Parkmead reviews options for North Sea Platypus gas project

Offshore staff

ABERDEEN, UKParkmead is progressing the Platypus gas field development in the UK southern North Sea.

Results of detailed development concept work suggest that by making use of other offshore facilities in the area a minimal platform concept could be adopted, substantially reducing capex, and that the reserves could be efficiently recovered via two rather than three development wells.

Platypus was discovered in 2010 and appraised two years later via a horizontal well in 2012. On test the well flowed 27 MMcf/d of gas.

In the UK central North Sea, Parkmead is also working to advance the combined Perth, Dolphin, and Lowlander (PDL) oilfields development via a new production hub.

To date the company has performed detailed engineering and commercial studies that could lead to other fields in the area being tied in, one being Athena, west of Perth.

Thirteen wells have been drilled on Perth, Dolphin, and Lowlander, indicating combined recoverable reserves of more than 80 MMbbl.

Last year Parkmead was awarded a license covering block 205/13, adjacent to the company’s existing blocks in west of Shetland.

The new acreage is east of block 205/12, containing the Davaar prospect. The main play fairway developed on this acreage is the Paleocene Vaila formation that also forms the reservoir in the adjacent Foinaven, Schiehallion and Loyal oil fields and the Laggan and Tormore gas discoveries.

Parkmead has identified the Sanda North and Sanda South prospects in block 205/13 which could provide upside to Davaar – the latter potentially holds 186 MMbbl recoverable.

The company’s geoscience team has initiated a work program on the new licence, starting with detailed biostratigraphic work.

03/24/2016

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