letter Agreement on Arran that takes the company’s interest to 30.43%
Andrew Austin, executive chairman of RockRose Energy said:
“The completion of the Arran acquisition and investment decision by the partners is a major milestone for RockRose as the first development project the company has participated in. The exploitation of infill drilling opportunities continues as part of our portfolio’s evolution. All activity, including infill drilling, development projects and decommissioning is funded from cash flow.”